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Agricultural Equipment Finance Market by Type and Geography - Forecast and Analysis 2021-2025

  • Published: Jan 2022
  • Pages: 120
  • SKU: IRTNTR71878
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The agricultural equipment finance market share is expected to increase by USD 135.91 billion from 2020 to 2025, and the market’s growth momentum will accelerate at a CAGR of 5.24%.

This agricultural equipment finance market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers agricultural equipment finance market segmentation by type (lease, loan, and line of credit) and geography (North America, APAC, Europe, South America, and MEA). The agricultural equipment finance market report also offers information on several market vendors, including Adani Group, Agricultural Bank of China Ltd., Bank of America Corp., Barclays Bank Plc, BNP Paribas SA, Citigroup Inc., De Lage Landen International BV, Deere and Co., JPMorgan Chase and Co., and Wells Fargo and Co. among others.

What will the Agricultural Equipment Finance Market Size be During the Forecast Period?

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Agricultural Equipment Finance Market: Key Drivers and Trends

The quick and easy access to credit is notably driving the agricultural equipment finance market growth, although factors such as the impact of turbulent economic and political environment may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the agricultural equipment finance industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Agricultural Equipment Finance Market Driver

One of the key factors driving growth in the agricultural equipment finance market is the quick and easy access to credit. Agricultural equipment finance provides quick and easy access to credit, unlike traditional financial institutions, which may take more than a day to complete the paperwork for the loan application. Many banks also have policies that encourage them to provide loans to farmers due to government support. Unlike banks, which assess the credit rating of businesses and individuals to check their creditworthiness, alternative finance relies on the transaction history of farmers and their ability to generate profit. Therefore, the process of funding becomes quick and simple. The growth of online finance platforms has also simplified access to funds for the agricultural sector participants. Hence, quick and easy access to loans will drive the growth of the global agricultural equipment finance market during the forecast period. 

Key Agricultural Equipment Finance Market Challenge

The impact of a turbulent economic and political environment will be a major challenge for the agricultural equipment finance market during the forecast period. The banking sector is currently being affected by the ongoing economic and political disruptions in various parts of the world. Such disruptions are hindering the growth of agricultural equipment finance businesses. In addition, many nations are facing economic imbalances, which is resulting in inadequate economic momentum and unstable growth of the banking sector. All these factors exert a negative effect on the financial market in the form of limited capital flow and exchange rate instability. Geopolitical tensions are leading to trade disruption and volatile market growth of agricultural equipment in emerging nations, along with slow economic recovery in Western nations. Managing credit risk is essential while passing an agricultural loan. Such factors are restricting the growth of the global agricultural equipment finance market.

This agricultural equipment finance market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Who are the Major Agricultural Equipment Finance Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • Adani Group
  • Agricultural Bank of China Ltd.
  • Bank of America Corp.
  • Barclays Bank Plc
  • BNP Paribas SA
  • Citigroup Inc.
  • De Lage Landen International BV
  • Deere and Co.
  • JPMorgan Chase and Co.
  • Wells Fargo and Co.

 

This statistical study of the agricultural equipment finance market encompasses successful business strategies deployed by the key vendors. The agricultural equipment finance market is fragmented and the vendors are deploying growth strategies such as focusing on offering innovative ways and low-interest rates for agricultural equipment finance to compete in the market.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The agricultural equipment finance market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Agricultural Equipment Finance Market?

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46% of the market’s growth will originate from APAC during the forecast period. China and India are the key markets for agricultural equipment finance in APAC. Market growth in APAC will be faster than the growth of the market in other regions.

The high growth potential and the significant contribution by the agricultural sector to the GDP in countries such as India, China, and Bangladesh will facilitate the agricultural equipment finance market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

What are the Revenue-generating Type Segments in the Agricultural Equipment Finance Market?

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The agricultural equipment finance market share growth by the lease segment will be significant during the forecast period. The use of rental equipment is becoming a trend in regions such as North America, Western Europe, and APAC. This is because of the cost-effectiveness of the rental equipment and the pay-per-use option offered by the lender of agricultural equipment. 

This report provides an accurate prediction of the contribution of all the segments to the growth of the agricultural equipment finance market size and actionable market insights on post COVID-19 impact on each segment.

 

Agricultural Equipment Finance Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 5.24%

Market growth 2021-2025

$ 135.91 billion

Market structure

Fragmented

YoY growth (%)

4.35

Regional analysis

North America, APAC, Europe, South America, and MEA

Performing market contribution

APAC at 46%

Key consumer countries

US, UK, Germany, China, and India

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

Adani Group, Agricultural Bank of China Ltd., Bank of America Corp., Barclays Bank Plc, BNP Paribas SA, Citigroup Inc., De Lage Landen International BV, Deere and Co., JPMorgan Chase and Co., and Wells Fargo and Co.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period

Customization purview

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What are the Key Data Covered in this Agricultural Equipment Finance Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive agricultural equipment finance market growth during the next five years
  • Precise estimation of the agricultural equipment finance market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the agricultural equipment finance industry across North America, APAC, Europe, South America, and MEA
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of agricultural equipment finance market vendors

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Executive Summary

    Market Landscape

    • Market ecosystem
    • Value chain analysis

    Market Sizing

    • Market definition
    • Market segment analysis
    • Market size 2020
    • Market outlook: Forecast for 2020 - 2025

    Five Forces Analysis

    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition

    Market Segmentation by Type

    • Market segments
    • Comparison by Type
    • Lease - Market size and forecast 2020-2025
    • Loan - Market size and forecast 2020-2025
    • Line of credit - Market size and forecast 2020-2025
    • Market opportunity by Type

    Customer landscape

      Geographic Landscape

      • Geographic segmentation
      • Geographic comparison
      • North America - Market size and forecast 2020-2025
      • APAC - Market size and forecast 2020-2025
      • Europe - Market size and forecast 2020-2025
      • South America - Market size and forecast 2020-2025
      • MEA - Market size and forecast 2020-2025
      • Key leading countries
      • Market opportunity by geography
      • Market drivers
      • Market challenges
      • Market trends

      Vendor Landscape

      • Vendor landscape
      • Landscape disruption

      Vendor Analysis

      • Vendors covered
      • Market positioning of vendors
      • Adani Group
      • Agricultural Bank of China Ltd.
      • Bank of America Corp.
      • Barclays Bank Plc
      • BNP Paribas SA
      • Citigroup Inc.
      • De Lage Landen International BV
      • Deere and Co.
      • JPMorgan Chase and Co.
      • Wells Fargo and Co.

      Appendix

      • Scope of the report
      • Currency conversion rates for US$
      • Research methodology
      • List of abbreviations

      Research Framework

      Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

      TechnavioINFORMATION SOURCES

      Primary sources

      • Manufacturers and suppliers
      • Channel partners
      • Industry experts
      • Strategic decision makers

      Secondary sources

      • Industry journals and periodicals
      • Government data
      • Financial reports of key industry players
      • Historical data
      • Press releases
      Technavio

      TechnavioDATA ANALYSIS

      Data Synthesis

      • Collation of data
      • Estimation of key figures
      • Analysis of derived insights

      Data Validation

      • Triangulation with data models
      • Reference against proprietary databases
      • Corroboration with industry experts
      Technavio

      TechnavioREPORT WRITING

      Qualitative

      • Market drivers
      • Market challenges
      • Market trends
      • Five forces analysis

      Quantitative

      • Market size and forecast
      • Market segmentation
      • Geographical insights
      • Competitive landscape
      Interested in this report?
      Get your FREE sample now!
      The agricultural equipment finance market growth will increase by $135.91 billion during 2020-2025.
      The agricultural equipment finance market is expected to grow at a CAGR of 5.24% during 2020-2025.
      Technavio has segmented the agricultural equipment finance market by type (Lease, Loan, and Line of credit) and geographic (North America, APAC, Europe, South America, and MEA).
      Adani Group, Agricultural Bank of China Ltd., Bank of America Corp., Barclays Bank Plc, BNP Paribas SA, Citigroup Inc., De Lage Landen International BV, Deere and Co., JPMorgan Chase and Co., Wells Fargo and Co. are a few of the key vendors in the agricultural equipment finance market.
      APAC will register the highest growth rate of 46.02% among the other regions. Therefore, the agricultural equipment finance market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
      The key factors driving the agricultural equipment finance market growth are:
      • Quick and easy access to credit
      The agricultural equipment finance market vendors should focus on grabbing business opportunities from the lease segment as it accounted for the largest market share in the base year.
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