DUBLIN, October 01, 2021: The market is expected to grow to a figure of $120 billion while registering a 44% year-on-year increase despite battling serious production & supply chain disruptions & challenges caused by the global outbreak of the COVID-19 pandemic. The U.S. net farm income for 2021 is projected to be in correction mode and decline by 9.7% year-on-year to reach $111.4 billion following four consecutive years of steady improvements & increases. The global agriculture equipment sales for 2021, however, are projected to register growth in mid-single-digit percentages across North America, Europe, and South America while the sales in Asia are projected to contract marginally
Companies Mentioned
- Deere & Company
- CNH Industrial N.V.
- AGCO Corporation
- CLAAS Group
- SDF Group
- Kubota Corporation
The global demand for agriculture equipment is projected to register steady growth for 2021 driven by favorable agriculture commodity prices & farm economics, high crop yields, and low levels of global grain inventories needing replenishment
The row crop segment has been witnessing the largest demand in North America with a high horsepower tractor segment registering strong growth as farmers actively pursue fleet replacement & recapitalization. EU, too, has been witnessing higher levels of crop output along with stronger farm economics in 2021 boosting overall farm sentiment. The COVID-19, however, continues to create supply chain disruptions marked by delays and constraints amid increasing industrial demand and will remain a challenge for the world economy over the near term
The long-term industry fundamentals for agriculture, however, remain robust with the global agricultural output required to double itself by 2050
The global agriculture equipment industry is also in the midst of a technology-driven evolution phase led by the development & incorporation of connectivity, autonomous and sustainable powertrain technologies aimed at enhanced efficiency, productivity, and sustainability. The current phase of the agriculture industry’s development and its likely evolution over the medium term quintessentially is going to be defined and shaped by technology that has been evolving rapidly and disrupting markets fundamentally
Against this backdrop, the report provides a comprehensive Comparative SWOT & Strategy Focus Analysis on the World’s Top 6 Agriculture Equipment manufacturers. The report analyzes how the key industry OEMs are positioned, based on their Strengths & Weaknesses, and are gearing up for the highly dynamic & rapidly evolving agriculture market landscape with reference to the emerging Opportunities and potential Threats.
Key Topics Covered:
Section – 1 Business Structure & Snapshot – World’s Top 6 Agriculture Equipment Manufacturers
a) Founded
b) Headquartered
c) Business Segments
d) Employees
e) Revenues
f) Market Capitalization
g) Key Executives
h) Shareholding/Ownership Pattern & Structure
Section – 2 Financial Performance Snapshot & Analysis – Charts & Analysis for each Company:
1. Revenue Base & Growth Trend
2. Revenues Split by Key Segments
3. Revenues Split by Key Geographic Markets & Regions
4. Gross Earnings & Margin Trend
5. Operating Earnings & Operating Margin Trend
6. Return on Sales Trend
7. Profitability Growth Trend
8. Cash Flow from Operations
9. R&D Expenditure Trend
10. CAPEX Trend
Section – 3 SWOT Analysis
- Sources of Strengths to be Leveraged
- Weaknesses to Overcome
- Opportunities for Growth
- Threats to be Mitigated & Negated
Section – 4 Comparative Analysis of Strengths
Section – 5 Comparative Analysis of Weaknesses
Section – 6 Strategy Focus across OEMs – Near to Medium Term – For the 6 Leading Agriculture Equipment Manufacturers
Section – 7 Analysis of Key Strategies & Plans for the 6 Leading Agriculture Equipment OEMs – Near to Medium Term
1. Product Portfolio Strategies & Plans
2. Market Specific Strategies & Plans
3. R&D Strategies & Plans
4. Growth Strategies & Plans
5. Business and Corporate Strategies & Plans
6. Sales & Marketing Strategies & Plans
7. Production/Manufacturing Strategies & Plans
8. Financial Strategies & Plans
9. Acquisitions, Strategic Alliances & JVs
10. Other Strategies, Strategic Initiatives & Imperatives
Section – 8 Key Trends
- Industry Trends
- Market Trends
- Technology Trends
Section – 9 Key Issues, Challenges & Risk Factors
Section – 10 Global Agriculture Equipment Market – Force Field Analysis – Analysis of Driving & Restraining Forces and their Overall Dynamics
- Driving Forces
- Restraining Forces
Section – 11 Strategic Market Outlook
- Analysis of Emerging Global Scenario for Agriculture & Farm Incomes
- Demand Outlook for Agriculture Equipment
- Growth Projections for Key Agriculture Equipment Markets
- Insights into Potential Growth Opportunities
For more information about this report visit https://www.researchandmarkets.com/r/81z139
View source version on businesswire.com: https://www.businesswire.com/news/home/20211001005293/en/
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Source: Finance Yahoo
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