FARM IMPLEMENTS MARKET

KEY FINDINGS

1. Kuhn Group, Krone and GEA Farm technologies are the market leaders of Farm Implements in Europe.
2. The Indian government is focusing on farm mechanization and has directed the industry to provide small machines and equipment to farmers with less landholding to boost their income to provide small utility machines to small acreage farmers so that majority of these farmers can acquire machines.
3. Implement systems researchers are also developing participatory methodologies to support dialogue and the exchange of knowledge between farmers and other stakeholders, allowing them to develop and intensify new forms of collective action.
4. Many governments provide up to 80% subsidy on implements and equipment for farmers to maintain the stubble.
5. Implement manufacturers are working with a growing cadre of manufacturers to broaden the implement choices available for the autonomous platform.

INTRODUCTION

Crop  production  requires  a  number  of  operations  like  seed  bed preparation,  seeding,  fertilizing,  spraying,  dusting,  irrigation,  harvesting  and threshing. The  various  farm equipment/machines  have  been  used  on the  farm  to perform  these  operations  in  order  to  enhance  their  output  capacity,  efficiency, timeliness of operation and to reduce drudgery involved.

Improved irrigation facilities, introduction of high yielding varieties. use of higher doses of fertilizers and pesticides have increased the scope for greater farm mechanization.

Farm mechanization helps for proper utilization of basic inputs like water, seed and fertilizer, optimum placement of the seed and fertilizer, ploughing, removal of weeds, leveling of uneven land and land reclamation.

FARM IMPLEMENTS  MARKET SEGMENTATION

FARM IMPLEMENTS MARKET By Product Type

1. Harvesters.
2. Cultivators
3. Seeders and Transplanters
4. Cutters and Shredders.
5. Sprayers
6. Others.

FARM IMPLEMENTS MARKET By Application Type

1. Cultivation
2. Planting
3. Harvesting
4. Plant Protection
5. Others

FARM IMPLEMENTS MARKET By Region

1. China
2. India
3. U.S
4. Europe
5. Rest of the World

FARM IMPLEMENTS  MARKET DYNAMICS

Technology centers of the enterprises have gradually become the main bodies for developing new products. Scale enterprises established technology centers, medium and small sized enterprises established research departments, mainly engaged in new designing products.

There  are numerous research academics and institutes of agricultural machinery belonging to central governments and other provinces. They play an important role in fundamental research of new products development in agricultural implements.

Many countries' industry structure is not well organized, in disorder and the scale of the manufacturers are small with low level of concentration of production. Large producers are not strong while the small ones are not professional.

Priorities are given for developing the technologies and implements that guarantee the sustainable development of agriculture, such as production equipment for industrial crops, facilities and equipment for feeding and raising healthy livestock.

As the agricultural industry is resurrecting it will be moving forward, with farmers income increasing, adn joint use of farm implements will be broadened. These trends will establish a promising future for the implements market and will lay a foundation for the agricultural farm implements industry development.

Fans of the green-painted toolbars and machinery from Seed Master could gain from a new equipment supply deal between John Deere and Seed Master.

Deere will get 60, 70, 80, and 90-foot green painted frames from Seed Master with 10- or 12-inch spacing and dual knife openers.

Fertilizer is positioned 1.5 inches horizontally and 0.75 inches vertically away from the seed using the dual-knife opener. The toolbars will then be fitted with John Deere's air seeding technology.

The P660, P670, P680, and P690 Precision Air-Hoe Drills series from John Deere will be used to market the frames.

Farmers can view the flow rate of seed and fertilizer from inside the tractor cab using Relative Flow blockage sensors. All major towers and secondary hoses have sensors installed to keep an eye on the flow of fertilizer and seed from the cart to the opener.

John Deere distribution towers will be installed on three-inch primaries mounted on toolbars wider than 60 feet.

The tool bars come with factory-installed integration with JD Link connection, John Deere Operations Center, and John Deere Connected Support and are commonly marketed in pairs with Deere air carts, including the C650 and C850 variants.

FARM IMPLEMENTS MARKET SIZE AND FORECAST

The Global Farm Implements market is estimated at $XX Billion in 2023, growing at XX% CAGR till 2030.

FARM IMPLEMENTS MARKET RECENT ACQUISITION 

Keeneland AS, a Kubota Corporation affiliate, has opted to buy 80 percent of ROC S.r.l's shares and put the company inside the Kubota Group umbrella. 

With the acquisitions of Keeneland in Europe and Great Plains Manufacturing in the United States, Kubota has worked to expand its tractor implement business in the hay and forage and arable farming markets around the world in order to capitalize on their high-level technical capabilities and implement brand power.

ROC is a specialized manufacturer of Mergers, which are used to swath cut crops and have gained popularity among large-scale dairy farmers and contractors in recent years. 

Dirt, pebbles, and other contaminants are better separated by ROC Mergers than by traditional methods for the same applications. Implements that produce hay with fewer contaminants produce high-quality feed and are projected to bring additional benefits such as increased milk supply from dairy animals and improved livestock health.

As Kubota and Keeneland develop their company into the hay and forage sectors, large-scale dairy farmers and contractors who utilize these types of Mergers are a major target audience. ROC manufactures a wide range of implements, from little to huge.

Kernel land will accelerate company growth toward the expansion of its implement business in Europe by bringing ROC into the Kubota Group as a subsidiary to boost its hay & forage products for the same customer demographic.

FARM IMPLEMENTS MARKET RECENT PARTNERSHIP

With Zimeno Inc. DBA Monarch Tractor, Hon Hai Technology Group has announced the signing of a contract manufacturing agreement (CMA) for the production of battery packs and new agricultural machinery at the Foxconn factory in Ohio.

After concluding an Asset Purchase Agreement with Lords town Motors Corp., Foxconn began manufacturing at its Ohio factory. Following the termination of the APA, Foxconn has signed its first contract manufacturing arrangement with Monarch Tractor.

It exemplifies Foxconn's goal of growing its contract manufacturing business in the EV sector. The pact also keeps Foxconn's capabilities in the Mahoning Valley from changing.

Foxconn is well-positioned and eager to contribute to the ongoing and future success of Monarch Tractor, its products, and its customers by utilizing its manufacturing prowess, global network of industry leaders and supply partners, and new collaboration with Monarch Tractor.

FARM IMPLEMENTS MARKET PRODUCT DEVELOPMENT

The debut of its new product brand and autonomous growth platform, Omni, has been announced by Raven Industries, Inc., a US-based agricultural technology firm. The Omni prefix will be used to identify all of Raven's intelligent autonomous solutions for the agriculture sector, which are all a part of a single interconnected "ecosystem."

Self-propelled power platform Omni POWER is simple to switch out with agricultural equipment. A path plan for each field is generated by a computer program me after the farmer installs the proper implement onto the machine. The path design is accurate to within an inch for every foot of on-field movement.

It establishes limits and records information about obstacles. The farmer can control tasks directly from the tablet or launch them automatically. No driver is required in either situation.

FARM IMPLEMENTS MARKET COMPETITIVE LANDSCAPE

Raven Industries, Inc. has launched its new product brand and autonomous growth platform, Omni POWER is a self-propelled power platform that easily interchanges with farm implements. This will allow the ag professional to perform multiple farm tasks in all the growing seasons. The farmer launches missions in autonomous mode or can also control directly from the tablet. In either instance, no driver is necessary. Currently, Omni POWER has interchangeable implements for spreading and spraying with additional applications coming soon.

In African region, Local manufacturers have started the production of farming implements worth US$13.5 million to be used as attachments to the tractors being imported under the John Deere and Belarus facilities. Last year, many governments imported tractors under the John Deere and Belarus facilities as part of efforts to transform the agriculture sector and ensure the industry becomes the pathway out of poverty and a precondition for economic growth and prosperity of their countries.

Mitsubishi Mahindra Agricultural Machinery (MAM), and Kubota, have entered a collaboration to offer products, services and solutions to meet customer needs through mutual utilization of resources in Japan. Under the collaboration, the two firms will expand the existing scope of mutual original equipment manufacturing (OEM) supply, placing focus on tractors, rice transplanters and combine harvesters, including implements and associated equipment, Mahindra & Mahindra (M&M).

Global auto parts supplier Bosch has formed a joint venture (JV) with BASF Digital Farming to market and sell globally smart farming technologies from a single source. The company will distribute the smart spraying solution that Bosch and BASF are developing and testing to markets in North America, South America and Europe.

FARM IMPLEMENTS MARKET COMPANIES PROFILED

1. Mahindra and Mahindra
2. Dongfeng Motor
3. Escorts
4. FPT Industrial
5. John Deere
6. Massey Ferguson
7. Kubota
8. International Harvester
9. Deutz-Fahr
10. Yanmar
11. VST
12. Swaraj
13. Sonalika
14. Foton
15. First Tractor Company
16. Armatrac
17. Branson
18. Fendt
19. Iseki
20. JCB
21. TYM
22. TAFE
23. New Holland