Global Farm Implements Market 2021-2026

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    GLOBAL 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 upto 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.

     

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    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.

     

    GLOBAL FARM IMPLEMENTS  MARKET SEGMENTATION

     

    By Product Type

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

     

    By Application Type

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

     

    By Region

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

     

    GLOBAL 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.

     

     

    FARM IMPLEMENTS MARKET SIZE AND FORECAST

     

    The Global Farm Implements market is estimated at $XX Billion in 2020, growing at XX% CAGR till 2026.

     

    COMPETITIVE LANDSCAPE

     

    Raven Industries, Inc. has launched its new product brand and autonomous growth platform, OMNiPOWER 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, OMNiPOWER 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 utilisation 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.

     

     

    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

     

    Sl no Topic
    1 Market Segmentation
    2 Scope of the report
    3 Abbreviations
    4 Research Methodology
    5 Executive Summary
    6 Introduction
    7 Insights from Industry stakeholders
    8 Cost breakdown of Product by sub-components and average profit margin
    9 Disruptive innovation in the Industry
    10 Technology trends in the Industry
    11 Consumer trends in the industry
    12 Recent Production Milestones
    13 Component Manufacturing in US, EU and China
    14 COVID-19 impact on overall market
    15 COVID-19 impact on Production of components
    16 COVID-19 impact on Point of sale
    17 Market Segmentation, Dynamics and Forecast by Geography, 2021-2026
    18 Market Segmentation, Dynamics and Forecast by Product Type, 2021-2026
    19 Market Segmentation, Dynamics and Forecast by Application, 2021-2026
    20 Market Segmentation, Dynamics and Forecast by End use, 2021-2026
    21 Product installation rate by OEM, 2021
    22 Incline/Decline in Average B-2-B selling price in past 5 years
    23 Competition from substitute products
    24 Gross margin and average profitability of suppliers
    25 New product development in past 12 months
    26 M&A in past 12 months
    27 Growth strategy of leading players
    28 Market share of vendors, 2021
    29 Company Profiles
    30 Unmet needs and opportunity for new suppliers
    31 Conclusion
    32 Appendix

     

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