Global Farm Equipment Market Report:
2013 Edition
With
the advent of novel technology, companies operating in the agriculture realm
are now scaling new heights. Also the very broad industry is boosted by the
rising population, ever escalating requirement for food and food grain
production, demand for mechanization and rapidly evolving surrounding
environment among others.
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Agricultural
or farm equipments comprise a wide range of machines and tools which assist the
various farming processes required to enhance the output as well as the quality
of crops. A discernible facet of the sky rocketing demand for meliorated
agricultural production, fundamental to the human survival, is the technological
advancement and novel innovation. This in turn is promoting the development of
modern machinery and tools well suited for varied agricultural needs. The farm
equipment industry is not only climbing the growth ladder at a swift pace, but
also playing a crucial role in the global economy.
Europe
and North America are at the reins of the global farm equipments industry. On
the other hand, the emerging countries have been demonstrating impressive
growth on the back of ameliorated economic conditions and better funds for
investment in R&D of agriculture machinery. Considering the present
scenario, Asia Pacific region presents the golden opportunity for farm
equipment manufacturers as it is most rapidly evolving and growing market for
the same, world over. The very region is poised to witness remarkably
tremendous expansion in the agricultural machinery sector, primarily on account
of augmented demand for farm mechanization and the mounting population.
Furthermore, the developing nations, world over, are notably supported by their
respective presidiums as they are provided with substantial funds and
assistance for the betterment of agricultural productivity through farming
process automation.
The
global farm equipment market is fiercely competitive with three key players
viz. John Deere, AGCO Corporation, and CNH Global NV, accounting for the mass
share in the market. These firms chiefly compete on the basis of product
features, quality, and pricing; scale of distribution; and technological
innovation, among other such factors.
This
report analyzes the global farm/agricultural equipments market, covering the
regions including the Americas, Europe, Asia, Turkey and Russia. Furthermore,
in addition to market dynamics such as industry growth driver and challenges;
the competitive landscape and company profiles of leading industry players are
also discussed herein.
By
combining SPSS Inc.’s data integration and analysis capabilities with our
relevant findings, we have predicted the future growth of the farm equipment
industry. We employed various significant variables that have an impact on this
industry and created regression models with SPSS Base to determine the future
direction of the industry. Before deploying the regression model, the
relationship between several independent or predictor variables and the
dependent variable was analyzed using standard SPSS output, including charts,
tables and tests.
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