+353-1-416-8900REST OF WORLD
+44-20-3973-8888REST OF WORLD
1-917-300-0470EAST COAST U.S
1-800-526-8630U.S. (TOLL FREE)

Australia Agricultural Equipment Market Outlook to 2026

  • PDF Icon

    Report

  • 77 Pages
  • December 2022
  • Region: Australia
  • Ken Research Private Limited
  • ID: 5819864
The report provides a comprehensive analysis of the potential of Agriculture Equipment in Australia. The report covers an overview and genesis of the industry, market size in terms of total sales value.

Its market segmentations include byType of Equipment, by Mode of Sales, by Type of Purchase, by Automation, by Region, By Application and others; growth enablers and drivers; challenges and bottlenecks; trends driving adoption trends; regulatory framework; end-user analysis, industry analysis, competitive landscape including competition scenario and market shares of major players. The report concludes with future market projections of each market segmentation and analyst recommendations.

Market Overview:

According to publisher estimates, the impact of COVID-19, a shortage of components interfered with the production of many items of machinery but the rental agricultural equipment market became popular during the pandemic. The pre-owned Agri-equipment market has been relatively growing. The Australia Agri-Equipment market is expected to grow at a CAGR of 9.1% during 2021-2026F, driven by technological advancements, government initiatives and the availability of loans.

In future, a lot of technological advancements like Navigation and GPS being installed in tractors are expected to pick up traction. Automation will also reduce the cost of labour, which is currently very high in Australia. Fully automatic machinery sales will go up in the coming years.

Young farmers highly prefer financed purchases. Interest rates being comparatively low in the past few years has been a major factor behind this. In future even if people have the cash to buy equipment, building a long-term business credit will be one major factor behind the growth of financed purchases.

Key Trends by Market Segment:

  • By Automation (Semi-automatic, Manual, Automatic)
The affordability of semi-automatic equipment increases their demand for normal agricultural operations. Even though automatic equipment is more widely used, manual transmission engines are less complicated, lighter and have more gears than automatic transmission engines saving 5-15% on fuel consumption.

  • By Type of Purchase
The interest of farmers to access cheap finance and utilize their tax deduction incentives from the Government has increased the demand for financed purchases. Major financing products for agriculture equipment in Australia are chattel mortgages and finance leases.

Competitive Landscape

Australia Agriculture Equipment market is moderately concentrated with five players capturing ~75% of the market share in 2021. John Deere and CNH Industrial and AGCO collectively dominate the market owing to their increased focus on technology and innovation in the product portfolio. Major Players in the market have an adequate employee base and are involved in both manufacturing and supplying of equipment worldwide.

Future Outlook

Demand for alternative fuel-based tractors rather than conventional diesel-based tractors will drive the market owing to their fluctuating prices. Technological advancements such as GPS technology will improve the working performance of tractors in the future. More farmers will be driven towards technology in the medium term. Online mode of sales will be a major part in the segment owing to the higher penetration of online media in the market. The variety of choices and the transparency of price ranges available to the farmers ensure increasing preference for online sales channels.

 

Additional benefits of purchasing an enterprise license:

  • TAM/SAM/SOM Analysis
  • Customer Cohort Analysis
  • Marketing Initiatives
  • White Space Opportunity Analysis
  • Interactive Data Visualizations
  • Customization: 20 Analyst Hours
  • 3 Months Post Sales Analyst Support
  • Complimentary Update Next Year
  • Custom Webinars

Table of Contents

1. Executive Summary of Australia Agriculture Equipment Market
1.1 Executive Summary (Market Overview, Market Size, Growth Drivers and Restraints, Competition Scenario and Way Forward)
2. Country Overview
2.1 Australia Country Profile (Overview, Major Cities, GDP and Inflation Rate, Percentage of GDP Composition by Sector, Trade Scenario)
2.2 Australia Population Analysis (Population by Gender, by Age Group, by Urban and Rural population, Demographics of Australia)
3. Overview of Australia Agriculture Equipment Market
3.1 Australia Agricultural Sector Overview, 2021
3.2 Growth Drivers of Australia Agriculture Sector
3.3 Diversity of Agriculture across different regions in Australia
3.4 Benefits of Farm Mechanization in Australia in 2021
3.5 Farm predict in Australia Agriculture Market
3.6 Overview and Genesis of Australian Agriculture Equipment Market
3.7 Ecosystem of Australia Agriculture Equipment Market
3.8 Value Chain of Australia Agriculture Equipment Market
3.9 Timeline of Major Players in Australia Agriculture Equipment Market
3.10 Major Agricultural Equipment in Australia in 2021
3.11 Import and Export scenario of Agriculture equipment in Australia, 2017-21
4. Market Size of Australia Agriculture Equipment Market
4.1 Market Size by Sales Value (AUD) and Sales Volume (In Units), 2016-2021
4.2 Market Segmentation of Australia Agriculture Equipment Market
4.3 Market Segmentation by Type on the basis of Value (AUD Mn), 2021
4.4 Market Segmentation by Sales Channel on the basis of Value (AUD), 2021
4.5 Market Segmentation by Automation on the basis of Value (AUD),2021
4.6 Market Segmentation by Mode of Sales on the basis of Value (AUD), 2021
4.7 Market Segmentation by Type of Purchase by End Users on the basis of Value (AUD),2021
4.8 Market Segmentation by Application on the basis of Value (AUD),2021
4.9 Market Segmentation by Region on the basis of Value (AUD),2021
4.10 Market Segmentation by Drive Type on the basis of Value (AUD), 2021
4.11 Market Segmentation by Horsepower on the basis of Value (AUD), 2021
4.12 Market Segmentation by Utility Type on the basis of Value (AUD),2021
5. Industry Analysis of Australia Agriculture Equipment Market
5.1 SWOT Analysis of Australia Agriculture Equipment Market
5.2 Trends and Developments in Australia Agriculture Equipment Market
5.3 Challenges and Restraints in Australia Agriculture Equipment Market
5.4 Government Initiatives in Australia Agriculture Equipment Market
5.5 Tractor and Machinery Association (TMA) of Australia
6. Consumer Analysis of Australia Agriculture Equipment Market
6.1 Decision Making Parameters of the Consumers
6.2 Impact of Emerging Technologies in Agriculture Equipment among consumers in Australia
7. Competitive Analysis of Australia Agriculture Equipment Market
7.1 Competitive Scenario of Australia Agriculture Equipment Market
7.2 Competitive Landscape and Market Positioning of Players in Australia Agriculture Equipment Market, 2021
7.3 Cross comparison of major players in Australia Agriculture Equipment Market
8. Future Outlook of Australia Agriculture Equipment Market, 2022P- 2026F
8.1 Market Size by Sales Value (AUD) and Sales Volume (In Units), 2021-2026F
8.2 Market Segmentation by Type and Sales Channel, 2026F
8.3 Market Segmentation by Type of Purchase, Automation and Mode of Sales, 2026F
8.4 Market Segmentation by Application and Region, 2026F
8.5 Market Segmentation by Horsepower, Drive Type and Utility Type, 2026F
9. Covid Analysis of Australia Agriculture Equipment Market
9.1 Impact of Covid on Australia Agriculture Equipment Market
10. Analyst Recommendations
10.1 Recommendations for online sales of equipment in Australia
10.2 Recommendations on equipment preference
11. Research Methodology
11.1 Market Definitions and Assumptions
11.2 Abbreviations
11.3 Market Sizing Approach
11.4 Consolidated Research Approach
11.5 Sample Size Inclusion
11.6 Limitation and Future Conclusion
  • Disclaimer
  • Contact the Publisher

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • John Deere
  • Kubota
  • CLAAS
  • AGCO
  • CNH Industrial
  • Massey Ferguson
  • CASE Agriculture
  • AGRIFARM
  • Farm Tech
  • DOBMAC
  • GASON
  • VIN ROWE
  • PELLENC