Japan Agricultural Machinery Market Overview
According to SPER Market Research, the Japan Agricultural Machinery Market is estimated to reach USD XX billion by 2032 with a CAGR of XX%.
During the forecast period, the market for agricultural machinery in Japan is anticipated to grow. Small-scale farming on terraces gives Japan's agricultural output one of the highest crop yields per unit area in the world. Nonetheless, the nation's agricultural self-sufficiency rate only accounts for around half of its total need, with imports covering the balance. Increasing production is necessary to achieve self-sufficiency. The government favors small-scale farming over large-scale agriculture in Japan, and the country's agricultural sector is extensively protected and encouraged, which helps the market for agricultural equipment flourish.
In addition, Japan is acknowledged as having the highest level of agricultural mechanization in the Asia-Pacific region. Japan is a highly industrialized nation with a fully developed market for agricultural equipment. Nonetheless, the Japanese agriculture equipment market is anticipated to soar during the projected period in order to completely utilize the limited arable land and boost productivity. Japan seeks to make the most of its agricultural land in order to support its people, along with a limited amount of arable land. Farm gear helps the country's farmers enhance production despite their limited resources. A growing amount of farmland that has been abandoned has also presented difficulties for Japan in recent years. Japan's farming population is also rapidly aging, making it challenging for the country to find successors to perform agricultural tasks in the future. To replace farm labour, mechanization of agriculture became crucial for Japan. Furthermore, achieving self-sufficiency benefits from agricultural machinery that minimizes waste. For instance, equipment like combine harvesters helps to meet the nation's food needs by reducing grain waste during harvest. As a result, the increased utilization encourages greater output, which lowers crop wastage.
One of the main pieces of farm equipment that most farmers employ is the tractor. In Japan, the use of tractors is growing relative to other agricultural equipment. Due to the ongoing pandemic circumstances, production and sales somewhat declined in. The demand for tractors is increasing for a number of reasons, including the need to boost agricultural production, a lack of workers, rising labour prices, favourable government policies, credit availability, and financing facilities. Also, rice is the most significant crop in Japan. Due to the fact that tractors are used to drive the majority of the basic cultivation activities for rice, it is the most mechanized crop in the nation. Furthermore, because they increase farming efficiency in comparison to conventional tractors, autonomous tractors will probably become more popular in the years to come. The Japanese Ministry of Agriculture, Forestry, and Fisheries intends to lower the price of producing rice by creating tools like autonomous tractors. Government support encourages the use of autonomous tractors, increasing sales of the tractor during the anticipated period.
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Impact of COVID-19 on the Japan Agricultural Machinery Market
The COVID-19 pandemic had a direct impact on the market because of the strict lockdown requirements that had an impact on the supply chain in the farm machinery industry. Yet, according to industry analysts, precision agriculture may experience an exponential expansion after COVID-19, allowing farmers and the food business achieve greater and more sustainable yields. As a result, in the upcoming years, this is probably going to increase demand for agricultural gear.
Scope of the report:
| Report Metric | Details |
| Market size available for years | 2019-2032 |
| Base year considered | 2021 |
| Forecast period | 2022-2032 |
| Segments covered | By Product Type
|
| Regions covered | Chubu, Chugoku, Hokkaido, Kyushu, Shikoku, Tohoku
|
| Companies Covered | Deere & Company, Iseki & Co. Ltd, Kubota Corporation, Mitsubishi Mahindra Agricultural Machinery Co. Ltd, Yanmar Co. Ltd
|
Target Audience-
- Agricultural Equipment Associations
- Agricultural Equipment Companies
- Agricultural Equipment Distributors
- Agricultural Equipment Financing Companies
- Agricultural Equipment Manufacturers
- Government Bodies
- Investors & Venture Capital Firms
- New Market Entrants- Domestic OEMs
- New Market Entrants- Foreign OEMs
Japan Agricultural Machinery Market Segmentation:
1. By Product Type:
- Harvesting Machinery
- Haying Machinery
- Irrigation Machinery
- Planting Machinery
- Ploughing and Cultivating Machinery
- Tractors
2. By Region:
- Chubu
- Chugoku
- Hokkaido
- Kyushu
- Shikoku
- Tohoku
Key Topics Covered in the Report:
- Size of Japan Agricultural Machinery Market (FY’2019-FY’2032)
- Overview of Japan Agricultural Machinery Market
- Segmentation of Japan Agricultural Machinery Market By Product Type (Harvesting Machinery, Haying Machinery, Irrigation Machinery, Planting Machinery, Ploughing and Cultivating Machinery, Tractors)
- Statistical Snap of Japan Agricultural Machinery Market
- Japan Agricultural Machinery Market Growth Analysis
- Problems and Challenges in Japan Agricultural Machinery Market
- Japan Agricultural Machinery Market Competitive Landscape
- Impact of COVID-19 and Demonetization on Japan Agricultural Machinery Market
- Details on Recent Investment in Japan Agricultural Machinery Market
- Competitive Analysis of Japan Agricultural Machinery Market
- Major Players in the Japan Agricultural Machinery Market
- SWOT Analysis of Japan Agricultural Machinery Market
- Japan Agricultural Machinery Market Future Outlook and Projections (FY’2019-FY’2032)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1 Research data source
2.1.1 Secondary data
2.1.2 Primary data
2.1.3 SPER’s internal database
2.1.4 Premium insight from KOL’s
2.2 Market size estimation
2.2.1 Top-down and Bottom-up approach
2.3 Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1 Drivers
4.1.2 Restraints
4.1.3 Opportunities
4.1.4 Challenges
4.2. COVID-19 Impacts of the Japan Agricultural Machinery Market
5. Market variables and outlook
5.1. SWOT analysis
5.1.1 Strengths
5.1.2 Weaknesses
5.1.3 Opportunities
5.1.4 Threats
5.2. PESTEL analysis
5.2.1 Political landscape
5.2.2 Economic landscape
5.2.3 Social landscape
5.2.4 Technological landscape
5.2.5 Environmental landscape
5.2.6 Legal landscape
5.3. PORTER’S five forces analysis
5.3.1 Bargaining power of suppliers
5.3.2 Bargaining power of Buyers
5.3.3 Threat of Substitute
5.3.4 Threat of new entrant
5.3.5 Competitive rivalry
5.4. Heat map analysis
6. Competitive Landscape
6.1 Japan Agricultural Machinery Manufacturing Base Distribution, Sales Area, Product Type
6.2 Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Japan Agricultural Machinery Market
7. Japan Agricultural Machinery Market, By Product Type, 2019-2032 (USD Million)
7.1 Harvesting Machinery
7.1.1 Balers
7.1.2 Mowers
7.1.3 Other Harvesting Machinery
7.2 Haying Machinery
7.3 Irrigation Machinery
7.4 Planting Machinery
7.4.1 Planters
7.4.2 Seed Drills
7.4.3 Spreaders
7.4.4 Other Planting Machinery
7.5 Ploughing and Cultivating Machinery
7.5.1 Cultivators and Tillers
7.5.2 Harrows
7.5.3 Ploughs
7.5.4 Other Ploughing and Cultivating Machinery
7.6 Tractors
7.6.1 Compact Utility Tractor
7.6.2 Row Crop Tractor
7.6.3 Utility Tractor
7.6.4 Other Tractor
8. Japan Agricultural Machinery Market, By Region, 2019-2032 (USD Million)
8.1 Japan Agricultural Machinery Size and Market Share by Region (2019-2025)
8.2 Japan Agricultural Machinery Size and Market Share by Region (2026-2032)
8.3 Chubu
8.4 Chugoku
8.5 Hokkaido
8.6 Kyushu
8.7 Shikoku
8.8 Tohoku
9. Company Profiles
9.1 Deere & Company
9.1.1 Company details
9.1.2 Financial outlook
9.1.3 Product summary
9.1.4 Recent developments
9.2 Iseki & Co. Ltd
9.2.1 Company details
9.2.2 Financial outlook
9.2.3 Product summary
9.2.4 Recent developments
9.3 Kubota Corporation
9.3.1 Company details
9.3.2 Financial outlook
9.3.3 Product summary
9.3.4 Recent developments
9.4 Mitsubishi Mahindra Agricultural Machinery Co. Ltd
9.4.1 Company details
9.4.2 Financial outlook
9.4.3 Product summary
9.4.4 Recent developments
9.5 Yanmar Co. Ltd
9.5.1 Company details
9.5.2 Financial outlook
9.5.3 Product summary
9.5.4 Recent developments
10. List of Abbreviations
11. Reference Links
12. Conclusion
13. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
