Australia Farm Equipment Market (2023-2029) | Trends, Industry, Segmentation, Share, Analysis, Growth, Size, Revenue, Value, Outlook & COVID-19 IMPACT

Australia Farm Equipment Market | Country-Wise Share and Competition Analysis

In the year 2021, Germany was the largest exporter in terms of value, followed by the USA. It has registered a growth of 37.58% over the previous year. While the USA registered a decline of -12.4% as compared to the previous year. In the year 2017, the USA was the largest exporter followed by Germany. In terms of the Herfindahl Index, which measures the competitiveness of countries exporting, Australia has a Herfindahl index of 1229 in 2017 which signifies high competitiveness also in 2021 it registered a Herfindahl index of  1091 which signifies high competitiveness in the market.

Australia Farm Equipment Market - Export Market Opportunities

Topics Covered in Australia Farm Equipment Market Report

Australia Farm Equipment Market report thoroughly covers the market by power output, by drive type, by function and equipment type. The outlook report provides an unbiased and detailed analysis of the ongoing Market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

Australia Farm Equipment Market Synopsis

Australia Farm Equipment Market is likely to grow in the forecast year. Innovation in farm machinery is one of the key drivers of this growth. Producers are constantly developing new technologies to optimize productivity. The demand from overseas markets is also contributing immensely to the growth of the market.

According to 6Wresearch, Australia Farm Equipment Market size is anticipated to grow during 2023-2029. The increasing demand for high-quality machinery is one of the key drivers of the growth of the market. The farmers are heavily dependent on the farm machinery to increase the productivity of the crop. Government support is another driver for the growth of the market. There are various initiatives by the government to support the local farmers by offering subsidies to buy new equipment or upgrade the existing ones. The technological advancement in the industry has brought innovative products to the market to cater to the various needs of the farmers. The incorporation of precision technology has increased the crop yield and reduced the cost of the production. There are some challenges that have hindered the growth of the market. The increasing price of raw materials is a major challenge faced by the Farm Equipment Market in Australia. The stiff competition from international players is another major challenge in the market. The changing weather pattern in the country has posed a major challenge to the market. The drought and heavy rainfall limit the farmer’s ability to use the farm equipment effectively.

COVID-19 Impact on Australia Farm Equipment Market

 Australia farm equipment Industry has witnessed major challenges that have impacted its supply chain and overall sales of the product. The restrictions by the government on international trade and movement led to a major decline in imports from China. The producers faced challenges in procuring raw materials due to global shortages and disruptions caused by the close down of borders. The social distancing norms affected the ability of the farmers to attend workshops or visit service centers.  The locally produced goods witnessed a surge during the outbreak of COVID-19. The market also witnessed some positive changes during the uncertain times. The farmers were willing to invest in modern technology to increase their production capacity.

Australia Farm Equipment Market: Key players

These are the major players who have significantly affected the demand and supply of farm equipment and has brought an innovative product to the market.  These companies play a vital role in Australia Farm Equipment Market Growth.

• AGCO Corporation
• CNH Industrial N.V.
• John Deere
• Kubota Corporation
• Massey Ferguson (part of AGCO Corporation)
• Case IH (part of CNH Industrial N.V.)
• New Holland Agriculture (part of CNH Industrial N.V.)
• Claas KGaA mbH
• Mahindra & Mahindra Ltd.
• JCB Agriculture

Market By Drive Type

On the basis of drive type, the market is segmented into Two-Wheel and Four-Wheel. Both segments are expected to dominate the market due to the presence of a diverse agriculture landscape present in the country.

Market By Function Type

According to Shivankar, Research Manager, 6Wresearch on the basis of function type, the market is segmented into Plowing & Cultivating, Sowing & Planting, Plant Protection & Fertilizing, Harvesting & Threshing, and Others. The plowing & Cultivating segment is expected to dominate the market as it ensures the quality of the soil.

Market by Equipment Type

On the basis of Equipment Type, the market is segmented into tractors, Combines, Sprayers, Balers, and Others. Tractors will dominate the market due to their use in the performance of the various task and it will lead to Australia Farm Equipment Market Share.

Key attractiveness of the report

• COVID-19 Impact on the Market.
• 10 Years Market Numbers.
• Historical Data Starting from 2019 to 2022.
• Base Year: 2022.
• Forecast Data until 2029.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report:

• Australia Farm Equipment Market Outlook
• Market Size of Australia Farm Equipment Market, 2022
• Forecast of Australia Farm Equipment Market, 2029
• Historical Data and Forecast of Australia Farm Equipment Revenues & Volume for the Period 2019 - 2029
• Australia Farm Equipment Market Trend Evolution
• Australia Farm Equipment Market Drivers and Challenges
• Australia Farm Equipment Price Trends
• Australia Farm Equipment Porter's Five Forces
• Australia Farm Equipment Industry Life Cycle
• Historical Data and Forecast of Australia Farm Equipment Market Revenues & Volume By Power Output for the Period 2019 - 2029
• Historical Data and Forecast of Australia Farm Equipment Market Revenues & Volume By <30 HP for the Period 2019 - 2029
• Historical Data and Forecast of Australia Farm Equipment Market Revenues & Volume By 31-70 HP for the Period 2019 - 2029
• Historical Data and Forecast of Australia Farm Equipment Market Revenues & Volume By 71-130 HP for the Period 2019 - 2029
• Historical Data and Forecast of Australia Farm Equipment Market Revenues & Volume By 131-250 HP for the Period 2019 - 2029
• Historical Data and Forecast of Australia Farm Equipment Market Revenues & Volume By >250 HP for the Period 2019 - 2029
• Historical Data and Forecast of Australia Farm Equipment Market Revenues & Volume By Drive Type for the Period 2019 - 2029
• Historical Data and Forecast of Australia Farm Equipment Market Revenues & Volume By Two-wheel for the Period 2019 - 2029
• Historical Data and Forecast of Australia Farm Equipment Market Revenues & Volume By Four-wheel for the Period 2019 - 2029
• Historical Data and Forecast of Australia Farm Equipment Market Revenues & Volume By Function for the Period 2019 - 2029
• Historical Data and Forecast of Australia Farm Equipment Market Revenues & Volume By Plowing & Cultivating for the Period 2019 - 2029
• Historical Data and Forecast of Australia Farm Equipment Market Revenues & Volume By Sowing & Planting for the Period 2019 - 2029
• Historical Data and Forecast of Australia Farm Equipment Market Revenues & Volume By Plant Protection & Fertilizing for the Period 2019 - 2029
• Historical Data and Forecast of Australia Farm Equipment Market Revenues & Volume By Harvesting & Threshing for the Period 2019 - 2029
• Historical Data and Forecast of Australia Farm Equipment Market Revenues & Volume By Others for the Period 2019 - 2029
• Historical Data and Forecast of Australia Farm Equipment Market Revenues & Volume By Equipment Type for the Period 2019 - 2029
• Historical Data and Forecast of Australia Farm Equipment Market Revenues & Volume By Tractors for the Period 2019 - 2029
• Historical Data and Forecast of Australia Farm Equipment Market Revenues & Volume By Combines for the Period 2019 - 2029
• Historical Data and Forecast of Australia Farm Equipment Market Revenues & Volume By Sprayers for the Period 2019 - 2029
• Historical Data and Forecast of Australia Farm Equipment Market Revenues & Volume By Balers for the Period 2019 - 2029
• Historical Data and Forecast of Australia Farm Equipment Market Revenues & Volume By Others for the Period 2019 - 2029
• Australia Farm Equipment Import Export Trade Statistics
• Market Opportunity Assessment By Power Output
• Market Opportunity Assessment By Drive Type
• Market Opportunity Assessment By Function
• Market Opportunity Assessment By Equipment Type
• Australia Farm Equipment Top Companies Market Share
• Australia Farm Equipment Competitive Benchmarking By Technical and Operational Parameters
• Australia Farm Equipment Company Profiles
• Australia Farm Equipment Key Strategic Recommendations

Market Covered

The report offers a comprehensive study of the subsequent market segments

By Power Output

• 30 HP
• 31“70 HP
• 71130 HP
• 131250 HP
• >250 HP

By Drive Type

• Two-Wheel
• Four-Wheel

By function Type

• Plowing & Cultivating
• Sowing & Planting
• Plant Protection & Fertilizing
• Harvesting & Threshing
• Others

By Equipment type

• Tractors
• Combines
• Sprayers
• Balers
• Others