China: a Threat to Europe’s Domination in Agricultural Machinery Production?
Global Plowing and Cultivating Machinery Market to Reach $22.2 Billion by 2030
The global market for Plowing and Cultivating Machinery estimated at US$14.6 Billion in the year 2022, is projected to reach a revised size of US$22.2 Billion by 2030, growing at a CAGR of 5.3% over the analysis period 2022-2030.
The U.S. Market is Estimated at $4 Billion, While China is Forecast to Grow at 9.8% CAGR
The Plowing and Cultivating Machinery market in the U.S. is estimated at US$4 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$5.2 Billion by the year 2030 trailing a CAGR of 9.8% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 1.5% and 4.3% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 2.4% CAGR.Select Competitors (Total 122 Featured) -
- AGCO Corporation
- Bush Hog Inc.
- CNH Industrial N.V.
- Deere & Company (John Deere)
- Dewulf NV
- Horsch Maschinen GmbH
- Iseki & Co. Ltd.
- Kuhn Group
- Kverneland Group
- LEMKEN Gmbh & Co. KG
What's New?
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- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
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Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARYIII. MARKET ANALYSISIV. COMPETITION
1. MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- Plowing and Cultivation Machinery - An Integral Part of Agricultural Machinery
- Recent Market Activity
- Increased Agriculture Mechanization Spurs Demand for Plowing and Cultivating Machinery
- Exploding Population & Need for Food Security to Ensure Long-Term Growth
- Developing Regions Push Forward the Market
- Growth Drivers in a Nutshell
- Key Challenges
- Agricultural Machinery Market: A Macro Perspective
- China - A Threat to Europe's Domination in Agricultural Machinery Production?
- Plowing and Cultivating Machinery - Global Key Competitors Percentage Market Share in 2022 (E)
- Impact of Covid-19 and a Looming Global Recession
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
2. FOCUS ON SELECT PLAYERS
- AGCO Corporation (USA)
- Bush Hog, Inc. (USA)
- CNH Industrial N.V. (UK)
- Deere & Company (John Deere) (USA)
- Dewulf NV (Belgium)
- Horsch Maschinen GmbH (Germany)
- Kuhn Group (France)
- Kverneland Group (Norway)
- LEMKEN Gmbh & Co. KG (Germany)
3. MARKET TRENDS & DRIVERS
- Increase in Agricultural Output in Tandem with Population Growth Drive Demand
- Mechanization of Farm Practices Dictate Demand Patterns
- Government Subsidies - An Important Component Supporting Farm Mechanization
- Demand for Bigger Equipment on the Rise
- Used Plowing & Cultivating Machinery Gains Prominence Among Small Farmers
- FDIs to Boost Demand for Plowing and Cultivating Machinery
- Conservation Tillage - An Ecological Cultivating Technique to Reduce Soil Erosion
- No-Till Farming - A Threat to Conventional Tillage
- Disc Seeders Witness Increasing Popularity
- Vertical Tillage: An Alternative for No-Till
- Greater Adoption of Precision Farming Techniques to Influence Product Design
- Technological and Product Innovations Lead the Way
- Major Product Developments in Cultivating Machinery
- Combined Cultivating Machine on the Horizon
4. GLOBAL MARKET PERSPECTIVE
- Table 1: World Recent Past, Current & Future Analysis for Plowing and Cultivating Machinery by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
- Table 2: World Historic Review for Plowing and Cultivating Machinery by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
- Table 3: World 16-Year Perspective for Plowing and Cultivating Machinery by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets for Years 2014, 2023 & 2030
- Table 4: World Plowing and Cultivating Machinery Market Analysis of Annual Sales in US$ Million for Years 2014 through 2030
UNITED STATES
- Plowing and Cultivating Machinery Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2023 (E)
- Table 5: USA Recent Past, Current & Future Analysis for Plowing and Cultivating Machinery by Segment - Plowing and Cultivating Machinery - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
- Table 6: USA Historic Review for Plowing and Cultivating Machinery by Segment - Plowing and Cultivating Machinery Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
CANADA
- Table 7: Canada Recent Past, Current & Future Analysis for Plowing and Cultivating Machinery by Segment - Plowing and Cultivating Machinery - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
- Table 8: Canada Historic Review for Plowing and Cultivating Machinery by Segment - Plowing and Cultivating Machinery Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
JAPAN
- Plowing and Cultivating Machinery Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2023 (E)
- Table 9: Japan Recent Past, Current & Future Analysis for Plowing and Cultivating Machinery by Segment - Plowing and Cultivating Machinery - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
- Table 10: Japan Historic Review for Plowing and Cultivating Machinery by Segment - Plowing and Cultivating Machinery Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
CHINA
- Plowing and Cultivating Machinery Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2023 (E)
- Table 11: China Recent Past, Current & Future Analysis for Plowing and Cultivating Machinery by Segment - Plowing and Cultivating Machinery - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
- Table 12: China Historic Review for Plowing and Cultivating Machinery by Segment - Plowing and Cultivating Machinery Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
EUROPE
- Plowing and Cultivating Machinery Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2023 (E)
- Table 13: Europe Recent Past, Current & Future Analysis for Plowing and Cultivating Machinery by Geographic Region - France, Germany, Italy, UK, Spain, Russia and Rest of Europe Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
- Table 14: Europe Historic Review for Plowing and Cultivating Machinery by Geographic Region - France, Germany, Italy, UK, Spain, Russia and Rest of Europe Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
- Table 15: Europe 16-Year Perspective for Plowing and Cultivating Machinery by Geographic Region - Percentage Breakdown of Value Sales for France, Germany, Italy, UK, Spain, Russia and Rest of Europe Markets for Years 2014, 2023 & 2030
FRANCE
- Plowing and Cultivating Machinery Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2023 (E)
- Table 16: France Recent Past, Current & Future Analysis for Plowing and Cultivating Machinery by Segment - Plowing and Cultivating Machinery - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
- Table 17: France Historic Review for Plowing and Cultivating Machinery by Segment - Plowing and Cultivating Machinery Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
GERMANY
- Plowing and Cultivating Machinery Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2023 (E)
- Table 18: Germany Recent Past, Current & Future Analysis for Plowing and Cultivating Machinery by Segment - Plowing and Cultivating Machinery - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
- Table 19: Germany Historic Review for Plowing and Cultivating Machinery by Segment - Plowing and Cultivating Machinery Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
ITALY
- Table 20: Italy Recent Past, Current & Future Analysis for Plowing and Cultivating Machinery by Segment - Plowing and Cultivating Machinery - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
- Table 21: Italy Historic Review for Plowing and Cultivating Machinery by Segment - Plowing and Cultivating Machinery Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
UNITED KINGDOM
- Plowing and Cultivating Machinery Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2023 (E)
- Table 22: UK Recent Past, Current & Future Analysis for Plowing and Cultivating Machinery by Segment - Plowing and Cultivating Machinery - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
- Table 23: UK Historic Review for Plowing and Cultivating Machinery by Segment - Plowing and Cultivating Machinery Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
SPAIN
- Table 24: Spain Recent Past, Current & Future Analysis for Plowing and Cultivating Machinery by Segment - Plowing and Cultivating Machinery - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
- Table 25: Spain Historic Review for Plowing and Cultivating Machinery by Segment - Plowing and Cultivating Machinery Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
RUSSIA
- Table 26: Russia Recent Past, Current & Future Analysis for Plowing and Cultivating Machinery by Segment - Plowing and Cultivating Machinery - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
- Table 27: Russia Historic Review for Plowing and Cultivating Machinery by Segment - Plowing and Cultivating Machinery Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
REST OF EUROPE
- Table 28: Rest of Europe Recent Past, Current & Future Analysis for Plowing and Cultivating Machinery by Segment - Plowing and Cultivating Machinery - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
- Table 29: Rest of Europe Historic Review for Plowing and Cultivating Machinery by Segment - Plowing and Cultivating Machinery Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
ASIA-PACIFIC
- Plowing and Cultivating Machinery Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2023 (E)
- Table 30: Asia-Pacific Recent Past, Current & Future Analysis for Plowing and Cultivating Machinery by Geographic Region - Australia, India, South Korea and Rest of Asia-Pacific Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
- Table 31: Asia-Pacific Historic Review for Plowing and Cultivating Machinery by Geographic Region - Australia, India, South Korea and Rest of Asia-Pacific Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
- Table 32: Asia-Pacific 16-Year Perspective for Plowing and Cultivating Machinery by Geographic Region - Percentage Breakdown of Value Sales for Australia, India, South Korea and Rest of Asia-Pacific Markets for Years 2014, 2023 & 2030
AUSTRALIA
- Plowing and Cultivating Machinery Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Australia for 2023 (E)
- Table 33: Australia Recent Past, Current & Future Analysis for Plowing and Cultivating Machinery by Segment - Plowing and Cultivating Machinery - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
- Table 34: Australia Historic Review for Plowing and Cultivating Machinery by Segment - Plowing and Cultivating Machinery Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
INDIA
- Plowing and Cultivating Machinery Market Presence - Strong/Active/Niche/Trivial - Key Competitors in India for 2023 (E)
- Table 35: India Recent Past, Current & Future Analysis for Plowing and Cultivating Machinery by Segment - Plowing and Cultivating Machinery - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
- Table 36: India Historic Review for Plowing and Cultivating Machinery by Segment - Plowing and Cultivating Machinery Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
SOUTH KOREA
- Table 37: South Korea Recent Past, Current & Future Analysis for Plowing and Cultivating Machinery by Segment - Plowing and Cultivating Machinery - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
- Table 38: South Korea Historic Review for Plowing and Cultivating Machinery by Segment - Plowing and Cultivating Machinery Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
REST OF ASIA-PACIFIC
- Table 39: Rest of Asia-Pacific Recent Past, Current & Future Analysis for Plowing and Cultivating Machinery by Segment - Plowing and Cultivating Machinery - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
- Table 40: Rest of Asia-Pacific Historic Review for Plowing and Cultivating Machinery by Segment - Plowing and Cultivating Machinery Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
LATIN AMERICA
- Plowing and Cultivating Machinery Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Latin America for 2023 (E)
- Table 41: Latin America Recent Past, Current & Future Analysis for Plowing and Cultivating Machinery by Geographic Region - Argentina, Brazil, Mexico and Rest of Latin America Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
- Table 42: Latin America Historic Review for Plowing and Cultivating Machinery by Geographic Region - Argentina, Brazil, Mexico and Rest of Latin America Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
- Table 43: Latin America 16-Year Perspective for Plowing and Cultivating Machinery by Geographic Region - Percentage Breakdown of Value Sales for Argentina, Brazil, Mexico and Rest of Latin America Markets for Years 2014, 2023 & 2030
ARGENTINA
- Table 44: Argentina Recent Past, Current & Future Analysis for Plowing and Cultivating Machinery by Segment - Plowing and Cultivating Machinery - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
- Table 45: Argentina Historic Review for Plowing and Cultivating Machinery by Segment - Plowing and Cultivating Machinery Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
BRAZIL
- Table 46: Brazil Recent Past, Current & Future Analysis for Plowing and Cultivating Machinery by Segment - Plowing and Cultivating Machinery - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
- Table 47: Brazil Historic Review for Plowing and Cultivating Machinery by Segment - Plowing and Cultivating Machinery Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
MEXICO
- Table 48: Mexico Recent Past, Current & Future Analysis for Plowing and Cultivating Machinery by Segment - Plowing and Cultivating Machinery - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
- Table 49: Mexico Historic Review for Plowing and Cultivating Machinery by Segment - Plowing and Cultivating Machinery Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
REST OF LATIN AMERICA
- Table 50: Rest of Latin America Recent Past, Current & Future Analysis for Plowing and Cultivating Machinery by Segment - Plowing and Cultivating Machinery - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
- Table 51: Rest of Latin America Historic Review for Plowing and Cultivating Machinery by Segment - Plowing and Cultivating Machinery Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
MIDDLE EAST
- Plowing and Cultivating Machinery Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Middle East for 2023 (E)
- Table 52: Middle East Recent Past, Current & Future Analysis for Plowing and Cultivating Machinery by Geographic Region - Iran, Israel, Saudi Arabia, UAE and Rest of Middle East Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
- Table 53: Middle East Historic Review for Plowing and Cultivating Machinery by Geographic Region - Iran, Israel, Saudi Arabia, UAE and Rest of Middle East Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
- Table 54: Middle East 16-Year Perspective for Plowing and Cultivating Machinery by Geographic Region - Percentage Breakdown of Value Sales for Iran, Israel, Saudi Arabia, UAE and Rest of Middle East Markets for Years 2014, 2023 & 2030
IRAN
- Table 55: Iran Recent Past, Current & Future Analysis for Plowing and Cultivating Machinery by Segment - Plowing and Cultivating Machinery - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
- Table 56: Iran Historic Review for Plowing and Cultivating Machinery by Segment - Plowing and Cultivating Machinery Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
ISRAEL
- Table 57: Israel Recent Past, Current & Future Analysis for Plowing and Cultivating Machinery by Segment - Plowing and Cultivating Machinery - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
- Table 58: Israel Historic Review for Plowing and Cultivating Machinery by Segment - Plowing and Cultivating Machinery Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
SAUDI ARABIA
- Table 59: Saudi Arabia Recent Past, Current & Future Analysis for Plowing and Cultivating Machinery by Segment - Plowing and Cultivating Machinery - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
- Table 60: Saudi Arabia Historic Review for Plowing and Cultivating Machinery by Segment - Plowing and Cultivating Machinery Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
UNITED ARAB EMIRATES
- Table 61: UAE Recent Past, Current & Future Analysis for Plowing and Cultivating Machinery by Segment - Plowing and Cultivating Machinery - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
- Table 62: UAE Historic Review for Plowing and Cultivating Machinery by Segment - Plowing and Cultivating Machinery Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
REST OF MIDDLE EAST
- Table 63: Rest of Middle East Recent Past, Current & Future Analysis for Plowing and Cultivating Machinery by Segment - Plowing and Cultivating Machinery - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
- Table 64: Rest of Middle East Historic Review for Plowing and Cultivating Machinery by Segment - Plowing and Cultivating Machinery Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
AFRICA
- Plowing and Cultivating Machinery Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Africa for 2023 (E)
- Table 65: Africa Recent Past, Current & Future Analysis for Plowing and Cultivating Machinery by Segment - Plowing and Cultivating Machinery - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
- Table 66: Africa Historic Review for Plowing and Cultivating Machinery by Segment - Plowing and Cultivating Machinery Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- AGCO Corporation
- Bush Hog Inc.
- CNH Industrial N.V.
- Deere & Company (John Deere)
- Dewulf NV
- Horsch Maschinen GmbH
- Iseki & Co. Ltd.
- Kuhn Group
- Kverneland Group
- LEMKEN Gmbh & Co. KG
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 313 |
| Published | April 2024 |
| Forecast Period | 2020 - 2027 |
| Estimated Market Value ( USD | $ 12.3 Billion |
| Forecasted Market Value ( USD | $ 18.2 Billion |
| Compound Annual Growth Rate | 5.8% |
| Regions Covered | Global |
