Plowing and Cultivating Machinery Market: Trends, Opportunities and Competitive Analysis [2023-2028]

Plowing and Cultivating Machinery Market Trends and Forecast

The future of the global 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.

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Plowing and Cultivating Machinery Market by Segment

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

List of Plowing and Cultivating Machinery Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies, plowing and cultivating machinery companies cater to increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the plowing and cultivating machinery companies profiled in this report include:

• Gregoire-Besson
• Kuhn North America
• Kubota
• Deere & Company
• Opico
• CNH Industrial NV
• Poettinger US

Plowing and Cultivating Machinery Market Insights

• Lucintel forecasts that plow will remain the largest segment over the forecast period as it helps in tillage and breaking of soil.
• 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 farm 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.

Features of the Plowing and Cultivating Machinery Market

• Market Size Estimates: Plowing and cultivating machinery market size estimation in terms of value ($B)
• Trend And Forecast Analysis: Market trends (2017-2022) and forecast (2023-2028) by various segments and regions.
• Segmentation Analysis: Plowing and cultivating machinery market size by various segments, such as by product, technology, application, and region
• Regional Analysis: Plowing and cultivating machinery market breakdown by North America, Europe, Asia Pacific, and the Rest of the World.
• Growth Opportunities: Analysis on growth opportunities in different products, technologies, applications, and regions for the plowing and cultivating machinery market.
• Strategic Analysis: This includes M&A, new product development, and competitive landscape for the plowing and cultivating machinery market.
• Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

• Q1. What is the plowing and cultivating machinery market size?
• Answer: The global plowing and cultivating machinery market is expected to reach an estimated $19.6 billion by 2028.
• Q2. What is the growth forecast for plowing and cultivating machinery market?
• Answer: The global plowing and cultivating machinery market is expected to grow with a CAGR of 5.8% from 2023 to 2028.
• Q3. What are the major drivers influencing the growth of the plowing and cultivating machinery market?
• Answer: 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.
• Q4. What are the major segments for plowing and cultivating machinery market?
• Answer: The future of the plowing and cultivating machinery market looks promising with opportunities in the soil loosening, clods size reduction, and clods sorting applications.
• Q5. Who are the key plowing and cultivating machinery companies?
• Answer: Some of the key plowing and cultivating machinery companies are as follows:
  • Gregoire-Besson
  • Kuhn North America
  • Kubota
  • Deere & Company
  • Opico
  • CNH Industrial NV
  • Poettinger US
• Q6. Which plowing and cultivating machinery segment will be the largest in future?
• Answer:Lucintel forecasts that plow will remain the largest segment over the forecast period as it helps in tillage and breaking of soil.
• Q7. In plowing and cultivating machinery market, which region is expected to be the largest in next 5 years?
• Answer: 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.
• Q8. Do we receive customization in this report?
• Answer: Yes, Lucintel provides 10% Customization Without any Additional Cost.

This report answers following 11 key questions

• Q.1. What are some of the most promising, high-growth opportunities for the global 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?