by Matthew Grassi, AgWeb.com
The global agriculture equipment market is currently valued at $181 billion (USD) and is expected to grow by 4% over the next eight years. That’s according to a recent analysis from global consulting firm IMARC Group.
While IMARC Group pegs Asia-Pacific as the leading region for farm equipment manufacturing market share, it would stand to reason most of those machines are being sold to farmers in that region. The farm equipment U.S. farmers use is most commonly built in Europe, North America and South America.
Brand Breakdown
For example, John Deere’s manufacturing footprint is mainly based in North America. Of the 60 John Deere machines relevant to row-crop producers, 50 of them (83%) are manufactured in North America. Drilling down further, the three states with the largest John Deere manufacturing presence are:
*Iowa at 61%
*North Dakota at 17%
*Illinois at 15%
Case IH builds 66% of its row-crop machines throughout North America, while 24% of them are manufactured in Europe.
Fellow CNH brand New Holland maintains a fairly balanced manufacturing presence between Europe (30%) and North America (43%).
To download a printable version of the table above click here.
