The industry research report titled, “Asia Pacific Agricultural Equipment Industry Outlook to 2018 – Expanding
Market for Large Sized Tractors” provides comprehensive analysis of market
size of agricultural equipments such as tractors (small and medium-large tractors),
combine harvesters, rice transplanters, threshers, tillers, balers, rotavators
and cotton processing machinery in Asia Pacific, India, China, Japan, Australia
and other emerging countries such as South Korea, Thailand and Vietnam. The
report provides market share analysis of major players in agricultural
equipment industry in Japan, China, Australia and India along with the company
profiles. The publication provides trends and development, future outlook and
prospects of farm equipments production and sales along with the cause and
effect relationship of several macro-economic and industry factors in several
countries.
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| Asia agricultural equipment industry |
Mechanization of agricultural process is advancing steadily
in Asia Pacific. In 2013, it was observed that Japan had the highest level of
mechanization of 7 hp/ha, followed by South Korea, China, Thailand and Vietnam
with 4.11 hp/ha, 4.10 hp/ha, 1.60 hp/ha and 1.56
hp/ha respectively. The moderately mechanized market was constituted by
Pakistan and India with 1.02 hp/ha and 1.0 hp/ha. China, India, Japan and
Australia contribute the largest to the development of the agricultural
equipment market in Asia Pacific. From the total demand of agricultural
equipments in the world, Asia accounts for nearly half of the requirement. The
revenue generated by the agricultural equipment industry in Asia in 2013 was
USD ~ million, registering a CAGR of
16.1% during 2008-2013.
Although Japan has the highest level of mechanization
amongst the Asian countries, the regional market for agricultural equipments is
largely driven by China and India due to their large area of agricultural land
and low level of mechanization. China, the most industrialized economy in Asia
has achieved rapid strides in automation. The self-sufficiency drive in China
has led the country into increasing domestic production of several commodities.
The agricultural equipment market in the country is by far the largest contributor
to the development of the overall Asian market for the same.
Australian farming practices are highly mechanized and the
country is a developed market for agricultural machinery. Other countries such
as Thailand and Vietnam also hold enormous potential for the farm machinery
industry.
Tractors are the most important machinery from the several
types of agricultural equipment being used today. Due to the varied functions,
both in agricultural and non-agricultural purposes, tractors have become the
most sought after machinery amongst farmers. Combine harvesters are also being
increasingly regarded as significantly useful, although the high cost of the
equipment inhibits its sales in Asia. Additionally, since rice is by far the
most important crop throughout Asia, rice transplanters are a promising segment
in the regional agricultural equipment market.
The existing and improving
level of infrastructure in the Asian countries, together with political
support, alternative sales channels and ease of access to different forms of
credit, are creating stable and suitable conditions for equipment manufacturers
to expand their investments in the farm machinery market in Asia.
John Deere, Case New Holland, AGCO Corporation are
major companies in the Asia Pacific farm equipment industry with major market
share in tractors, combine harvesters, cotton harvesters, balers, mechanical
planters and others.
The future outlook for the agricultural equipment industry in Asia is
exceedingly promising. The region will continue contributing the largest share
to the global market for agricultural machinery in the future. While China and
India will be the fastest growing markets, the demand for agricultural
machinery in the developed markets of Japan and Australia will witness
stagnancy. Smaller countries such as Thailand and Vietnam that are involved in
intensive agriculture will also increase their usage of farm equipments in the
near future. The Asian agricultural equipment industry is projected to reach
revenue of USD 174 billion in 2018 at a CAGR of 14.6% during 2013-2018.
Key Topics Covered in
the Report:
·
The market size of Asia agricultural equipment
industry in terms of revenue.
·
Asian market segmentation by geographies
covering China, India, Japan and Australia.
·
Growth drivers and challenges in Asia
agricultural equipment market.
·
Future outlook and projections of agricultural
equipment market in Asia.
·
China agricultural equipment market size,
segmentation, export import scenario, trends, growth drivers and issues, market
share of major companies in the industry.
·
India agricultural equipment market size,
segmentation, pricing scenario, trends and issues, market share of major
companies in different types of equipment.
·
Government regulations and support schemes in
China and India agricultural equipment industry.
·
Japan agricultural equipment market size,
segmentation, drivers and issues, market share of major companies in the
industry.
·
Australia agricultural equipment market size,
segmentation, drivers and issues, market share of major companies in different
types of equipment.
·
Competitive landscape of major companies operating
in China, India and Japan agricultural equipment industry
·
Future Outlook and macroeconomic factors in
agricultural equipment industry in China, India, Japan and Australia
·
Snapshot of other countries (Thailand, Vietnam,
South Korea) in Asia agricultural equipment industry
Browse and Download Report Here - http://www.kenresearch.com/agriculture-food-beverages/agriculture-industry/asia-pacific-farm-equipment-market-research-report/550-104.html
Contact:
Ankur Gupta, Head Marketing & Communications
Ken Research
Ankur@kenresearch.com
+91-9015378249
Ankur Gupta, Head Marketing & Communications
Ken Research
Ankur@kenresearch.com
+91-9015378249
