How increasing labor costs is paving way for the Agricultural Equipment Market to flourish in Australia by 2026?: Ken Research The Australian agricultural equipment market is expected to grow at a steady rate during 2021 and 2026. The agricultural equipment industry in Australia is currently driven by the drastic decline in the population involved in farming and agriculture and increasing labor costs. This has led to an increase in mechanization across the agricultural industry, which… Read More »
Government’s Ag2030 mission aims to generate AUD 100 Bn in agricultural production by 2030 driving huge demand for Agriculture equipment in Australia: Ken Research The Australia Agriculture Equipment market is moderately concentrated with five players capturing ~75% of the market share in 2021. Most manufacturers of agricultural machinery sell their machines through authorized dealerships. Both OEM’s and aftermarket sales go hand-in-hand owing to an increase in demand for original equipment which increases the demand for spare parts. Online Physical-digital… Read More »
Australia Agri-Equipment market is expected to grow at a CAGR of 9.1% during 2021-2026F: Ken Research 1. Farmers prefer agriculture equipment primarily for harvesting and threshing activities owing to their application in the production of high-yielding grain To Know More about this report, download a Free Sample Report The harvest season in Australia is between October and December. Harvesting of field crops is one of the most labour-intensive activities and hence… Read More »
Agriculture remains a vital contributor to Australia’s economy providing majority of the domestic food supply leading to demand for Agri-equipment: Ken Research Focus on Embracing Technological Advancements, Government Initiatives and Entry of Online portals in the market are major factors contributing towards the development of Agriculture equipment Market in Australia. Pandemic-led impact: In 2021, huge demand for grains coupled with high prices, a tax write-off from the Australian government, and low-interest rates created the highest level of… Read More »
Growth in Technological Advances in Agricultural Equipment Expected to Drive Global Agricultural Implement Market: Ken Research Agricultural implements comprise of a wide range of manual & mechanical tools such as cultivators, over plows, threshers, seed drills, axes, chaff cutter machines etc. They aid in reducing labor and improving efficiency of agricultural activities. Agricultural implements include the use of tractors, ploughs, harvesters, and cultivators to assist in a range of agricultural activities.… Read More »
