Australia Farm Equipment Market to Witness Formidable Growth until 2025
Increasing adoption of advanced agricultural practices is expected to drive the growth of Australia farm equipment market.
According
to TechSci Research report, “Australia Farm Equipment
Market By Type (Tractors, Harvesters, Planting Equipment, Irrigation & Crop
Processing Equipment, Spraying Equipment, Hay & Forage Equipment, Others),
By Automation (Automatic, Semi-Automatic, Manual), By Sales Channel (OEMs v/s Aftermarket), By Application (Land
Development & Seed Bed Preparation, Sowing & Planting, Weed
Cultivation, Plant Protection, Harvesting & Threshing, Post-harvest &
Agro Processing, Others), By Region, Forecast & Opportunities, 2025”, the Australia farm equipment market is expected to grow at
a steady rate during the forecast period on account of the growing need to
maintain food safety for its local population and also producing sufficient
amount of commodities for export. Additionally, growing adoption of advanced
technologies such as drones, sensors, Google Earth, autonomous tractors, among
others in farming is further expected to create lucrative opportunities for the
market growth through 2025. Furthermore, flourishing food & beverage
industry in the country is expected to propel the market growth. However, harsh
environmental conditions and unpredictable precipitation patterns adversely
affect the agricultural produce, thereby slowing down the market growth. Also,
the agricultural industry in Australia is very unsubsidized. This in turn might
hamper the market growth through 2025. Besides, decrease in scale of
agricultural operations due to competition from mining might further restrict
the market growth during the forecast period.
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The Australia farm equipment market is segmented based on type,
automation, sales channel, application, company and region. Based on type, the
market can be categorized into tractors, harvesters, planting equipment,
irrigation & crop processing equipment, spraying equipment, hay &
forage equipment and others. Among these, the harvesters
segment is expected to witness significant growth in the market on account of
their widespread use in performing more than one activity or process in a
single step. This in turn helps in saving cost, time, effort and increases overall
productivity. Based on automation, the market can be grouped into automatic,
semi-automatic and manual. Here, the automatic and semi-automatic segment are
expected to witness significant growth on account of the fact that they reduce
the necessity of human labor on the farm, thereby saving cost. Based on sales channel, the market can be split into
OEM and aftermarket. Here, the OEM segment
is expected to dominate the market on account of the large-scale crop production
of agricultural equipment in the country both by the global players and local
players. Based on application, the market can be fragmented into land
development & seed bed preparation, sowing & planting, weed
cultivation, plant protection, harvesting & threshing, post-harvest &
agro processing and others. Out of these, the land development & seed bed
preparation segment is expected to dominate the market on account of the
growing need to maintain soil health and nutritional profile in order to
increase the overall yield.
Farm Tech Machinery Pty Ltd, John Deere Australia, Dobmac Agricultural
Machinery, A.F. Gason Pty Ltd, Briggs & Stratton Australia Pty Ltd, PFG
Australia Pty Ltd, Silvan Australia Pty Ltd, Pellenc Australia Pty Ltd,
Knuckeys Winchelsea Pty Ltd, K-Line AG and others are some of the leading
players operating in Australia farm equipment market. The companies operating
in the market are using organic strategies such as product launches, mergers
and collaborations to boost their share.
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“Australia
farm equipment market is
expected to witness significant growth during
the forecast period owing to the growing need to increase the profitability
while maintaining the operational efficiency in farming. Additionally,
Australian agricultural industry is quite matured and developed, which has led
to rapid modernization and automation across the agricultural sector. This in
turn is expected to create lucrative opportunities for the market growth
through 2025. Furthermore, presence of major market players such as John Deere,
AGCO Corporation, among others along with local players is expected to create
lucrative opportunities for the market growth through 2025.” said
Mr. Karan Chechi, Research Director with TechSci Research, a research based global
management consulting firm.
“Australia Farm Equipment
Market By Type (Tractors, Harvesters, Planting Equipment, Irrigation & Crop
Processing Equipment, Spraying Equipment, Hay & Forage Equipment, Others),
By Automation (Automatic, Semi-Automatic, Manual), By Sales Channel (OEMs v/s Aftermarket), By Application (Land
Development & Seed Bed Preparation, Sowing & Planting, Weed
Cultivation, Plant Protection, Harvesting & Threshing, Post-harvest &
Agro Processing, Others), By Region, Forecast & Opportunities, 2025”, has evaluated the
future growth potential of Australia farm equipment market and provides
statistics & information on market size, structure and future market
growth. The report intends to provide cutting-edge market intelligence and help
decision makers take sound investment decisions. Besides, the report also
identifies and analyzes the emerging trends along with essential drivers,
challenges and opportunities in Australia farm equipment market.
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