The global agricultural shredder machine market size was valued at $1,576.6 million in 2021, and is projected to reach $2,379.7 million by 2031, registering a CAGR of 4.2% from 2022 to 2031.
The agricultural shredder machine consists of bearing structure, drive machine, cutting chamber, rotor, shredding chamber, and blades that compose agricultural shredders and cutters. These are mounted to agricultural gears such as tractors, or permanently placed to perform agricultural cutting and shredding activities. In addition, by using shredder it helps to achieve better operational efficiency by investing in agricultural shredders and cutters. These agricultural shredders are ideal for shredding agricultural waste, farm waste, and garden waste.
Major factors that drive the global development of the agriculture shredder and cutters market is a growth in awareness of the importance of innovative farming methods. The utilization of this machine saves time and helps in difficult work, which thus can be utilized to perform different tasks. In the agricultural shredders market, players have adopted acquisition as their key developmental strategy to increase their geographical foothold and enhance their product technologies. Deere & Company, for instance, completed its acquisition of Unimil, a leading Brazilian company in the aftermarket service parts business for sugarcane harvesters, in September 2020. Unimil is anticipated to assist John Deere in delivering business evolution, altering operational models and modernizing agricultural production systems, as well as assisting John Deere customers in being profitable and sustainable throughout the full lifecycle of their products
The market is segmented on the basis of product type, automation grade, business type, and region. On the basis of product type, the market is divided into flail mowers and shredders, rotary cutters and grooming mowers. On the basis of automation grade, the market is divided into automatic and Semi-automatic. On the basis of business type, the market is divided into original equipment manufacturing (OEM) and aftermarket. Region-wise, the global market analysis is conducted across North America (the U.S., Canada, and Mexico), Europe (UK, France, Germany, Italy, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and Rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa).
The agricultural shredder machine consists of bearing structure, drive machine, cutting chamber, rotor, shredding chamber, and blades that compose agricultural shredders and cutters. These are mounted to agricultural gears such as tractors, or permanently placed to perform agricultural cutting and shredding activities. In addition, by using shredder it helps to achieve better operational efficiency by investing in agricultural shredders and cutters. These agricultural shredders are ideal for shredding agricultural waste, farm waste, and garden waste.
Major factors that drive the global development of the agriculture shredder and cutters market is a growth in awareness of the importance of innovative farming methods. The utilization of this machine saves time and helps in difficult work, which thus can be utilized to perform different tasks. In the agricultural shredders market, players have adopted acquisition as their key developmental strategy to increase their geographical foothold and enhance their product technologies. Deere & Company, for instance, completed its acquisition of Unimil, a leading Brazilian company in the aftermarket service parts business for sugarcane harvesters, in September 2020. Unimil is anticipated to assist John Deere in delivering business evolution, altering operational models and modernizing agricultural production systems, as well as assisting John Deere customers in being profitable and sustainable throughout the full lifecycle of their products
The market is segmented on the basis of product type, automation grade, business type, and region. On the basis of product type, the market is divided into flail mowers and shredders, rotary cutters and grooming mowers. On the basis of automation grade, the market is divided into automatic and Semi-automatic. On the basis of business type, the market is divided into original equipment manufacturing (OEM) and aftermarket. Region-wise, the global market analysis is conducted across North America (the U.S., Canada, and Mexico), Europe (UK, France, Germany, Italy, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and Rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa).
COMPETITION ANALYSIS
The key players that operate in the agricultural shredder machine market are AGCO Corporation Bamford Excavators Limited, Deere & Company, Bobcat Company, Kubota Corporation, Daedong Industrial Co., Ltd, Iseki & Co., Ltd., Changzhou Dongfeng Agricultural Machinery Group Co., Ltd, Mahindra & Mahindra Limited, Brown Manufacturing Corporation, Bertolini, Landoll Company, LLC, BEFCO, Inc, Alamo Group, Woods Equipment Co., Inc., BERI UDYOG PRIVATE LIMITED, and Diamond Mowers, LLC.KEY BENEFITS FOR STAKEHOLDERS
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the agricultural shredder machine market analysis from 2021 to 2031 to identify the prevailing agricultural shredder machine market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the agricultural shredder machine market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global agricultural shredder machine market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Product Type
- Flail Mowers and Shredders
- Rotary Cutters
- Grooming Mowers
By Automation Grade
- Automatic
- Semi-Automatic
By Business Type
- Original Equipment Manufacturer (OEM)
- Aftermarket
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- U.K.
- Italy
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
Key Market Players
- AGCO Corp.
- JC Bamford Excavators Limited
- Deere & Company
- Kubota Corporation
- Daedong Industrial Co., Ltd
- Iseki & Co., Ltd.
- Mahindra & Mahindra Limited
- Bobcat Company
- Changzhou Dongfeng Agricultural Machinery Group Co., Ltd
- Brown Manufacturing Corporation
- Bertolini
- Landoll Company, LLC
- BEFCO, Inc
- Alamo Group
- Woods Equipment Co., Inc.
- BERI UDYOG PRIVATE LIMITED
- Diamond Mowers, LLC
Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: AGRICULTURAL SHREDDER MACHINE MARKET, BY PRODUCT TYPE
CHAPTER 5: AGRICULTURAL SHREDDER MACHINE MARKET, BY AUTOMATION GRADE
CHAPTER 6: AGRICULTURAL SHREDDER MACHINE MARKET, BY BUSINESS TYPE
CHAPTER 7: AGRICULTURAL SHREDDER MACHINE MARKET, BY REGION
CHAPTER 8: COMPANY LANDSCAPE
CHAPTER 9: COMPANY PROFILES
List of Tables
List of Figures
Executive Summary
According to the report, titled, “Agricultural Shredder Machine Market," the agricultural shredder machine market size was valued at $1.58 billion in 2021, and is estimated to reach $2.38 billion by 2031, growing at a CAGR of 4.2% from 2022 to 2031.Agricultural shredders are used to shred agricultural farm waste both dry and wet, so that it can be recycled into organic manure by shredding it into small pieces and decomposing it. The shredded & pulverized waste can be used as organic manure on the field to enhance the moisture content and fertility of the soil, while reducing the need for chemical fertilizers. These agricultural shredders are ideal for shredding agricultural waste, farm waste, and garden waste.
Increase in awareness about the importance of innovative farming methods in agriculture sector is one of the major factors for the growth of the agriculture shredder machine market. In addition, the use of these equipment saves time and manual labor, which increase the efficiency and productivity. Furthermore, in developing nations, the seldom usage of agrarian shredders and cutters lead to the adoption of new technologies limiting the agricultural shredder machine market growth.
Major players have adopted product launch and acquisition as a key strategy to sustain the competition and improve the product portfolio. For instance, in March 2021, Massey Ferguson introduced RB 4160P Protec combo baler. Producers may now focus on harvesting forage at optimum condition retaining its nutritional value for livestock. The Protec, combines all the features of the RB Series silage balers with an integrated bale-wrapping unit, allowing producers to harvest and ensile high-moisture forages in one simple process.
Asia-Pacific accounting for around 44% share of the global market, has dominated the global agricultural shredder machine market share in terms of revenue in 2021 owing to the rise in urbanization and growth of agriculture sector.
However, during the COVID-19 pandemic, various manufacturers in the agricultural shredder machine market had to stop their business in countries such as China, the U.S., and India. This break directly impacted the sales of agriculture shredder machine companies. In addition, lack of manpower and raw materials also constricted supply of equipment of agricultural shredder machine, which negatively influenced the growth of the market. However, reopening of production facilities and introduction of vaccines for coronavirus disease are anticipated to lead to re-opening of agricultural shredder machine companies.
According to Sonali Singh, Lead Analyst, Construction and Manufacturing, “The agricultural sector plays a vital role in developing and underdeveloped countries, where majority population is engaged in farming activities. Thus, the economic growth of these countries is majorly dependent on the volume of crops produced, which is assisted using advanced agricultural machinery. Furthermore, governments in these nations offer incentives and loans to farmers to motivate the use of agricultural equipment, which increases the cultivation of crops. Thus, all these factors collectively are anticipated to create lucrative growth opportunities for the agriculture shredder machine market during the forecast period.”
Key Findings of the Study
- The report provides an extensive analysis of the current and emerging global agricultural shredder machine market trends and dynamics.
- Depending on product type, the rotary cutters segment has dominated the agricultural shredder machine market, in terms of revenue in 2021 and flail mowers and shredders system is projected to grow at a significant CAGR during the forecast period.
- By automation grade, the semi-automatic segment has registered highest revenue in 2021.
- Asia-Pacific is projected to register highest growth rate in the coming years.
- The key players within the global agricultural shredder machine market analysis are profiled in this report, and their strategies are analyzed thoroughly, which help understand competitive outlook of the agricultural shredder machine industry.
- The agricultural shredder machine market forecast analysis from 2022 to 2031 is included in the report.
Companies Mentioned
- Agco Corp.
- Jc Bamford Excavators Limited
- Deere & Company
- Kubota Corporation
- Daedong Industrial Co. Ltd
- Iseki & Co. Ltd.
- Mahindra & Mahindra Limited
- Bobcat Company
- Changzhou Dongfeng Agricultural Machinery Group Co. Ltd
- Brown Manufacturing Corporation
- Bertolini
- Landoll Company, LLC
- Befco, Inc
- Alamo Group
- Woods Equipment Co. Inc.
- Beri Udyog Private Limited
- Diamond Mowers, LLC
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 220 |
| Published | July 2022 |
| Forecast Period | 2021 - 2031 |
| Estimated Market Value ( USD | $ 1576.6 million |
| Forecasted Market Value ( USD | $ 2379.7 million |
| Compound Annual Growth Rate | 4.2% |
| Regions Covered | Global |
| No. of Companies Mentioned | 17 |
