Agricultural machinery is a broad category of mechanical tools, vehicles, and equipment used to support various farming and agricultural jobs. Modern agriculture operations would not be possible without these instruments. Tractors and ploughs 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 water management.
The Japan Agriculture Machinery Market is expected to reach USD XX billion by 2033 with a CAGR of 2.44%, 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."
The Japan Agriculture Equipment Market is growing as a result of a number of important factors. The tractor is one of the most important pieces of farm equipment that most farmers utilise in terms of benefits. In Japan, the use of tractors is increasing relative to other agricultural equipment. According to the Japan Tractors Farm Machinery Manufacturers Association, by 2020, agricultural machinery production would have surpassed USD 3734.78 million globally. Tractors make up 57% of the value of agricultural machinery.
Furthermore, rice accounts for around 47% of Japan's yearly agricultural output value, making it the most significant crop in the nation. Given that rice is the most mechanised crop in the country, tractors are among the most often used agricultural machinery.
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Despite technological developments and strict production requirements, the Japan Agricultural Machinery Market faces significant challenges. The ageing farming population, with a growing percentage of farmers over 65, is a major source for worry. This generational shift raises the question of whether traditional farmers would adopt new machinery and technology given their propensity for resisting change. Large-scale machinery cannot be widely deployed due to the dispersion of land ownership and the lack of arable land. Another barrier preventing smaller farmers from investing in state-of-the-art gear is the high cost of agricultural equipment.
The COVID-19 pandemic has had a major effect on the farm equipment market in Japan. Originally, delays in the delivery of essential parts and equipment were caused by disturbances in global supply networks and transportation operations. Restrictions and shutdown protocols also hindered manufacturing and industry, lowering output. Demand was down as a result of farmers delaying or reconsidering purchases of new equipment due to market uncertainty.
Key Players in the Japanese Agriculture Machinery Market:
The Japanese market for agricultural machinery is geographically diverse, with notable regional variations, creating a dynamic environment. The country's agricultural industry is notable for its use of cutting-edge machinery, productive farming methods, and a strong focus on precision agriculture. Large-scale mechanised farming is common in northern Japan, especially in Hokkaido, the "breadbasket," since there is readily available land and a focus on grain crops. Modern planting machinery, combine harvesters, and tractors are becoming more and more necessary as a result of this. Furthermore, a few of the leading industry players are AGCO Corp, Agrale, CNH Industrial NV, Deere and Company, Kubota Corporation, Kukie Machinery Company Limited, Messey Ferguson, Yanmar Company Limited, and Others.
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Japan Agriculture Machinery Market Size
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