The global Agriculture Tools Market size was valued at USD 155.68 billion in 2021 and is projected to grow at a CAGR of 5.0% from 2023 to 2030.
Market Overview
The research firm Contrive Datum Insights has just recently added to its database a report with the heading global Agriculture Tools Market . Both primary and secondary research methodologies have been utilised in order to conduct an analysis of the worldwide Agriculture Tools Market . In order to provide a comprehensive comprehension of the topic at hand, it has been summed up using appropriate and accurate market insights. According to Contrive Datum Insights, this worldwide comprehensive report is broken up into several categories in order to present the data in a way that is understandable, succinct, and presented in a professional manner. Tools for agriculture include tractors, harvesters, plows, and cultivators, which are used for a wide range of farming tasks. With agriculture tools, you can get high yields in a short amount of time and with little work. Also, using automated and semi-automated tools in agriculture reduces the need for labor on the farm, which lowers the cost of labor. This cuts down on downtime and makes it possible to operate with high precision, which increases crop yields even more. Agricultural tasks like plowing, harrowing, planting, harvesting, and tillage are becoming more and more automated. This is expected to increase the demand for agriculture tools and grow the global agriculture tools industry. Due to the benefits of using mechanical tools like tractors, harvesters, and various attachments, farmers have become more reliant on them. Also, using precision agriculture makes farming activities more sustainable, makes farming more profitable, and saves land resources so that more crops can be grown. Major players in the agriculture tools industry offer a wide range of products to help farmers with tasks like planting and harvesting. This makes it easier for farmers to use agriculture tools. This has helped the global market for agriculture tools grow in a big way. Estimates and forecasts of the size of the Agriculture Tools market are given in terms of sales volume (K units) and revenue (million USD), with data from 2017 to 2030, with 2022 as the base year. This report breaks down the global market for Agriculture Tools into many different types. Regional market sizes are also given for products by type, by use, and by player. When figuring out how big the market was, we thought about how COVID-19 and other global crises would affect it.
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Segment Analysis
It encompasses the most important key players in the world’s various regions and contains them. In this research report, several different techniques that high-level industries have utilised to achieve their goals are discussed. In order to obtain a more in-depth analysis of a number of different businesses, player profiles of the most important top players have been developed. It is beneficial to have an understanding of the worldwide competition on both the domestic and international platforms.
It provides a detailed description of the drivers and opportunities in the Agriculture Tools Market , which assists current customers and potential customers in gaining a clear vision and making decisions that are most effective for them. In order to discover the desired facts regarding the target market, various types of analysis models, such as Agriculture Tools Market , are utilised. In addition to this, it includes a variety of different techniques for strategic planning, which encourages the way to define and develop the framework of the various industries. The global market for agricultural machinery is split up by type, automation, end user, and region. Based on type, the market is further broken down into tractor, harvester, soil preparation and cultivation, irrigation and crop processing, agriculture spraying equipment, hay and forage machines, and other machines. In 2020, the harvesters segment had the largest market share, and it is expected to continue to dominate the market with a fast CAGR during the forecast period. Large-scale farmers can use harvesters to quickly break up the soil, clear out large areas, remove grass, and finally get the ground ready for planting. Some of the main things that are making the market grow are that these machines require less human interaction and work more efficiently. Automatic, semi-automatic, and manual are the three types of automation used in the market. During the forecast period, the manual sub-segment is expected to have the biggest market share. The market is expected to grow because of things like the use of natural forces, the availability of cheap labor, and the quality of work, especially in subcontinental countries like China and India. The market is further divided into OEMs (original equipment manufacturers) and after-sales. In 2020, the OEM segment had the largest share of the market, and it is expected to continue to do so during the forecast period with a fast CAGR. Some of the main things that are driving the growth of the market are the increased production of agricultural equipment around the world and the rise in demand for tractors and harvesters, which is expected to drive the growth of the market in the coming years.
Based on types, the Agriculture Tools Market is segmented into:
- Hand Tools
- Power Tools
- Trimmers
- Machetes & Edgers
Based on application, the Agriculture Tools Market is segmented into:
- Manually Operated
- Electricity Powered
- By Application
- Residential
- Commercial
- Industrial
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Recent Development
In January 2022, John Deere showed off an 8R tractor that can drive itself. The new tractor has a TruSet-enabled chisel plow, a GPS guidance system, and new, advanced technologies like six pairs of stereo cameras that can find obstacles and measure their distance from any angle and a deep neural network that sorts each pixel of each image in 100 milliseconds.
In December 2021, New Holland Agriculture made a Straddle Tractor to meet the needs of the narrow vineyards in Champagne, Médoc, and Burgundy, where the best wines are grown.
John Deere made new material-gathering systems and mechanical grapples for compact utility tractors in November 2021. The New Frontier MG20F Mechanical Grapple can lift up to 1,200 pounds (544 kg) and has a quick-attach feature for easy installation. In November 2021, CLAAS made two new top-of-the-line models: the TORION 1913 and the TORION 2014. They have more engine power, more lifting power, and a higher loading height.
In August of 2021, Massey Ferguson, a brand of AGCO Corporation, released VE Series planters. The series includes rigid and folding-frame planters, narrow transport planters, and track planters. These offer growers simple, reliable, and durable planters that can place seeds consistently and accurately for the best yields.
Regional Analysis
The global Agriculture Tools market has been looked at in different parts of the world, like North America, Latin America, the Middle East, Asia-Pacific, Africa, Europe, and India. In the near future, this market will be dominated by the global Agriculture Tools region. In 2021, the Asia-Pacific market will be worth USD 59.23 billion, and a staggering CAGR of 8.3% is expected during the forecast period. China, India, and many other countries in the ASEAN region are growing their economies quickly and effectively, which helps the market grow and creates conditions for growth in the Asia-Pacific region as a whole. Another important factor in development is that customers in developing countries in the region are becoming more and more dependent on machines. By 2029, the Asia-Pacific market is expected to be worth USD 111.87 billion. This is because electrical actuation, digitization, computer sensing, equipment and machine control are becoming more and more integrated. China is expected to have the biggest share of the market for agriculture tools because there are so many opportunities there. Many well-known and established market players are using organic and inorganic business strategies to keep doing well in Japan’s mature market and take advantage of opportunities in the markets of India, Korea, Taiwan, and ASEAN countries. These companies work hard to add new products and technologies to their lines in order to get a lot of customers.
Regional Agriculture Tools Market coverage (Regional Status, Demand Forecast, Country Trends, etc.):
- North America, Europe, China, Japan, Southeast Asia, India.
- North America (USA, Canada, and Mexico).
- Europe (Germany, France, UK, Russia and, Italy).
- Asia-Pacific (China, Japan, Korea, India and, Southeast Asia).
Key segments covered in the Agriculture Tools Market include:
- Agriculture Tools Market Growth Drivers and Barriers.
- Market Trends, Market Opportunities, Porter’s Five Forces Analysis.
- Market Overview, Industry Development, Market Maturity, Value Chain Analysis.
- Regional and Country Level Analysis.
- Trends and Forecasts for Market Segments.
- Market Analysis and Various Recommendations.
- Key market forces.
Report Customization:
This report will be customized to your needs for additional data up to 5 companies or 5 countries or nearly 40 analyst hours.
https://www.contrivedatuminsights.com/product-report/agriculture-tools-market-21198Key Market Participants in the Agriculture Tools Market :
Apex Tools Group, Bellota, Chillington, Deere, Falcon Garden Tools, Fiskars, Stanley Black & Decker, The Toro Company, Truper (Mexico), and others.
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