Asia Pacific Agriculture Equipment Market Outlook (2021-2027) | Share, Analysis, Size, Revenue, Forecast, Trends, Growth, Industry & Segmentation

Geographically, the Asia Pacific region is a highly diversified region of the world that accounts for only one-fifth of the world’s agricultural land and more than half of the world’s population resides in the APAC region. The rapidly increasing population and growing demand for cereals and crops with limited arable land require improved productivity of the agriculture sector across the region. The need to enhance the productivity of agriculture by increasing farm mechanization is expected to bode well for the APAC agriculture equipment market over the coming years. 

According to 6Wresearch, Asia Pacific (APAC) Agriculture Equipment Market size is projected to grow at a CAGR of 5.2% during 2019-25. A major reason for the growth is the increased government support in way of subsidies on the purchase of agriculture equipment and fixing minimum crop prices to stabilize farmer's income. Examples include the Sub-Mission on Agriculture Mechanization Scheme in India and Indonesia Agriculture Work Plan 2019. Other factors that are expected to drive the APAC agriculture equipment market are the rapid urbanization, increased food demand, migration, and aging of the rural population due to which the number of farmers is decreasing and dependence on farm mechanization is expected to increase in the region during the forecast period.

Countries such as Japan and China are projected to grow at a slower pace as compared to other countries in the APAC region as the market in these countries is already reached a saturation level. However, the market is anticipated to witness a phase of recovery from 2019 onwards. China is the major contributor to the Asia Pacific agriculture equipment market revenues.

Amongst all the products, the tractor is the major shareholder in the Asia Pacific agriculture equipment market revenues and is expected to maintain its dominance during the forecast period as well. Moreover, the 30.1-70 HP segment acquired the major revenue share in the market of tractors, rotavators, and threshers in the APAC region, while 70.1- 130 HP is the major revenue contributor in the case of harvesters. For pumps, 130.1- 200 HP, and for power tillers, less than 30 HP acquired the largest share in the total market revenue of these products in 2018.

Some of the key players in the Asia Pacific agriculture equipment market are Kubota, Mahindra & Mahindra, Yanmar, John Deere, Claas, CNH Industrial, AGCO, CNP Pumps, Ebara, and Torishima.

The Asia Pacific agriculture equipment market report thoroughly covers the market by countries, by product types, and by HP range. Asia Pacific agriculture equipment market outlook report provides an unbiased and detailed analysis of the on-going Asia Pacific agriculture equipment market trends, opportunities/ high growth areas, market drivers, which would help stakeholders to device and align market strategies according to the current and future market dynamics.

APAC agriculture equipment market is healthy growth in the forecast period. There is a lot of work is involved in agricultural practices due to this rising labor cost and the government also providing subsidies to the workers for the purchase of the agricultural machines. While working on the new machines or new equipment will help in increasing the efficiency and modernization of the agriculture sector this will help in the growth of the agriculture sector in the forecast period.

APAC agriculture and equipment market is expected to register sound growth during the forecast period on the back of custom hiring solutions for tractors offered by the government of the developing nations along with a spur in the innovative design models of the agriculture machinery would benefit the APAC agriculture equipment market sustain a lucrative position during the forecast period. India Agriculture equipment market is anticipated to register the strongest growth in the overall APAC Agriculture equipment market owing to the strong agriculture sector in the country. Owing to only around 16% - 17% contribution of the agriculture sector towards the development of the country, there are considerable sales of agriculture and farm machinery in the country and would proliferate the market for agriculture equipment across the APAC region in the coming years. 

Asia Pacific (APAC) Agriculture and Farm Machinery Market is expected to register sound growth during the forecast period on the back of custom hiring solutions for tractors offered by the government of the developing nations along with a spur in the innovative design models of the agriculture machinery would benefit the APAC tractor market sustain a lucrative position during the forecast period. India Agriculture and Farm Machinery market are anticipated to register the strongest growth in the overall APAC Agriculture and Farm Machinery market owing to the strong agriculture sector in the country. Owing to only around 16% - 17% contribution of the agriculture sector towards the development of the country, there are considerable sales of agriculture and farm machinery in the country. States such as UP, Bihar, Punjab, and Haryana are expected to register a significant increase in the deployment of agriculture machinery owing to the high involvement of the aforementioned states in agriculture.

Asia Pacific Agriculture equipment market is anticipated to witness growth during the forecast period 2020-26F backed by increasing government investments in the development of the agriculture sector, a spur in the easily available credit schemes by financial institutions, up gradations in the technology, and growth of precision farming. The Asia Pacific agriculture sector is facing an acute labor shortage owing to a large proportion of farm laborers shifting to the cities for better employment opportunities backed by urbanization in cities in many developed and developing countries across the region. A reduction in the number of farm labors is instigating the adoption of farm machinery for the Asia Pacific agriculture sector to sustain the rising demand for food cultivation. The increasing adoption rate of farm machinery is further, expected to benefit the growth of the agriculture equipment market in the near future. Various subsidies provided by the Government of developed and developing economies across the Asia Pacific region, State Agro Industries, State Governments, Farm Machinery Testing and Training Institutes (FMTTIs) coupled with loans provided to the farmers at low-interest rates by NABARD, are further expected to benefit the growth of the Asia Pacific agriculture equipment market in the coming years. Moreover, subsidies provided by the central government on the purchase of agricultural equipment are further expected to trigger the growth of the Asia Pacific agriculture equipment market in the upcoming six years. 

Asia Pacific harvester market is projected to witness potential growth during the forecast period 2020-26F backed by the rising agricultural growth across the region. Additionally, India harvester market is estimated to gain momentum during the forecast period underpinned by agriculture, being the primary source of occupation in the country. Being half of the population being occupied with the agriculture segment coupled with rising replacement of traditional tools with modern tools to promote sound agricultural activities in the country is estimated to give spur the growth of the Indian harvester market, as a result, is estimated to benefit the growth of the entire Asia Pacific region harvester market in the upcoming six years.

Key Highlights of the Report:

• Asia Pacific Agriculture Equipment Market Overview
• Asia Pacific Agriculture Equipment Market Outlook
• Asia Pacific Agriculture Equipment Market Forecast
• Asia Pacific Agriculture Equipment Market Size
• Asia Pacific Agriculture Equipment Market Share, by Countries
• Asia Pacific Agriculture Equipment Market Share, by Products
• Asia Pacific Agriculture Equipment Market Drivers and Restraints
• Asia Pacific Agriculture Equipment Market Trends
• Asia Pacific Agriculture Equipment Market Forecast of revenues until 2025
• Historical Data of Asia Pacific Agriculture Equipment Market Revenues and Volume, by Countries for the Period 2015-2018
• Market Size & Forecast of India Agriculture Equipment Market Revenues and Volume, by Countries until 2025
• Historical Data of Asia Pacific Agriculture Equipment Market Revenues and Volume, by Products for the Period 2015-2018
• Market Size & Forecast of Asia Pacific Agriculture Equipment Market Revenues and Volume, by Products until 2025
• Historical Data of India, Indonesia, Japan, China, Australia and Rest of Asia Pacific Agriculture Equipment Market Revenues and Volume, by Products for the Period  2015-2018
• Market Size & Forecast of India, Indonesia, Japan, China, Australia and Rest of Asia Pacific Agriculture  Equipment Market Revenues and Volume, by Products until 2025
• Historical Data of India, Indonesia, Japan, China, Australia, and Rest of Asia Pacific Tractor Market Revenues and Revenue Share, by HP range for the Period 2015-2018
• Market Size & Forecast of India, Indonesia, Japan, China, Australia, and Rest of Asia Pacific Tractor Market Revenues and Revenue Share, By HP range until 2025
• Historical Data of India, Indonesia, Japan, China, Australia and Rest of Asia Pacific Harvester Market  Revenues and Revenue Share, by HP range for the Period 2015- 2018
• Market Size & Forecast of India, Indonesia, Japan, China, Australia, and Rest of Asia Pacific Harvester Market Revenues and Revenue Share, By HP range until 2025
• Historical Data of India, Indonesia, Japan, China, Australia, and Rest of Asia Pacific Thresher Market Revenues and Revenue Share, by HP range for the Period 2015- 2018
• Market Size & Forecast of India, Indonesia, Japan, China, Australia, and Rest of Asia Pacific Thresher Market Revenues and Revenue Share, By HP range until 2025
• Historical Data of India, Indonesia, Japan, China, Australia, and Rest of Asia Pacific Pumps Market Revenues and Revenue Share, by HP range for the Period 2015-2018
• Market Size & Forecast of India, Indonesia, Japan, China, Australia and Rest of Asia Pacific Pumps Market Revenues and Revenue Share, By HP range until 2025
• Historical Data of India, Indonesia, Japan, China, Australia and Rest of Asia Pacific Power Tiller Market Revenues and Revenue Share, by HP range for the Period 2015- 2018
• Market Size & Forecast of India, Indonesia, Japan, China, Australia, and Rest of Asia Pacific Power Tiller Market Revenues and Revenue Share, By HP range until 2025
• Historical Data of India, Indonesia, Japan, China, Australia, and Rest of Asia Pacific Rotavator Market Revenues and Revenue Share, by HP range for the Period 2015- 2018
• Market Size & Forecast of India, Indonesia, Japan, China, Australia, and Rest of Asia Pacific Rotavator  Market Revenues and Revenue Share, By HP range until 2025
• Porter’s Five Forces Analysis and Market Opportunity Assessment
• India, Indonesia, Japan, China, Australia and Rest of Asia Pacific Agriculture Equipment Market Share, by companies
• Asia Pacific Agriculture Equipment Market Trends
• Market Drivers and Restraints
• Asia Pacific Agriculture Equipment Market Overview, on Competitive Benchmarking
• Asia Pacific Agriculture Equipment Market Share, By Players
• Company Profiles
• Strategic Recommendations

Markets Covered:

The report provides a detailed analysis of the following market segments:

• By-Products:

    o Tractors
          ■ Up to 30 HP
          ■ 30.1 HP- 70 HP
          ■ 70.1 HP- 130 HP
          ■ 130.1 HP- 200 HP
          ■ Above 200 HP

    o Harvesters

          ■ Up to 30 HP
          ■ 30.1 HP- 70 HP
          ■ 70.1 HP- 130 HP
          ■ 130.1 HP- 200 HP
          ■ Above 200 HP

    o Threshers

          ■ Up to 30 HP
          ■ 30.1 HP- 70 HP
          ■ 70.1 HP- 130 HP
          ■ 130.1 HP- 200 HP
          ■ Above 200 HP

   o Pumps

          ■ Up to 30 HP
          ■ 30.1 HP- 70 HP
          ■ 70.1 HP- 130 HP
          ■ 130.1 HP- 200 HP
          ■ Above 200 HP

    o Power Tillers

          ■ Up to 30 HP
          ■ 30.1 HP- 70 HP

    o Rotavators

          ■ Up to 30 HP
          ■ 30.1 HP- 70 HP
          ■ 70.1 HP- 130 HP
    o Others (Rice Transplanter, Weeders, Excavators and Farm Carriers)

• By Countries:

    o India
    o Indonesia
    o Japan
    o China
    o Australia
    o Rest of Asia Pacific

Other Key Reports Related to Agriculture Equipment Market include:

• India Agriculture Equipment Market Report 
• Indonesia Agriculture Equipment Market Report
• China Agriculture Equipment Market Report
• Japan Agriculture Equipment Market Report
• Australia Agriculture Equipment Market Report