123ArticleOnline Logo
Welcome to 123ArticleOnline.com!
ALL >> Environment >> View Article

Japan Agricultural Machinery Market – Growth, Trends, Covid-19 Impact, And Forecasts (2021 – 2026)

Profile Picture
By Author: Statzy Market Research
Total Articles: 985
Comment this article
Facebook ShareTwitter ShareGoogle+ ShareTwitter Share

The Japanese agriculture machinery market is projected to register a CAGR of 2.2% during the forecast period (2021-2026).The Covid-19 has directly impacted the market due to stringent lockdown regulations that affect the supply chain in the agricultural machinery industry. However, the industry experts believe that post-covid-19, precision agriculture will take an exponential growth in helping the farmers and food industry for higher and sustainable yield. Therefore, this will enhance the demand for agricultural machinery in the coming years.

The agriculture sector contributes only 1.4% to the country's GDP and as low as 12% of the land is suited for agriculture in the country. Being a highly industrialized country, Japan's agriculture equipment industry is also quite developed. However, to fully utilize the limited arable land, the Japanese agriculture equipment market is expected to witness a surge during the forecast period. In order to sustain its population, compiled with a low level of arable land, Japan strives toward utilizing its agricultural land to its fullest.

Key Market Trends

For sample report ...
... please visit : www.statzyreports.com/report/sr496539/japan-agricultural-machinery-market

Need to Increase the Farm Productivity Triggers the Demand

According to the World Bank, total agricultural land in Japan is 12.26 % of the total land in 2016. This land is challenging to meet the food demands of the Japanese population with limited agricultural land. This causes the urgency to increase farm productivity, which can be achieved by farm mechanization. The machines with the latest technology, such as precision agriculture machinery utilize most of the land effectively and aid in increasing production. Machines, such as combine harvesters reduce the grain wastage during harvesting and support in meeting the food demand in the country.

Rise in the Number of Tractors

The tractor is one of the basic farm machinery, which most of farmers use. The tractor sales were recorded as 32,816 in 2018. The majority of tractors sold are mid-sized tractors with 21 – 30 HP capacity. The number of tractors utilized has been increasing significantly since 2016. Lack of labor, increased labor cost, favorable government policies, credit facilities, and the need to increase agricultural productivity are some of the major factors that are causing the rise in tractor sales.

Furthermore, driverless tractors are likely to gain popularity in the coming years, as they augment farming efficiency, as compared to other tractors. The Ministry of Agriculture, Forestry, and Fisheries (Japan) are planning to reduce the production costs of rice through the development of technology like autonomous tractors.

Competitive Landscape

The agriculture machinery market in Japan is fragmented with major players holding a small share. These companies follow strategies such as new product launches and extensive promotions to increase their sales. The Japanese agricultural machinery industry is dominated by domestic players like Mitsubishi Agricultural Machinery Co. Ltd, Yanmar Co. Ltd, Iseki Co. Ltd, and Kubota Corporation.

Reasons to Purchase this report:

– The market estimate (ME) sheet in Excel format
– 3 months of analyst support

For sample report please visit : www.statzyreports.com/report/sr496539/japan-agricultural-machinery-market

Contact Us:
Statzy Market Research
204, 2nd Floor, Gauri Commercial Complex,
Plot No – 19, SECTOR 11,
C B D Belapur, Navi Mumbai, Maharashtra,400614
Email : sales@statzyreports.com
Website : www.statzyreports.com
(IN) – +918484035727
(US) – +1415-871-0483

More About the Author

StatzyReports is the premier global market research and business reports company based in India. StatzyReports.com functions under Statzy Market Research. We offer our expertise globally in services related to market research, business strategy consulting, surveys or questionnaire, forecast and statistical data analysis. Our experience working with major business and customer driven companies enabled us to develop some of the best winning strategies for succeeding in various global markets. Our globally renowned experts mastered the art of perfection with their unique skillset and vast experience in research and data analytics.

Total Views: 66Word Count: 507See All articles From Author

Add Comment

Environment Articles

1. Top 10 Digital Evaluations Trends For 2020
Author: Appdeveloper

2. Dart / Flutter Vs Swift / Native Ios – Which One Is Better?
Author: Appdeveloper

3. The Important Role Of Installing Small Weather Stations In Agriculture
Author: Binda JD

4. Career Options In Environmental Law And Policy
Author: Tribhuvan College

5. What Are The Most Important Mobile Wallet Trends?
Author: sataware

6. Climate Anxiety Can Be Better Dealt With When You Take Proper Action!
Author: Carson Brown

7. Climate Optimist Shows Courageous And Innovative Ways To Deal With Climate Change!
Author: Carson Brown

8. Waste Water Recycling Plants
Author: bala kumar

9. Essay On Pollution / Pollution A Problem For Youth
Author: DM Somnath

10. Top 10 Sports Betting Apps
Author: sataware

11. Great Source Of Nutrition
Author: kirti chandra

12. Best Air Pump For Hydroponics-2021
Author: Lion James

13. Sataware Technologies Announces New Headquarters In The Twin Cities, Appoints Eric J Wenz Sr. Director Of Business Development
Author: Appdeveloper

14. Sataware Has Begun To Map Out A Path For Its Future As A Successful Mobile App Development Company At Goodfirms
Author: Appdeveloper

15. Ranking And Vgc Competitions Will Still Be Held In Pokemon Sword And Shield
Author: Candy

Login To Account
Login Email:
Forgot Password?
New User?
Sign Up Newsletter
Email Address: