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Agriculture Equipment .

Published July, 2018
Asia-Pacific Agriculture Equipment Market- Size, Trends, Competitive Analysis and Forecasts (2019-2024)

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Asia-Pacific is the fastest growing region in the world in terms of economy. It is also the largest region and accounts for the largest share of the population in the world. Overall these years, the agriculture industry has been at the forefront of the economic growth of many countries in the Asian region. It is only since the last two decades, the contribution of agriculture to the GDP of many leading Asian countries has considerably reduced mainly because of increasing industrialization and urbanization. However, agriculture is still a highly important sector in the Asia-Pacific region. The population growth in Asia very high. Due to the reducing agriculture output, the gap between the supply and demand for food is continuously increasing. In order to feed the increasing population in the region, the need to expand the crop production volume is highly necessary. Thus, the demand for agriculture equipment to enhance crop production efficiency is increasing rapidly.

Asia-Pacific contributes to around one-fourth of the total agriculture equipment market in the world, the market value of which is recorded at $29.1 billion in 2018. There are a number of factors that drives the agriculture equipment market in the region. Some of these major reasons include increasing income of most of the middle- and lower-income farmers in the region who can afford agriculture machinery, increasing push from the Government for farm mechanization, growing number of subsidies and loan to the farmers on agriculture equipment and consolidation in the agriculture industry in the region which leads to the demand of higher productivity in order to match the demand for more food. The demand and popularity of the combined machine of fertilizing, scarifying and seeding are very high. Also, the demand for minerals fertilizer applicator, harvester and the plough are also significant. Large ticker equipment’s such as harvesters and tractors are dominated by multinational companies and small and medium-sized manufacturers acquire a major share in supply of small equipment.

China captures the largest share of agriculture equipment market followed by Japan and India. However, Japan has the highest level of farm mechanization compared to the other countries in the region. Due to the conducive foreign investment policies in India and China, both of these countries provide huge opportunities for the growth for the multinational equipment manufactures. Moreover, countries like Thailand and Indonesia also possess huge growth opportunities in the region. Major restraints that hinder the growth of Asia-Pacific agriculture equipment market include a heavy reliance on skilled human resources, undefined regulatory structure against the use of latest machinery and low purchasing power of farmers. The leading players involved in the market include Mahindra and Mahindra Ltd., Iseki & Co. Ltd, Deere and Company and others. The competition in the industry is currently moderate, however, with rising need to boost the crop productivity, the demand of agriculture machinery will rise resulting in increasing number of new entrants in the industry. This along with the increasing investment of major global producers will intensify the competition in the market.

Key Deliverables

  • Market trends since 2015 and five-year forecasts of market growth 
  • Detailed analysis of the micro and macro elements influencing demand trends
  • Identifying opportunity spaces across segments and countries  
  • Supply & demand side trend and analysis
  • Price trend analysis, investment prospects and competition pattern
  • Insights on growth potential of the market
  • Detailed analysis of major producers covering financial investments & strategies adopted
  • Competitive landscape of the industry

 

1. Introduction                                                                                     

          1.1 Research Methodology                                                                     

          1.2 Scope of the Study                                                                          

          1.3 Assumptions                                                                         

2. Summary                                                                               

          2.1 Market Summary By Type                                                                          

          2.2 Market Summary by Geography                                                                            

3. Industry Dynamics                                                                            

          3.1 Drivers                                                                       

                   3.1.1 Growing access to subsidies and credits for Farm Machinery in Asia       

                   3.1.2 Push for agriculture mechanization from policy makers                        

                   3.1.3 Focus to increase cropping intensity                                                 

                   3.1.4 Dwindling agriculture labourers due to Urbanization                             

          3.2 Restraints                                                                   

                   3.2.1 Diminishing area under agriculture                                                    

                   3.2.2 Increased number of fragmented landholding in Asia                                     

                   3.2.2 Consolidating farmland under contract farming & co-operatives             

          3.3 Opportunities                                                                        

                   3.3.1 Growing emphasis on Precision farming                                             

                   3.3.2 Hill Agriculture                                                           

                   3.3.3 Gender friendly tools and Equipments                                                         

                   3.3.4 Crop Specific Package of machines                                                  

          3.4 Porter’s Five Forces Analysis                                                                       

                   3.4.1 Bargaining power of Suppliers                                                         

                   3.4.2 Bargaining power of Buyers                                                            

                   3.4.3 Degree of Competition                                                         

                   3.4.4 Threat of Substitution                                                          

                   3.4.5 Threat of new entrants                                                                  

          3.5 Future Trends in the Industry                                                                      

          3.6 Value Chain Analysis                                                                        

          3.7 Industry Policies & Regulations                                                                    

          3.8 Market Innovations                                                                         

4. Market Size and Forecast                                                                             

          4.1 Tractors                                                                     

                   4.1.1 Utility Tractors                                                          

                   4.1.1.2.2 Row crop tractors                                                          

                   4.1.1.2.3 Garden & Orchard type Tractor                                                  

                   4.1.1.2.4 Orchard Tractor                                                             

                   4.1.1.2.4 Rotary Tillers                                                                 

                   4.1.1.2.4 Others                                                                

          4.2 Plowing and Cultivating Machinery                                                                

                   4.2.1 Ploughs                                                          

                   4.2.2 Harrows                                                         

                   4.2.3 Cultivators & Tillers                                                              

                   4.2.4 Others                                                           

          4.3 Planting Machinery                                                                           

                   4.3.1 Seed Drill                                                                 

                   4.3.2 Planters                                                          

                   4.3.3 Broadcast Seeders                                                               

                   4.3.4 Transplanters                                                            

          4.4 Fertilizing Machinery                                                                         

                   4.4.1 Dry Fertilizer Spreaders                                                                  

                   4.4.2 Drop Spreaders                                                         

                   4.4.3 Rotary Spreaders                                                                

                   4.4.4 Others                                                           

          4.5 Harvesters                                                                            

                   4.5.1 Crop & Grain Harvester                                                                  

                   4.5.2 Rootcrop Harvester                                                             

                   4.5.3 Fruits and Vegetable Harvester                                                                 

                   4.5.4 Threshers                                                                 

                   4.5.5 Others                                                           

          4.6 Haying and Forage Machinery                                                                      

                   4.6.1 Mowers                                                          

                   4.6.2 Conditioners                                                             

                   4.6.3 Tedders/inverters                                                                

                   4.6.4 Hay rakes                                                                

                   4.6.5 Balers                                                            

          4.7 Combines                                                                             

                   4.7.1 Corn Crop                                                                

                   4.7.2 Rice Crop                                                                 

                   4.7.3 Soybean Crop                                                           

                   4.7.4 Wheat Crop                                                              

                   4.7.5 Other Crops                                                             

          4.8 Sprayers                                                                     

                   4.8.1 Low Pressure Sprayers                                                         

                             4.8.1.1 Tractor Mounted Sprayers                                                  

                             4.8.1.2 High Clearance Sprayers                                                    

                             4.8.1.3 Trailer Mounted Sprayer                                                     

                             4.8.1.4 Truck Mounted Sprayer                                                     

                   4.8.2 High Pressure Sprayers                                                                  

                             4.8.2.1 Air Carrier Sprayers                                                 

                             4.8.2.2 Hand Operated Sprayers                                                    

                             4.8.2.3 Fogger                                                        

          4.9 Irrigation Machineries                                                                       

                   4.9.1 Sprinkler Irrigation                                                               

                   4.9.2 Drip Irrigation                                                           

          4.10 Parts and Attachments                                                                    

          4.11 Other Agricultural Equipment                                                                      

5. Country Market Share                                                                                  

          5.1 Asia-Pacific                                                                           

                   5.1.1 China                                                             

                   5.1.2 India                                                             

                   5.1.3 Japan                                                            

                   5.1.4 Indonesia                                                                 

                   5.1.5 South Korea                                                             

                   5.1.6 Australia                                                         

                   5.1.7 Thailand                                                         

                   5.1.8 Israel                                                             

                   5.1.9 Others                                                           

6. Competitive Analysis                                                                                   

          6.1 Market Share Analysis                                                                      

          6.2 Growth Strategies of leading players                                                             

          6.3 Investment and Development Prospects                                                       

                   6.3.1 Investment in past five years                                                          

                   6.3.2 Investment Opportunities                                                               

          6.4 Competition Pattern                                                                         

                   6.4.1 Concentration Ratio                                                             

                   6.4.2 Industry Competition                                                           

          6.5 Price Trend Analysis                                                                         

                   6.5.1 Product Classifications and Their Prices                                              

                   6.5.2 Factors Influencing Prices                                                               

7. Company Profiles                                                                              

          7.1 AGCO Corp.                                                                          

          7.2 Agrifac Machinery                                                                  

          7.3 Alamo Group Incorporated                                                                         

          7.4 AMAZONEN-Werke H. Dreyer GmbH & Company KG                                       

          7.5 ARGO SpA                                                                            

          7.6 Bucher Industries AG                                                                        

          7.7 Changzhou Dongfeng Agricultural Machinery Group                                         

          7.8 China National Machinery Industry Corporation                                                         

          7.9 Claas KGaA mbH                                                                   

          7.10 CNH Industrial N.V                                                                         

          7.11 Daedong Industrial Company Limited                                                          

          7.12 Deere and Company                                                                       

          7.13 Escorts Limited                                                                    

          7.14 Exel Industries SA                                                                          

          7.15 Foton Lovol International Heavy Industries Company Ltd.                              

          7.16 Iseki & Co. Ltd.                                                                   

          7.17 JCB Limited                                                                         

          7.18 Kubota Corporation                                                                       

          7.19 Kuhn Group                                                                         

          7.20 Kukje Machinery Company Limited                                                             

          7.21 Kverneland Group                                                                          

          7.22 Mahindra & Mahindra Ltd.                                                                         

          7.23 Netafim Limited                                                                   

          7.24 Same Deutz-Fahr Deutschland Gmbh                                                           

          7.25 Shandong Shifeng Group Company Limited                                                   

          7.26 Tetra Laval International SA                                                                      

          7.27 Tractors and Farm Equipment Ltd.                                                              

          7.28 Valmont Industries Incorporated                                                                

          7.29 WORLD Group Company Limited                                                               

          7.30 Yamabiko Corporation                                                                    

          7.31 Yanmar Company Limited                                                                         

          7.32 ZETOR TRACTORS                                                                         

Appendix                                                                                   

          Sources                                                                           

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