Author: Himanshu Patni
22 December 2023
The increasing population and growing food demand inside the Asia Pacific region are the most important drivers of the rural marketplace. The location is home to a massive and unexpectedly developing populace, that’s riding the call for food and agricultural merchandise. In addition, the increasing disposable incomes of consumers in the area are mainly a shift in the direction of extra protein-rich diets, that is riding demand for meat and other animal merchandise.
Further, the APAC Agricultural Machinery Market is expected to grow at a strong CAGR of 5s.0% during the forecast period (2022-2030S). To meet this growing demand, farmers and agricultural producers within the location are making an investment in new technology, gadgets, and infrastructure to increase crop yields and enhance performance. This consists of the usage of advanced agricultural equipment, which includes tractors, harvesters, and irrigation systems, in addition to the development of recent crop sorts and farming strategies.
Access sample report (including graphs, charts, and figures) – https://univdatos.com/get-a-free-sample-form-php/?product_id=43721
In addition, the growing demand for meals and agricultural merchandise in the Asia Pacific location is riding innovation and studies in the agricultural zone. This includes the development of recent crop types which can be extra resilient to climate alternates, as well as using precision farming strategies to improve yields and reduce waste.
Overall, the growing populace and growing meals call for inside the Asia Pacific place are driving the agricultural marketplace through the growing call for agricultural products, riding innovation and studies, and enhancing performance and productivity in the region.
FIG. 1 APAC Agricultural Machinery Market Revenue (2020-2030)- USD Mn
For a detailed analysis of the Global Agricultural Machinery Market browse through – https://univdatos.com/report/agriculture-machinery-market/
Based on type, the market is segmented into tractors and power, soil preparation and cultivation, irrigation, crop processing, fertilizers and pesticides dispenser, harvesting, and others. Amongst these, the smart appliances segment dominated the market in 2021. This is because tractors are versatile machines which can be used for a variety of agricultural tasks which include ploughing, planting, cultivating, and harvesting crops, as well as mowing and tilling soil. Moreover, Advancement in technology has led to the development of more efficient and productive tractors which are equipped with features such as improved engine performance, better hydraulic systems, and advanced farming technology.
By automation, the market is segmented into automatic, semi-automatic, and manual. Among these, the manual segment captured a significant share of the agricultural machinery market in 2021. The significant share of the manual segment is because manual farming methods have been the traditional way of farming for centuries, and still in many developing countries farmers rely on manual labour to cultivate their land. Additionally, manual farming methods are more affordable than automated machinery. This is because they are simple and less expensive to use and manufacture, it requires less maintenance and repairs as compared to modern equipment.
Global Agricultural Machinery Market Segmentation
Market Insight, by Type
· Tractors and Power
· Soil Preparation and Cultivation
· Irrigation
· Crop Processing
· Fertilizers And Pesticides Dispenser
· Harvesting
· Others
Market Insights, by Automation
· Automatic
· Semi-Automatic
· Manual
Market Insights, by Sales Channel
· OEM
· Aftermarket
Market Insight, by Region
· North America
o U.S.
o Canada
o Rest of North America
· Europe
o Germany
o UK
o Italy
o France
o Rest of Europe
· APAC
o China
o Japan
o India
o Rest of APAC
· Rest of the World
Top Company Profiles
· Deere & Company
· AGCO Corporation
· Mahindra&Mahindra Ltd.
· Kubota Corporation
· CNH Industrial N.V.
· China National Machinery Industry Corporation Ltd
· CLAAS KGaA mbH
· AGROSTROJ
· J C Bamford Excavators Ltd.
· SSDF S.p.A
Get a call back
