0 items USD 0.00Top 10 Agricultural Equipment Manufacturers in World
Canadian Industry Statistics defines agriculture equipment/machinery, an industry which comprises establishments primarily engaged in manufacturing machinery for use in performing farm operations, such as the preparation and maintenance of soil; planting, harvesting or threshing; field spraying; and preparing crops for market; or for use in horticultural and residential lawn care.
1 . Global Agriculture Equipment Shipment Data
Agrievolution Alliance, the global voice for agriculture equipment manufacturers has recently launched the agriculture equipment shipment data.
The 2020 first quarter 12 Month Moving Index of worldwide farm tractor shipments index continues to decline since reaching its peak in the second quarter of 2018. When compared to a year earlier, the first quarter index in 2020 is down 9.4 percent, as depicted in the chart above. As noted previously, the Ag equipment industry has peaked as the phase of demand replacement within the overall business cycle tapers off.
If the Worldwide Combine shipments quarterly index follows the pattern of the previous four quarters, we would expect a spike to occur in the second quarter of 2020. However, given the unusual circumstances surrounding the global pandemic, we will have to wait and see. The first quarter of 2020 is down 11.4% from the first quarter of 2019. While the 12 Month Moving Average Index is down 16.6% from this time a year ago. The Agrievolution Alliance countries of the Netherlands and South Korea each experienced a 100% percent increase in the first quarter this year compared to last.
The worldwide index of Forage Harvester shipments was up 9.1 percent in the first quarter of 2020 compared to the same quarter in 2019, with the annual moving index also turning the corner in the first quarter of 2020 and moving up to 96.8% of the base year, which is still 9.3% less than a year ago. The Near East region led all regions with a triple-digit year over year growth increase of 166.6%.
Q1 2020 sales declined 3.9% compared to the same quarter in 2019, while the rolling 12-month index continued to soften to 129.7, as depicted in the worldwide Baler shipment index chart above. Turkey led the Alliance member countries with a triple-digit gain of 312.6 percent in year over year first quarter increase in 2020 while the 12 Month Moving Average slowly recovers from an all-time low point of 7.8% of the base year in the third quarter of 2019.
2 . Leading Agriculture Equipment Industry Players
The Agriculture Equipment market is dominated by Chinese, American, and European manufacturers. The financial information of Chinese manufacturers is not publicly available. The market share and other financial information of these companies will be covered in the below mentioned report.
1. John Deere
Deere & Company and its subsidiaries (collectively, John Deere) have operations that are segmented into three major business categories.
- The agriculture and turf segment primarily manufactures and distributes a full line of agriculture and turf equipment and related service parts. Revenue from this segment in FY 2019 was USD 24.1 billion.
- The construction and forestry segment primarily manufactures and distributes a broad range of machines and service parts used in construction, earthmoving, road building, material handling, and timber harvesting. Revenue from this segment in FY 2019 was USD 11.5 billion.
- The financial services segment primarily finances sales and leases by John Deere dealers of new and used agriculture and turf equipment and construction and forestry equipment.
U.S. and Canada remained the major revenue resource for the company which stands around USD 20.6 billion in FY 2019
2. CNH Industrial N.V.
CNH Industrial N.V. is a leading global capital goods company engaged in the design, production, marketing, sale, and financing of agricultural and construction equipment, trucks, commercial vehicles, buses, and specialty vehicles for firefighting, defense, and other uses, as well as engines, transmissions and axles for those vehicles and engines for marine and power generation applications.
Agriculture designs, manufactures, and distributes a full line of farm machinery and implements, including two-wheel and four-wheel drive tractors, crawler tractors (Quadtrac® ), combines, cotton pickers, grape and sugar cane harvesters, hay and forage equipment, planting and seeding equipment, soil preparation, and cultivation implements and material handling equipment. Agricultural equipment is sold under the New Holland Agriculture and Case IH brands, as well as the STEYR, Kongskilde, and Överum brands in Europe and the Miller brand, primarily in North America and Australia.
The Company's revenue in FY 2019 was USD 28.07 billion, in which the agriculture segment had contributed USD 11 billion.
3. AGCO Corporation
AGCO Corporation is a leading manufacturer and distributor of agricultural equipment and related replacement parts throughout the world. The company sells a full range of
agricultural equipment, including tractors, combines, self-propelled sprayers, hay tools, forage equipment, seeding and tillage equipment, implements, and grain storage and protein production systems.
agricultural equipment, including tractors, combines, self-propelled sprayers, hay tools, forage equipment, seeding and tillage equipment, implements, and grain storage and protein production systems.
AGCO Corporation's products are widely recognized in the agricultural equipment industry and are marketed under a number of well-known brands, including Challenger®, Fendt®, GSI®, Massey Ferguson®, and Valtra®. The company distributes most of its products through approximately 3,275 independent dealers and distributors in approximately 140 countries.
The company's Net sales for 2019 were approximately USD 9,041.4 million, or 3.3% lower than 2018, primarily due to decreased sales volumes in our South American and Asia/Pacific/African (“APA”) regions and the negative impact of currency translation.
4. CLAAS KGaA mbH
CLAAS KGaA mbH is a global agricultural machinery manufacturer based in Harsewinkel, Germany. The company's product range includes tractors, balers, mowers, rakes, tedders, silage trailers, wheel loaders, telehandlers, and other harvesting equipment.
CLAAS aims to expand its global market position across all relevant machinery segments. New, innovative tractor, combine harvester, forage harvester, and forage harvesting machinery are making a key contribution to this. Besides the core market in Europe, the growth strategy is also focused on North America, Eastern Europe, and Asia.
The CLAAS Group generated net sales of €3,898.0 million in the past fiscal year, up 0.2% on the prior year. The share of sales generated outside Germany amounted to 79.5%.
5. Changzhou Dongfeng Agricultural Machinery Group Co., Ltd.
Changzhou Dongfeng Agricultural Machinery Group Co. Ltd. manufactures agricultural machinery. The Company researches, designs, develops, produces, and markets tractors, diesel engines, rotary cultivators, harvesters, and related accessories. Changzhou Dongfeng Agricultural Machinery Group sells its products throughout the world.
DFAM products are marketed under four core brands in the global market: DF®, Dongfeng®, DFAM® for tractors, and Town Sunny® for farm implements. DFAM has successfully established the Dongfeng Europe Company in German and the Dongfeng USA Company in the USA for serving its users more closely. The extensive network of dealership ensures Dongfeng's presence in 105 countries all over the world, especially in Europe, Canada, Australia, Ukraine, Bangladesh, etc.
Agricultural Equipment Market Report provides competitive landscape including details by vendors, including company overview, company total revenue (financials), market potential, global presence, Agricultural Equipment sales and revenue generated, market share, price, production sites, and facilities, SWOT analysis, product launch.
6. Lovol Heavy Industry Co., Ltd.
Lovol is a large-scale industrial equipment manufacturing enterprise primarily engaging in agricultural equipment, construction machinery, vehicles, core components, financial services, and other businesses. Founded in 1998, the company now has total assets of 16.1 billion Yuan and 16, 000 employees. In 2014, the sales revenue has reached RMB21.98 billion Yuan and the brand value of LOVOL is evaluated to be RMB 26.498 billion by the World Brand Lab.
7. Changfa Agricultural Equipment Co., Ltd
Changfa Agricultural Equipment Co., Ltd is one of the three subsidiaries, it is a large agricultural equipment manufacturer refers to agricultural machine research and development, production and sales.
8. YTO Group Corporation
YTO has evolved into a leading agricultural and construction machinery manufacturer in China, serving clients around the world. With decades spent expanding our product lines, we are now able to provide a wide range of farm equipment, construction machinery, power machinery, and vehicles.
9. SDF Group
SDF is one of the world's leading manufacturers of tractors, harvesting machines, and diesel engines. It distributes products through the SAME, DEUTZ-FAHR, Lamborghini Trattori, Hürlimann, and Grégoire.
SDF has more than 3,800 employees and in 2019 the company recorded a revenue of € 1,268 million and an EBITDA of 8.7%.
10. Shandong Changlin Group
Established in 1986, the Shandong Changlin Group specializes in the production of construction and farm machines. The company's products include wheel loaders, road rollers, excavators, concrete mixers, power tillers, and diesel engines.
The tractor series range from 18-200 horsepower and different kinds of farming, planting, and harvesting machines are optional. The walking tractor series range from SH41-201.
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