Ploughing and cultivating machinery market 2023-2027: A descriptive analysis of five forces model, market dynamics, and segmentation - Technavio

NEW YORK, Jan. 17, 2023 /PRNewswire/ -- According to Technavio, the global ploughing and cultivating machinery market size is estimated to grow by USD 4,669.57 million from 2022 to 2027. The market is expected to grow at a CAGR of 6.8% during the forecast period. Moreover, the growth momentum will accelerate. APAC will account for 39% of the growth of the global market during the forecast period. 

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Global ploughing and cultivating machinery market - Five forces
The global ploughing and cultivating machinery market is fragmented, and the five forces analysis covers – 

• Bargaining power of buyers 
• The threat of new entrants
• Threat of rivalry
• Bargaining power of suppliers
• Threat of substitutes
• For an interpretation of Porter's five forces model – buy the report!

Global ploughing and cultivating machinery market – Customer landscape 

The report includes the market's adoption lifecycle, from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Global ploughing and cultivating machinery market - Segmentation assessment

Segment overview
Technavio has segmented the market based on type (ploughing and cultivation parts, planters, transplanters and seeders, weeders and hoes, cultivation machines, and ploughs) and technology (manual, semi automatic, and automatic). 

• The ploughing and cultivation parts segment will grow at a significant rate during the forecast period. With the rise in mechanization and the incorporation of independent functions into farming operations, the need for fully automatic ploughing and cultivating machines has increased. The expansion of the partial autonomy of ploughing and cultivation machines has compelled manufacturers to introduce new products to the market. The growth of the global ploughing and cultivation machinery market is predicted to increase the demand for sustainable agriculture and efficient management of natural resources in the coming years.

Geography overview
Based on geography, the global ploughing and cultivating machinery market is segmented into APAC, Europe, North America, South America, and the Middle East and Africa. The report provides actionable insights and estimates the contribution of all regions to the growth of the global ploughing and cultivating machinery market.

• APAC is estimated to account for 39% of the growth of the global market during the forecast period. China, India, Japan, and Australia are the key countries for the ploughing and cultivating machinery market in the region. This growth is driven by government programs that support sustainable agricultural practices. For instance, the Government of India and several international organizations are implementing various strategies to improve soil health, water management, and irrigation, seed varieties and hybrids, integrated pest management, credit financing, and farm mechanization. In addition, the governments of other countries provide subsidies to farmers for different types of farm and agricultural equipment, including ploughing and cultivating machinery. Such initiatives will fuel the growth of the market in APAC during the forecast period.

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Global ploughing and cultivating machinery market – Market dynamics
Key factor driving market growth

• The growing government support for agricultural practices globally is driving market growth.
• Various government and non-government bodies are introducing initiatives aimed at improving productivity to promote agricultural practices.
• For instance, the European Union offers funding and support to young farmers looking to start a farming business.
• Farmers can use this loan amount to purchase farmland and agricultural equipment such as ploughing and cultivating machinery and improve their agricultural output.
• Such initiatives will support the growth of the global ploughing and cultivating machinery market during the forecast period.

Leading trends influencing the market 

• The increasing number of product launches is a key trend in the market.
• Vendors focus on extending their product range by launching new products, which helps them increase the sales of ploughing and cultivation machines.
• Vendors are also trying to attract consumers by introducing new machines with advanced features and are offering ploughing and cultivating machines with patented features.
• In addition, they focus on providing low-capacity ploughing and cultivation machines to meet the needs of small farm owners.
• Thus, the introduction of new models will help increase sales, which, in turn, will positively impact the growth of the global ploughing and cultivation machinery market during the forecast period.

Major challenges hindering market growth

• The high cost of ploughing and cultivating machinery is challenging market growth.
• The use of ploughing and cultivating machines in agricultural fields is limited, and the investment required is very high.
• The high cost makes the purchase of such equipment a challenge for small and medium-sized farmers.
• Moreover, due to their limited use, ploughing and cultivating machines are considered less important than other agricultural machines.
• These factors are expected to control the growth of the market during the forecast period.

Drivers, trends, and challenges have an impact on market dynamics, which can impact businesses. Find some insights from a sample report!

What are the key data covered in this ploughing and cultivating machinery market report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the ploughing and cultivating machinery market between 2023 and 2027
• Precise estimation of the size of the ploughing and cultivating machinery market and its contribution to the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the ploughing and cultivating machinery market industry across APAC, Europe, North America, South America, and Middle East and Africa
• A thorough analysis of the market's competitive landscape and detailed information about vendors
• Comprehensive analysis of factors that will challenge the growth of ploughing and cultivating machinery market vendors

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Table of contents

1 Executive Summary

• 1.1 Market overview 
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Type
• Exhibit 06: Executive Summary – Chart on Market Segmentation by Technology
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem 
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition 
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022

• 3.4 Market outlook: Forecast for 2022-2027 
• Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global ploughing and cultivating machinery market 2017 - 2021 
• Exhibit 18: Historic Market Size – Data Table on Global ploughing and cultivating machinery market 2017 - 2021 ($ million)

• 4.2 Type Segment Analysis 2017 - 2021 
• Exhibit 19: Historic Market Size – Type Segment 2017 - 2021 ($ million)

• 4.3 Technology Segment Analysis 2017 - 2021
• Exhibit 20: Historic Market Size – Technology Segment 2017 - 2021 ($ million)

• 4.4 Geography Segment Analysis 2017 - 2021 
• Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)

• 4.5 Country Segment Analysis 2017 - 2021 
• Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

5 Five Forces Analysis

• 5.1 Five forces summary 
• Exhibit 23: Five forces analysis - Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry 
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition 
• Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Type

• 6.1 Market segments 
• Exhibit 30: Chart on Type - Market share 2022-2027 (%)
• Exhibit 31: Data Table on Type - Market share 2022-2027 (%)

• 6.2 Comparison by Type 
• Exhibit 32: Chart on Comparison by Type
• Exhibit 33: Data Table on Comparison by Type

• 6.3 Ploughing and cultivation parts - Market size and forecast 2022-2027 
• Exhibit 34: Chart on Ploughing and cultivation parts - Market size and forecast 2022-2027 ($ million)
• Exhibit 35: Data Table on Ploughing and cultivation parts - Market size and forecast 2022-2027 ($ million)
• Exhibit 36: Chart on Ploughing and cultivation parts - Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on Ploughing and cultivation parts - Year-over-year growth 2022-2027 (%)

• 6.4 Planters, transplanters and seeders - Market size and forecast 2022-2027 
• Exhibit 38: Chart on Planters, transplanters and seeders - Market size and forecast 2022-2027 ($ million)
• Exhibit 39: Data Table on Planters, transplanters and seeders - Market size and forecast 2022-2027 ($ million)
• Exhibit 40: Chart on Planters, transplanters and seeders - Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on Planters, transplanters and seeders - Year-over-year growth 2022-2027 (%)

• 6.5 Weeders and hoes - Market size and forecast 2022-2027
• Exhibit 42: Chart on Weeders and hoes - Market size and forecast 2022-2027 ($ million)
• Exhibit 43: Data Table on Weeders and hoes - Market size and forecast 2022-2027 ($ million)
• Exhibit 44: Chart on Weeders and hoes - Year-over-year growth 2022-2027 (%)
• Exhibit 45: Data Table on Weeders and hoes - Year-over-year growth 2022-2027 (%)

• 6.6 Cultivation machines - Market size and forecast 2022-2027
• Exhibit 46: Chart on Cultivation machines - Market size and forecast 2022-2027 ($ million)
• Exhibit 47: Data Table on Cultivation machines - Market size and forecast 2022-2027 ($ million)
• Exhibit 48: Chart on Cultivation machines - Year-over-year growth 2022-2027 (%)
• Exhibit 49: Data Table on Cultivation machines - Year-over-year growth 2022-2027 (%)

• 6.7 Ploughs - Market size and forecast 2022-2027
• Exhibit 50: Chart on Ploughs - Market size and forecast 2022-2027 ($ million)
• Exhibit 51: Data Table on Ploughs - Market size and forecast 2022-2027 ($ million)
• Exhibit 52: Chart on Ploughs - Year-over-year growth 2022-2027 (%)
• Exhibit 53: Data Table on Ploughs - Year-over-year growth 2022-2027 (%)

• 6.8 Market opportunity by Type 
• Exhibit 54: Market opportunity by Type ($ million)

7 Market Segmentation by Technology

• 7.1 Market segments 
• Exhibit 55: Chart on Technology - Market share 2022-2027 (%)
• Exhibit 56: Data Table on Technology - Market share 2022-2027 (%)

• 7.2 Comparison by Technology 
• Exhibit 57: Chart on Comparison by Technology
• Exhibit 58: Data Table on Comparison by Technology

• 7.3 Manual - Market size and forecast 2022-2027
• Exhibit 59: Chart on Manual - Market size and forecast 2022-2027 ($ million)
• Exhibit 60: Data Table on Manual - Market size and forecast 2022-2027 ($ million)
• Exhibit 61: Chart on Manual - Year-over-year growth 2022-2027 (%)
• Exhibit 62: Data Table on Manual - Year-over-year growth 2022-2027 (%)

• 7.4 Semi automatic - Market size and forecast 2022-2027
• Exhibit 63: Chart on Semi automatic - Market size and forecast 2022-2027 ($ million)
• Exhibit 64: Data Table on Semi automatic - Market size and forecast 2022-2027 ($ million)
• Exhibit 65: Chart on Semi automatic - Year-over-year growth 2022-2027 (%)
• Exhibit 66: Data Table on Semi automatic - Year-over-year growth 2022-2027 (%)

• 7.5 Automatic - Market size and forecast 2022-2027
• Exhibit 67: Chart on Automatic - Market size and forecast 2022-2027 ($ million)
• Exhibit 68: Data Table on Automatic - Market size and forecast 2022-2027 ($ million)
• Exhibit 69: Chart on Automatic - Year-over-year growth 2022-2027 (%)
• Exhibit 70: Data Table on Automatic - Year-over-year growth 2022-2027 (%)

• 7.6 Market opportunity by Technology 
• Exhibit 71: Market opportunity by Technology ($ million)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 72: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 73: Chart on Market share by geography 2022-2027 (%)
• Exhibit 74: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 75: Chart on Geographic comparison
• Exhibit 76: Data Table on Geographic comparison

• 9.3 APAC - Market size and forecast 2022-2027
• Exhibit 77: Chart on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 78: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 79: Chart on APAC - Year-over-year growth 2022-2027 (%)
• Exhibit 80: Data Table on APAC - Year-over-year growth 2022-2027 (%)

• 9.4 Europe - Market size and forecast 2022-2027
• Exhibit 81: Chart on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 82: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 83: Chart on Europe - Year-over-year growth 2022-2027 (%)
• Exhibit 84: Data Table on Europe - Year-over-year growth 2022-2027 (%)

• 9.5 North America - Market size and forecast 2022-2027
• Exhibit 85: Chart on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 86: Data Table on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 87: Chart on North America - Year-over-year growth 2022-2027 (%)
• Exhibit 88: Data Table on North America - Year-over-year growth 2022-2027 (%)

• 9.6 South America - Market size and forecast 2022-2027
• Exhibit 89: Chart on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 90: Data Table on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 91: Chart on South America - Year-over-year growth 2022-2027 (%)
• Exhibit 92: Data Table on South America - Year-over-year growth 2022-2027 (%)

• 9.7 Middle East and Africa - Market size and forecast 2022-2027 
• Exhibit 93: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 94: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 95: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
• Exhibit 96: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

• 9.8 US - Market size and forecast 2022-2027
• Exhibit 97: Chart on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 98: Data Table on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 99: Chart on US - Year-over-year growth 2022-2027 (%)
• Exhibit 100: Data Table on US - Year-over-year growth 2022-2027 (%)

• 9.9 China - Market size and forecast 2022-2027
• Exhibit 101: Chart on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 102: Data Table on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 103: Chart on China - Year-over-year growth 2022-2027 (%)
• Exhibit 104: Data Table on China - Year-over-year growth 2022-2027 (%)

• 9.10 India - Market size and forecast 2022-2027
• Exhibit 105: Chart on India - Market size and forecast 2022-2027 ($ million)
• Exhibit 106: Data Table on India - Market size and forecast 2022-2027 ($ million)
• Exhibit 107: Chart on India - Year-over-year growth 2022-2027 (%)
• Exhibit 108: Data Table on India - Year-over-year growth 2022-2027 (%)

• 9.11 Indonesia - Market size and forecast 2022-2027
• Exhibit 109: Chart on Indonesia - Market size and forecast 2022-2027 ($ million)
• Exhibit 110: Data Table on Indonesia - Market size and forecast 2022-2027 ($ million)
• Exhibit 111: Chart on Indonesia - Year-over-year growth 2022-2027 (%)
• Exhibit 112: Data Table on Indonesia - Year-over-year growth 2022-2027 (%)

• 9.12 Brazil - Market size and forecast 2022-2027
• Exhibit 113: Chart on Brazil - Market size and forecast 2022-2027 ($ million)
• Exhibit 114: Data Table on Brazil - Market size and forecast 2022-2027 ($ million)
• Exhibit 115: Chart on Brazil - Year-over-year growth 2022-2027 (%)
• Exhibit 116: Data Table on Brazil - Year-over-year growth 2022-2027 (%)

• 9.13 Market opportunity by geography 
• Exhibit 117: Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers

• 10.2 Market challenges

• 10.3 Impact of drivers and challenges 
• Exhibit 118: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends

11 Vendor Landscape

• 11.1 Overview

• 11.2 Vendor landscape 
• Exhibit 119: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption 
• Exhibit 120: Overview on factors of disruption

• 11.4 Industry risks 
• Exhibit 121: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered 
• Exhibit 122: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 123: Matrix on vendor position and classification

• 12.3 AGCO Corp. 
• Exhibit 124: AGCO Corp. - Overview
• Exhibit 125: AGCO Corp. - Business segments
• Exhibit 126: AGCO Corp. - Key news
• Exhibit 127: AGCO Corp. - Key offerings
• Exhibit 128: AGCO Corp. - Segment focus

• 12.4 Alamo Group Inc. 
• Exhibit 129: Alamo Group Inc. - Overview
• Exhibit 130: Alamo Group Inc. - Business segments
• Exhibit 131: Alamo Group Inc. - Key offerings
• Exhibit 132: Alamo Group Inc. - Segment focus

• 12.5 BEDNAR FMT sro 
• Exhibit 133: BEDNAR FMT sro - Overview
• Exhibit 134: BEDNAR FMT sro - Product / Service
• Exhibit 135: BEDNAR FMT sro - Key offerings

• 12.6 Bucher Industries AG 
• Exhibit 136: Bucher Industries AG - Overview
• Exhibit 137: Bucher Industries AG - Business segments
• Exhibit 138: Bucher Industries AG - Key news
• Exhibit 139: Bucher Industries AG - Key offerings
• Exhibit 140: Bucher Industries AG - Segment focus

• 12.7 CNH Industrial NV 
• Exhibit 141: CNH Industrial NV - Overview
• Exhibit 142: CNH Industrial NV - Business segments
• Exhibit 143: CNH Industrial NV - Key news
• Exhibit 144: CNH Industrial NV - Key offerings
• Exhibit 145: CNH Industrial NV - Segment focus

• 12.8 Deere and Co. 
• Exhibit 146: Deere and Co. - Overview
• Exhibit 147: Deere and Co. - Business segments
• Exhibit 148: Deere and Co. - Key news
• Exhibit 149: Deere and Co. - Key offerings
• Exhibit 150: Deere and Co. - Segment focus

• 12.9 Dewulf 
• Exhibit 151: Dewulf - Overview
• Exhibit 152: Dewulf - Product / Service
• Exhibit 153: Dewulf - Key offerings

• 12.10 Great Plains Manufacturing Inc. 
• Exhibit 154: Great Plains Manufacturing Inc. - Overview
• Exhibit 155: Great Plains Manufacturing Inc. - Product / Service
• Exhibit 156: Great Plains Manufacturing Inc. - Key offerings

• 12.11 Gregoire Besson SAS 
• Exhibit 157: Gregoire Besson SAS - Overview
• Exhibit 158: Gregoire Besson SAS - Product / Service
• Exhibit 159: Gregoire Besson SAS - Key offerings

• 12.12 HORSCH Maschinen GmbH 
• Exhibit 160: HORSCH Maschinen GmbH - Overview
• Exhibit 161: HORSCH Maschinen GmbH - Product / Service
• Exhibit 162: HORSCH Maschinen GmbH - Key offerings

• 12.13 Kubota Corp. 
• Exhibit 163: Kubota Corp. - Overview
• Exhibit 164: Kubota Corp. - Business segments
• Exhibit 165: Kubota Corp. - Key news
• Exhibit 166: Kubota Corp. - Key offerings
• Exhibit 167: Kubota Corp. - Segment focus

• 12.14 Landoll Co. LLC 
• Exhibit 168: Landoll Co. LLC - Overview
• Exhibit 169: Landoll Co. LLC - Product / Service
• Exhibit 170: Landoll Co. LLC - Key offerings

• 12.15 LEMKEN GmbH and Co. KG 
• Exhibit 171: LEMKEN GmbH and Co. KG - Overview
• Exhibit 172: LEMKEN GmbH and Co. KG - Product / Service
• Exhibit 173: LEMKEN GmbH and Co. KG - Key offerings

• 12.16 Mahindra and Mahindra Ltd. 
• Exhibit 174: Mahindra and Mahindra Ltd. - Overview
• Exhibit 175: Mahindra and Mahindra Ltd. - Business segments
• Exhibit 176: Mahindra and Mahindra Ltd. - Key news
• Exhibit 177: Mahindra and Mahindra Ltd. - Key offerings
• Exhibit 178: Mahindra and Mahindra Ltd. - Segment focus

• 12.17 Titan Machinery 
• Exhibit 179: Titan Machinery - Overview
• Exhibit 180: Titan Machinery - Business segments
• Exhibit 181: Titan Machinery - Key offerings
• Exhibit 182: Titan Machinery - Segment focus

13 Appendix

• 13.1 Scope of the report

• 13.2 Inclusions and exclusions checklist 
• Exhibit 183: Inclusions checklist
• Exhibit 184: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 185: Currency conversion rates for US$

• 13.4 Research methodology 
• Exhibit 186: Research methodology
• Exhibit 187: Validation techniques employed for market sizing
• Exhibit 188: Information sources

• 13.5 List of abbreviations 
• Exhibit 189: List of abbreviations

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