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The Japanese Agricultural Machinery Market is segmented by type into tractors, ploughing and cultivating machinery, planting machinery, Irrigation machinery, and harvesting machinery, and others.
2016 - 2026
The Japanese agriculture market is expected to record a CAGR rate of 2.2% during the forecast period. The agriculture sector contributes only 1.4% to the country’s GDP and as low as 12% of the land is suited for agriculture in the country. Being a highly industrialized country, Japan’s agriculture equipment industry is also quite developed. However, to fully utilize the limited arable land, the Japanese agriculture equipment market is expected to witness a surge during the forecast period. In order to sustain its population, compiled with a low level of arable land, Japan strives toward utilizing its agricultural land to its fullest.
The agricultural machinery market is estimated to grow remarkably during the forecast period. This report provides a complete analysis of the market drivers, restrainers, opportunities, and revenue status along with the competitive landscape. The market is segmented by type into tractors, ploughing and cultivating machinery, planting machinery, irrigation machinery, and harvesting machinery, and others.
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Total agricultural land in Japan is 12 % of the total land. It is challenging to meet the food demands of the Japanese population with limited agricultural land. This causes the urgency to increase farm productivity, which can be achieved by farm mechanization. The machines with the latest technology, such as precision agriculture machinery utilize most of the land effectively and aid in increasing production. Machines, such as combine harvesters reduce the grain wastage during harvesting and support in meeting the food demand from the growing population.
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The tractor is one of the basic farm machineries, which most of the farmers use. The tractor sales were recorded as 32,816 in 2018. The majority of tractors sold are mid-sized tractors with 21 - 30 HP capacity. The number of tractors utilized has been increasing significantly since 2014. Lack of labor, increased labor cost, favorable government policies, credit facilities, and the need to increase agricultural productivity are some of the major factors that are causing the rise in tractor sales.
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The agriculture machinery market in Japan is fragmented with major players holding a small share. These companies follow strategies such as new product launches and extensive promotions to increase their sales. The Japanese agricultural machinery and equipment industry is dominated by domestic players like Mitsubishi Agricultural Machinery Co. Ltd, Yanmar Co. Ltd, Iseki Co. Ltd, and Kubota Corporation.
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 Threat of New Entrants
4.4.2 Bargaining Power of Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 Product Type
220.127.116.11 By Horse Power
18.104.22.168.1 Below 20HP
22.214.171.124.2 21 - 30 HP
126.96.36.199.3 31 - 50 HP
188.8.131.52.4 Above 50 HP
184.108.40.206 By Type
220.127.116.11.1 Utility Tractor
18.104.22.168.2 Row Crop Tractor
22.214.171.124.3 Compact Utility Tractor
126.96.36.199.4 Other types
5.1.2 Plowing and Cultivating Machinery
188.8.131.52 Cultivators and Tillers
184.108.40.206 Other Plowing and Cultivating Machinery
5.1.3 Planting Machinery
220.127.116.11 Seed Drills
18.104.22.168 Other Planting Machinery
5.1.4 Harvesting Machinery
22.214.171.124 Other Harvesting Machinery
5.1.5 Haying Machinery
5.1.6 Irrigation Machinery
6. COMPETITIVE LANDSCAPE
6.1 Most Adopted Strategies
6.2 Market Share Analysis
6.3 Company Profiles
6.3.2 Messey Ferguson (AGCO)
6.3.3 Deere and Company
6.3.4 AGCO Corp.
6.3.5 CNH Industrial NV
6.3.6 Kukje Machinery Company Limited
6.3.7 Kubota Tractor Corp
6.3.8 Mahindra & Mahindra Ltd
6.3.9 Yanmar Company Limited
6.3.10 Kubota Corporation
6.3.11 Netafim Limited
7. MARKET OPPORTUNITIES AND FUTURE TRENDS