The “Japan Agriculture Tractors Market-Size, Trends, Competitive Analysis and Forecasts (2019-2024)” report has been added to ResearchAndMarkets.com’s offering.
The agriculture tractor market was worth USD 2.4 billion in 2018 and is expected to grow at a CAGR of 5.4% during 2019-2024.
Japan even though a highly industrialized country, yet gives a prime focus on crop production. The cultivated land accounts for 13% of the total land area. The cultivation in Japan is totally intensive. The goal of the Government is to keep increasing the succeeding harvests by incorporating modern agriculture practices and mechanization. All the farms in Japan are dependent on mechanization in the absence of labors. Tractors account for major market share of the agri-machinery sector.
Even though agriculture in Japan in highly mechanized, the agriculture sector displays a slower growth rate, as compared to other sectors in Japan. The Japan agriculture industry is aiming towards profitability and trade-oriented future through the growing involvement of joint-stock corporations and multinationals. As a result, the Government is pushing for further developments in the agri-machinery and tractor industry. Moreover, Japan is one of the largest importers of agriculture products in the world. Hence the Government pushes for increasing yield of the crops and tap other Asian countries for exports. However, the demographic decline and international challenges of trade liberalization negatively affect the Japanese agriculture industry thus impacting the agriculture tractor market.
Utility tractors are a general-purpose machine designed for plowing and driving other equipment. Utility tractors account for major market share. Self-driving tractors and tractors designed for hilly areas are the opportunity segments in the market, with the product being currently in pipeline of many key players.
Kubota, Yanmar, Iseki and Mitsubishi Mahindra are the major players in the market accounting for around 75% of the market share. The major players are focused on developing sophisticated product manufacturing technologies, high production efficiency and machining precision. Brand building and emphasis on economies of scale are other major strategies adopted by key players to acquire stable customer base.
- Market trends since 2015 and five-year forecasts of market growth
- Detailed analysis of the micro and macro elements influencing demand trends
- Identifying opportunity spaces across segments
- Supply & demand side trend and analysis
- Price trend analysis, investment prospects and competition pattern
- Insights on the growth potential of the market
- Detailed analysis of major producers covering financial investments & strategies adopted
- Competitive landscape of the industry
Key Topics Covered:
1.1 Research Methodology
1.2 Scope of the Study
3. Industry Dynamics
3.1.1 Growing access to subsidies and credits for Farm Machinery in Asia
3.1.2 Push for agriculture mechanization from policy makers
3.1.3 Focus to increase cropping intensity
3.1.4 Dwindling agriculture laborers due to Urbanization
3.2.1 Diminishing area under agriculture
3.2.2 Increased number of fragmented landholding in Asia
3.2.2 Consolidating farmland under contract farming & co-operatives
3.3.1 Growing emphasis on Precision farming
3.3.2 Hill Agriculture
3.3.3 Gender friendly tools and Equipment
3.3.4 Crop Specific Package of machines
3.4 Porter’s Five Forces Analysis
3.4.1 Bargaining power of Suppliers
3.4.2 Bargaining power of Buyers
3.4.3 Degree of Competition
3.4.4 Threat of Substitution
3.4.5 Threat of new entrants
3.5 Future Trends in the Industry
3.6 Value Chain Analysis
3.7 Industry Policies & Regulations
3.8 Market Innovations
4. Market Size and Forecast
4.1 Market Share, By Types
4.1.1 Utility Tractors
4.1.2 Row crop tractors
4.1.3 Garden Tractor
4.1.4 Orchard Tractor
4.1.4 Rotary Tillers
4.2 Market Share, By Horse Power
4.2.1 Below 40 HP
4.2.2 40 HP-100 HP
4.2.3 Above 100 HP
4.3 Market Share, By Wheel Type
4.3.1 Two Wheel
4.3.2 Four Wheel
5. Competitive Analysis
5.1 Market Share Analysis
5.2 Growth Strategies of leading players
5.3 Investment and Development Prospects
5.3.1 Investment in past five years
5.3.2 Investment Opportunities
5.4 Competition Pattern
5.4.1 Concentration Ratio
5.4.2 Industry Competition
5.5 Price Trend Analysis
5.5.1 Product Classifications and Their Prices
5.5.2 Factors Influencing Prices
6. Company Profiles
6.1 AGCO Corp.
6.2 Claas KGaA mbH
6.3 CNH Industrial N.V
6.4 Deere and Company
6.6 Escorts Limited
6.7 Kubota Corporation
6.8 Kuhn Group
6.9 Mahindra & Mahindra Ltd.
6.10 Tractors and Farm Equipment Ltd.
6.11 Yanmar Company Limited
For more information about this report visit https://www.researchandmarkets.com/r/602edj
Written by BUSINESSWIRE LIVE FEED.
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