Asia-Oceania region to account for over 50% of the agricultural market by 2019

The Asia-Oceania region is projected to account for 50.8% of the agricultural equipment market by 2019, says a new report from MarketsandMarkets.


The report "Agriculture Equipment Market by Region & Propulsion (Self-propelled & Implements); Self-propelled Equipment Market, by Type; Implements Market, by Function (Harvesting, Planting & Fertilizing, Haying, and Plowing & Cultivating) - Forecast to 2019" published by MarketsandMarkets, classifies and defines the Agriculture Equipment Market in terms of value. The report highlights the potential growth opportunities for the Agriculture Equipment Market in the coming years, and also covers the review of the drivers, restraints, opportunities, challenges, competitive landscape, and other key aspects related to the Agriculture Equipment Market.

Browse 81 market data tables with 31 figures from the report. 

Asia-Oceania: Largest and Fastest-growing Market 

The Asia-Oceania region includes countries such as ChinaJapanSouth Korea, and India. This region is estimated to be the largest market for agriculture equipment. It is projected that 50.8% of the agricultural equipment market will be accounted for by the Asia-Oceania region by 2019. It is also projected that the key contributors to this are to be India and China. The rising mechanization of farming equipment and increasing population are the factors propelling the growth for agriculture equipment in this region. OEMs such as Iseki & Co., Ltd. (Japan), J.C. Bamford Excavators Limited (U.K.), Kubota Corporation (Japan), and Mahindra & Mahindra Limited (India) are some of the key players involved in the market.

The report analyzes the Agriculture Equipment Market in terms of value. The market size, from 2012 to 2019, is provided in terms of USD billion ($billion). The Agriculture Equipment Market is broadly classified by region (Asia-Oceania, EuropeNorth America, and ROW), focusing on the key countries in each region; and by propulsion type (self-propelled & implements), where self-propelled equipment are segmented by type (tractor, combines), and implements by (Harvesting equipment, Planting & fertilizing equipment, Haying equipment, Plowing & cultivating equipment).

The report also provides qualitative and quantitative insights on the market. The key players in the global market have also been identified and profiled. The few identified key players are AGCO Corp. (U.S.), CNH Industrial N.V. (U.K.), Iseki & Co., Ltd. (Japan), J.C. Bamford Excavators Limited (U.K.), Kubota Corporation (Japan), Mahindra & Mahindra Limited (India) and Deere & Company (U.S.).