Agriculture Equipment Market 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.).
(PRWEB) December 04, 2014
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”, 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 spread through 220 pages and in-depth TOC on “Agriculture Equipment Market - Forecast to 2019”.
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The global agriculture equipment market is projected to grow at a healthy CAGR of 7.20% for the period between 2014 and 2019. The global agriculture equipment market is a highly fragmented one, where the top six players are estimated to acquire only 42.0% of the global market. These six players are Deere & Company (U.S.), AGCO Corp. (U.S.), CNH Industrial N.V. (U.K.), Iseki & Co., Ltd. (Japan), J.C. Bamford Excavators Limited (U.K.), Kubota Corporation (Japan), and Mahindra & Mahindra Limited (India). Out of these, Deere & Company (John Deere) was the market leader with a 17.5% market share..
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Deere & Company is a U.S.-based company which deals with the manufacture and distribution of agricultural, construction, and forestry equipment. The company has its operations spread across more than 30 countries in all of the major regions across the globe including the Americas, Europe, and Asia-Oceania; this includes its factories, offices, and other facilities. The agricultural segment of the company deals with tractors, combines, corn pickers, cotton and sugarcane harvesters, front-end equipment and sugarcane loaders, sprayers, soil preparation machinery, self-propelled forage harvesters and attachments, balers, mowers and precision agricultural irrigation equipment and supplies; landscape and nursery products; and other products.
Deere & Co. is concentrating on new product development in order to maintain its leadership in the market. For instance, in August 2014, the company announced that they had enhanced the 6D and 6R Series Tractors for the model year of 2015; the new enhancements would help increase the operational capabilities and performance of the tractors of this series. Two new transmissions were developed for 6D Series tractors; a 12/12 Power Reverser and an optional 24/12 Power Reverser Hi/Lo, which have the capability to provide more speed within a specific working range. Along with this, new transmission options would also allow operators to shift while in operation so as to cope with the changing field conditions and keep the engine’s RPM constant.
The strong research & development capabilities, world-wide presence, and diversified product offering in the agricultural equipment market make Deere & Company the leader among its peers. However, with a large number of regional players affecting the regional market, the global giants have not been able to fully capitalize on the large potential offered by this market.
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