Global Agricultural Plowing and Cultivating Machinery Market

  • KMI-168337
  • Sep 2017
  • 114 pages
  • Manufacturing and Construction
The practice of incorporating machinery for farming began in the 19th century in Britain and US, and has evolved over time. However, over the last century, farm and agri-equipment has witnessed mostly incremental innovation. Agricultural machinery manufacturers are at the forefront of change and evolution of the agriculture sector giving rise to modern day integrated farm management approach.

Ploughing and cultivation is the first procedure in the production line for growing crops. In this process, the soil is cultivated or ploughed to make it suitable for plant growth. While tractors and combine harvesters are most commonplace across the globe, ploughing and cultivating machinery is next to further reduce manual intervention in agriculture. Apart from increasing efficiency, mechanization in fertilization and planting increases precision.

This segment, currently worth US$ X billion, is expected to grow at a CAGR of 2.1% annually from 2017 to 2022. Shrinking agricultural land base, higher mechanization for better productivity and positive global agricultural outlook are some of the factors driving demand for ploughing and cultivating machinery. Government support in form of subsidies further would help the farming community in developing regions to readily adapt and use such machinery in farm land. Future growth of the market will be driven by better product mix through technological innovation, country specific product developments and new opportunities from countries like Africa. Crop price volatility and environmental concerns along with lack of awareness in some parts of the world are the major constraints for the sector.

Cultivators, harrows, hoes and ploughs are the major type of products used for cultivation which covers around 30% of the total offerings. While agricultural land mechanization started with US and European countries, importance of these regions is still there being mature markets. Asia pacific region is the fastest growing market due to strong economic growth and increasing focus on farm mechanization. Factors such as rising per capita income in rural regions, shortage of labour due to increased migration are additionally increasing usages of agricultural equipments like plouging and cultivating machinery in Asian countries. Country wise, China, India, Germany, France, US represent the largest ploughing and cultivation machine market while growth rate is stronger in Senegal, Vietnam, Bolivia, and Philippines etc.

This market is quite competitive with major players like Deere and Company, AGCO Corp., CNH Industrial N.V, Iseki & Co. Ltd., Kuhn Group, Kverneland Group and Escorts Group dominating the market place. Broadening the product line with a country specific customization approach will help companies in continuing growth.
1. INTRODUCTION
1.1 Research Methodology
1.2 Definition of the Market
1.3 Assumptions
2. KEY FINDINGS OF THE STUDY
3. MARKET DYNAMICS
3.1 Introduction
3.2 Drivers
3.2.1 Need for increased agricultural output to drive demand
3.2.2 Growth in demand from developing regions
3.2.3 Increased Utilization of larger agricultural equipments
3.3 Constraints
3.3.1 Lack of adapatbility/cultural practice
3.4 Opportunities
3.4.1 Vertical Tillage: A New Wave of Tilling Technique
3.4.2 Greater Adoption of Precision Farming
3.4.3 Surging tractor sales signals growth opportunities
3.5 Porter's Five Forces Analysis
3.5.1 Bargaining Power of Suppliers
3.5.2 Bargaining Power of Buyers
3.5.3 Threat of New Entrants
3.5.4 Threat of Substitute Products and Services
3.5.5 Degree of Competition
4. MARKET SEGMENTATION
4.1 By Product Type
4.1.1 Ploughs
4.1.2 Harrows
4.1.3 Cultivators
4.1.4 Tillers
4.1.5 Others
4.2 By Application Type
4.2.1 Soil Loosening
4.2.2 Clod Size reduction
4.2.3 Clod sorting
4.2.4 Compaction and consolidation
4.2.5 Smoothening
4.3 By Geography
4.3.1 North America
4.3.1.1 U.S.
4.3.1.2 Canada
4.3.1.3 Mexico
4.3.1.4 Others
4.3.2 Europe
4.3.2.1 Germany
4.3.2.2 U.K.
4.3.2.3 France
4.3.2.4 Spain
4.3.2.5 Italy
4.3.2.6 Others
4.3.3 Asia-Pacific
4.3.3.1 China
4.3.3.2 Japan
4.3.3.3 India
4.3.3.4 Australia
4.3.3.5 Others
4.3.4 South America
4.3.4.1 Brazil
4.3.4.2 Argentina
4.3.4.3 Other
4.3.5 Africa
4.3.5.1 South Africa
4.3.5.2 Others
5. Competitive Landscape
5.1 Mergers & Acquisitions
5.2 Joint Ventures
5.3 New Product Launches
5.4 Most active companies in the past five years
5.5 Market Share Analysis
6. Company Profiles
6.1 Bush Hog, Inc.
6.2 Deere & Company
6.3 AGCO Corporation
6.4 CNH Industrial N.V.
6.5 Kubota Corp
6.6 Kuhn Group (France)
6.7 LEMKEN Gmbh & Co. KG (Germany)
6.8 Miedema Agricultural Equipment B.V (Netherlands)
6.9 Kverneland ASA (Norway)
6.10 The Toro Company
6.11 Titan Machinery
6.12 GregoireBesson Group
6.13 SAME DEUTZ-FAHR
6.14 HORSCH
6.15 Landoll
6.16 Great Plains
6.17 Massey Ferguson
6.18 OPICO
6.19 McFarlane
6.20 Pöttinger UK
7. Appendix
7.1 Sources
7.2 Disclaimer

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