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Canada Agricultural Machinery Market - Share, Trends, Growth, Forecast (2020 - 2025)

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Canada Agricultural Machinery Market 

The Canada agricultural industry is extensive and well developed, and the country is the sixth largest exporter of agricultural products. Canada's farm equipment industry, in-turn, is also sophisticated. Farm mechanization in Canada began in the mid-19th century with the establishment of local iron foundries, which stimulated development of farm implement factories. Currently, Canada is at the forefront of this segment, using intelligent farming equipment, including world-class air seeder, advanced spraying system, precision GPS seeding technologies and harvesting machinery. While it suffered from low demand for heavy machinery like tractors and combines in 2010, demand has since returned to pre-crisis levels, driven by the global farm demand. The Canada agricultural machinery market has been estimated at USD X billion in 2015 and is projected to reach USD X billion by 2021, at a CAGR of 13.97% during the forecast period from 2016 to 2021.

The farm tractor is the leading product segment in this market, accounting for a large portion of the total sales. Different products include combine harvesters, tractors, (tobacco) curers, ploughs, milking machines, trans-planters, drags, dusters, and more. Precision farming systems have helped to bring about improved accuracy, productivity, efficiency, as well as, reduced production cost on applications such as autotrac, yield mapping, variable rate fertilizing, variable rate planting/seeding and automated spray functions. These technologies are garnering the interest of commercial farmers in Canada. Most of the country’s manufacturing capability and expertise is located in Canada’s prime agricultural regions in Southwest Ontario, Quebec, and the Canadian Prairies.

Market Dynamics

The factors influencing the agro-machinery market in Canada are the trends in total demand, including domestic consumption due to population growth, and international trade due to exports, as well as, price sensitivity to innovations & technologies. Environmental constraints, fluctuating prices of farm commodities, erratic weather conditions, and labor availability also impact the agriculture market, which in-turn, influence the agro-machinery market. The year 2015 saw an almost 10 % drop in sales due to falling commodity prices and the implementation of the final phase of the new US standards for diesel engines.

Market Segmentation

The Canada agricultural machinery market has been segmented by product and phase type.

By Product and Phase Type:

  • Tractor
  • Plowing and Cultivating Machinery
  • Planting and Fertilizing Machinery
  • Harvesting Machinery
  • Haying and Forage Machinery
  • Irrigation Machineries

Key players in the Canada agricultural machinery market are:

  • Deere and Company
  • AGCO Corp.
  • CNH Industrial N.V
  • Iseki & Co. Ltd.
  • Kuhn Group
  • Kverneland Group
  • Escorts Group
  • Kubota Tractor Corp
  •  Claas KGaA & GmbH
  • Mahindra & Mahindra Ltd.
  • Tractors and Farm Equipment Ltd.
  • Same Deutz-Fahr Deutschland GmbH
  • Valmont Industries Incorporated
  •  WORLD Group Company Limited
  •  Yamabiko Corporation
  •  ZETOR TRACTORS
  • Massey-Ferguson Ltd. (now Varity Corp)
  • Versatile
  • International Harvester
  • White Farm Equipment Organization

Key Deliverables of the Study

  • Market analysis for the Canada agricultural machinery market, with region-specific assessments and competition analysis on various scales.
  • Market definition along with the identification of key drivers and restraints.
  • Identification of factors instrumental in changing the market scenario, rising prospective opportunities, and identification of key companies that can influence this market on a regional scale.
  • Extensively researched competitive landscape section with profiles of major companies along with their market share.
  • Identification and analysis of the macro and micro factors that affect the Canada agricultural machinery market on a regional scale.
  • A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.
  • A wide-ranging knowledge and insights about the major players in this industry and the key strategies adopted by them to sustain and grow in the studied market.
  • Insights on the major countries/regions where this industry is growing and identify the regions that are still untapped.

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