Research and Markets: Global Farm Equipment Market Report: 2014 Edition

DUBLIN--(BUSINESS WIRE)--

Research and Markets (http://www.researchandmarkets.com/research/7clp72/global_farm) has announced the addition of the "Global Farm Equipment Market Report: 2014 Edition" report to their offering.

Agricultural or farm equipment cover a broad range of machines and tools which help the farmers to carry out the various processes required to enhance the output as well as the quality of crops. Based on their characteristics, agricultural equipment can be divided into two types: farmstead equipment and field equipment. Engineering inputs to agriculture by way of mechanization has increased considerably during the recent years so as to meet the timeliness of farm operations, reducing drudgery, capacity enhancement and efficient utilization of inputs. With the implementation of agricultural support policies, growth in farmer's income and the changes in agricultural production methods, global farm equipment industry is scaling new heights and promise healthy development in coming years.

Europe is the unprecedented leader in farm equipment market. However, Asia Pacific presents a huge market opportunity for this industry on the back of ameliorated economic conditions and better funds for investment in R&D of agriculture machinery. India and China constitute the largest markets for agricultural equipment in terms of unit sales, although typical equipment tends to be in the form of smaller horsepower, low-technology tractors with relatively low unit prices. These emerging economies have incessantly increased their production volumes and will continue to be the major drivers of the industry.

Growth in the global market for agricultural equipment is dependent on varied factors including economic scenario, weather and demand. Population growth is expected to fuel demand for agriculture produce, which in turn would lead to increase in demand for farm equipment. Rising standard of living and increasing personal disposable incomes in developing countries are expected to boost the demand for agricultural products and enhance the demand for protein rich foods. Further, governments in these countries are increasingly placing greater emphasis on enhancing productivity through automation or mechanizing traditional processes.

Key Topics Covered:

1. Farm Equipments: Overview

2. Farm Equipment Market Structure

3. Market Dynamics

4. Competitive Landscape

5. Company Profiles

6. Market Outlook

Companies Mentioned

- AGCO Corporation

- CNH Industrial NV

- John Deere

For more information visit http://www.researchandmarkets.com/research/7clp72/global_farm