Global Tillage Equipment Market Size By Product (Primary, Secondary), By Drive Type (Two-wheel, Four-wheel), By Equipment Type (Tractors, Combines), By Geographic Scope And Forecast

Tillage Equipment Market Size And Forecast

Tillage Equipment Market size was valued at USD 12.02 Billion in 2023 and is projected to reach USD 15.49 Billion by 2031, growing at a CAGR of 3.22% from 2024 to 2031.

• Tillage equipment refers to the different tools and machines used in the agricultural process of tillage, which is the mechanical preparation of soil for crop growth. This preparation entails digging, stirring, and overturning the soil to improve its structure and fertility. Common tillage equipment includes plows (moldboard and chisel), harrows, cultivators, and disc implements.
• Furthermore, these tools have a variety of functions, including incorporating agricultural residues into the soil, controlling weeds, improving soil aeration, and preparing an ideal seedbed for sowing. Tillage equipment is critical in fostering healthy crop growth and maximizing agricultural production because it efficiently manages soil conditions.

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Global Tillage Equipment Market Dynamics

The key market dynamics that are shaping the Tillage Equipment Market include:

Key Market Drivers

• Growing Global Population and Food Demand: The growing global population necessitates increased agricultural output, which raises the demand for efficient tillage equipment. According to the United Nations Department of Economic and Social Affairs, the global population is expected to reach 9.7 billion by 2050. According to the United Nations Food and Agriculture Organization (FAO), this growth is predicted to boost food demand by 60% over 2005 levels. To meet this need, farmers are increasingly using modern tillage equipment to boost crop yields and soil health.
• Government Support for Agricultural Mechanization: Many governments throughout the world are developing laws and incentives to encourage agricultural mechanization, which includes the use of advanced tillage equipment. For example, the Indian government’s Sub-Mission on Agricultural Mechanization (SMAM) initiative has resulted in a major rise in farm mechanization. The Indian Ministry of Agriculture and Farmers Welfare states that farm mechanization in India has increased from 40% in 2013-14 to 45% in 2020-21. This government assistance is fueling the expansion of the Tillage Equipment Market in developing agricultural economies.
• Shift Towards Conservation Agriculture Practices: Conservation agriculture practices are becoming increasingly popular, necessitating the use of specialized tillage equipment. According to the Food and Agriculture Organization (FAO), the global area under conservation agriculture rose from 45 million hectares in 2004 to 180 million hectares in 2015/16. This accounts for approximately 12.5% of worldwide cropland, indicating a considerable shift in agricultural practices. Conservation tillage, which leaves crop residue on fields to decrease soil erosion and increase soil health, necessitates specialized tillage equipment, resulting in market growth in this sector.

Key Challenges:

• High Initial Costs: The high initial cost of buying advanced machinery is one of the main issues facing the Tillage Equipment Market. Many small and medium-sized farms cannot afford these costly tools, limiting their capacity to use contemporary farming practices. This financial barrier stops farmers from investing in essential equipment, reducing productivity and competitiveness in an increasingly demanding agricultural sector.
• Technological Adaptation: Farmers who lack the technical knowledge required to operate and maintain current machinery face an obstacle as technology in tillage equipment advances rapidly. Inadequate training and instruction result in underutilization of available equipment, which limits the potential benefits of mechanization. As new technologies emerge, it is critical to ensure that farmers have the knowledge and skills to use these equipment successfully to maximize efficiency and output.

Key Trends:

• Growing Adoption of Precision Agriculture: The Tillage Equipment Market is shifting toward precision agriculture, which uses technology to increase farming efficiency and output. Farmers are increasingly using GPS-guided tillage and data analytics tools to improve soil preparation and crop management. This move not only increases productivity but also reduces resource waste, making agriculture more sustainable. As technology progresses, precision instruments will certainly become increasingly common in tillage operations.
• Increased Mechanization in Developing Regions: There is a significant trend of expanding mechanization in emerging countries, which is being driven by government programs and subsidies aimed at increasing agricultural output. Farmers in these regions are likely to increase their use of tillage equipment as they seek to improve efficiency and fulfill rising food demand. This trend is supported by financial assistance programs that make modern machinery more accessible, helping farmers transition from traditional methods to advanced farming techniques.
• Sustainability and Environmental Considerations: The Tillage Equipment Market is increasingly influenced by environmental concerns, prompting manufacturers to develop eco-friendly equipment. Reduced-tillage and no-till equipment are gaining popularity because they assist in retaining soil health while also lowering carbon emissions. Farmers are increasingly willing to invest in sustainable tillage solutions that meet regulatory regulations and market demands for ecologically responsible operations.

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Global Tillage Equipment Market Regional Analysis

Here is a more detailed regional analysis of the Tillage Equipment Market:

North America:

• According to Verified Market Research, North America is estimated to exhibit substantial growth within the Tillage Equipment Market during the forecast period. Precision agricultural technologies, which frequently include improved tillage equipment, are rapidly being adopted across North America, particularly in the United States. According to the United States Department of Agriculture (USDA), the use of GPS-based guiding systems in corn production climbed from 21% of planted acres in 2005 to 72% in 2018. This shift toward precision agriculture is increasing demand for sophisticated tillage equipment that can work in unison with these technologies to improve soil management and crop yields.
• Furthermore, the shift toward greater farm sizes in North America is generating demand for more efficient and powerful tillage equipment. According to USDA data, the average farm size in the United States increased from 434 acres in 2012 to 444 acres in 2017. Also, according to the 2017 Census of Agriculture, farms with 2,000 acres or more account for 58% of all cropland in the United States, although making up only 4% of overall farms. This consolidation is driving farmers to invest in more advanced and larger-scale tillage equipment to manage their expanded operations more efficiently.

Asia Pacific:

• The Asia Pacific region is estimated to dominate the market during the forecast period. The Asia Pacific region has a large agricultural industry that is expanding, pushing up demand for tillage equipment. According to the Food and Agriculture Organization of the United Nations (FAO), Asia accounts for over 37% of global agricultural land. The World Bank reported that China alone had 119.5 million hectares of arable land in 2018. This expansive agricultural base generates a sizable demand for tillage equipment.
• Furthermore, many Asian countries are implementing programs to encourage farm mechanization, such as the use of advanced tillage equipment. For example, in India, the Ministry of Agriculture and Farmers Welfare forecasts that farm mechanization has risen from 40% in 2013-14 to 45% in 2020-21. The Indian government’s Sub-Mission on Agricultural Mechanization (SMAM) plan has contributed significantly to this expansion, with a budget allocation of INR 11.62 billion (about USD 158 Million) for the fiscal year 2021-22.

Global Tillage Equipment Market: Segmentation Analysis

The Tillage Equipment Market is  segmented on the basis of Product, Drive Type, and Equipment Type.

Tillage Equipment Market, By Product

• Primary
• Secondary

Based on Product, the market is segmented into Primary and Secondary. The primary segment is estimated to dominate the Tillage Equipment Market. This segment includes vital tools including disc ploughs, moldboard ploughs, and rotary tillers, which are critical for initial soil preparation after harvest. The demand for primary tillage equipment stems from their ability to break up compacted soil and improve aeration, hence increasing crop output. As farmers strive to increase productivity, the primary tillage segment continues to dominate the market landscape.

Tillage Equipment Market, By Drive Type

• Two-wheel Drive
• Four-wheel Drive

Based on Drive Type, the market is segmented into Two-wheel Drive and Four-wheel Drive. The two-wheel drive segment is estimated to dominate the market during the forecast period due to its cost and appropriateness for a wide range of farming applications, including sowing and pasture topping. Two-wheel drive tractors are especially popular in developing nations because of their inexpensive purchase and maintenance costs, making them affordable to small-scale farmers. As these regions become more mechanized, the need for two-wheel drive equipment is likely to expand.

Tillage Equipment Market, By Equipment Type

• Tractors
• Combines
• Others

Based on Equipment Type, the market is segmented into Tractors, Combines, and Others. The tractor segment is estimated to lead this segment in the forecast period. Tractors are vital for a variety of farming operations, including tillage, planting, and harvesting, which accounts for their dominant position. Their adaptability and ability to do numerous duties make them important on farms of any size. Furthermore, the development in farm mechanization and rising rental services for tractors in developing regions strengthen their market position, ensuring continuing growth in this segment.

Key Players

The “Tillage Equipment Market” study report will provide valuable insight with an emphasis on the global market. The major players in the market are ARGO SpA, AGCO Corp., Foton Lovol International Heavy Industries Company Ltd., Kuhn Group, Kubota Tractor Corp, Mahindra & Mahindra Ltd., Landini, Netafim Limited, Valmont Industries Incorporated, and Alamo Group Incorporated.

Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

Tillage Equipment Market Recent Developments

• In 2021, Landini launched the new Landini Serie 5 represents a super versatile utility range. Among the possible choices for the new Serie 5, first, there is the 4-cylinder, 16-valve, 3.6-litre, Turbo Intercooler FTP engine with electronic injection, available in three different powers, namely 95 HP, 102 HP, and 114 HP.
• In 2021, Valmont Industries Incorporated announced that it has entered into a definitive agreement to acquire Prospera Technologies Inc., (“Prospera”) a leading privately-held Israeli-based AI company, focused on ML and CV in agriculture. The transaction, valued at approximately $300 million, is expected to close in the second quarter of 2021.

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