Market Size of North America Plowing and Cultivating Machinery Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 2.96 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
North America Plowing & Cultivating Machinery Market Analysis
The North American plowing and cultivating machinery market was valued at USD 3.9 billion in 2018 and is expected to reach USD 866 million by 2024, at a CAGR of 2.96% during the forecast period, 2019-2024.
North America is the largest market for agricultural machinery in the world, thanks to the use of advanced farming over extensive areas, with support from new technologies used in farm machinery. Some of the advanced technologies used in ploughing and cultivating operations extensively in North America include GPS-enabled equipment, extensive soil sampling, and real-time monitoring of soil moisture content using sensors, among others.
North America Plowing & Cultivating Machinery Industry Segmentation
Plowing and cultivating machines are used prior to sowing or planting of the crop to enhance the soil permeability, which increases fertility and conditions the soil. It homogenizes and conditions up to 12-25 cm of topsoil and enhances nutrient availability for the crop.
| By Product Type | |
| Plows | |
| Harrows | |
| Cultivators and Tillers | |
| Other Product Types |
| By Application Type | |
| Soil Loosening | |
| Clod Size Reduction | |
| Clod Sorting | |
| Other Application Types |
| Geography | |
| United States | |
| Canada | |
| Mexico | |
| Rest of North America |
North America Plowing and Cultivating Machinery Market Size Summary
The North American plowing and cultivating machinery market is a significant segment within the global agricultural machinery industry, driven by the region's adoption of advanced farming technologies. The market benefits from the integration of innovations such as GPS-enabled equipment, soil sampling, and real-time soil moisture monitoring, which enhance the efficiency and effectiveness of farming operations. Despite the challenges posed by labor shortages, particularly in the United States, the trend towards farm mechanization is expected to bolster demand for agricultural machinery. This shift is largely due to the increasing reliance on mechanized solutions to compensate for the declining workforce and rising labor costs, particularly among large-scale farmers.
However, the market faces challenges from the growing adoption of no-till farming practices, which aim to reduce soil erosion and enhance soil health without the need for extensive plowing and tillage. This shift towards conservation agriculture is gaining traction in the United States, where a significant portion of cropland is already under no-till cultivation. As a result, the demand for traditional plowing and cultivating machinery may experience slower growth. The market is characterized by a high level of consolidation, with a few major companies dominating the landscape, while numerous local firms capture smaller market shares.
North America Plowing and Cultivating Machinery Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Introduction to Market Drivers and Restraints
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1.3 Market Drivers
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1.4 Market Restraints
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1.5 Porter's Five Force Analysis
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1.5.1 Bargaining Power of Suppliers
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1.5.2 Bargaining Power of Buyers
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1.5.3 Threat of New Entrants
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1.5.4 Threat of Substitutes
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1.5.5 Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 By Product Type
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2.1.1 Plows
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2.1.2 Harrows
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2.1.3 Cultivators and Tillers
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2.1.4 Other Product Types
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2.2 By Application Type
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2.2.1 Soil Loosening
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2.2.2 Clod Size Reduction
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2.2.3 Clod Sorting
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2.2.4 Other Application Types
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2.3 Geography
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2.3.1 United States
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2.3.2 Canada
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2.3.3 Mexico
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2.3.4 Rest of North America
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North America Plowing and Cultivating Machinery Market Size FAQs
What is the current North America Plowing and Cultivating Machinery Market size?
The North America Plowing and Cultivating Machinery Market is projected to register a CAGR of 2.96% during the forecast period (2024-2029)
Who are the key players in North America Plowing and Cultivating Machinery Market?
Kubota Corporation, AGCO Corporation, CNH Industrial NV, Kuhn Group and Deere & Co. are the major companies operating in the North America Plowing and Cultivating Machinery Market.
