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Agricultural Chain Market Insights 2024, Analysis and Forecast to 2029, by Manufacturers, Regions, Technology, Product Type

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  • 86 Pages
  • November 2024
  • Region: Global
  • Prof Research
  • ID: 5726693
Description Jump to:
The Agricultural Chain Market is witnessing significant growth due to the increasing demand for various agricultural machinery and equipment. As these machines are essential for modern farming, the demand for efficient and durable chains has surged in recent years. This report provides an in-depth analysis of the market, focusing on market size, share, trends, key players, and segment forecasts from 2024 to 2029.

Market Overview

The agricultural chain market encompasses various types of chains used in agricultural machinery, including drive chains, conveyor chains, timing chains, and others. These chains play a crucial role in the functionality and efficiency of different machinery, such as tractors, harvesters, and irrigation systems. With the expansion of the agricultural sector and the increasing adoption of automation, the market is poised for substantial growth.

Market Size and Forecast

As of 2023, the global agricultural chain market was valued at approximately $2.1 billion. The market is projected to grow at a compound annual growth rate (CAGR) of 5.2% from 2024 to 2029, ultimately reaching an estimated value of $2.7 billion by the end of the forecast period.

Market Share and Trends Analysis

The agricultural chain market can be segmented by product type, including:

  • Drive Chain
  • Conveyor Chain
  • Timing Chain
  • Others
In 2023, the drive chain segment accounted for the largest market share at approximately 40%, followed by conveyor chains at 35%. Timing chains and other categories hold the remainder of the market share. The demand for drive chains is primarily driven by their application in tractors and other heavy machinery, supporting the overall efficiency of farming operations.

Key Players in the Market

Several key players dominate the agricultural chain market, contributing significantly to its growth:

  • IWIS Group
  • DAIDO KOGYO
  • Tsubaki Group
  • KMC Chain Industrial
  • Qingdao Choho Industrial
  • Donghua Chain Group
These companies are focused on innovation, product development, and expanding their distribution networks to maintain a competitive edge. Recent partnerships and collaborations among these players are creating synergies that enhance product offerings and improve market penetration.

Market by Process

The agricultural chain market can also be analyzed based on process, primarily encompassing:

  • Manufacturing
  • Repair & Maintenance
The manufacturing process is further segmented into forging, welding, and coating. The manufacturing segment is expected to maintain a significant share of the market due to the continuous need for new chains driven by agricultural innovations.

Market by Application

While the agricultural chain market serves numerous applications, it is mainly segmented into:
  • Tractors
  • Harvesters
  • Irrigation Systems
  • Others
The tractor application segment held the largest share of the market in 2023, accounting for approximately 45%. This growth can be attributed to the rising demand for efficient farming basics as farmers look to increase productivity with modern equipment.

Market by End-Use

The agricultural chain market can also be segmented based on end-use, including:
  • Large Farms
  • Small and Medium-sized Farms
Large farms dominate the market due to their higher adoption of advanced agricultural technologies, including machinery that relies heavily on durable chains. However, as small and medium-sized farms modernize their equipment, this segment is expected to grow significantly in the coming years.

Market by Region

The agricultural chain market is geographically segmented into:
  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East & Africa
North America currently holds the largest market share, estimated at 35%, due to advancements in agricultural technologies and extensive utilization of farming machinery. The Asia-Pacific region is anticipated to witness the fastest growth, backed by rising agricultural activities and government initiatives to modernize the agricultural sector.

Market News and Policy Updates

Recent developments in the agricultural chain market have highlighted key policies impacting the sector. Governments in various regions are implementing measures to promote sustainable farming practices, which include the use of advanced machinery. These regulations are expected to drive up the demand for efficient agricultural chains as farmers seek to comply with sustainability standards.

Furthermore, companies are increasingly investing in research and development to produce lightweight, durable, and corrosion-resistant chains tailored to specific agricultural needs, further boosting the market. Economic pressures also prompt agricultural machinery manufacturers to prioritize efficiency improvements through better chain technology.

Segment Forecasts 2024-2029

Based on the analysis, segments of the agricultural chain market are projected to grow as follows:

  • Drive Chains: Expected to hold steady market dominance with a CAGR of 5.0%.
  • Conveyor Chains: Anticipated to grow at a CAGR of 5.5%, largely driven by advances in mechanization.
  • Timing Chains: Expected to showcase a CAGR of 4.8%, appealing to applications in precision machinery.
  • Others: A standalone growth of 4.2%.
In conclusion, the agricultural chain market is evolving rapidly. With the right investments in technology and sustainability practices, stakeholders in this market stand to benefit from the growing need for efficient agricultural solutions. The next few years will be critical as changing consumer preferences and technological advancements continue to reshape the industry landscape.

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Table of Contents

Chapter 1 Executive SummaryChapter 2 Abbreviation and Acronyms
Chapter 3 Preface
3.1 Research Scope
3.2 Research Sources
3.2.1 Data Sources
3.2.2 Assumptions
3.3 Research Method
Chapter 4 Market Landscape
4.1 Market Overview
4.2 Classification/Types
4.3 Application/End Users
Chapter 5 Market Trend Analysis
5.1 Introduction
5.2 Drivers
5.3 Restraints
5.4 Opportunities
5.5 Threats
5.6 COVID-19 Impact
Chapter 6 Industry Chain Analysis
6.1 Upstream/Suppliers Analysis
6.2 Agricultural Chain Analysis
6.2.1 Technology Analysis
6.2.2 Cost Analysis
6.2.3 Market Channel Analysis
6.3 Downstream Buyers/End Users
Chapter 7 Latest Market Dynamics
7.1 Latest News
7.2 Merger and Acquisition
7.3 Planned/Future Project
7.4 Policy Dynamics
Chapter 8 Trading Analysis
8.1 Export of Agricultural Chain by Region
8.2 Import of Agricultural Chain by Region
8.3 Balance of Trade
Chapter 9 Historical and Forecast Agricultural Chain Market in North America (2019-2029)
9.1 Agricultural Chain Market Size
9.2 Agricultural Chain Demand by End Use
9.3 Competition by Players/Suppliers
9.4 Type Segmentation and Price
9.5 Key Countries Analysis
9.5.1 United States
9.5.2 Canada
9.5.3 Mexico
Chapter 10 Historical and Forecast Agricultural Chain Market in South America (2019-2029)
10.1 Agricultural Chain Market Size
10.2 Agricultural Chain Demand by End Use
10.3 Competition by Players/Suppliers
10.4 Type Segmentation and Price
10.5 Key Countries Analysis
10.5.1 Brazil
10.5.2 Argentina
10.5.3 Chile
10.5.4 Peru
Chapter 11 Historical and Forecast Agricultural Chain Market in Asia & Pacific (2019-2029)
11.1 Agricultural Chain Market Size
11.2 Agricultural Chain Demand by End Use
11.3 Competition by Players/Suppliers
11.4 Type Segmentation and Price
11.5 Key Countries Analysis
11.5.1 China
11.5.2 India
11.5.3 Japan
11.5.4 South Korea
11.5.5 Southeast Asia
11.5.6 Australia
Chapter 12 Historical and Forecast Agricultural Chain Market in Europe (2019-2029)
12.1 Agricultural Chain Market Size
12.2 Agricultural Chain Demand by End Use
12.3 Competition by Players/Suppliers
12.4 Type Segmentation and Price
12.5 Key Countries Analysis
12.5.1 Germany
12.5.2 France
12.5.3 United Kingdom
12.5.4 Italy
12.5.5 Spain
12.5.6 Belgium
12.5.7 Netherlands
12.5.8 Austria
12.5.9 Poland
12.5.10 Russia
Chapter 13 Historical and Forecast Agricultural Chain Market in MEA (2019-2029)
13.1 Agricultural Chain Market Size
13.2 Agricultural Chain Demand by End Use
13.3 Competition by Players/Suppliers
13.4 Type Segmentation and Price
13.5 Key Countries Analysis
13.5.1 Egypt
13.5.2 Israel
13.5.3 South Africa
13.5.4 Gulf Cooperation Council Countries
13.5.5 Turkey
Chapter 14 Summary For Global Agricultural Chain Market (2019-2024)
14.1 Agricultural Chain Market Size
14.2 Agricultural Chain Demand by End Use
14.3 Competition by Players/Suppliers
14.4 Type Segmentation and Price
Chapter 15 Global Agricultural Chain Market Forecast (2024-2029)
15.1 Agricultural Chain Market Size Forecast
15.2 Agricultural Chain Demand Forecast
15.3 Competition by Players/Suppliers
15.4 Type Segmentation and Price Forecast
Chapter 16 Analysis of Global Key Vendors
16.1 IWIS Group
16.1.1 Company Profile
16.1.2 Main Business and Agricultural Chain Information
16.1.3 SWOT Analysis of IWIS Group
16.1.4 IWIS Group Agricultural Chain Sales, Revenue, Price and Gross Margin (2019-2024)
16.2 DAIDO KOGYO
16.2.1 Company Profile
16.2.2 Main Business and Agricultural Chain Information
16.2.3 SWOT Analysis of DAIDO KOGYO
16.2.4 DAIDO KOGYO Agricultural Chain Sales, Revenue, Price and Gross Margin (2019-2024)
16.3 Tsubaki Group
16.3.1 Company Profile
16.3.2 Main Business and Agricultural Chain Information
16.3.3 SWOT Analysis of Tsubaki Group
16.3.4 Tsubaki Group Agricultural Chain Sales, Revenue, Price and Gross Margin (2019-2024)
16.4 KMC Chain Industrial
16.4.1 Company Profile
16.4.2 Main Business and Agricultural Chain Information
16.4.3 SWOT Analysis of KMC Chain Industrial
16.4.4 KMC Chain Industrial Agricultural Chain Sales, Revenue, Price and Gross Margin (2019-2024)
16.5 Qingdao Choho Industrial
16.5.1 Company Profile
16.5.2 Main Business and Agricultural Chain Information
16.5.3 SWOT Analysis of Qingdao Choho Industrial
16.5.4 Qingdao Choho Industrial Agricultural Chain Sales, Revenue, Price and Gross Margin (2019-2024)
16.6 Donghua Chain Group
16.6.1 Company Profile
16.6.2 Main Business and Agricultural Chain Information
16.6.3 SWOT Analysis of Donghua Chain Group
16.6.4 Donghua Chain Group Agricultural Chain Sales, Revenue, Price and Gross Margin (2019-2024)
List of Tables and Figures
Table Abbreviation and Acronyms List
Table Research Scope of Agricultural Chain Report
Table Data Sources of Agricultural Chain Report
Table Major Assumptions of Agricultural Chain Report
Figure Market Size Estimated Method
Figure Major Forecasting Factors
Figure Agricultural Chain Picture
Table Agricultural Chain Classification
Table Agricultural Chain Applications List
Table Drivers of Agricultural Chain Market
Table Restraints of Agricultural Chain Market
Table Opportunities of Agricultural Chain Market
Table Threats of Agricultural Chain Market
Table COVID-19 Impact For Agricultural Chain Market
Table Raw Materials Suppliers List
Table Different Production Methods of Agricultural Chain
Table Cost Structure Analysis of Agricultural Chain
Table Key End Users List
Table Latest News of Agricultural Chain Market
Table Merger and Acquisition List
Table Planned/Future Project of Agricultural Chain Market
Table Policy of Agricultural Chain Market
Table 2019-2029 Regional Export of Agricultural Chain
Table 2019-2029 Regional Import of Agricultural Chain
Table 2019-2029 Regional Trade Balance
Figure 2019-2029 Regional Trade Balance
Table 2019-2029 North America Agricultural Chain Market Size and Market Volume List
Figure 2019-2029 North America Agricultural Chain Market Size and CAGR
Figure 2019-2029 North America Agricultural Chain Market Volume and CAGR
Table 2019-2029 North America Agricultural Chain Demand List by Application
Table 2019-2024 North America Agricultural Chain Key Players Sales List
Table 2019-2024 North America Agricultural Chain Key Players Market Share List
Table 2019-2029 North America Agricultural Chain Demand List by Type
Table 2019-2024 North America Agricultural Chain Price List by Type
Table 2019-2029 United States Agricultural Chain Market Size and Market Volume List
Table 2019-2029 United States Agricultural Chain Import & Export List
Table 2019-2029 Canada Agricultural Chain Market Size and Market Volume List
Table 2019-2029 Canada Agricultural Chain Import & Export List
Table 2019-2029 Mexico Agricultural Chain Market Size and Market Volume List
Table 2019-2029 Mexico Agricultural Chain Import & Export List
Table 2019-2029 South America Agricultural Chain Market Size and Market Volume List
Figure 2019-2029 South America Agricultural Chain Market Size and CAGR
Figure 2019-2029 South America Agricultural Chain Market Volume and CAGR
Table 2019-2029 South America Agricultural Chain Demand List by Application
Table 2019-2024 South America Agricultural Chain Key Players Sales List
Table 2019-2024 South America Agricultural Chain Key Players Market Share List
Table 2019-2029 South America Agricultural Chain Demand List by Type
Table 2019-2024 South America Agricultural Chain Price List by Type
Table 2019-2029 Brazil Agricultural Chain Market Size and Market Volume List
Table 2019-2029 Brazil Agricultural Chain Import & Export List
Table 2019-2029 Argentina Agricultural Chain Market Size and Market Volume List
Table 2019-2029 Argentina Agricultural Chain Import & Export List
Table 2019-2029 Chile Agricultural Chain Market Size and Market Volume List
Table 2019-2029 Chile Agricultural Chain Import & Export List
Table 2019-2029 Peru Agricultural Chain Market Size and Market Volume List
Table 2019-2029 Peru Agricultural Chain Import & Export List
Table 2019-2029 Asia & Pacific Agricultural Chain Market Size and Market Volume List
Figure 2019-2029 Asia & Pacific Agricultural Chain Market Size and CAGR
Figure 2019-2029 Asia & Pacific Agricultural Chain Market Volume and CAGR
Table 2019-2029 Asia & Pacific Agricultural Chain Demand List by Application
Table 2019-2024 Asia & Pacific Agricultural Chain Key Players Sales List
Table 2019-2024 Asia & Pacific Agricultural Chain Key Players Market Share List
Table 2019-2029 Asia & Pacific Agricultural Chain Demand List by Type
Table 2019-2024 Asia & Pacific Agricultural Chain Price List by Type
Table 2019-2029 China Agricultural Chain Market Size and Market Volume List
Table 2019-2029 China Agricultural Chain Import & Export List
Table 2019-2029 India Agricultural Chain Market Size and Market Volume List
Table 2019-2029 India Agricultural Chain Import & Export List
Table 2019-2029 Japan Agricultural Chain Market Size and Market Volume List
Table 2019-2029 Japan Agricultural Chain Import & Export List
Table 2019-2029 South Korea Agricultural Chain Market Size and Market Volume List
Table 2019-2029 South Korea Agricultural Chain Import & Export List
Table 2019-2029 Southeast Asia Agricultural Chain Market Size List
Table 2019-2029 Southeast Asia Agricultural Chain Market Volume List
Table 2019-2029 Southeast Asia Agricultural Chain Import List
Table 2019-2029 Southeast Asia Agricultural Chain Export List
Table 2019-2029 Australia Agricultural Chain Market Size and Market Volume List
Table 2019-2029 Australia Agricultural Chain Import & Export List
Table 2019-2029 Europe Agricultural Chain Market Size and Market Volume List
Figure 2019-2029 Europe Agricultural Chain Market Size and CAGR
Figure 2019-2029 Europe Agricultural Chain Market Volume and CAGR
Table 2019-2029 Europe Agricultural Chain Demand List by Application
Table 2019-2024 Europe Agricultural Chain Key Players Sales List
Table 2019-2024 Europe Agricultural Chain Key Players Market Share List
Table 2019-2029 Europe Agricultural Chain Demand List by Type
Table 2019-2024 Europe Agricultural Chain Price List by Type
Table 2019-2029 Germany Agricultural Chain Market Size and Market Volume List
Table 2019-2029 Germany Agricultural Chain Import & Export List
Table 2019-2029 France Agricultural Chain Market Size and Market Volume List
Table 2019-2029 France Agricultural Chain Import & Export List
Table 2019-2029 United Kingdom Agricultural Chain Market Size and Market Volume List
Table 2019-2029 United Kingdom Agricultural Chain Import & Export List
Table 2019-2029 Italy Agricultural Chain Market Size and Market Volume List
Table 2019-2029 Italy Agricultural Chain Import & Export List
Table 2019-2029 Spain Agricultural Chain Market Size and Market Volume List
Table 2019-2029 Spain Agricultural Chain Import & Export List
Table 2019-2029 Belgium Agricultural Chain Market Size and Market Volume List
Table 2019-2029 Belgium Agricultural Chain Import & Export List
Table 2019-2029 Netherlands Agricultural Chain Market Size and Market Volume List
Table 2019-2029 Netherlands Agricultural Chain Import & Export List
Table 2019-2029 Austria Agricultural Chain Market Size and Market Volume List
Table 2019-2029 Austria Agricultural Chain Import & Export List
Table 2019-2029 Poland Agricultural Chain Market Size and Market Volume List
Table 2019-2029 Poland Agricultural Chain Import & Export List
Table 2019-2029 Russia Agricultural Chain Market Size and Market Volume List
Table 2019-2029 Russia Agricultural Chain Import & Export List
Table 2019-2029 MEA Agricultural Chain Market Size and Market Volume List
Figure 2019-2029 MEA Agricultural Chain Market Size and CAGR
Figure 2019-2029 MEA Agricultural Chain Market Volume and CAGR
Table 2019-2029 MEA Agricultural Chain Demand List by Application
Table 2019-2024 MEA Agricultural Chain Key Players Sales List
Table 2019-2024 MEA Agricultural Chain Key Players Market Share List
Table 2019-2029 MEA Agricultural Chain Demand List by Type
Table 2019-2024 MEA Agricultural Chain Price List by Type
Table 2019-2029 Egypt Agricultural Chain Market Size and Market Volume List
Table 2019-2029 Egypt Agricultural Chain Import & Export List
Table 2019-2029 Israel Agricultural Chain Market Size and Market Volume List
Table 2019-2029 Israel Agricultural Chain Import & Export List
Table 2019-2029 South Africa Agricultural Chain Market Size and Market Volume List
Table 2019-2029 South Africa Agricultural Chain Import & Export List
Table 2019-2029 Gulf Cooperation Council Countries Agricultural Chain Market Size and Market Volume List
Table 2019-2029 Gulf Cooperation Council Countries Agricultural Chain Import & Export List
Table 2019-2029 Turkey Agricultural Chain Market Size and Market Volume List
Table 2019-2029 Turkey Agricultural Chain Import & Export List
Table 2019-2024 Global Agricultural Chain Market Size List by Region
Table 2019-2024 Global Agricultural Chain Market Size Share List by Region
Table 2019-2024 Global Agricultural Chain Market Volume List by Region
Table 2019-2024 Global Agricultural Chain Market Volume Share List by Region
Table 2019-2024 Global Agricultural Chain Demand List by Application
Table 2019-2024 Global Agricultural Chain Demand Market Share List by Application
Table 2019-2024 Global Agricultural Chain Key Vendors Sales List
Table 2019-2024 Global Agricultural Chain Key Vendors Sales Share List
Figure 2019-2024 Global Agricultural Chain Market Volume and Growth Rate
Table 2019-2024 Global Agricultural Chain Key Vendors Revenue List
Figure 2019-2024 Global Agricultural Chain Market Size and Growth Rate
Table 2019-2024 Global Agricultural Chain Key Vendors Revenue Share List
Table 2019-2024 Global Agricultural Chain Demand List by Type
Table 2019-2024 Global Agricultural Chain Demand Market Share List by Type
Table 2019-2024 Regional Agricultural Chain Price List
Table 2024-2029 Global Agricultural Chain Market Size List by Region
Table 2024-2029 Global Agricultural Chain Market Size Share List by Region
Table 2024-2029 Global Agricultural Chain Market Volume List by Region
Table 2024-2029 Global Agricultural Chain Market Volume Share List by Region
Table 2024-2029 Global Agricultural Chain Demand List by Application
Table 2024-2029 Global Agricultural Chain Demand Market Share List by Application
Table 2024-2029 Global Agricultural Chain Key Vendors Sales List
Table 2024-2029 Global Agricultural Chain Key Vendors Sales Share List
Figure 2024-2029 Global Agricultural Chain Market Volume and Growth Rate
Table 2024-2029 Global Agricultural Chain Key Vendors Revenue List
Figure 2024-2029 Global Agricultural Chain Market Size and Growth Rate
Table 2024-2029 Global Agricultural Chain Key Vendors Revenue Share List
Table 2024-2029 Global Agricultural Chain Demand List by Type
Table 2024-2029 Global Agricultural Chain Demand Market Share List by Type
Table 2024-2029 Agricultural Chain Regional Price List
Table IWIS Group Information
Table SWOT Analysis of IWIS Group
Table 2019-2024 IWIS Group Agricultural Chain Sale Volume Price Cost Revenue
Figure 2019-2024 IWIS Group Agricultural Chain Sale Volume and Growth Rate
Figure 2019-2024 IWIS Group Agricultural Chain Market Share
Table DAIDO KOGYO Information
Table SWOT Analysis of DAIDO KOGYO
Table 2019-2024 DAIDO KOGYO Agricultural Chain Sale Volume Price Cost Revenue
Figure 2019-2024 DAIDO KOGYO Agricultural Chain Sale Volume and Growth Rate
Figure 2019-2024 DAIDO KOGYO Agricultural Chain Market Share
Table Tsubaki Group Information
Table SWOT Analysis of Tsubaki Group
Table 2019-2024 Tsubaki Group Agricultural Chain Sale Volume Price Cost Revenue
Figure 2019-2024 Tsubaki Group Agricultural Chain Sale Volume and Growth Rate
Figure 2019-2024 Tsubaki Group Agricultural Chain Market Share
Table KMC Chain Industrial Information
Table SWOT Analysis of KMC Chain Industrial
Table 2019-2024 KMC Chain Industrial Agricultural Chain Sale Volume Price Cost Revenue
Figure 2019-2024 KMC Chain Industrial Agricultural Chain Sale Volume and Growth Rate
Figure 2019-2024 KMC Chain Industrial Agricultural Chain Market Share
Table Qingdao Choho Industrial Information
Table SWOT Analysis of Qingdao Choho Industrial
Table 2019-2024 Qingdao Choho Industrial Agricultural Chain Sale Volume Price Cost Revenue
Figure 2019-2024 Qingdao Choho Industrial Agricultural Chain Sale Volume and Growth Rate
Figure 2019-2024 Qingdao Choho Industrial Agricultural Chain Market Share
Table Donghua Chain Group Information
Table SWOT Analysis of Donghua Chain Group
Table 2019-2024 Donghua Chain Group Agricultural Chain Sale Volume Price Cost Revenue
Figure 2019-2024 Donghua Chain Group Agricultural Chain Sale Volume and Growth Rate
Figure 2019-2024 Donghua Chain Group Agricultural Chain Market Share

Companies Mentioned

  • IWIS Group
  • DAIDO KOGYO
  • Tsubaki Group
  • KMC Chain Industrial
  • Qingdao Choho Industrial
  • Donghua Chain Group

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About the Agricultural Chain Market

The Agricultural Chain market is a complex system of activities, products, and services related to the production, processing, and distribution of agricultural goods. It includes the production of raw materials, such as crops and livestock, as well as the processing of these materials into food products. It also includes the distribution of these products to consumers, as well as the marketing and sale of these products. The Agricultural Chain market is an important part of the global economy, providing essential goods and services to people around the world. The Agricultural Chain market is composed of a variety of stakeholders, including farmers, processors, distributors, retailers, and consumers. Each of these stakeholders plays an important role in the market, and their interactions are essential for the efficient functioning of the market. Some of the major companies in the Agricultural Chain market include Cargill, Archer Daniels Midland, Bunge, Syngenta, Monsanto, and DuPont. These companies are involved in various aspects of the market, from production to distribution. They are also involved in research and development, as well as marketing and sales. Show Less Read more

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