World Agricultural Equipment

Forecasts for 2012 & 2017 in 26 countries

Publication Date	July 2008
Publisher	Freedonia Group
Product Type	Report
Pages	280
ISBN Number	not applicable
Product Code	FED00021

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£3,845.00
approximately: $5,601 | €4,438

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Summary

Global demand to rise 3.7% annually through 2012 World demand for agricultural machinery and equipment is forecast to increase 3.7 percent annually through 2012 to $111 billion. Gains will be paced by the accelerating mechanization of the agriculture sectors in currently large agricultural equipment markets such as China and India whose farm sectors are nevertheless still significantly unmechanized and inefficient in comparison to those found in more developed markets. Moreover, rapidly rising global staple food crop prices and shortages in 2007 and early 2008 indicate a growing necessity to increase farm productivity and efficiency in developing countries. To some extent, gains could be hindered if energy prices remain at their current high levels through the forecast period and negatively impact global economic growth.

China, India hold best growth prospects in developing areas Strongest growth in agricultural equipment demand will be registered in developing countries, with China and India holding by far the best prospects.Other large developing nations with sizable agricultural sectors, such as Brazil and Russia, will also post healthy gains as a result of increasing mechanization of their agricultural sectors. Besides benefitting from rising incomes, farmers in these regions will continue to strive to increase productivity through further automation and replacement of older equipment. Increasingly, draft animals such as horses and oxen used during various stages of the farming process will be replaced by agricultural equipment. In addition, rising wages in many of these countries as well as large scale migration to urban areas will necessitate the replacement of human capital with fixed capital such as farm machinery.

Gains in developed regions to lag world average The US will experience gains that will lag the world average due to decelerating growth in economic and agricultural sector output in the country through 2012. Western Europe will post particularly anemic growth through 2012, with gains arising from a strong 2007 when demand (in dollars) was bolstered by a strong Euro. Farmers in both the US and Western Europe will be adversely impacted by continuing trends in favor of free trade and against protectionist measures such as subsidies for domestic farmers and tariffs on agricultural product imports. Throughout the industrialized world, virtually all demand will be replacement oriented in nature, as the farming sectors of most countries are not growing in terms of number of farms, acreage harvested and similar physical variables. Given the widespread diversity and often interrelation of applications, growth prospects for specific types of farm machinery do not vary substantially when viewed at the global level Study coverage This new Freedonia industry study, World Agricultural Equipment, is available for $5600. It presents historical data (1997, 2002, 2007) plus forecasts (2012, 2017) for supply and demand by type in six regions and 26 countries worldwide. The study also considers market environment factors, evaluates company market shares and profiles 25 global competitors.

Content

Introduction
Executive Summary
Summary Table
Market Environment
General
World Economic Outlook
World Demographic Outlook
Total Population
Nonurban Population
World Agricultural Outlook
World Arable Land
Labor Force Productivity in Agriculture
Relationship between Agricultural Output & Agricultural Equipment Demand
Agricultural Equipment Pricing Patterns
Agricultural Equipment Technology
LIST OF TABLES & CHARTS:
- 1 World Gross Domestic Product by Region
- 2 World Population by Region
- 3 World Nonurban Population by Region
- 4 World Agricultural Value Added by Region
- 5 World Arable Land by Country
- 6 Labor Force Productivity in Agriculture for Selected Countries
- Cht World Agricultural Equipment/Agricultural Output Relationship, 2007
SUPPLY & DEMAND
- General
- World Agricultural Equipment Demand by Region
- World Agricultural Equipment Demand by Type
- Farm Tractors
- Harvesting Machinery
- Planting & Fertilizing Machinery
- Haying Machinery
- Plowing & Cultivating Machinery
- Other Agricultural Equipment
- Parts & Attachments
- World Agricultural Equipment Production
- International Trade Flows
LIST OF TABLES & CHARTS:
- 1 World Agricultural Equipment Demand by Region
- Cht World Agricultural Equipment Demand by Region, 2007
- 2 World Agricultural Equipment Demand by Type
- 3 World Tractors Demand by Type
- 4 World Harvesting Machinery Demand by Type
- 5 World Planting & Fertilizing Machinery Demand by Type
- 6 World Plowing & Cultivating Machinery Demand by Type
- 7 World Haying Machinery Demand by Type
- 8 World Other Agricultural Equipment Demand by Type
- 9 World Parts & Attachments Demand by Type
- 10 World Agricultural Equipment
  - Shipments by Region
  - Cht World Agricultural Equipment
  - Shipments by Region, 2007
- 11 World Agricultural Equipment
- Net Exports by Region
NORTH AMERICA
- General
- United States
- Canada
- Mexico
LIST OF TABLES & CHARTS:
- 1 North America -- Agricultural Equipment Supply & Demand
- 2 United States -- Agricultural Equipment Supply & Demand
- 3 Canada -- Agricultural Equipment Supply & Demand
- 4 Mexico -- Agricultural Equipment Supply & Demand
WESTERN EUROPE
- General
- Austria
- Denmark
- France
- Germany
- Italy
- The Netherlands
- Spain
- United Kingdom
- Other Western Europe
LIST OF TABLES & CHARTS:
- 1 Western Europe -- Agricultural Equipment Supply & Demand
- 2 Austria -- Agricultural Equipment Supply & Demand
- 3 Denmark -- Agricultural Equipment Supply & Demand
- 4 France -- Agricultural Equipment Supply & Demand
- 5 Germany -- Agricultural Equipment
- Supply & Demand
- 6 Italy -- Agricultural Equipment Supply & Demand
- 7 The Netherlands -- Agricultural Equipment Supply & Demand
- 8 Spain -- Agricultural Equipment Supply & Demand
- 9 United Kingdom -- Agricultural Equipment Supply & Demand
- 10 Other Western Europe -- Agricultural
- Equipment Supply & Demand
- ASIA/PACIFIC
- General
- Australia
- China
- India
- Indonesia
- Japan
- South Korea
- Thailand
- Other Asia/Pacific
LIST OF TABLES & CHARTS:
- 1 Asia/Pacific -- Agricultural Equipment Supply & Demand
- 2 Australia -- Agricultural Equipment Supply & Demand
- 3 China -- Agricultural Equipment Supply & Demand
- 4 India -- Agricultural Equipment Supply & Demand
- 5 Indonesia -- Agricultural Equipment Supply & Demand
- 6 Japan -- Agricultural Equipment Supply & Demand
- 7 South Korea -- Agricultural Equipment Supply & Demand
- 8 Thailand -- Agricultural Equipment Supply & Demand
- 9 Other Asia/Pacific -- Agricultural
- Equipment Supply & Demand
- OTHER REGIONS
- General
- Latin America
- Argentina
- Brazil
- Other Latin America
- Eastern Europe
- Poland
- Russia
- Ukraine
- Other Eastern Europe
- Africa/Mideast
- Iran
- South Africa
- Turkey
- Other Africa/Mideast
LIST OF TABLES & CHARTS:
- 1 Other Regions -- Agricultural
- Equipment Supply & Demand
- 2 Latin America -- Agricultural
- Equipment Supply & Demand
- 3 Argentina -- Agricultural Equipment Supply & Demand
- 4 Brazil -- Agricultural Equipment Supply & Demand
- 5 Other Latin America -- Agricultural
- Equipment Supply & Demand
- 6 Eastern Europe -- Agricultural Equipment Supply & Demand
- 7 Poland -- Agricultural Equipment Supply & Demand
- 8 Russia -- Agricultural Equipment Supply & Demand
- 9 Ukraine -- Agricultural Equipment Supply & Demand
- 10 Other Eastern Europe -- Agricultural
- Equipment Supply & Demand
- 11 Africa/Mideast -- Agricultural Equipment Supply & Demand
- 12 Iran -- Agricultural Equipment Supply & Demand
- 13 South Africa -- Agricultural Equipment Supply & Demand
- 14 Turkey -- Agricultural Equipment Supply & Demand
- 15 Other Africa/Mideast -- Agricultural Equipment Supply & Demand
INDUSTRY STRUCTURE
- General
- Industry Composition & Market Share
- Product Development & Manufacturing
- Marketing & Distribution
- Financial Requirements
- Mergers, Acquisitions & Industry Restructuring
LIST OF TABLES & CHARTS:
- 1 Selected World Agricultural Equipment
- Manufacturers -- Revenue Data, 2007
- Cht World Agricultural Equipment Market Share by Company, 2007
- 2 Selected Cooperative Agreements
- 3 Selected Acquisitions & Divestitures
- Company Profiles