The Global Market for Plowing and Cultivation Machinery is Projected to Reach US$12.6 Billion by 2020

Government Subsidies Drive the Plowing & Cultivation Machinery Market, According to a New Report by Global Industry Analysts, Inc.

GIA announces the release of a comprehensive global report on Plowing and Cultivation Machinery. The global market for Plowing and Cultivation Machinery is projected to reach US$12.6 billion by 2020, driven by technology advancements, increasing adoption of sustainable agricultural practices and government subsidies.

Plowing and cultivation machinery forms an integral part of the agricultural machinery market. Plows and cultivators demand is influenced largely by mechanization of farm practices. Technology advancements, introduction of new products for addressing myriad requirements of various soil and weather condition, and adoption of practices that reduce environmental degradation are major factors driving growth in the plowing and cultivation machinery market. Future growth in the market will be driven by the surging demand for food from the exploding global population, shortage of labor, need for optimum exploitation of available arable land, and sustainable agricultural practices. Government subsidies, and focus on food security and self-sufficiency are also expected to infuse demand for plowing and cultivation machinery.

Technology advancements poised to benefit market expansion in the near term include vertical and minimum tillage that effectively aid in preventing soil degradation. A vertical tiller comprising of coulter like blades tills the soil vertically by cutting up the plant residue and mixing a portion of the same into the soil. The vertical tillage enhances soil fertility, improves rainfall penetration, and improves root growth, resulting in higher yield.

Asia-Pacific represents the largest as well as the fastest growing market worldwide, as stated by the new market research report on Plowing and Cultivation Machinery. Growth in the region will be driven by India and China. Strong economic growth and increasing investments in agricultural mechanization techniques to boost exports are key factors encouraging growth in these countries. Factors such as rising per capita income in rural regions and shortage of farm labor in the light of increasing migration of population from villages to cities are additionally encouraging adoption of agricultural equipment such as plowing and cultivation machinery.

Key players covered in the report include AGCO Corporation, Bush Hog Inc., CNH Industrial N.V., Deere & Company (John Deere), Horsch Maschinen GmbH, Kuhn Group, Kverneland Group, LEMKEN Gmbh & Co. KG, and Miedema Landbouwwerktuigenfabriek BV, among others.

The research report titled “Plowing and Cultivation Machinery: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, growth drivers, product launches, mergers and acquisitions, other strategic industry activities and profiles of major and niche global and regional players. The report provides market estimates and projections for all major geographic markets including the US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia and Rest of Europe), Asia-Pacific (Australia, China, India, South Korea, and Rest of Asia-Pacific), Middle East & Africa, and Latin America (Brazil and Rest of Latin America).