The global cultivators market size has the potential to grow by USD 319.03 million during 2020-2024. The market’s growth momentum will accelerate throughout the forecast period.
This report provides a detailed analysis of the market by geography (APAC, Europe, MEA, North America, and South America) and product (rigid models and hydraulic folding models). Also, the report analyzes the market’s competitive landscape and offers information on several market vendors, including AGCO Corp., AL-KO KOBER SE, BCS America, CLAAS KGaA mbH, CNH Industrial NV, Deere & Co., Husqvarna AB, Kubota Corp., Mahindra & Mahindra Ltd., and Schiller Grounds Care Inc.
Market Overview
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Market Competitive Analysis
The cultivators market is currently fragmented. The degree of fragmentation will increase over the forecast period. Vendors are seeking inorganic growth through mergers and acquisitions, which is leading to market consolidation. However, increasing government support, in the form of subsidies, to farmers will augment sales. This, in turn, will facilitate new entries into the market, contributing to the market fragmentation. Kubota Corp., Mahindra & Mahindra Ltd., and Schiller Grounds Care Inc. are a few of the significant market participants. Although the accelerating market growth momentum will offer immense business opportunities to the vendors, the availability of substitutes such as tillers and plows will challenge the growth of many. To make the most of the opportunities, market vendors should focus more on growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
To help clients improve their market positions, this cultivators market forecast report provides a detailed analysis of the market leaders and offers information on the competencies and capacities of the companies. The report also covers details on the market’s competitive landscape and provides information on the products offered by various companies. This cultivators market analysis report also includes information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of their future growth opportunities.
This report provides information on the production, sustainability, and prospects of several leading cultivators companies, including:
- AGCO Corp.
- AL-KO KOBER SE
- BCS America
- CLAAS KGaA mbH
- CNH Industrial NV
- Deere & Co.
- Husqvarna AB
- Kubota Corp.
- Mahindra & Mahindra Ltd.
- Schiller Grounds Care Inc.
Cultivators Market: Segmentation by Region
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APAC was the largest market for cultivators in 2019, and the region will continue to offer maximum growth opportunities to vendors over the forecast period. The presence of government initiatives, rising demand for food, and consolidation activities among vendors are contributing to the cultivators market share growth in APAC.
Almost 45% of the overall market’s growth will originate from APAC during the forecast period. China, India, Japan, and Australia are the key markets for cultivators in the region. The market growth rate in this region will be slower than the market in MEA during the forecast period.
Cultivators Market: Segmentation by Product
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The rigid models of cultivators are used to cultivate land with hard black soil as they are designed to withstand harsh conditions, which is contributing to their sales. The ability of these cultivators to enable proper seedbed preparation for enhanced crop production is also facilitating their sales. As a result, the cultivators market growth by the rigid models segment has been substantial.
The growth rate of the rigid models market segment is expected to be slower compared with the hydraulic folding models market segment over the forecast period. This report provides an accurate prediction of the contribution of all the segments to the growth of the cultivators market size.
Cultivators Market: Key Drivers and Trends
The rising demand for agricultural products has propelled governments and agricultural companies to take initiatives to optimize crop yields. This factor gave rise to farm mechanization, which has been identified as one of the critical cultivators market growth drivers. Farm mechanization involves the use of a wide range of agricultural and farm equipment, such as cultivators. The rate of farm mechanization is about 90%-95% in developed countries such as the US, Germany, Canada, and France. On the other hand, in developing countries, the growing population and rapid urbanization will increase the deployment of farm mechanization, primarily through government initiatives such as subsidies for farmers to buy farm equipment. As a result, market players are recording increased sales.
- The use of smart and digital technologies is increasing in the agricultural industry.
- Walk-behind cultivators are robotic devices, which are also known as walking tractors, rototillers, rotary hoes, power tillers, and rotary plows.
- The design of walk-behind cultivators can enable day-to-day tasks in gardens with limited space.
- Many vendors are offering walk-behind cultivators, which is one of the critical cultivators market trends, owing to their increased sales.
- The cultivators market size will grow at a CAGR of over 4% during 2020-2024.
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Cultivators Market: Key Highlights of the Report for the Forecast Period 2020-2024
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will accelerate the growth of the cultivators market during the next five years
- Precise estimation of the global cultivators market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the cultivators industry in APAC, Europe, MEA, North America, and South America
- A thorough analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of cultivators vendors
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