Dublin, December 2, 2022 /PRNewswire/ — The “Australian Tractor Market – Industry Analysis and Forecast 2022-2028” report has been added to ResearchAndMarkets.com’s supply.
This Australia The tractor market is projected to grow at a CAGR of 3.43% during 2022-2028.
Australia With more than 25.8 million food consumers, it is one of the largest food markets in Oceania. The country has witnessed a substantial increase in agricultural mechanization in terms of agricultural and industrial productivity. In 2021, the 50-100 hp segment holds the largest share due to flexible operating capabilities.
Government programs and initiatives to facilitate credit and improve agriculture-related businesses are the key drivers contributing to the growth of the agricultural tractors market in Australia.exist September 2020, the country’s Department of Agriculture announced the National Agricultural Innovation Policy Statement, which is an important part of the Australian Government’s national agricultural innovation agenda.A world-class agricultural innovation system is a priority for the Australian Government and a key component of delivering Ag2030, supporting the industry’s goals $100 billion by 2030.
The Australian farm tractors market will grow by 33.3% in 2021 compared to 2020.The increase in crop production and tractor sales is due to favorable monsoon rains in 2020 and 2021, which will aid recovery after the COVID-19 pandemic
The country is one of the second largest in the Asia-Pacific region in terms of agricultural area. Arable land accounts for 30.9 million hectares of the country’s total land area, making it a growing market.
As the share of agricultural exports grows relatively slowly, the Australian government is developing measures to double the volume and revenue of agricultural exports by 2025. The government is identifying the boost to regional new institutional reforms based on current export food production and its potential to increase production.
farmers in Australia Wealthy enough to invest in farm machinery like tractors. In addition, farmers in the country benefit from easy credit for purchasing farm machinery.
National import in 2020 $1.01 billion The total value of tractors, of which the United States accounted for 37.8% of imports, followed by Germany.
This Australia About one third of the agricultural machinery market is exported.About one-third of the land is planted with wheat Australian Agricultural land; wheat is the main crop, accounting for about 58%, followed by barley and rapeseed.
National Export in 2020 $39.6 million The value of the tractor, of which new Zealand Accounted for 70.0% of total tractor exports AustraliaFollowed by Bolivia and Peru.
Market Trends and Opportunities
Increased use of energy-efficient tractors
The AgriStarters project aims to improve the living conditions of those in the agricultural supply chain and provide the necessary equipment in a sustainable manner. This goal joins with already announced targets to reduce overall greenhouse gas (GHC) emissions by 40% by 2030 and reach zero emissions by 2040.Adoption of energy-efficient tractors will achieve these goals and further Australia Tractor market growth.
Using Unconventional Fuels in Tractors
This Australia The agricultural tractor market has a huge demand for tractors that run on different fuels. Sales of tractors are affected by fluctuations in the price of traditional fuels such as diesel. As a result, manufacturers are focusing on developing alternative fuel tractors; today, liquefied natural gas (LNG), compressed natural gas (CNG), propane, diesel and kerosene-powered tractors are also available. Moreover, growing concerns over environmental pollution is driving the demand for biodiesel tractors. However, farmers are increasingly preferring them because they are quite cheap to operate and because they require less maintenance.
Agricultural Equipment Technology for the Australian Tractor Market
Telematics enables farm tractor drivers or operators to closely monitor their fleet and trucks by using GPS trackers. It takes data from farm equipment operating in the field and transmits it to the internet in real time.
Robotic seeding and weeding technologies help determine the correct amount of pesticides a crop needs. It is so accurate that it reduces pesticide use by 90%. It helps farmers control and prevent herbicide resistant weeds.
AI helps analyze plant health, soil conditions, temperature, humidity, and more. It allows farmers to make better decisions by interpreting field environmental data collected with the help of sensors.
Led by John Deere and Case IH Australia The collective market share of tractors exceeds 30%.competitive threat is high Australia More than 40% share of the self agricultural tractors market belongs to the top three key players.
John Deere offers new electric continuously variable transmissions for select 8 Series tractors; new JD14X engine for 9 Series; EVT enables power generation, one way for the industry to use electricity generated by tractors for its implements in the future.
CNH Industrial partnered with Monarch Tractors, a U.S.-based agricultural technology company, to March 2021. The partnership will help improve long-term sustainability and increase farmers’ awareness of the importance of zero-emission agriculture.
Other well-known suppliers
Mahindra and Mahindra
Key questions answered:
1. What is the growth rate of the tractor market in Australia?
2. How many tractors were sold Australia Per year?
3. What are the expected sales volumes for the Australian tractor market by 2028?
4. Which wheel drive has the highest market share in the Australian region?
5. Which companies dominate Australia Tractor market share?
Key topics covered:
1 Research Methodology
2 Research purposes
3 Research process
4 Scope and coverage
4.1 Market Definition
4.1.3 Considerations for market assessment
4.2 Base year
4.3 Research Scope
5 Reporting Assumptions and Considerations
5.1 Key Considerations
5.2 Currency conversion
5.3 Market Derivation
6 Market overview
7 Advanced Insights
7.1 Report coverage in terms of data
8.2 Australian Agricultural Innovation Policy
8.1 Value Chain Analysis
8.1.2 Suppliers of raw materials and components
8.1.6 End users
8.2.1 Aftermarket Overview
8.3 Structure of land holdings by region or territory
8.4 Import and export analysis
8.5 Technological progress
9 Market Structure
9.1 Market Overview
9.1.1 Serious labor shortage in the agricultural sector
9.2 Market Size and Forecast
10.1 Market Snapshot and Growth Engine
10.2 Market Overview
10.3 less than 50 horsepower
10.3.1 Market Overview
10.3.2 Market Size and Forecast
10.3.3 Agricultural Tractor Market Below 50 Horsepower Australia by region
10.4 50-100 hp
10.4.1 Market Overview
10.4.2 Market Size and Forecast
10.4.3 50-100 horsepower tractor market Australia by region
10.5 Over 100 hp
10.5.1 Market Overview
10.5.2 Market Size and Forecast
10.5.3 Market of Agricultural Tractors Over 100 Horsepower Australia by region
11 drive type
11.1 Market Snapshot and Growth Engine
11.2 Market Overview
11.2.1 Market Size and Forecast
11.3 Two-wheel drive tractors
11.3.1 Market Overview
11.3.2 Market Size and Forecast
11.3.3 2Wd Agricultural Tractor Market Australia by region
11.4 Four-wheel drive tractor
11.4.1 Market Overview
11.4.2 Market Size and Forecast
11.4.3 4Wd Agricultural Tractor Market Australia by region
13 Market Opportunities and Trends
13.1 Technological progress of tractors
13.1.1 Global Positioning System Technology
13.1.2 Growing Demand for Autonomous Tractors
13.2 Increased use of unconventional fuels in tractors
13.3 Growth Potential of Electric Tractors
14 Market Growth Drivers
14.1 Financial support to farmers through loans and subsidies
14.2 Reduce labor force and promote agricultural mechanization
14.3 Growth in agricultural productivity and exports
14.3.1 Export of agricultural products
15 Market constraints
15.1 Farmers are unaware of the latest innovations in agricultural equipment
15.1.1 Low education level of farmers in emerging countries
15.1.2 Small and medium farmers are scarce in resources
15.2 Rising Demand for Used and Rental Tractors
15.3 Falling commodity prices
16 Five Forces Analysis
16.1.1 Threat of New Entrants
16.1.2 Bargaining Power of Suppliers
16.1.3 Bargaining Power of Buyers
16.1.4 Threat of Substitutes
17 Competitive Landscape
17.1 Competition Overview
17.1.1 Farmers’ brand loyalty
17.1.2 Top Players Recent Development
17.1.3 Sales and Export
Profiles of 18 major companies
18.1 John Deere
18.1.1 Business Overview
18.1.2 John Deere in Agricultural Tractors Market
18.1.3 Product Supply
18.1.4 Key Strategies
18.1.5 Main Advantages
18.1.6 Key Opportunities
18.2.1 Business Overview
18.2.2 AGCO in Agricultural Tractor Market
18.2.3 Product Supply
18.2.4 Key Strategies
18.2.5 Main Advantages
18.2.6 Key Opportunities
18.3 Zhonghe Industry
18.3.1 Business Overview
18.3.2 Agricultural Tractor Market CNH
18.3.3 Product Supply
18.3.4 Key Strategies
18.3.5 Main Advantages
18.3.6 Key Opportunities
18.4.1 Business Overview
18.4.2 Kubota Agricultural Tractor Market
18.4.3 Product Supply
18.4.4 Key Strategies
18.4.5 Main Advantages
18.4.6 Key Opportunities
19 other well-known suppliers
19.1 Well closure
19.1.1 Business Overview
19.1.2 Product Supply
19.2.1 Business Overview
19.2.2 Product Supply
19.3 Mahindra vs. Mahindra
19.3.1 Business Overview
19.3.2 Product Supply
19.4 Klass Group
19.4.1 Business Overview
19.4.2 Product Supply
19.5 Jesse B
19.5.1 Business Overview
19.5.2 Product Supply
19.6.1 Business Overview
19.6.2 Product Supply
20 Report Summary
21 Quantitative summary
For more information on this report, please visit https://www.researchandmarkets.com/r/8ssqwj
laura woodSenior Manager
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