Farm Implements Market Size, Share & Industry Analysis, By Type (Farm Machinery & Equipment, Lawn & Garden Equipment, and Others), By Application (Plant Protection, Post-Harvest & Agro-Processing, Sowing & Planting, and Others), and Regional Forecast, 2024-2032

Farm implements are required for plant propagation, planting, pest control, harvesting, storage, and distribution of crops. Weather conditions of the region, the type of crops that will be grown in the region, and the scale of production are some factors that are considered in selecting farm implements for crop production. There are different types of farm implements that are used in modern agriculture. They can be classified into five categories: irrigation machinery, soil cultivation implements, planting machines, harvesting implements, and others. The adoption of innovative technology in the agriculture sector is rising among farmers, which is set to drive farm implements market growth in the coming years.

Additionally, using farm implements leads to improved agricultural techniques in irrigation, harvesting, and the prevention of soil erosion. For instance, tractor-attached cultivators help farmers cultivate more land. Advanced irrigation technology and harvesting methods have helped farmers increase their farm yield and enhance production capabilities.

Moreover, using agriculture machines, namely power tillers, can diminish the dependency on labor and improve the farmers' quality of life. Using agricultural implements increases productivity, efficiency, and quality of crops and soil. Therefore, the demand for farm implements is growing in the market.

Impact of COVID-19 on Farm Implements Market

The COVID-19 pandemic severely affected the global economy as governments worldwide undertook lockdown initiatives and limited the movement of people to prevent the spread of the disease. All industrial activities were paused, and the transport of goods and people across borders was restricted.

The unavailability of skilled laborers impacted the industrial production of tractors and other agricultural equipment. On the market side, an acute labor shortage prompted farmers to adopt mechanization for cultivation purposes. While the government exempted the agri-machinery and spares from lockdown, the sale of tractors remains out of the essential product category, impacting their availability in the market. These actions significantly affected the availability of export and import of machinery and resulted in suppliers, manufacturers, and retailers struggling to ensure a continued supply of machinery in the market.

Key Insights

The report will cover the following key insights:

• Product launches by key market players


• Market overview


• Supply chain challenges


• Impact of COVID-19 on farm implements market

Analysis by Type

Farm machinery & equipment holds the largest proportion in the overall farm implements market share due to increasing crop food production. The growers use the machinery and equipment to improve productivity and ensure a better yield quality. Machinery and equipment include implements, tractors, sprayers, and multi-crop harvesting. Products such as agriculture sprayers employ pressure to spray pesticides from the tank through the sprayer's nozzles, subsequently spraying them on the crops or the soil. The sales of such products have also increased farmers' adoption of chemical pesticides for crop protection.

Analysis by Application

The plant protection segment is expected to witness significant growth owing to the increased use of plant protection equipment in the field. The need for protecting the crop from insects and getting the best yield quality crop has increased significantly in recent years. Diverse plant protection equipment are needed, such as field sprayers, vineyard and hop sprayers, fruit crops, pedestrian sprayers, seed dressing machines, granules applicators, fogging machines, and others to maximize plant protection.

Regional Analysis

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Asia Pacific is anticipated to witness appreciable growth over the coming years. This is due to the rising demand for cereals & grains, fruits & vegetables, and others. Crop production is higher in Asia, especially in India, China, and Southeast Asian countries. Therefore, these countries require more farm equipment to cultivate the crop. The growing adoption of advanced technologies in agriculture machinery plays a crucial role in improving operational efficiency and profitability. It helps farmers use farming equipment to produce a more efficient and enhanced variety of crops in less time.

Key Players Covered

The report will include key players such as Mahindra & Mahindra Limited, AGCO Corporation, Agromaster Agricultural Machinery, Morris Industries Ltd., SDF Group, Maschio Gaspardo SpA., Jain Irrigation Systems, Iseki & Co. Ltd., Kubota Corporation, and others.

Segmentation

Key Industry Developments

• August 2021 - AGCO Corporation's Massey Ferguson brand launched the VE series seed drill. The series consists of rigid folding frame planters and track planters for narrow transport, providing growers with low-maintenance, reliable, and durable planters for optimum yields.


• March 2021 - John Deere introduced several new agricultural equipment and updated their product availability for farmers. For instance, John Deere updated its 8 Series Tractors series, including the wheel 8R, two-track 8RT, and four-track 8RX models. In addition, it launched new technology features aimed at helping improve fertilizer spraying operations for farmers.