Agricultural machinery is a broad category of mechanical devices, equipment, and vehicles used to help with various farming and agricultural operations. These machines are critical in the modernization and enhancement of agricultural processes. Tractors and plows are used for soil preparation, seeders and planters are used for crop planting, harvesters and threshers are used for grain gathering, and irrigation systems are used for effective water management.
According to SPER market research, ‘Japan Agriculture Machinery Market Size- By Type, By Automation, By End User- Regional Outlook, Competitive Strategies and Segment Forecast to 2033’ state that the Japan Agriculture Machinery Market is predicted to reach USD XX billion by 2033 with a CAGR of 2.44%.
The growth factors of the Japan Agriculture Equipment Market are numerous and can be attributed to a number of major elements. In terms of benefits, the tractor is one of the most important pieces of farm machinery utilized by the majority of farmers. In Japan, tractor use is expanding in comparison to other agricultural equipment. According to the Japan Tractors & Farm Machinery Manufacturers Association, total agriculture machinery production in 2020 is expected to exceed USD 3734.78 million. Tractors account for 57% of the total value of agricultural machinery.
Furthermore, rice is Japan’s most significant crop, accounting for around 47% of agricultural output value each year. Because rice is the most mechanized crop in the country, agricultural equipment, particularly tractors, is commonly used.
The Japan Agricultural Machinery Market faces a number of severe challenges despite technical developments and strong production standards. The aging farming population, with a growing percentage of farmers over the age of 65, is a significant source of worry. This generational shift raises questions about whether traditional farmers would adopt contemporary tools and technologies because they may be resistant to change. Furthermore, it is impossible to deploy large-scale machinery widely due to the lack of arable land and the dispersion of land ownership. Another barrier is the high price of agricultural equipment, which prevents smaller farmers from making investments in cutting-edge equipment.
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The COVID-19 pandemic has had a significant impact on Japan’s Farm Equipment Market. In the early phases, delays in the delivery of essential parts and equipment were brought on by interruptions in global supply chains and logistics of transportation. Restrictions and lockdown measures also hindered manufacturing and industry, lowering output. Demand decreased as a result of many farmers delaying or rethinking purchases of new equipment due to market uncertainties.
Geographically, The Japanese market for agricultural machinery displays a dynamic landscape with considerable regional variations. The agricultural industry of the nation is distinguished by the adoption of cutting-edge technology, effective farming methods, and a significant focus on precision agriculture. Due to the abundance of available land and the emphasis on cereal crops, large-scale mechanical farming is common in the northern regions like Hokkaido, regarded as the “breadbasket” of Japan. Due to this, demand for tractors, cutting-edge planting equipment, and combine harvesters has increased. Additionally, some of the market key players are 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.
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