According to a market report by Lucintel, the future of the plowing and cultivating machinery market looks promising with opportunities in the soil loosening, clods size reduction, and clods sorting applications. The global plowing and cultivating machinery market is expected to reach an estimated $19.6 billion by 2028 with a CAGR of 5.8% from 2023 to 2028. The major drivers for this market are growing preference towards no-till farming techniques, rising adoption of mechanization among large and small farmers, and increasing government spending to encourage the usage of advanced farm machinery.
In this market, harrow, cultivator & tiller, and ploware the major segments of plowing and cultivating machinery market by product. Lucintel forecasts that plow will remain the largest segment over the forecast period as it helps in tillage and breaking of soil.
Within this market, soil loosening is expected to remain the largest segment due to the growing interest in soilless farming methods as a more environmentally friendly way to farms that uses less water along with growing application of plowing and cultivating machineries to loosen the soil and increase crop yield as well as soil quality.
North America will remain the largest region due to the growing adoption of cultivators and tillers in small farms and significant demand for high-tech agricultural technologies in the region.
Gregoire-Besson, Kuhn North America, Kubota, Deere & Company, Opico, CNH Industrial NV, and Poettinger US are the major suppliers in the global plowing and cultivating machinery market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global plowing and cultivating machinery market by product, technology, application, and region. Lucintel has compiled a comprehensive research report entitled “Growth Opportunities in the Global Plowing and Cultivating Machinery Market 2023-2028: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global plowing and cultivating machinery market by product, technology, application, and region, as follows:
Plowing and Cultivating Machinery Market by Product [Shipment Analysis by Value from 2017 to 2028]:
Harrows
Cultivators and Tillers
Plows
Others
Plowing and Cultivating Machinery Market by Technology [Shipment Analysis by Value from 2017 to 2028]:
Automatic
Semi-Automatic
Manual
Plowing and Cultivating Machinery Market by Application [Shipment Analysis by Value from 2017 to 2028]:
Soil Loosening
Clods Size Reduction
Clods Sorting
Others
Plowing and Cultivating Machinery Market by Region [Shipment Analysis by Value from 2017 to 2028]:
North America
Europe
Asia Pacific
The Rest of the World
This more than 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or email us at
helpdesk@lucintel.com.
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This report answers the following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the plowing and cultivating machinery market by product (harrows, cultivators and tillers, plows, and others), technology (automatic, semi-automatic, and manual), application (soil loosening, clods size reduction, clods sorting, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last five years and what has its impact been on the industry?