DUBLIN, May 24, 2016 /PRNewswire/ --
Research and Markets has announced the addition of the "Global Agricultural Equipment Finance Market 2016-2020" report to their offering.
The global agriculture equipment finance market to grow at a CAGR of 3.61% during the period 2016-2020.
Global Agricultural Equipment Finance Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Banks are currently dominating the agricultural equipment finance market. The credibility that comes with banks has made it a preferred choice of finance for the majority of the loan-seeking individual customers. Banks are highly regulated, and therefore, become a reliable choice for customers. Since the credit market is still recovering from economic slump of 2008, we expect the interest rates to be low during the forecast period. The fall in the interest rate adds to the weightage given to banks for being a potential financer; low interest rate attracts more small farmers in particular as it helps them hold on to their cash balances and exhibit growth to investors.
According to the report, renting an equipment is a cost effective option for farmers as it enables them to use the latest machinery without incurring huge expenses. The growing number of rental dealers is encouraging financing companies to fund well-maintained quality equipment. These factors have propelled the expansion of the renting business.
Further, the report states that shortage of skilled workers in agricultural firms is one of the biggest challenge faced by the agriculture industry.
- Agricultural Bank of China Ltd.
- BNP Paribas SA
- JP Morgan & Chase Co.
- Deere & Co.
- Wells Fargo & Co.
Other prominent vendors
- PNC Financial Services Group
- Banc of America
Key Topics Covered:
PART 01: Executive summary
PART 02: Scope of the report
- Market overview
- Top-vendor offerings
- Other prominent vendors
PART 03: Market research methodology
- Research methodology
- Economic indicators
PART 04: Introduction
- Key market highlights
- About agriculture equipment finance
- Advantages and disadvantages of equipment finance
- Equipment offered on credit
PART 05: Market landscape
- Market overview
- Market size and forecast
- Five forces analysis
PART 06: Geographical segmentation
- Geographical segmentation 2015
- Geographical segmentation 2020
PART 07: Market drivers
- Growth of investments in agricultural sector
- Rise in use of rental equipment
Replacement of outdated agricultural equipment
Stability in federal budgeting to drive growth in the US
Different finance mechanisms
Renewal of equipment contracts
PART 08: Impact of drivers
PART 09: Market challenges
Sluggish economic growth
Lack of trained workers in agriculture
Fluctuations in agricultural equipment market
Costlier bank lending rates
Less-developed equipment finance market
- Lack of collateral
PART 10: Impact of drivers and challenges
PART 11: Market trends
- Increased dominance of banking institutions
- Movement of assets through asset-based lending
- Farmers' special financing program in the US
PART 12: Vendor landscape
- Competitive landscape
- Competition analysis
PART 13: Appendix
For more information visit http://www.researchandmarkets.com/research/qwdjbn/global
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SOURCE Research and Markets