It is estimated that by 2014, the global market for agricultural equipment will grow by 4.5% per year, reaching 123 billion dollars, according to a new report released in early august of Freedonia
Market development is accelerating due to mechanization of the agricultural sector in developing countries, especially in densely populated regions such as China and India. Agriculture in these countries is still inefficient mechanical, compared with developed countries.
Moreover, robust economic growth in both countries can sustain such growth, especially that the consumption of agricultural products per capita is growing.
Apart from China and India and other developing nations with huge agricultural potential, such as Brazil, Indonesia, Russia and Thailand recorded the highest growth of the agricultural sector, following the mechanization of agriculture and increase farmers' incomes.
Agricultural machinery market in Western Europe will grow easier, due to the expected reduction in EU budget post-2013 CAP change perspective, but also due to its number of inhabitants.
Both the United States and Western Europe will be negatively affected by the ongoing trend of trade liberalization and reducing protectionist measures such as national subsidies for farmers and tariffs on agricultural imports. Brazil and Russia are the main countries that will benefit from increased opportunities to export agricultural products.
Delivery "gold" for Challenger
Challenger celebrated the sale of the 500-th crawler tractor, Italy, by delivering a MT765C with gold. The tractor was delivered proud owner, contractor and farmer in the village of San Bartolomeo, during a ceremony July 18, at the Challenger in Parma, Italy.
A true fan of crawler tractors for Gulinelli Luigi is the sixth Challenger bought. His first model was MT765, purchased from dealer Macchine Reni in Bologna in 2005.
Challenger has a market share of 75% of the Italian market for crawler and 23% of the total market for all tractors 270-570 hp power segment.
Massey-Ferguson 7600 Series new models
With the launch of four new models of 7600 Series from Massey Ferguson (MF), prospective owners can choose from Dyna-6 transmission Semi-Powershift or automatic transmission Dyna-VT. Both versions will use AGCO Sisu engine equipped with SCR technology that meets IIIB emission gas regulations.
Models 7619 (185 hp), 7620 (200 hp) and 7622 (215 hp) is equipped with a 6.6 liter engine and Dyna-VT transmission, while 7624 tractor (235 hp) has the Dyna-6 transmission with The 7.4-liter engine.
The new models come with Semi-Powershift gearbox, power increased by 20-25 hp.
New models will feature three specification levels: Essential, Efficient and Exclusive. Essential level will be equipped only with Dyna-6 transmission and will have transmission control console mounted T-Bar.
Efficient level has new command mode Command Control Arm with T-Bar handle with option to upgrade to a joy-stick multifunction. Exclusive level has a joystick MultiPad (photo) positioned in front of the armrest with multifunctional joystick option.
Compared with the models 6400/7400, the cabin was redesigned, now having curved windshield to improve visibility, and a new additional lighting. The overall design of the car is improved and the seat can be swiveled to the side. There is also the option for a mechanical or hydraulic cab suspension.
AGCO is investing in China for the production of tractors
AGCO Group will invest nearly $ 350 million in design and manufacture of tractors in China, said Martin Richenhagen, president and CEO of the corporation. The investment will include the design and construction of a factory for assembling tractors up to 125 hp and components. Plant construction can begin in October and by the end of 2012 will be produced first tractors.
The company has acquired land for the project but its location was not disclosed.
In April this year, AGCO announced its intention to acquire a 80% of Shandong Dafeng Machinery Co. to add to its portfolio of products for the Chinese market, machines for harvesting corn, grain, rice and soybeans.
CNH - net sales, up
CNH Global NV announced financial results for the quarter ended June 30, 2011. Thus, net sales rose 24% to $ 4.9 billion due to improved terms of trade for agricultural equipment and higher demand in each region.
Of the total sales of agricultural machinery rose 22% to $ 3.9 billion. From construction equipment growth was 30% and reached $ 1 billion. Equipment net sales growth for the second quarter was 79% for agricultural equipment and 21% for construction machinery.
Geographical distribution of revenues for this period was 42% in North America, 35% in Europe and the CIS states and 15% in Latin America and North America.
For 2011, CNH Group's objectives are: modernization of production, revenue growth of 15-20% and an operating margin of approx. 7.1 to 7.9%.
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