Market Forecast by Countries (China, India, Japan, Australia, Indonesia, Philippines, Thailand, Malaysia, Rest of Asia), By Type (Tractors, Harvesters, Soil Preparation & Cultivation, Irrigation &Crop Processing, Agriculture Spraying Equipment, Hay &Forage Machines, Others), By Automation (Automatic, Semiautomatic, Manual), By Business (Original Equipment Manufacturers (OEMs), Aftersales) And Competitive Landscape
Product Code: ETC185566 | Publication Date: May 2021 | Updated Date: Jan 2024 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 250 | No. of Figures: 50 | No. of Tables: 25 | |
The Asia Pacific Agriculture Equipment Market report thoroughly covers the market by products and other agriculture equipment. The market outlook report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
Asia Pacific Agriculture Equipment industry plays a vital role in the economy of Asia Pacific. With a rapidly growing population, the demand for food and agriculture products is continuously increasing. The agriculture industry has made significant progress with advanced technologies and machinery that has significantly impacted the efficiency and productivity of the agriculture sector. One of the most notable trends is the integration of advanced technologies such as artificial intelligence and IoT in agriculture equipment. The market is also witnessing the rise of smart farming practices, which leverage the power of technology to optimize operations in farming.Â
According to 6Wresearch, the Asia Pacific Agriculture Equipment Market size is expected to grow at a CAGR of 9.2% during the forecast period 2024-2030. The demand for Asia Pacific Agriculture Equipment has been rising consistently, primarily due to the advent of advanced technologies. The availability of machinery such as tractors, harvesters, and other equipment has increased, allowing farmers to increase their yields and optimize their resources efficiently. Moreover, the growing awareness of sustainable farming practices has encouraged farmers to adopt modern technologies to protect the ecosystem. The demand for precision agriculture techniques, such as global positioning systems (GPS) and geographical information systems (GIS), has been steadily increasing. Despite the growth, the Asia Pacific Agriculture Equipment Market faces numerous challenges that impede its development.
The high cost of machinery remains a significant barrier for small-scale farmers and those in developing countries. Additionally, with climate change affecting crops adversely, the unpredictability of weather patterns poses a significant challenge in increasing productivity. The lack of financing facilities is also a cause of concern. However, some ongoing trends are securing massive Asia Pacific Agriculture Equipment Market growth. One such is that Government initiatives have played a crucial role in the growth of the Asia Pacific Agriculture Equipment Market. The governments in the region have been taking initiatives to improve the purchasing power of small-scale farmers through subsidies, loans, and tax exemptions. Policy reforms, including the installation of storage facilities and promoting the usage of technology, have been made to encourage innovation and productivity in the agriculture sector.
The Asia Pacific region has seen a surge in productivity in agriculture with the help of government initiatives. The governments in the region have introduced programs that focus on developing agriculture equipment and technology. For instance, the "Smart Agriculture Innovation Center" was introduced in Korea, which is aimed at developing technologies for smart agriculture. The government of Indonesia has also introduced an initiative called "Indonesia Harvests" that focuses on providing better agriculture equipment to farmers, with a special emphasis on small farmers.
The Indian government has launched multiple credit programs such as "Kisan Credit Card," "National Bank for Agriculture and Rural Development" and "Micro Irrigation Fund" to support farmers. China’s government has provided subsidies to farmers for the purchase of agricultural equipment, which have been essential in increasing their productivity.
Some of the key players in the Asia Pacific Agriculture Equipment Market are Mahindra & Mahindra Ltd., Kubota Corporation, CNH Industrial N.V, AGCO Corporation, and Deere & Company. The competition amongst these players is intense, with each player offering a diverse range of equipment and technologies to cater to the varying needs of farmers in the region. Innovations in the agriculture machinery sector are expected to surge in the upcoming years, with new companies entering the market and existing players expanding their offerings
According to Dhaval, Research Manager, 6Wresearch, it is difficult to say which is leading as the demand for harvesters, threshers, pumps, power tillers, and Rotavators is also on the rise. With the increasing demand for food globally, the Australian agriculture sector must continue to embrace technology and innovation to increase productivity and remain competitive in the global market.
The report offers a comprehensive study of the subsequent market segments:
Tractors
Harvesters
Threshers
Pumps
Power Tillers
Rotavators
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Asia Pacific Agriculture Equipment Market Overview |
3.1 Asia Pacific Regional Macro Economic Indicators |
3.2 Asia Pacific Agriculture Equipment Market Revenues & Volume, 2020 & 2030F |
3.3 Asia Pacific Agriculture Equipment Market - Industry Life Cycle |
3.4 Asia Pacific Agriculture Equipment Market - Porter's Five Forces |
3.5 Asia Pacific Agriculture Equipment Market Revenues & Volume Share, By Countries, 2023 & 2030F |
3.6 Asia Pacific Agriculture Equipment Market Revenues & Volume Share, By Type, 2023 & 2030F |
3.7 Asia Pacific Agriculture Equipment Market Revenues & Volume Share, By Automation, 2023 & 2030F |
3.8 Asia Pacific Agriculture Equipment Market Revenues & Volume Share, By Business, 2023 & 2030F |
4 Asia Pacific Agriculture Equipment Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Asia Pacific Agriculture Equipment Market Trends |
6 Asia Pacific Agriculture Equipment Market, 2020 - 2030 |
6.1 Asia Pacific Agriculture Equipment Market, Revenues & Volume, By Type, 2020 - 2030 |
6.2 Asia Pacific Agriculture Equipment Market, Revenues & Volume, By Automation, 2020 - 2030 |
6.3 Asia Pacific Agriculture Equipment Market, Revenues & Volume, By Business, 2020 - 2030 |
7 China Agriculture Equipment Market, 2020 - 2030 |
7.1 China Agriculture Equipment Market, Revenues & Volume, By Type, 2020 - 2030 |
7.2 China Agriculture Equipment Market, Revenues & Volume, By Automation, 2020 - 2030 |
7.3 China Agriculture Equipment Market, Revenues & Volume, By Business, 2020 - 2030 |
8 India Agriculture Equipment Market, 2020 - 2030 |
8.1 India Agriculture Equipment Market, Revenues & Volume, By Type, 2020 - 2030 |
8.2 India Agriculture Equipment Market, Revenues & Volume, By Automation, 2020 - 2030 |
8.3 India Agriculture Equipment Market, Revenues & Volume, By Business, 2020 - 2030 |
9 Japan Agriculture Equipment Market, 2020 - 2030 |
9.1 Japan Agriculture Equipment Market, Revenues & Volume, By Type, 2020 - 2030 |
9.2 Japan Agriculture Equipment Market, Revenues & Volume, By Automation, 2020 - 2030 |
9.3 Japan Agriculture Equipment Market, Revenues & Volume, By Business, 2020 - 2030 |
10 Australia Agriculture Equipment Market, 2020 - 2030 |
10.1 Australia Agriculture Equipment Market, Revenues & Volume, By Type, 2020 - 2030 |
10.2 Australia Agriculture Equipment Market, Revenues & Volume, By Automation, 2020 - 2030 |
10.3 Australia Agriculture Equipment Market, Revenues & Volume, By Business, 2020 - 2030 |
11 Indonesia Agriculture Equipment Market, 2020 - 2030 |
11.1 Indonesia Agriculture Equipment Market, Revenues & Volume, By Type, 2020 - 2030 |
11.2 Indonesia Agriculture Equipment Market, Revenues & Volume, By Automation, 2020 - 2030 |
11.3 Indonesia Agriculture Equipment Market, Revenues & Volume, By Business, 2020 - 2030 |
12 Philippines Agriculture Equipment Market, 2020 - 2030 |
12.1 Philippines Agriculture Equipment Market, Revenues & Volume, By Type, 2020 - 2030 |
12.2 Philippines Agriculture Equipment Market, Revenues & Volume, By Automation, 2020 - 2030 |
12.3 Philippines Agriculture Equipment Market, Revenues & Volume, By Business, 2020 - 2030 |
13 Malaysia Agriculture Equipment Market, 2020 - 2030 |
13.1 Malaysia Agriculture Equipment Market, Revenues & Volume, By Type, 2020 - 2030 |
13.2 Malaysia Agriculture Equipment Market, Revenues & Volume, By Automation, 2020 - 2030 |
13.3 Malaysia Agriculture Equipment Market, Revenues & Volume, By Business, 2020 - 2030 |
13 Malaysia Agriculture Equipment Market, 2020 - 2030 |
14 Thailand Agriculture Equipment Market, 2020 - 2030 |
14.1 Thailand Agriculture Equipment Markett, Revenues & Volume, By Type, 2020 - 2030 |
14.2 Thailand Agriculture Equipment Markett, Revenues & Volume, By Automation, 2020 - 2030 |
14.3 Thailand Agriculture Equipment Market, Revenues & Volume, By Business, 2020 - 2030 |
15 Rest of Asia Agriculture Equipment Market, 2020 - 2030 |
15.1 Rest of Asia Agriculture Equipment Market, Revenues & Volume, By Type, 2020 - 2030 |
15.2 Rest of Asia Agriculture Equipment Market, Revenues & Volume, By Automation, 2020 - 2030 |
15.3 Rest of Asia Agriculture Equipment Market, Revenues & Volume, By Business, 2020 - 2030 |
16 Asia Pacific Agriculture Equipment Market Key Performance Indicators |
17 Asia Pacific Agriculture Equipment Market - Opportunity Assessment |
17.1 Asia Pacific Agriculture Equipment Market Opportunity Assessment, By Countries, 2023 & 2030F |
17.2 Asia Pacific Agriculture Equipment Market Opportunity Assessment, By Type, 2023 & 2030F |
17.3 Asia Pacific Agriculture Equipment Market Opportunity Assessment, By Automation, 2023 & 2030F |
17.4 Asia Pacific Agriculture Equipment Market Opportunity Assessment, By Business, 2023 & 2030F |
18 Asia Pacific Agriculture Equipment Market - Competitive Landscape |
18.1 Asia Pacific Agriculture Equipment Market Revenue Share, By Companies, 2023 |
18.2 Asia Pacific Agriculture Equipment Market Competitive Benchmarking, By Operating and Technical Parameters |
19 Company Profiles |
20 Recommendations |
21 Disclaimer |