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Asia Pacific Ploughing and Cultivating Machinery Market - By Product Type, Application and Geography - Market Shares, Forecasts and Trends (2020 - 2025)

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The Asia Pacific ploughing and cultivating agrimachinery market was XX million US$ in 2014 and expected to reach XX million US$ by 2020 growing at a CAGR of XX% during the forecasted period 2015-2020. Ploughing and cultivating machines are primarily used for homogenising and conditioning the upper layer of soil deep to the range of 12-25 cm bringing it covered with fresh nutrients to increase the fertility of soil.

Asia pacific is the fastest growing region for the agrimachinery production, imports and usage. Involvement of major multinational companies and increased domestic agrimachinery market has created a good opportunity for the region. China and India are fastest moving countries with a CAGR of 6.1 and 4.1% followed by small but emerging countries such as Vietnam, Japan.

The major driver for the market are increasing concentration of domestic agrimachinery companies, innovation in technology, government subsidies for farm mechanisation, high agriculture production as a result of growing population. The various new technological advancement in agrimachinery such as driver less spraying robot, GPS, Google earth which has driven the smart farming by reducing the production cost and minimizing power and source wastage. However the increase in soil erosion has reduced the use of ploughing by the application of shallower or other less invasive and penetrating tillage practices which has become a restrain for ploughing machinery market. The practice of natural ploughing with the help of microorganisms to aerate and cultivate the soil is also affecting the market growth. High cost of machine, low purchasing power of farmers, and high energy requirement are other factors restraining the market.

The market segmentation is done on the basis of product type, application type and by geography. The product type market is further segmented into plough, harrows, tiller, cultivator, and other soil cultivating machineries. Cultivators, harrows, hoes and ploughs are the major type of products used for cultivation which covers around 30% of the total offerings.  Market segmentation according to application type involves soil loosening, cold size reduction, cold sorting, smoothening, compaction and consolidation. Soil conditioning and loosening application covers the largest market among others for ploughing and cultivating machinery application.

Key Deliverables

  • Market analysis for the Asia Pacific Ploughing and cultivating machinery Market, with region specific assessments and competition analysis on Asia Pacific and regional scales.
  • Market definition along with the identification of key drivers and restraints
  • Identification of factors instrumental in changing the market scenarios, rising prospective opportunities, and identification of key companies that can influence this market on a Asia Pacific and regional scale
  • Extensively researched competitive landscape section with profiles of major companies along with their market shares
  • Identification and analysis of the macro and micro factors that affect the Asia Pacific Ploughing and cultivating machinery market on both Asia Pacific and regional scales
  • A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information
  • A wide-ranging knowledge and insights about the major players in this industry and the key strategies adopted by them to sustain and grow in the studied market
  • Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped

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