Agricultural machinery is a vast range of mechanical devices, equipment, and vehicles designed to aid in various farming and agricultural tasks. These machines are crucial in the upgrading and improvement of agricultural processes. They include tractors and plows for soil preparation, seeders and planters for crop planting, harvesters and threshers for grain collection, and irrigation systems for efficient water management.
Japan Agriculture Machinery Market Driving Factors and Challenges
The development drivers of Japan Agriculture Machinery market are varied and may be linked to a number of main variables. In terms of advantages, the tractor is one of the most significant parts of farm machinery used by most farmers. Tractor use is increasing in Japan in compared to other agricultural equipment. Overall agriculture machinery production in 2020 is estimated to reach USD 3734.78 million, according to the Japan Agricultural Machinery Manufacturers Association. Tractors account for 57% of overall agricultural machinery value.
Furthermore, rice is the most important crop in Japan, accounting for around 47% of agricultural output value each year. Because rice is the country's most mechanized crop, agricultural equipment, notably tractors, is widely used.
Despite technological advancements and high production standards, the Japanese agricultural machinery sector faces a number of significant challenges. One important source of concern is the aging farming population, with an increasing share of farmers over the age of 65. This generational changeover raises concerns about traditional farmers' embrace of modern gear and technology, as they may be averse to change. Furthermore, the shortage of agricultural land and the dispersion of land ownership make widespread use of large-scale machinery impossible. Another hurdle is the high cost of agricultural machinery, which makes it impossible for smaller farmers to invest in cutting-edge technology.
Impact of COVID-19 on Japan Agriculture Machinery Market
The COVID-19 pandemic has had a considerable influence on the farm machinery industry in Japan. In the early stages, disruptions in global supply chains and transportation logistics caused delays in the delivery of crucial components and machines. Manufacturing and production were also hampered by restrictions and lockdown measures, resulting in diminished output. Furthermore, market uncertainty forced numerous farmers to delay or reconsider investing in new machinery, contributing to a reduction in demand.
Japan Agriculture Machinery Market Key Players:
The market study provides market data by competitive landscape, revenue analysis, market segments and detailed analysis of key market players such as; AGCO Corp, Agrale, CNH Industrial NV, Deere and Company, Kubota Corporation, Kukie Machinery Company Limited, Messey Ferguson, Yanmar Company Limited, Others.
Japan Agriculture Machinery Market Segmentation:
By Type: Based on the Type, Japan Agriculture Machinery Market is segmented as; Agriculture Spraying Equipment, Harvesters, Hay & Forage Machines, Irrigation & Crop Processing, Soil Preparation & Cultivation, Tractors.
By Automation: Based on the Automation, Japan Agriculture Machinery Market is segmented as; Automatic, Semi-Automatic, Manual.
By End User: Based on the End User, Japan Agriculture Machinery Market is segmented as; Aftersales, Original Equipment Manufacturers.
By Region: This research also includes data for Eastern Region, Southern Region, Western Region, Northern Region.
This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.