Agricultural Equipment Finance Market to grow at a CAGR of 5.24%|Evolving Opportunities with Adani Group, Agricultural Bank of China Ltd. & Bank of America Corp. | 17000+ Technavio Reports

NEW YORK, Jan. 12, 2022 /PRNewswire/ -- Technavio's latest offering, Agricultural Equipment Finance Market report provides a detailed analysis of the competitive scenario, trends, drivers, challenges, and the market growth across various regions. 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

The agricultural equipment finance market is estimated to grow by USD 135.91 billion from 2020 to 2025, growing at a CAGR of 5.24% as per the latest market report by Technavio.

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Market Dynamics

Factors such as quick and easy access to credit, increase in farm equipment renting, and the increase in government initiatives will drive the growth of the Agricultural Equipment Finance Market. However, the impact of a turbulent economic and political environment might hamper the market growth.

Company Profiles

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. The agricultural equipment finance market report includes information on the product launches, sustainability, and prospects of leading 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.

Few companies with key offerings

• Adani Group - The company offers financial services for agricultural equipment that includes various machinery for soil cultivation, tractors, balers, field cultivators, and many more, under the brand name of Adani Capital.
• Agricultural Bank of China Ltd. - The company offers financial services for agricultural equipment by enhancing competitive advantage, integrated banking, and financial solutions, under the brand name of Agricultural bank of China.
• Bank of America Corp. - The company offers financial services for agricultural equipment that includes tractors, rowers, field cultivators, seeders, planters, and many more, under the brand name of Bank of America.
• Barclays Bank Plc - The company offers financial services for agricultural equipment that includes providing agriculture equipment, mortgages, short-term finance to help through challenging markets, under the brand name of Barclays.
• BNP Paribas SA - The company offers financial services for agricultural equipment that helps the farmers to grow their business by adapting to the seasonal nature of this market, under the brand name of BNP Paribas Leasing Solutions.

Competitive Analysis

The competitive scenario provided in the agricultural equipment finance market report analyzes, evaluates, and positions companies based on various performance indicators. Some of the factors considered for this analysis include the financial performance of companies over the past few years, growth strategies, product innovations, new product launches, investments, growth in market share, etc.

Market Segmentation

• By Type, the market is classified into lease, loan, and line of credit.
• By Geography, the market is classified as North America, APAC, Europe, South America, and MEA.

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