Plow Market by Type and Geography - Forecast and Analysis 2020-2024

Plow Market by Type and Geography - Forecast and Analysis 2020-2024

Global Plow Market: About this market

Technavio’s plow market analysis considers sales from both classic plows and modern plows types. Our study also finds the sales of plow in APAC, Europe, MEA, North America, and South America. In 2019, the classic plows segment had a significant market share, and this trend is expected to continue over the forecast period. Factors such as enhanced features and functionalities of classic plows will play a significant role in the classic plows segment to maintain its market position. Also, our global plow market report looks at factors such as availability of varied types of plows, government subsidies for farm equipment, and growing demand for food due to the increasing population. However, the declining level of arable lands, growing preference for used farm equipment, and rental of farm equipment may hamper the growth of the plow industry over the forecast period.

Global Plow Market: Overview

Availability of varied type of plows

Disc plow, chisel plow, subsoiler, and rotary plows are the types of plows available in the global plow market. The availability of plows in several types is likely to encourage the adoption of plows for broader and specific applications on farmland. For instance, sub-soiler plows are used to achieve tillage deeper than moldboard plowing depth, while, disc hollow plows are used before plowing the land to reduce clogging. Thus, the availability of varied types of plows will lead to the expansion of the global plow market at a CAGR of over 5% during the forecast period.

Growing awareness about the benefits of modern plowing machines

Vendors are designing tilling equipment, such as modern plows, to complete more than two tasks at one attempt and minimize the time consumed in making the land ready for cropping. Mechanization of plows helps farmers make harrows at a consistent level, clean the residue, and break substantial amounts of land debris in a single instance of plowing. Mechanization of plows helps in multitasking and improving farming methods to increase crop yield out of land. This development is expected to have a positive impact on the overall market growth.

For the detailed list of factors that will drive the global plow market during the forecast period 2020-2024, click here.

Competitive Landscape

With the presence of several major players, the global plow market is fragmented. Technavio’s robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading plow manufacturers, that include AGCO Corp., Brohawk Group, CNH Industrial NV, Deere & Co., ISEKI & Co. Ltd., Kubota Corp., KUHN Group, LEMKEN GmbH & Co., Mahindra & Mahindra Ltd., and YANMAR HOLDINGS Co. Ltd.

Also, the plow market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.


  • Executive summary
  • Scope of the report
    • Preface
    • Currency conversion rates for US$
  • Market landscape
    • Market ecosystem
      • Table Global agricultural machinery market
      • Table Segments of global agricultural machinery market
    • Market characteristics
      • Table Market characteristics
    • Value chain analysis
    • Market segmentation analysis
      • Table Market segments
  • Market sizing
    • Market definition
      • Table Vendors: Key offerings
      • Table Market definition - Inclusions and exclusions checklist
    • Market sizing 2019
      • Table Market size 2019
    • Market outlook
    • Market size and forecast 2019-2024
      • Table Global market: Size and forecast 2019-2024 ($ millions)
      • Table Global market: Year-over-year growth 2020-2024 (%)
  • Five forces analysis
    • Table Five forces analysis 2019
    • Table Five forces analysis 2024
    • Bargaining power of buyers
      • Table Bargaining power of buyers
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers
    • Threat of new entrants
      • Table Threat of new entrants
    • Threat of substitutes
      • Table Threat of substitutes
    • Threat of rivalry
      • Table Threat of rivalry
    • Market condition
      • Table Market condition - Five forces 2019
  • Market segmentation by type
    • Table Type - Market share 2019-2024 (%)
    • Comparison by type
      • Table Comparison by type
    • Classic plows - Market size and forecast 2019-2024
      • Table Classic plows - Market size and forecast 2019-2024 ($ millions)
      • Table Classic plows - Year-over-year growth 2020-2024 (%)
    • Modern plows - Market size and forecast 2019-2024
      • Table Modern plows - Market size and forecast 2019-2024 ($ millions)
      • Table Modern plows - Year-over-year growth 2020-2024 (%)
    • Market opportunity by type
      • Table Market opportunity by type
  • Customer landscape
    • Table Customer landscape
  • Geographic landscape
    • Geographic segmentation
      • Table Market share by geography 2019-2024 (%)
    • Geographic comparison
      • Table Geographic comparison
    • APAC - Market size and forecast 2019-2024
      • Table APAC - Market size and forecast 2019-2024 ($ millions)
      • Table APAC - Year-over-year growth 2020-2024 (%)
    • North America - Market size and forecast 2019-2024
      • Table North America - Market size and forecast 2019-2024 ($ millions)
      • Table North America - Year-over-year growth 2020-2024 (%)
    • Europe - Market size and forecast 2019-2024
      • Table Europe - Market size and forecast 2019-2024 ($ millions)
      • Table Europe - Year-over-year growth 2020-2024 (%)
    • South America - Market size and forecast 2019-2024
      • Table South America - Market size and forecast 2019-2024 ($ millions)
      • Table South America - Year-over-year growth 2020-2024 (%)
    • MEA - Market size and forecast 2019-2024
      • Table MEA - Market size and forecast 2019-2024 ($ millions)
      • Table MEA - Year-over-year growth 2020-2024 (%)
    • Key leading countries
      • Table Key leading countries
    • Market opportunity
      • Table Market opportunity
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
      • Table Impact of drivers and challenges
  • Market trends
    • Growing awareness about benefits of modern plowing machines
    • New product launches
    • Growing preference for e-commerce platforms
  • Vendor landscape
    • Overview
      • Table Vendor landscape
    • Landscape disruption
      • Table Landscape disruption
    • Competitive scenario
  • Vendor analysis
    • Vendors covered
      • Table Vendors covered
    • Vendor classification
      • Table Vendor classification
    • Market positioning of vendors
      • Table Market positioning of vendors
    • AGCO Corp.
      • Table AGCO Corp. - Vendor overview
      • Table AGCO Corp. - Product segments
      • Table AGCO Corp. - Organizational developments
      • Table AGCO Corp. - Geographic focus
      • Table AGCO Corp. - Segment focus
      • Table AGCO Corp. - Key offerings
    • Brohawk Group
      • Table Brohawk Group - Vendor overview
      • Table Brohawk Group - Product segments
      • Table Brohawk Group - Key offerings
    • CNH Industrial NV
      • Table CNH Industrial NV - Vendor overview
      • Table CNH Industrial NV - Business segments
      • Table CNH Industrial NV - Organizational developments
      • Table CNH Industrial NV - Geographic focus
      • Table CNH Industrial NV - Segment focus
      • Table CNH Industrial NV - Key offerings
    • Deere & Co.
      • Table Deere & Co. - Vendor overview
      • Table Deere & Co. - Business segments
      • Table Deere & Co. - Geographic focus
      • Table Deere & Co. - Segment focus
      • Table Deere & Co. - Key offerings
    • ISEKI & Co. Ltd.
      • Table ISEKI & Co. Ltd. - Vendor overview
      • Table ISEKI & Co. Ltd. - Product segments
      • Table ISEKI & Co. Ltd. - Key offerings
    • Kubota Corp.
      • Table Kubota Corp. - Vendor overview
      • Table Kubota Corp. - Business segments
      • Table Kubota Corp. - Geographic focus
      • Table Kubota Corp. - Segment focus
      • Table Kubota Corp. - Key offerings
    • KUHN Group
      • Table KUHN Group - Vendor overview
      • Table KUHN Group - Product segments
      • Table KUHN Group - Organizational developments
      • Table KUHN Group - Key offerings
    • LEMKEN GmbH & Co.
      • Table LEMKEN GmbH & Co. - Vendor overview
      • Table LEMKEN GmbH & Co. - Product segments
      • Table LEMKEN GmbH & Co. - Organizational developments
      • Table LEMKEN GmbH & Co. - Key offerings
    • Mahindra & Mahindra Ltd.
      • Table Mahindra & Mahindra Ltd. - Vendor overview
      • Table Mahindra & Mahindra Ltd. - Business segments
      • Table Mahindra & Mahindra Ltd. - Organizational developments
      • Table Mahindra & Mahindra Ltd. - Geographic focus
      • Table Mahindra & Mahindra Ltd. - Segment focus
      • Table Mahindra & Mahindra Ltd. - Key offerings
    • YANMAR HOLDINGS Co. Ltd.
      • Table YANMAR HOLDINGS Co. Ltd. - Vendor overview
      • Table YANMAR HOLDINGS Co. Ltd. - Product segments
      • Table YANMAR HOLDINGS Co. Ltd. - Organizational developments
      • Table YANMAR HOLDINGS Co. Ltd. - Key offerings
  • Appendix
    • Research methodology
      • Table Validation techniques employed for market sizing
    • List of abbreviations
    • Definition of market positioning of vendors
      • Table Definition of market positioning of vendors
  • Explore Technavio

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