Agricultural Shredder Machine Market Research, 2031
The global agricultural shredder machine market size was valued at $1.58 billion in 2021, and is projected to reach $2.38 billion by 2031, growing at a CAGR of 4.2% from 2022 to 2031.
Agricultural shredder and cutters consist of bearing structure, drive machine, cutting chamber, rotor, shredding chamber, and blades. These are mounted to agricultural gears such as tractors, or permanently placed to perform agricultural cutting and shredding activities.
Major factors that drive the development of agriculture shredder machine market are rise in awareness of the innovative farming methods. In addition, the utilization of this machine saves time and helps in difficult work, which thus can be utilized to perform different tasks. In addition, major players such as Deere & Company are focused on developing improved hardware that may be used to increase efficiency to greater levels. Furthermore, the development of arable land has an impact on market growth. In addition, surge in awareness leads to rising adoption of machinery which ensures high productivity gains. Regular horticulture practices for destroying and cutting crops are anticipated to limit the demand for agriculture shredders market. However, the rise in cost of raw materials and the unavailability of the skilled labor required to manufacture this equipment are expected to restrain the agricultural shredder machine market growth.
Major players have adopted various strategies such as product launch and acquisition to sustain the competition and improve the product portfolio. For instance, in May 2022, AGCO Corporation acquired JCA Industries, Inc., a leader in the development of autonomous software for agricultural machines, implement controls, and electronic system components. This acquisition is expected to accelerate AGCO’s delivery of machine automation and autonomous systems that improve farmer productivity.
The agricultural shredder machine market is segmented into Product Type, Automation Grade and Business Type. On the basis of product type, the market is divided into flail mowers & shredders, rotary cutters, and grooming mowers. On the basis of automation grade, the market is divided into automatic and semi-automatic. On the basis of business type, the market is divided into original equipment manufacturing (OEM) and aftermarket. Region-wise, the global market analysis is conducted across North America (the U.S., Canada, and Mexico), Europe (UK, France, Germany, Italy, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and Rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa).
On the basis of product type, the rotary cutters segment generated the highest revenue in 2021, due to advancement in technology related agricultural activities around the world.
On the basis of region, Asia-Pacific registered highest revenue in 2021 owning to rise in investment, increase in agriculture activities, and investments by the government. Furthermore, the majority of countries in the region are spending on agricultural sector for the growth of their economies.
On the basis of business type, the original equipment manufacturing (OEM) segment accounted for the highest share in the global agricultural shredder machine market share in 2021, owing to rise in adoption of technology to increase the efficiency.
The novel coronavirus (COVID-19) rapidly spread across various countries and regions in 2019, causing an enormous impact on lives of people and the overall community. It began as a human health condition and has now become a significant threat to global trade, economy, and finance. The COVID-19 pandemic halted production of many products in agricultural equipment, owing to lockdowns. Furthermore, the number of COVID-19 cases is expected to reduce in the future with the introduction of the vaccine for COVID-19 in the market. This has led to the reopening of agricultural shredder machine industry at their full-scale capacities. This is expected to help the market recover by the mid of 2022. After COVID-19 infection cases begin to decline, equipment & machinery producers must focus on protecting their staff, operations, and supply networks to respond to urgent emergencies and establish new methods of working.
COMPETITION ANALYSIS
The key players that operate in the agricultural shredder machine market are AGCO Corporation Bamford Excavators Limited, Deere & Company, Bobcat Company, Kubota Corporation, Daedong Industrial Co., Ltd, Iseki & Co., Ltd., Changzhou Dongfeng Agricultural Machinery Group Co., Ltd, Mahindra & Mahindra Limited, Brown Manufacturing Corporation, Bertolini, Landoll Company, LLC, BEFCO, Inc, Alamo Group, Woods Equipment Co., Inc., BERI UDYOG PRIVATE LIMITED, and Diamond Mowers, LLC.
KEY BENEFITS FOR STAKEHOLDERS
- The report provides an extensive analysis of the current and emerging global agricultural shredder machine market trends and dynamics.
- In-depth market analysis is conducted by constructing market estimations for key market segments between 2022 and 2031.
- The global agricultural shredder machine market analysis is conducted by following key product positioning and monitoring of top competitors within the market framework.
- A comprehensive analysis of all the regions is provided to determine the prevailing opportunities.
- Agricultural shredder machine market forecast analysis from 2022 to 2031 is included in the report.
- The key players with in agricultural shredder machine market analysis are profiled in this report and their strategies are analysed thoroughly, which help understand the competitive outlook of agricultural shredder machine market opportunity.
Agricultural Shredder Machine Market Report Highlights
| Aspects | Details |
 By Product Type |
|
 By Automation Grade |
|
 By Business Type |
|
 By Region |
|
 Key Market Players | Bobcat Company, AGCO Corp., Bertolini, JC Bamford Excavators Limited, Iseki & Co., Ltd., Daedong Industrial Co., Ltd, Deere & Company, Changzhou Dongfeng Agricultural Machinery Group Co., Ltd, Brown Manufacturing Corporation, Diamond Mowers, LLC, BEFCO, Inc, Woods Equipment Co., Inc., BERI UDYOG PRIVATE LIMITED, Landoll Company, LLC, Mahindra & Mahindra Limited, Alamo Group, Kubota Corporation |
Analyst Review
The agricultural shredder machine market has observed huge demand in North America, Asia-Pacific, and Europe. Asia-Pacific is projected to register significant growth in near future due to rise in urbanization and surge in investment by the government authorities. Moreover, increase in awareness about the importance of technology in agriculture sector is expected to boost the demand for the agriculture shredder machines market. Companies are focused on developing advanced machinery, which can be utilized to increase the productivity. The rotary cutters segment accounted for the majority of the market share in 2021, owing to rise in adoption of technology in the agriculture sector.
Various market players have adopted strategies, such as product launch, business expansion, acquisition, and agreement to expand its business and strengthen its market position. For instance, in July 2021, Beri Udyog launched a new multi-crop harvester with electromagnetically operated valves for high efficiency and easy field operations. This launch is expected to enrich the product portfolio of Beri Udyog Ltd. As a result, such strategic moves are expected to provide lucrative growth opportunities in the global agricultural shredder machine market.
Rise in awareness leads to rising adoption of machinery which ensures high productivity gains are the upcoming trends of Agricultural Shredder Machine Market in the world.
Rotary Cutters is the leading product of Agricultural Shredder Machine Market.
Asia-Pacific is the largest regional market for Agricultural Shredder Machine.
The agricultural shredder machine market was valued at at $1,576.6 million in 2021.
AGCO Corporation Bamford Excavators Limited, Deere & Company, Bobcat Company, Kubota Corporation, Daedong Industrial Co., Ltd, are the top companies to hold the market share in Agricultural Shredder Machine.
The report contains an exclusive company profile section, where leading 10 companies in the market are profiled. These profiles typically cover company overview, geographical presence, market dominance (in terms of revenue and volume sales), various strategies and recent developments.
The top ten market players are selected based on two key attributes - competitive strength and market positioning.
The base year calculated in the global agricultural shredder machine market report is 2021.
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