Agriculture and Forestry Machinery Market Research –2013 – 2019

Agriculture is undoubtedly one of the ground-breaking revolutions in the history of the world. With the passage of time, and improvement in applied technology, machineries have become an indispensable part of agriculture and forestry. A large variety of equipments like bed-tillers, harrows, cultivators, sprayers, rotators, de-stoners, drillers, tractors etc. are extensively used in agriculture, while forestry equipments include chain-saws, harvesters, trailers, winches, chippers, and skidder cranes. These machineries and equipments help to increase work efficiency and precision.

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The market for agriculture and forestry machinery has recently seen high growth, and the same trend is expected to follow in the next five years. The Asia-Pacific region showed unparalleled growth, accounting for more than double the demand from the rest of the world. China is expected to outgrow the USA in terms of equipment production and export. Brazil and India are also expected to sustain their phenomenal increase in demand as well as production. The EU has also sustained slow growth, mainly due to the demand from Germany, France, and Italy. Russia also witnessed a strong growth in tractor sales. Asia and Eastern-Europe are expected to drive the growth in the demand for agriculture and forestry equipment.

One of the primary drivers for this market is the rapidly expanding population in Asian countries, driving the need for increased agriculture output. With the governments pressing for mechanized agriculture, it is natural for this market to grow and technology is another driver for this market. Better products developed for increased operational efficiency in the agricultural land or the forests drive its sales. Forest cover is reduced to accommodate people in ever expanding cities. Also, there is a huge demand for timber-woods and forest biomass in the EU and the USA,...