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Australia Agricultural Machinery Market segmented into type -(Tractors, Equipment, sprayers, Harvesting Machinery, Forage, and Haying Machinery and others ). The agriculture machinery market is also segmented by geography.
The Australia Agricultural Machinery estimated to register a CAGR of 4.3% during the forecast period (2020-2025). In Australia, around 4% of the country’s GDP is generated from agriculture. Mechanization of agricultural processes has been advancing steadily in the country. The demand for these machinery has largely been due to the need for improving the quality of productivity, along with the decline in the population involved in farming in the region. Large swathes of land availability enable the country to cover its needs, and export produces to other countries. Going forward, high economic growth is projected in the country over the forecast period, which is further expected to drive the agricultural machinery market. However, a spike in the price of agricultural commodities has posed a threat in the adoption of farming equipment by the farmers in the last few years.
The Australian market is fragmented with a wide-range of companies lowering the bargaining power of manufacturers. Four of the leading operators, together, occupy less than 10% of value share in equipment manufacturing. Companies like John Deere, CNH, etc., have a perceptible presence in Australia but do not have manufacturing units in the country.
Market analysis for the Australia agricultural machinery market, with region-specific assessments and competition analysis on various scales are considered.The report include identification of factors instrumental in changing the market scenario, rising prospective opportunities, and identification of key companies that can influence this market on a regional scale.Extensively researched competitive landscape section with profiles of major companies along with their market share are mentioned in the report.
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Australia tractor market projected to grow at a CAGR of over 8.8% during the forecast period (2020-2025), with the increasing agricultural activities across the country. Growing population with the rise in labor cost, and increasing investments by leading agricultural machinery manufacturers such as Agco, Escort Group, Mahindra & Mahindra, John Deere and Kubota in their tractor product lines will \ influence the tractor market in Australia during the forecast period which in turn will boost the Australia Agriculture Machinery Market. Anticipated growth in tractors market can also be attributed to growing government support, increasing demand for various HP types of tractors and easy availability of financing will drive the market.
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Farmers in the region are looking for tractors with tailored features, which can fulfill their needs for effective farming. So, in order to meet consumer demand, many international and domestic agriculture machinery manufacturers are coming up with new technologically-advanced tractors, which can handle various farming applications. For instance, In 2017, Kubota launched several new products for mid-size farms. the M7-1 tractor with 170 horsepower for Australia Farmland.
The premium M7-1 features continuously variable transmission (CVT) and integrated touch screen terminals and emission technologies.
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The market is highly competitive owing to the presence of a few prominent players, accounting for more than half of the market. The key players in the market include Deere and Company, AGCO Corporation, CNH Industrial N.V., Iseki & Co., Ltd., and Kubota Corporation. The main strategy adopted by the key players has been to invest in R&D to encourage innovation and maintain a strong market base. The advent of advanced technologies like Artificial Intelligence, Robotics, Google Earth, and the growing number of government initiatives have driven the demand for agricultural machinery to rise.
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints
4.4 Porter's Five Force Analysis
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
184.108.40.206 Below 40 HP
220.127.116.11 40-120 HP
18.104.22.168 Above 120 HP
22.214.171.124 Rotovators & Cultivators
126.96.36.199 Seed & Fertilizer Drills
5.1.3 Irrigation Machinery
188.8.131.52 Sprinkler Irrigation
184.108.40.206 Drip Irrigation
5.1.4 Harvesting Machinery
220.127.116.11 Combine Harvesters
18.104.22.168 Forage Harvesters
22.214.171.124 Other Harvesting Machinery
5.1.5 Haying & Forage Machinery
126.96.36.199 Mowers & Conditioners
188.8.131.52 Other Haying & Forage Machinery
6. COMPETITIVE LANDSCAPE
6.1 Most Adopted Strategies
6.2 Market Share Analysis
6.3 Company Profiles
6.3.1 Escort Limited
6.3.2 Deere & Company
6.3.3 CNH Industrial NV
6.3.5 AGCO Corporation
6.3.6 Same Deutz-Fahr
6.3.7 Yanmar Co. Ltd
6.3.8 Kuhn Group
7. MARKET OPPORTUNITIES AND FUTURE TRENDS