Australia Agriculture Equipment Market (2024-2030) | Outlook, Companies, Share, Growth, Size, Forecast, Value, Industry, Revenue, Analysis & Trends

Topics Covered in the Australia Agriculture Equipment Market

Australia 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.

Australia Agriculture Equipment Market Synopsis

The Australian agriculture equipment market has been an essential contributor to the country’s economy, supporting robust growth over the years. Agriculture remains the backbone of the Australian economy, with the country being one of the largest exporters of high-grade food and agricultural commodities. The growing demand for agricultural equipment leasing and rental services has been embraced by several companies, as it helps mitigate the high equipment costs and increases profitability.

According to 6Wresearch, the Australia Agriculture Equipment Market size is predicted to grow at a CAGR of 5.1% during the forecast period 2024-2030. The agriculture sector in Australia has been experiencing considerable demand due to the rising population and growing food demand. In addition, the increase in the adoption of modern farming practices, such as precision agriculture, has propelled the demand for agriculture equipment. The need to improve crop yields and avoid manpower shortages due to the ageing farm workforce has further driven Australia Agriculture Equipment Market growth. Despite the sector’s robust growth, several factors hamper its progression. The most notable factor is the rise in climate change and its impact on crop yields and land fertility. The shrinking pool of tech-savvy farmers and the limited availability of skilled agriculture labor are also challenging. High costs of equipment and maintenance and stringent regulations are some challenges that pose hurdles to market prosperity. Nevertheless, the market is growing due to manufacturers focusing on sustainable and eco-friendly solutions through product innovations. Solutions such as autonomous tractors, drones, sensor-based irrigation systems, and precision agriculture technologies are gaining prevalence. 

Government Initiatives Introduced in the Australia Agriculture Equipment Market

The Australian government has established several initiatives to support the agriculture sector's growth and ensure the adoption of modern farming practices. The Federal government’s Agricultural Competitiveness White Paper provides a comprehensive framework to ensure market growth and competitiveness. The government is also offering subsidies and incentives to farmers through programs such as the Farm Household Allowance and Farm Management Deposit Scheme.

Key Players in the Australia Agriculture Equipment Market

The Australia agriculture equipment market is highly competitive, with several domestic and international players actively participating. Some of the key players include CNH Industrial NV, AGCO Corporation, Deere & Company, Kubota Corporation, and Mahindra & Mahindra Ltd. These companies operate in several segments, including tractors, harvesting machinery, irrigation systems, and precision agriculture equipment.

Market Analysis by Products

According to Dhaval, Research Manager, 6Wresearch, the number of power tillers and rotavators is growing, particularly among smallholder farmers. As the agriculture sector continues to grow and become more mechanized, the demand for these products is likely to increase further, ensuring that Australia maintains its status as a global leader in the agriculture industry.

Key attractiveness of the report

• COVID-19 Impact on the Market.
• 10 Years Market Numbers.
• Historical Data Starting from 2020 to 2023.
• Base Year: 2023.
• Forecast Data until 2030.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report:

• Australia Agriculture Equipment Market Outlook
• Australia Agriculture Equipment Market Overview    
• Australia Agriculture Equipment Market Forecast
• Australia Agriculture Equipment Market Size
• Australia Agriculture Equipment Market Share, by-products
• Australia Agriculture Equipment Market Forecast of Revenues Until 2030
• Historical Data of Australia Agriculture Equipment Market Revenues and Volume, by-products for the Period 2020 - 2030
• Market Size & Forecast of Australia Agriculture Equipment Market Revenues and Volume, by-products until 2030
• Australia Tractor Market Revenue and Volume Share, By HP Range
• Historical Data of Australia Tractor Market Revenues and Volume, by HP range for the Period 2020 - 2030
• Market Size & Forecast of Australia Tractor Market Revenues and Volume, By HP range until 2030
• Australia Harvester Market Revenue and Volume Share, By HP Range
• Historical Data of Australia Harvester Market Revenues and Volume, by HP range for the Period 2020 - 2030
• Market Size & Forecast of Australia Harvester Revenue and Volume Share, By HP range until 2030
• Australia Thresher Market Revenue and Volume Share, By HP Range
• Historical Data of Australia Thresher Market Revenues and Volume, by HP range for the Period 2020 - 2030
• Market Size & Forecast of Australia Thresher Market Revenues and Volume, By HP range until 2030
• Australia Pumps Market Revenue and Volume Share, By HP Range
• Historical Data of Australia Pumps Market Revenues and Volume, by HP range for the Period 2020 - 2030
• Market Size & Forecast of Australia Pumps Market Revenues and Volume, By HP range until 2030
• Australia Power Tiller Market Revenue and Volume Share, By HP Range
• Historical Data of Australia Power Tiller Market Revenues and Volume, by HP range for the Period 2020 - 2030
• Market Size & Forecast of Australia Power Tiller Market Revenues and Volume, By HP range until 2030
• Australia Rotavator Market Revenue and Volume Share, By HP Range
• Historical Data of Australia Rotavator Market Revenues and Volume, by HP range for the Period 2020 - 2030
• Market Size & Forecast of Australia Rotavator Market Revenues and Volume, By HP range until 2030
• Australia Agriculture Equipment Market Drivers and Restraints
• Australia Agriculture Equipment Market Trends
• Porter’s Five Forces Analysis and Market Opportunity Assessment
• Australia Agriculture Equipment Market Share, by Companies
• Australia Agriculture Equipment Market Overview, by Competitive Benchmarking
• Company Profiles
• Strategic Recommendations

Market Covered

The report offers a comprehensive study of the subsequent market segments:

By-Products:

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

Harvesters

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

Threshers

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

Pumps

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

Power Tillers

• Up to 30 HP
• 30.1 HP- 70 HP

Rotavators

• Up to 30 HP
• 30.1 HP- 70 HP
• 70.1 HP- 130 HP