Plowing and Cultivating Machinery Market Forecasts to 2028 – Global Analysis By Product (Harrows, Cultivators and Tillers and Plows), Type (Planters, Transplanters and Seeders and Cultivation Machines and Other Types), Technology (Automatic, Semi-automati

Plowing and Cultivating Machinery Market Forecasts to 2028 – Global Analysis By Product (Harrows, Cultivators and Tillers and Plows), Type (Planters, Transplanters and Seeders and Cultivation Machines and Other Types), Technology (Automatic, Semi-automatic and Manual), Application (Soil Loosening, Clods Size Reduction, Clods Sorting and Other Applications), and By Geography

According to Stratistics MRC, the Global Plowing and Cultivating Machinery Market is accounted for $4.73 billion in 2022 and is expected to reach $6.32 billion by 2028 growing at a CAGR of 4.96% during the forecast period. Agriculture activities are simplified and crop yield is increased with the aid of Plowing and cultivators. In order to establish a structural sowing layer that is straight, grained, and uniform, ploughing is a crucial soil management technique. Agriculture operations are made simple and quick due to ploughs, harrows, cultivators, tillers, and other Plowing and cultivating equipment.

According to the National Agriculture Statistical Service's Farm Labour Survey self-employment and family farming have decreased by 73% while hired farmworkers decreased by 52% in the United States.

Market Dynamics

Driver

Growing government support for agricultural practices

Numerous governmental and non-governmental organisations are launching a number of efforts to improve production as a means of promoting agricultural practises. Young farmers also receive priority status for direct payment entitlements from the national/regional reserve due to the funding, which is available for up to five years following the beginning of farming operations. Such programmes encourage farmers in the area to invest in and use cultivating and plowing machinery. With the help of this loan, farmers can increase the productivity of their crops by buying farmland and agricultural machinery like cultivating and plowing tools.

Restraint

High cost of ploughing and cultivating machinery

In agricultural lands, there hasn't been much use of ploughs and cultivating equipment. Such equipment typically requires a substantial investment because it is only used during sowing. Additionally, the usage of air drills is constrained because they can only be utilised on big, compacted fields. For small and medium-sized farmers with limited financial means, the acquisition of such equipment presents a barrier due to the high cost of ploughing and cultivating machinery and their limited use. Farmers in developing nations make up a sizable portion of the population and have modest budgets for new agricultural equipment. As a result, market expansion is anticipated to slow down during the coming years.

Opportunity

Increasing number of product launches

The goal of market players is to increase the number of products they offer by introducing new ones. The release of new goods onto the market aids suppliers in boosting sales of cultivation and ploughing equipment and, consequently, their market share. By releasing new machines with cutting-edge features and providing cultivating and ploughing machines with patented features, market vendors are attempting to draw in more customers. To suit the needs of small farm owners, they also put a lot of effort into creating lower-capacity ploughing and cultivating machinery. As a result, the launch of new models will aid in driving up sales, which will favourably impact the expansion of the global market for ploughing and cultivating machines over the course of the forecast year.

Threat

Soil compaction

More persistent soil damage is caused by heavy agricultural machinery than previously thought, according to studies. This could result in lower crop yields and more agricultural land degradation. Ploughing can result in soil compaction, which can decrease soil aeration and water infiltration, especially if the soil is damp or heavy. Increased soil density, decreased air volume, and a decreased ability to drain excess water are characteristics of compacted soil. Additionally, it can cause soil erosion, especially where there are slopes or strong winds, which will result in the loss of precious topsoil.

Covid-19 Impact

Lockdowns, company closures, and travel bans caused by the COVID-19 epidemic have had a negative impact on the economies of many different nations. Major industries experienced severe disruptions, including limitations on the supply chain and the closure of warehouse facilities. Additionally, the limits on the production and service of sectors like agriculture resulted in a drop in demand for plough and cultivating equipment, significantly affecting the market and causing a loss of revenue. Moreover, the geographical expansion, corporate collaboration, and partnership options for the producers of plowing and cultivating machinery are being hampered by the limits put in place by governments and the resulting price increases. These elements have therefore hindered the market from expanding.

The plows segment is expected to be the largest during the forecast period

The plows segment is estimated to have a lucrative growth. Ploughs are a type of farming machinery that break up the soil and perform tillage. It's an ancient farming technique that was used in numerous nations, including Egypt, Mesopotamia, India, and China. Farmers who have continuously improved the usage of the plough over time have served as both an inspiration for innovators and developers.

The soil loosening segment is expected to have the highest CAGR during the forecast period

The soil loosening segment is anticipated to witness the fastest CAGR growth during the forecast period, due to its capacity to raise crop output and improve soil quality. Farmers are increasingly turning to the soilless way of production since it requires less time and labour than traditional farming techniques. This technique also aids in a 60% reduction in water consumption when compared to conventional techniques, demonstrating its viability as a greener farming method on a worldwide scale.

Region with highest share

North America is projected to hold the largest market share during the forecast period owing to the increase in demand for cutting-edge contemporary agricultural machinery. In areas like the United States and Canada, plowing and cultivating equipment is in high demand. Due to the region's burgeoning population and a shortage of competent labour in the agricultural industry, the market in this area is also growing. Moreover, the regional need for ploughs and cultivating machinery is being fuelled by a lack of resources like water and fertile land.

Region with highest CAGR

Asia Pacific is projected to have the highest CAGR over the forecast period, owing to the expansion of agriculture in nations like China, India, Indonesia, the Philippines, Thailand, and Vietnam, among others. Additionally, ploughing and cultivating equipment is crucial for raising farm output, which further stimulates regional economy.

Key players in the market

Some of the key players profiled in the Plowing and Cultivating Machinery Market include Gregoire-Besson S.A.S, Kuhn North America, Inc., Kubota Corporation, Deere & Company (John Deere), Opico Corporation, CNH Industrial NV, Poettinger US Inc., Lemken GmbH & Co. KG, McFarlane Mfg. Co., Kverneland AS, Titan Machinery, Iseki & Co. Ltd, AGCO Corporation, Landoll Corporation, Great Plains Manufacturing, Inc., Dewulf B.V., Horsch L.L.C., Bush Hog Inc., Bednar Fmt s.r.o and The Toro Company.

Key Developments

In December 2017, After Kverneland Group launch of Turbo cultivator in 6.5m and 8m trail versions in Holland successfully in October 2017, the company decided to introduce Turbo cultivator in working width of 3m and 3.5m to capture major demand from small farmers in the market

In July 2017, Kuhn Group launched a new 3 metre version, the PERFORMER 3000, non-powered, deep working disc and cultivator at Cereal event 2017.

Products Covered
• Harrows
• Cultivators and Tillers
• Plows
• Other Products

Types Covered
• Planters, Transplanters and Seeders
• Cultivation Machines
• Ploughing and Cultivation Parts
• Weeders and Hoes
• Ploughs
• Other Types

Technologies Covered
• Automatic
• Semi-automatic
• Manual

Applications Covered
• Soil Loosening
• Clods Size Reduction
• Clods Sorting
• Other Applications

Regions Covered
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa

What our report offers
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities,Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements