About this market
Technavio's plow market analysis considers sales from both classic plows and modern plows types. Our study also finds the sales of plow in APAC, Europe, MEA, North America, and South America. In 2019, the classic plows segment had a significant market share, and this trend is expected to continue over the forecast period. Factors such as enhanced features and functionalities of classic plows will play a significant role in the classic plows segment to maintain its market position. Also, our global plow market report looks at factors such as availability of varied types of plows, government subsidies for farm equipment, and growing demand for food due to the increasing population. However, the declining level of arable lands, growing preference for used farm equipment, and rental of farm equipment may hamper the growth of the plow industry over the forecast period.
Overview
Availability of varied type of plows
Disc plow, chisel plow, subsoiler, and rotary plows are the types of plows available in the global plow market. The availability of plows in several types is likely to encourage the adoption of plows for broader and specific applications on farmland. For instance, sub-soiler plows are used to achieve tillage deeper than moldboard plowing depth, while, disc hollow plows are used before plowing the land to reduce clogging. Thus, the availability of varied types of plows will lead to the expansion of the global plow market at a CAGR of over 5% during the forecast period.
Growing awareness about the benefits of modern plowing machines
Vendors are designing tilling equipment, such as modern plows, to complete more than two tasks at one attempt and minimize the time consumed in making the land ready for cropping. Mechanization of plows helps farmers make harrows at a consistent level, clean the residue, and break substantial amounts of land debris in a single instance of plowing. Mechanization of plows helps in multitasking and improving farming methods to increase crop yield out of land. This development is expected to have a positive impact on the overall market growth.
For the detailed list of factors that will drive the global plow market during the forecast period 2020-2024, view our report.
Competitive Landscape
With the presence of several major players, the global plow market is fragmented. Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading plow manufacturers, that include AGCO Corp., Brohawk Group, CNH Industrial NV, Deere & Co., ISEKI & Co. Ltd., Kubota Corp., KUHN Group, LEMKEN GmbH & Co., Mahindra & Mahindra Ltd., and YANMAR HOLDINGS Co. Ltd.
Also, the plow market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.
TABLE OF CONTENTS
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
- 2.1 Preface
- 2.2 Preface
- 2.3 Currency conversion rates for US$
PART 03: MARKET LANDSCAPE
- Market ecosystem
- Market characteristics
- Value chain analysis
- Market segmentation analysis
PART 04: MARKET SIZING
- Market definition
- Market sizing 2019
- Market outlook
- Market size and forecast 2019-2024
PART 05: FIVE FORCES ANALYSIS
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
PART 06: MARKET SEGMENTATION BY TYPE
- Market segmentation by type
- Comparison by type
- Classic plows - Market size and forecast 2019-2024
- Modern plows - Market size and forecast 2019-2024
- Market opportunity by type
PART 07: CUSTOMER LANDSCAPE
PART 08: GEOGRAPHIC LANDSCAPE
- Geographic segmentation
- Geographic comparison
- APAC - Market size and forecast 2019-2024
- North America - Market size and forecast 2019-2024
- Europe - Market size and forecast 2019-2024
- South America - Market size and forecast 2019-2024
- MEA - Market size and forecast 2019-2024
- Key leading countries
- Market opportunity
PART 09: DECISION FRAMEWORK
PART 10: DRIVERS AND CHALLENGES
- Market drivers
- Market challenges
PART 11: MARKET TRENDS
- Growing awareness about benefits of modern plowing machines
- New product launches
- Growing preference for e-commerce platforms
PART 12: VENDOR LANDSCAPE
- Overview
- Landscape disruption
- Competitive scenario
PART 13: VENDOR ANALYSIS
- Vendors covered
- Vendor classification
- Market positioning of vendors
- AGCO Corp.
- Brohawk Group
- CNH Industrial NV
- Deere & Co.
- ISEKI & Co. Ltd.
- Kubota Corp.
- KUHN Group
- LEMKEN GmbH & Co.
- Mahindra & Mahindra Ltd.
- YANMAR HOLDINGS Co. Ltd.
PART 14: APPENDIX
- Research methodology
- List of abbreviations
- Definition of market positioning of vendors
PART 15: EXPLORE TECHNAVIO
