(MENAFN- GlobeNewsWire - Nasdaq)
Dublin, May 13, 2022 (GLOBE NEWSWIRE) -- The 'Global Agriculture Equipment Market - 2022-2026 - Market Backdrop & Landscape, OEMs' Strategies & Plans, Key Trends, Strategic Insights, Growth Opportunities and Market Outlook & Forecast' report has been added to ResearchAndMarkets.com's offering.
The report analyzes and provides critical insights into key industry, market & technology trends likely to shape the future of the Global Agriculture Equipment market over near to medium term followed by outlining emerging, potential growth opportunities.
The Global Agriculture Equipment market has been doing fairly well while maneuvering a difficult terrain marked by serious logistical & supply chain challenges caused by the pandemic and the ongoing war in Ukraine while also facing rising input as well as material costs apart from labor force disruptions impacting operations across industry OEMs and causing demand to outpace supply across most key product segments.
The demand for agriculture equipment has been in a marked upswing phase powered by higher agriculture commodity prices & favorable farm economics across most key markets with net farm incomes in the U.S. growing by almost 25% year-on-year for 2021 with above average forecasts for farm sector profits for 2022 with global economy striving to make a comeback from the COVID-19 pandemic. The net cash receipts from the sale of agricultural commodities are also likely to grow by almost 7% for 2022.
The industry, however, continues to make steady progress towards development of a range of sustainable technologies geared towards de-carbonization of agriculture over long term while continuing the development of disruptive technologies and innovative services & business models configured on connectivity & autonomy.
However, uncertainty over the likely direction of the pandemic & rising inflation levels necessitating monetary policy tightening are likely to be a major concern for the industry. Further, a decrease in direct government payout over COVID-19 relief in 2022 and an increase in production expenses are likely to impact & partially offset the same.
Overall, demand for agriculture equipment is projected to maintain its overall growth momentum across most key global markets in 2022. The long term market fundamentals for agriculture remain robust and firmly in place with the global agriculture output needed to double itself by 2050 to sustain the projected population growth rate & trend with a crucial role likely to be played by mechanization & technological evolution by the industry.
Report Excerpts:
- John Deere & Kubota effectively harnessing & leveraging startups' technological capabilities & edge to drive innovation and development of cutting edge products, services & solutions
- Analysis of CNH Industrial's Clean Energy Leader Strategy focused on sustainable farming & agriculture and Transform 2 Win Strategy for 2020-2024 focused on boosting efficiency & profitability
- John Deere & CNH's pursuit of acquisition-led inorganic growth strategies aimed at portfolio expansion
- AGCO's focus on development of self-propelled equipment in the application technology product line-up and expansion of precision planting portfolio with a foray into sprayer segment
- Higher agriculture commodity prices & favorable farm economics driving demand for new agriculture equipment
- Above-average forecasts for farm sector profits for 2022 with net cash receipts from the sale of agricultural commodities likely to grow by almost 7% for 2022
- Lower direct government payout over COVID-19 relief in 2022 and an increase in production expenses are likely to impact farm profitability
Relevance & Usefulness: The report will be useful for:
- Strategic Planning & Decision-Making process
- Identification of & Insights into Potential Growth Opportunities & Avenues
- Market Evolution & Demand Growth Projections
- Assessing potential impact of emerging Market Trends & Developments
- Contingency planning for current Strategies & Programs
- Identifying & highlighting areas for making potential Strategic Changes, Adjustments & Realignment
- Analysis of Key Industry Trends, Issues & Challenges, Risk Factors & Market Outlook for 2022
Key Topics Covered:
Section 1: Global Agriculture Equipment Market - Introduction & Market Overview
Section 2: Market Landscape - Top Players - Business & SWOT Analysis
- Deere & Co.
- CNH Industrial N.V.
- AGCO Inc.
- CLAAS Group
- SDF Group
- Kubota Corporation
Section 3: Global Agriculture Equipment Industry - SWOT Analysis
3.1 Strengths to Leverage
3.2 Weaknesses to Overcome
3.3 Opportunities to Capitalize Upon
3.4 Threats to Negate & Overcome
Section 4: Key Industry Trends
Section 5: Key Market Trends
Section 6: Key Technology Trends
Section 7: Key Issues, Challenges & Risk Factors
Section 8: Potential Growth Opportunities
Section 9: Business, Growth and Other Strategies for Key Industry OEMs
- Deere & Co.
- CNH Industrial N.V.
- AGCO Inc.
- CLAAS Group
- SDF Group
- Kubota Corporation
- Scope of Analysis Covers:
- Product Portfolio Strategies & Plans
- Market Specific Strategies & Plans
- R&D Strategies & Plans
- Growth Strategies & Plans
- Business and Corporate Strategies & Plans
- Sales & Marketing Strategies & Plans
- Production/Manufacturing Strategies & Plans
- Financial Strategies & Plans
- Acquisitions, Strategic Alliances & JVs
- Other Strategies & Strategic Initiatives
Section 10: Global Agriculture Equipment Market - Force Field Analysis - Analysis of Driving & Restraining Forces and their Overall Dynamics
- Driving Forces
- Restraining Forces
Section 11: Global Agriculture Equipment Market - Outlook for 2022
Section 12: Global Agriculture Equipment Market - Strategic Market Outlook & Demand Growth Projections
- Analysis of Emerging Market Scenario
- Demand Outlook
- Growth Drivers
- Demand Forecast & Growth Projections for Agriculture Equipment - Near to Medium Term
Companies Mentioned
- Deere & Co.
- CNH Industrial Inc.
- AGCO Inc,
- CLAAS Group
- SDF Group
- Kubota Corporation
For more information about this report visit
Tags Precision Planting Sprayer
MENAFN13052022004107003653ID1104207428
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.