World Agricultural Equipment Market

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World demand to rise 6.7% annually through 2016

World demand for agricultural equipment is expected to increase 6.7 percent per year through 2016 to $173.5 billion. Growth will be driven primarily by sales gains in rapidly developing nations -- particularly China, Brazil, and India -- as these countries continue to mechanize their agricultural sectors. Population expansion and strong economic growth in these nations will put increasing pressure on their agricultural sectors to become more efficient and productive, resulting in a rise in farm machinery sales. Agricultural machinery demand in the Asia/Pacific region was more than twice that of any other region in 2011. China and India will be the primary nations fueling future market advances in this region, although other smaller markets, including Thailand and Indonesia, will also expand rapidly through 2016. The Central and South America region will post strong sales gains through 2016 as well, powered by growth in Brazil and other countries with large, increasingly mechanized agricultural sectors, including Argentina. In the industrialized world, North America and Western Europe will both record below-average growth in farm equipment sales through 2016. Demand will be driven by technological advances, as the efficiency gains afforded by newer equipment with more sophisticated technology will make it economically feasible for farmers to replace their machinery more frequently. Conversely, many farmers delayed replacing their older machinery during the 2008-2010 economic crisis, avoiding major purchases of new machinery because of an uncertain economic environment. As a result, 2011 was the beginning of a spike in demand for agricultural machinery as better economic conditions prompted farmers to finally replace older machines. Since the average replacement cycle is generally eight or nine years, high demand in 2011 means many farmers may not replace machinery in 2016, constraining agricultural equipment demand through the forecast period.

Plowing, cultivating machinery to lead gains

Farm tractors the largest product segment in 2011, represented 30 percent of all agricultural machinery sales. Plowing and cultivating machinery is expected to be the fastest growing product type from 2011 to 2016, expanding 9.1 percent per year as farmers in developing nations purchase larger and more complex tilling equipment to in-crease the productivity of their land. Parts and attachments demand is projected to increase at the slowest rate, climbing 5.4 percent per annum through 2016 to $27.6 billion as the durability of new machinery continues to improve, limiting repair and maintenance spending.

China to overtake US as biggest manufacturer

In 2011, the United States held a slight lead over China as the largest producer of farm machinery, with industry shipments of $23.1 billion. However, the Chinese agricultural equipment manufacturing industry is expected to expand rapidly through 2016, while production growth in the United States will be more moderate. As a result, China will overtake the US to become the biggest manufacturer of farm machinery in the world, with 2016 industry shipments 70 percent greater than those of the US. Manufacturing output will also rise at a fast pace in Brazil and India, supported by the strong local markets and rapidly industrializing economies in these nations.

Study coverage

This upcoming industry study presents historical demand data for the years 2001, 2006 and 2011, plus forecasts for 2016 and 2021 by type, world region and for 20 countries. The study also considers market environment factors, evaluates company market share and profiles industry competitors.

General 4Global Macroeconomic Environment 5Recent Historical Trends 5World Economic Outlook 7World Demographic Overview 11Population 12Nonurban Population 13World Arable Land 15World Agricultural Outlook 17World Agricultural Land Usage 19Wheat 23Corn 24Rice 25Pasture & Forage 26Soybeans 27Other Crops 28Labor Force Productivity in Agriculture 29Legal & Regulatory Environment 31Pricing Patterns 33Technology Trends 36Used & Rebuilt Equipment 39

III. WORLD SUPPLY & DEMAND 41

General 41Regional Overview 42Demand 42Production 48International Trade 51Demand by Type 53Farm Tractors 55Harvesting Machinery 58Planting & Fertilizing Machinery 60Haying Machinery 62Plowing & Cultivating Machinery 64Other Agricultural Equipment 66Parts & Attachments 68

IV. NORTH AMERICA 71

General 71Agricultural Equipment Supply & Demand 72Agricultural Equipment Outlook 76United States 77Canada 83Mexico 88

V. WESTERN EUROPE 94

General 94Agricultural Equipment Supply & Demand 95Agricultural Equipment Outlook 99Germany 100France 105Italy 111United Kingdom 116The Netherlands 121Austria 125Spain 130Other Western Europe 136

VI. ASIA/PACIFIC 141

General 141Agricultural Equipment Supply & Demand 142Agricultural Equipment Outlook 147China 148India 154Japan 159South Korea 165Australia 170Indonesia 179Other Asia/Pacific 184

VII. OTHER REGIONS 189

Central & South America 189General 189Agricultural Equipment Supply & Demand 190Agricultural Equipment Outlook 193Brazil 194Other Central & South America 199Eastern Europe 204General 204Agricultural Equipment Supply & Demand 206Agricultural Equipment Outlook 208Russia 209Other Eastern Europe 214Africa/Mideast 219General 219Agricultural Equipment Supply & Demand 221Agricultural Equipment Outlook 224Turkey 226Other Africa/Mideast 231

VIII. INDUSTRY STRUCTURE 236

General 236Industry Composition 237Market Share 239Product Development & Manufacturing 243Marketing & Distribution 245Cooperative Agreements 247Financial Requirements 254Mergers & Acquisitions 255Company Profiles 257AGCO Corporation 258Al-Ghazi Tractors, see Fiat IndustrialAlamo Group Incorporated 264AMAZONEN-Werke H. Dreyer GmbH & Company KG 269ARGO SpA 271Berthoud Agricole, see Groupe Exel IndustriesBomford Turner, see Alamo GroupBucher Industries AG 273Bush Hog, see Alamo GroupCaruelle-Nicolas, see Groupe Exel IndustriesCaterpillar Incorporated 278Changzhou Dongfeng Agricultural Machinery GroupCompany Limited 281China National Machinery Industry Corporation 283CLAAS KGaA mbH 286CNH Global, see Fiat IndustrialConstructions Mecaniques Champenoises, see GroupeExel IndustriesCrary Industries, see YamabikoDaedong Industrial Company Limited 291Deere & Company 293DeLaval International, see Tetra Laval InternationalEarthmaster, see Alamo GroupECHO, see YamabikoEscorts Limited 300Fiat Industrial SpA 302First Tractors, see China National Machinery IndustryFoton Lovol International Heavy Industries CompanyLimited 309GIMA, see AGCO and CLAAS mbHGrégoire, see Same Deutz-FahrGroupe Exel Industries 310GSI Holdings, see AGCOHardi International, see Groupe Exel IndustriesHerschel, see Alamo GroupIndustrias John Deere, see Deere & CompanyIseki & Company Limited 314Jiangsu World Agricultural Machinery, see WORLDGroupKanzaki Kokyukoki Manufacturing, see YanmarKrause, see Bucher IndustriesKubota Corporation 317Kuhn, see Bucher IndustriesKukje Machinery Company Limited 323Kverneland, see KubotaLaverda, see AGCO and ARGOLuoyang Zhongshou Machinery & Equipment, see ChinaNational Machinery IndustryM&W Gear, see Alamo GroupMahindra & Mahindra Limited 325Matrot Equipements, see Groupe Exel IndustriesMcConnel, see Alamo GroupNetafim Limited 328Perkins Engine, see CaterpillarPreciculture, see Groupe Exel IndustriesRhino, see Alamo GroupSame Deutz-Fahr SpA 331Shandong Shifeng Group Company Limited 335Shanghai New Holland Agricultural Machinery, see FiatIndustrialSIAM KUBOTA, see KubotaSINOMACH, see China National Machinery IndustrySociete Nouvelle Moreau, see Groupe Exel IndustriesTecnoma Technologies, see Groupe Exel IndustriesTetra Laval International SA 337Tractors and Farm Equipment Limited 339Transaxle Manufacturing of America, see Deere &CompanyTürk Traktör ve Ziraat Makineleri, see Fiat IndustrialTwose of Tiverton, see Alamo GroupValmont Industries Incorporated 341Valu-Bilt Tractor Parts, see Alamo GroupWORLD Group 343Yamabiko Corporation 345Yanmar Company Limited 347YTO Group, see China National Machinery IndustryZETOR TRACTORS as 351Additional Companies Mentioned in the Study 353

LIST OF TABLES

2 World Population by Region 13

3 World Nonurban Population by Region 14

4 World Arable Land by Country, 2011 17

5 World Agricultural Value Added by Region 19

6 World Agricultural Land Usage by Region & Crop 21

7 Labor Force Productivity in Agriculture for Selected

Countries, 2011 30

8 World Agricultural Equipment Pricing Patterns 35

2 World Agricultural Equipment Shipments by Region 50

3 World Agricultural Equipment Net Exports by Region 53

4 World Agricultural Equipment Demand by Type 54

5 World Farm Tractor Demand by Region 57

6 World Harvesting Machinery Demand by Region 60

7 World Planting & Fertilizing Machinery Demand by Region 62

8 World Haying Machinery Demand by Region 64

9 World Plowing & Cultivating Machinery Demand by Region 66

10 World Demand for Other Agricultural Equipment by Region 68

11 World Agricultural Equipment Parts & Attachments Demand

by Region 70

2 North America: Agricultural Equipment Demand by Type 77

3 United States: Agricultural Equipment Supply & Demand 81

4 United States: Agricultural Equipment Demand by Type 83

5 Canada: Agricultural Equipment Supply & Demand 86

6 Canada: Agricultural Equipment Demand by Type 88

7 Mexico: Agricultural Equipment Supply & Demand 92

8 Mexico: Agricultural Equipment Demand by Type 93

2 Western Europe: Agricultural Equipment Demand by Type 100

3 Germany: Agricultural Equipment Supply & Demand 103

4 Germany: Agricultural Equipment Demand by Type 105

5 France: Agricultural Equipment Supply & Demand 109

6 France: Agricultural Equipment Demand by Type 110

7 Italy: Agricultural Equipment Supply & Demand 114

8 Italy: Agricultural Equipment Demand by Type 115

9 United Kingdom: Agricultural Equipment Supply & Demand 119

10 United Kingdom: Agricultural Equipment Demand by Type 120

11 Netherlands: Agricultural Equipment Supply & Demand 123

12 Netherlands: Agricultural Equipment Demand by Type 125

13 Austria: Agricultural Equipment Supply & Demand 128

14 Austria: Agricultural Equipment Demand by Type 130

15 Spain: Agricultural Equipment Supply & Demand 134

16 Spain: Agricultural Equipment Demand by Type 135

17 Other Western Europe: Agricultural Equipment Supply

& Demand 139

18 Other Western Europe: Agricultural Equipment Demand

by Type 140

2 Asia/Pacific: Agricultural Equipment Demand by Type 148

3 China: Agricultural Equipment Supply & Demand 152

4 China: Agricultural Equipment Demand by Type 154

5 India: Agricultural Equipment Supply & Demand 157

6 India: Agricultural Equipment Demand by Type 159

7 Japan: Agricultural Equipment Supply & Demand 163

8 Japan: Agricultural Equipment Demand by Type 164

9 South Korea: Agricultural Equipment Supply & Demand 168

10 South Korea: Agricultural Equipment Demand by Type 169

11 Australia: Agricultural Equipment Supply & Demand 172

12 Australia: Agricultural Equipment Demand by Type 174

13 Thailand: Agricultural Equipment Supply & Demand 177

14 Thailand: Agricultural Equipment Demand by Type 178

15 Indonesia: Agricultural Equipment Supply & Demand 182

16 Indonesia: Agricultural Equipment Demand by Type 183

17 Other Asia/Pacific: Agricultural Equipment Supply

& Demand 187

18 Other Asia/Pacific: Agricultural Equipment Demand by Type 188

& Demand 192

2 Central & South America: Agricultural Equipment Demand

by Type 194

3 Brazil: Agricultural Equipment Supply & Demand 197

4 Brazil: Agricultural Equipment Demand by Type 199

5 Other Central & South America: Agricultural Equipment

Supply & Demand 202

6 Other Central & South America: Agricultural Equipmen

Demand by Type 204

7 Eastern Europe: Agricultural Equipment Supply & Demand 207

8 Eastern Europe: Agricultural Equipment Demand by Type 209

9 Russia: Agricultural Equipment Supply & Demand 213

10 Russia: Agricultural Equipment Demand by Type 214

11 Other Eastern Europe: Agricultural Equipment Supply

& Demand 218

12 Other Eastern Europe: Agricultural Equipment Demand

by Type 219

13 Africa/Mideast: Agricultural Equipment Supply & Demand 223

14 Africa/Mideast: Agricultural Equipment Demand by Type 225

15 Turkey: Agricultural Equipment Supply & Demand 229

16 Turkey: Agricultural Equipment Demand by Type 230

17 Other Africa/Mideast: Agricultural Equipment Supply

& Demand 234

18 Other Africa/Mideast: Agricultural Equipment Demand

by Type 235

2 Selected Cooperative Agreements 249

3 Selected Acquisitions & Divestitures 257

1 World Agricultural Land Usage by Region, 2011 222 World Agricultural Land Usage by Crop, 2011 223 Leading Wheat Harvesting Countries, 2011 234 Leading Corn Harvesting Countries, 2011 255 Leading Rice Harvesting Countries, 2011 266 Leading Pasture & Forage Countries, 2011 277 Leading Soybean Harvesting Countries, 2011 288 World Agricultural Equipment Pricing Patterns, 2001-2021 36

SECTION III -- WORLD SUPPLY & DEMAND

1 World Agricultural Equipment Demand by Region,2001-2021 462 Additional Agricultural Equipment Demandfrom 2011 to 2016 by Region 463 World Agricultural Machinery Demand Projected 2011-2016Annual Rate of Growth 474 World Agricultural Equipment Shipments by Region,2001-2021 515 World Agricultural Equipment Demand by Type, 2011 556 World Farm Tractor Demand by Region, 2001-2021 58

SECTION IV -- NORTH AMERICA

1 North America Agricultural Equipment Demand by Country,2001-2021 752 North America Agricultural Equipment Demand by Type,2011 75

SECTION V -- WESTERN EUROPE

1 Western Europe Agricultural Equipment Demand by Country,2001-2021 982 Western Europe Agricultural Equipment Demand by Type,2011 98

SECTION VI -- ASIA/PACIFIC

1 Asia/Pacific Agricultural Equipment Demand by Country,2001-2021 1462 Asia/Pacific Agricultural Equipment Demand by Type,2011 146

SECTION VII -- OTHER REGIONS

1 Central & South America Agricultural Equipment Demandby Type, 2011 1932 Eastern Europe Agricultural Equipment Demand by Type,2011 2083 Africa/Mideast Agricultural Equipment Demand by Type,2011 224

SECTION VIII -- INDUSTRY STRUCTURE

1 World Agricultural Equipment Market Share by Company,2011 240To order this report:Agricultural Machinery Industry: World Agricultural Equipment MarketMore  Market Research ReportCheck our  Industry Analysis and Insights

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