Global Agricultural Equipment Finance Market to Grow at a CAGR of 3.61% to 2020

Posted on adds “Global Agricultural Equipment Finance Market 2016-2020” new report to its research database. The report spread across 58 pages with table and figures.

The research analysts forecast the global agriculture equipment finance market to grow at a CAGR of 3.61% during the period 2016-2020. Equipment financing refers to the credit, including leasing, government loans, and other small business administration loans, which are disbursed to different businesses in the automotive, construction, agriculture, and other industries. It also includes sale and leaseback, which help individual customers raise cash for equipment purchase by selling off collateralized existing equipment.

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The interest rate on the credit depends on whether a customer has opted for equipment loan or lease, but the maturity term depends on the equipment’s life. In case of loan, once the credit is repaid, the instrument or machine belongs to the buyer. If it is leased, then the funder or the financial institution is the owner of the equipment, but the buyer can use it during the lease period.

The report covers the present scenario and the growth prospects of the global agricultural equipment finance market for 2016-2020. To calculate the market size, the report considers total financing of agricultural equipment offered to the end-users in the Americas, APAC, and EMEA.

Technavios report, 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.

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Key vendors
– Agricultural Bank of China Ltd.
– BNP Paribas SA
– JP Morgan & Chase Co.
– Deere & Co.
– Wells Fargo & Co.

Other prominent vendors
– KeyCorp
– PNC Financial Services Group
– Banc of America

Market driver
– Rise in use of rental equipment
– For a full, detailed list, view our report

Market challenge
– Lack of trained workers in agriculture
– For a full, detailed list, view our report

Market trend
– Increased dominance of banking institutions
– For a full, detailed list, view our report

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