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[ 英語タイトル ] Canada Agricultural Machinery Market - Growth, Trends and Forecast (2020 - 2025)


Product Code : MDAG0079931
Survey : Mordor Intelligence
Publish On : February, 2021
Category : Agriculture and Allied Activities
Study Area : Canada
Report format : PDF
Sales price option (consumption tax not included)
Single User USD3250 / Question Form
5 User USD3750 / Question Form
Enterprise User USD6500 / Question Form
 - CLAAS KGaA mbH

- Deere & Company

- CNH Industrial NV

- Kubota Corporation

- AGCO Corporation

- Same Deutz-Fahr

- Yanmar Co. Ltd

- Kuhn Group

[Report Description]

Canada Agricultural Machinery Market is Projected to grow at a CAGR of 4.5% during the forecast period (2020-2025).

- Increase in demand for large-capcity farm machinery due to shortage in farm labour, favorable government subsidies for farm mechanization and technological innovation to develop innovative agricultural machinery are some of the factors driving the market growth. High initial capital costs, fluctuating commodity prices affecting agricultural machinery replacement cycle are some of the factors restraining the market growth.
- CLAAS KGaA mbH, Deere & Company, CNH Industrial NV and Kubota Corporation are some of the major players who are operating in this market. These players are strenghtening their position by launching agricultural machinery equipments that cater to the needs of farmers in this region.

Key Market Trends



Increase in Demand for High-Capacity Sprayers

The need for sustainability in agrochemical management has induced the demand for highly-developed mechanical sprayers in recent years. The major demand in the region has emerged from self-propelled sprayers equipped with high-technology tools, such as automatic section control, data transmission, and direct injection, which further ensures accurate spreading of agriculture chemicals. According to Statistics Canada, the number of farms has witnessed a declining trend in recent years with 193,492 farms in 2016 as compared to 205,730 farms in 2011. Moreover, the number of farm operators has decreased from 293,925 in 2011 to 271,935 in 2016. Hence, due to a greater amount of labor required on field to meet the increasing demand for food crops, the farmers have been turning to self-propelled and tractor-mounted sprayers. This, in turn, has promoted the growth for agricultural machinery during the forecast period.

Technological Development in Agriculture Machinery

Farming in Canada is being currently revolutionized by the rapid technological development in tractors. Farm costs are inevitable with the increasing demand for food crops, thus, making tractors as an inevitable part of efficient farming.The wave of modern technology has already been witnessed in tractors with the application of Artificial Intelligence-based tools for data transmission, for precise decision-making processes in cultivation.For instance, AGCO Fendt Guide Connect leader-follower technology connects two machines including tractors through GIS, thus enabling the farmers to gain apt information. Also, the US-based agricultural machinery giant, John Deere, began enhancing the AI-based innovation process in tractors by acquiring the Artificial Intelligence start-up Blue River Technology in 2017. Such innovations are expected to induce the demand for technologically developed tractors in the long run, thereby boosting its market growth.

Competitive Landscape



The market is highly competitive owing to the presence of 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 growing number of government initiatives have driven the demand for agricultural machinery to rise.

Reasons to Purchase this report:



- The market estimate (ME) sheet in Excel format
- 3 months of analyst support

1 INTRODUCTION
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
5.1 Type
5.1.1 Tractors
5.1.1.1 Less than 40 HP
5.1.1.2 40 HP to 99 HP
5.1.1.3 Greater than 100 HP
5.1.2 Equipment
5.1.2.1 Ploughs
5.1.2.2 Harrows
5.1.2.3 Rotovators & Cultivators
5.1.2.4 Seed & Fertilizer Drills
5.1.2.5 Fertilizer Spreaders
5.1.2.6 Land Levelers
5.1.2.7 Other Equipment
5.1.3 Sprayer
5.1.4 Harvesting Machinery
5.1.4.1 Combine Harvesters
5.1.4.2 Forage Harvesters
5.1.4.3 Other Harvesting Machinery
5.1.5 Haying & Forage Machinery
5.1.5.1 Mowers & Conditioners
5.1.5.2 Balers
5.1.5.3 Other Haying & Forage Machinery

6 COMPETITIVE LANDSCAPE
6.1 Most Adopted Strategies
6.2 Market Share Analysis
6.3 Company Profiles
6.3.1 CLAAS KGaA mbH
6.3.2 Deere & Company
6.3.3 CNH Industrial NV
6.3.4 Kubota Corporation
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

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