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Agriculture Equipment .

Published July, 2018
South America Agriculture Equipment Market- Size, Trends, Competitive Analysis and Forecasts (2019-2024)

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South America is a rapidly growing region in terms of economic development in the world just after Asia-Pacific. Before a couple of decades, the agriculture industry has remained vital for the economic growth of the majority of the country in the region. Though the dependency of agriculture on GDP of leading South American countries has reduced up to a certain extent, however, it is still among the important sector for the economic growth of almost all the countries in South America. Since the past decades, the population of most of the countries has been increasing at a rapid rate. This has resulted in the ever-increasing need of food which has led to an increasing effort to expand the crop production efficiency. Thus, farmers in major South American economies such as Brazil, Argentina, and Colombia are intending to implement mechanization in their farmland. This will result in an expanding agriculture equipment market in the years to come.

South America represents around 12% of total agriculture equipment market in the world, the market revenue of which is recorded at $13.3 billion in 2018. There are many factors that will boost the market growth. Some of the leading demand driving factors include increasing support from Government to the farmers in major South American countries by providing subsidies on machinery, particularly on tractors, growing economic stability of most of the farmers in rural region and the increasing gap between the supply and demand of food, a stronger emphasis on exports of agri products and growing need to boost the crop production efficiency. Based on these factors the market revenue of agriculture equipment in South America is forecasted to grow at a CAGR of 5.1% during 2019 to 2024, to attain the market size of $17.9 billion by 2024.

Tractors dominate the agriculture equipment market in almost all the countries in South America, followed by plowing & cultivating machinery, fertilizing machinery, planting machinery, harvesters, and haying & foraging machinery. Application of tractors in the agriculture industry has brought a vital change in the agricultural mechanization in leading countries including Brazil, Argentina, and Colombia. Experts believe that with expanding production of row crops and horticultural crops in South America, the usage of tractors is expected to grow at a very rapid pace as it provides the possibility of covering larges farm area within short time periods. Due to the huge scope of agriculture machinery market in South America, leading players are planning to expand their operation in the region by driving various strategies including mergers, acquisitions and production facility expansion.

Key Deliverables

  • Market trends since 2015 and five-year forecasts of market growth 
  • Detailed analysis of the micro and macro elements influencing demand trends
  • Identifying opportunity spaces across segments and countries  
  • Supply & demand side trend and analysis
  • Price trend analysis, investment prospects and competition pattern
  • Insights on growth potential of the market
  • Detailed analysis of major producers covering financial investments & strategies adopted
  • Competitive landscape of the industry

 

1. Introduction                                                                                     

          1.1 Research Methodology                                                                     

          1.2 Scope of the Study                                                                          

          1.3 Assumptions                                                                         

2. Summary                                                                               

          2.1 Market Summary By Type                                                                          

          2.2 Market Summary by Geography                                                                            

3. Industry Dynamics                                                                            

          3.1 Drivers                                                                       

                   3.1.1 Growing access to subsidies and credits for Farm Machinery in Asia                 

                   3.1.2 Push for agriculture mechanization from policy makers                        

                   3.1.3 Focus to increase cropping intensity                                                 

                   3.1.4 Dwindling agriculture laborers due to Urbanization                               

          3.2 Restraints                                                                   

                   3.2.1 Diminishing area under agriculture                                                    

                   3.2.2 Increased number of fragmented landholding in Asia                                     

                   3.2.2 Consolidating farmland under contract farming & co-operatives             

          3.3 Opportunities                                                                        

                   3.3.1 Growing emphasis on Precision farming                                            

                   3.3.2 Hill Agriculture                                                           

                   3.3.3 Gender friendly tools and Equipment                                                

                   3.3.4 Crop Specific Package of machines                                                  

          3.4 Porter’s Five Forces Analysis                                                                       

                   3.4.1 Bargaining power of Suppliers                                                         

                   3.4.2 Bargaining power of Buyers                                                            

                   3.4.3 Degree of Competition                                                         

                   3.4.4 Threat of Substitution                                                          

                   3.4.5 Threat of new entrants                                                                  

          3.5 Future Trends in the Industry                                                                      

          3.6 Value Chain Analysis                                                                        

          3.7 Industry Policies & Regulations                                                                    

          3.8 Market Innovations                                                                         

4. Market Size and Forecast                                                                             

          4.1 Tractors                                                                     

                   4.1.1 Utility Tractors                                                          

                   4.1.1.2.2 Row crop tractors                                                          

                   4.1.1.2.3 Garden & Orchard type Tractor                                                  

                   4.1.1.2.4 Orchard Tractor                                                             

                   4.1.1.2.4 Rotary Tillers                                                                 

                   4.1.1.2.4 Others                                                                

          4.2 Plowing and Cultivating Machinery                                                                

                   4.2.1 Ploughs                                                          

                   4.2.2 Harrows                                                         

                   4.2.3 Cultivators & Tillers                                                              

                   4.2.4 Others                                                           

          4.3 Planting Machinery                                                                           

                   4.3.1 Seed Drill                                                                 

                   4.3.2 Planters                                                          

                   4.3.3 Broadcast Seeders                                                               

                   4.3.4 Transplanters                                                            

          4.4 Fertilizing Machinery                                                                         

                   4.4.1 Dry Fertilizer Spreaders                                                                  

                   4.4.2 Drop Spreaders                                                         

                   4.4.3 Rotary Spreaders                                                                

                   4.4.4 Others                                                           

          4.5 Harvesters                                                                            

                   4.5.1 Crop & Grain Harvester                                                                  

                   4.5.2 Rootcrop Harvester                                                             

                   4.5.3 Fruits and Vegetable Harvester                                                                 

                   4.5.4 Threshers                                                                 

                   4.5.5 Others                                                           

          4.6 Haying and Forage Machinery                                                                      

                   4.6.1 Mowers                                                          

                   4.6.2 Conditioners                                                             

                   4.6.3 Tedders/inverters                                                                

                   4.6.4 Hay rakes                                                                

                   4.6.5 Balers                                                            

          4.7 Combines                                                                             

                   4.7.1 Corn Crop                                                                

                   4.7.2 Rice Crop                                                                 

                   4.7.3 Soybean Crop                                                           

                   4.7.4 Wheat Crop                                                              

                   4.7.5 Other Crops                                                             

          4.8 Sprayers                                                                     

                   4.8.1 Low Pressure Sprayers                                                         

                             4.8.1.1 Tractor Mounted Sprayers                                                  

                             4.8.1.2 High Clearance Sprayers                                                    

                             4.8.1.3 Trailer Mounted Sprayer                                                     

                             4.8.1.4 Truck Mounted Sprayer                                                     

                   4.8.2 High Pressure Sprayers                                                                  

                             4.8.2.1 Air Carrier Sprayers                                                 

                             4.8.2.2 Hand Operated Sprayers                                                    

                             4.8.2.3 Fogger                                                        

          4.9 Irrigation Machineries                                                                       

                   4.9.1 Sprinkler Irrigation                                                               

                   4.9.2 Drip Irrigation                                                           

          4.10 Parts and Attachments                                                                    

          4.11 Other Agricultural Equipment                                                                      

5. Country Market Share                                                                                  

          5.1 South America                                                                       

                   5.1.1 Brazil                                                             

                   5.1.2 Argentina                                                                 

                   5.1.3 Colombia                                                                 

                   5.1.4 Others                                                           

6. Competitive Analysis                                                                                   

          6.1 Market Share Analysis                                                                      

          6.2 Growth Strategies of leading players                                                             

          6.3 Investment and Development Prospects                                                                 

                   6.3.1 Investment in past five years                                                          

                   6.3.2 Investment Opportunities                                                               

          6.4 Competition Pattern                                                                         

                   6.4.1 Concentration Ratio                                                             

                   6.4.2 Industry Competition                                                           

          6.5 Price Trend Analysis                                                                         

                   6.5.1 Product Classifications and Their Prices                                             

                   6.5.2 Factors Influencing Prices                                                               

7. Company Profiles                                                                              

          7.1 AGCO Corp.                                                                          

          7.2 Agrifac Machinery                                                                  

          7.3 Alamo Group Incorporated                                                                         

          7.4 AMAZONEN-Werke H. Dreyer GmbH & Company KG                                       

          7.5 ARGO SpA                                                                            

          7.6 Bucher Industries AG                                                                        

          7.7 Changzhou Dongfeng Agricultural Machinery Group                                

          7.8 China National Machinery Industry Corporation                                                        

          7.9 Claas KGaA mbH                                                                   

          7.10 CNH Industrial N.V                                                                         

          7.11 Daedong Industrial Company Limited                                                          

          7.12 Deere and Company                                                                      

          7.13 Escorts Limited                                                                    

          7.14 Exel Industries SA                                                                          

          7.15 Foton Lovol International Heavy Industries Company Ltd.                              

          7.16 Iseki & Co. Ltd.                                                                   

          7.17 JCB Limited                                                                         

          7.18 Kubota Corporation                                                                       

          7.19 Kuhn Group                                                                        

          7.20 Kukje Machinery Company Limited                                                             

          7.21 Kverneland Group                                                                          

          7.22 Mahindra & Mahindra Ltd.                                                                         

          7.23 Netafim Limited                                                                    

          7.24 Same Deutz-Fahr Deutschland Gmbh                                                           

          7.25 Shandong Shifeng Group Company Limited                                                   

          7.26 Tetra Laval International SA                                                                      

          7.27 Tractors and Farm Equipment Ltd.                                                    

          7.28 Valmont Industries Incorporated                                                                

          7.29 WORLD Group Company Limited                                                               

          7.30 Yamabiko Corporation                                                                    

          7.31 Yanmar Company Limited                                                                         

          7.32 ZETOR TRACTORS                                                                         

Appendix                                                                                   

          Sources                                                                           

          Disclaimer                                                                                                                                 

 

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