What Fueled Plows Market?
The plows market has seen considerable growth due to a variety of factors.
• Recently, there has been substantial growth in the market size of plows. The projected growth indicates a climb from $1.05 billion in 2024 to $1.12 billion in 2025, highlighting a compound annual growth rate (CAGR) of 7.4%.
Factors like the expansion and mechanization of agriculture, increased population and subsequent food demand, a shift to commercial farming, government backing, and agricultural guideline, alongside weather and seasonal fluctuations account for the observed historical growth.
What are the Market Size and Expected Growth Rates for the Plows Market?
The plows market is expected to maintain its strong growth trajectory in upcoming years.
• In the coming years, a considerable surge is anticipated in the size of the plow market. With a compound annual growth rate (CAGR) of 5.9%, it is estimated to reach a market value of $1.41 billion by 2029. Factors such as the rising adoption of precision agriculture methods, sustainable agriculture, conservation farming, increased farm mechanization in burgeoning markets, a strong emphasis on soil wellness and crop yields, as well as adapting to climate change contribute to growth during the forecast period. The upcoming trends spanning the forecast period include the use of advanced materials, remote monitoring and control capabilities, heightened connectivity, precision technology for snow removal, and subscription-based business models.
What Are The Key Drivers Fueling Growth In The Plows Market?
Projected population growth which is anticipated to heighten the need for agricultural goods, is playing a role in the expansion of the plows market. The United Nations Organization estimates a global population of 9.7 billion by 2050, up from 7.7 billion in 2020. As the population increases, so does food consumption, thereby elevating the demand for the agricultural sector and related products like plows. The plows market is expected to experience growth due to this surge in population over the next three decades.
What Are The Key Segments Within The Global Plows Market?
The plows market covered in this report is segmented –
1) By Product Type: Reversible Plow, Disc Plow, Ridge Plow, Chisel Plow, Moldboard Plow
2) By Technology: Classic Plows, Modern Plows
3) By Application: Large Farm, Private Farm
Subsegments:
1) By Reversible Plow: Two-Way Reversible Plow, Three-Way Reversible Plow
2) By Disc Plow: Single Disc Plow, Double Disc Plow
3) By Ridge Plow: Single Ridge Plow, Multi-Ridge Plow
4) By Chisel Plow: Rigid Chisel Plow, Flexible Chisel Plow
5) By Moldboard Plow: Single Moldboard Plow, Multiple Moldboard Plow
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How Are New Trends Impacting The Size Of The Plows
Prominent companies in the plow industry are directing their efforts towards creating snow plows that use superior TRACE cutting-edge technology to augment performance, bolster durability, and enhance efficiency in snow clearance tasks, thus ensuring better service during severe winter conditions. TRACE leading-edge technology relates to sophisticated design and engineering characteristics that amplify the performance and effectiveness of snow plows. This technology bolsters the plow's capacity to negotiate diverse snow conditions, guaranteeing efficient and consistent snow clearance. For example, in August 2024, SnowEx LLC, a US-based firm, introduced its POWER PUSHER™ PRO Hydraulic-Winged Pusher Plow, incorporating TRACE™ state-of-the-art technology with standalone 2-foot sections that can elevate, swing, and trip to accommodate different surfaces and obstacles. The plow comes with hydraulically operated wings that can broaden the plow's span by 6 feet when completely expanded, providing versatility in snow clearance operations. It is engineered to be compatible with a range of equipment including skid-steers, wheel loaders, tractors, and backhoe loaders via a universal carrier attachment system.
Who Are the Key Players in the Plows Market?
Major companies operating in the plows market include:
• CNH Industrial India Pvt. Ltd.
• AGCO Corporation
• Deere & Company
• BEDNAR FMT s.r.o.
• UNIVERSAL TRUCK EQUIPMENT INC.
• ISEKI & CO. LTD.
• KUHN SAS
• Douglas Dynamics LLC
• BOSS Snowplow
• Amazonen-Werke G. Dreyer Maschinenfabrik GmbH
• Woods Equipment Company
• Western Products LLC
• Meyer Products LLC
• Fisher Engineering
• Kongskilde Industries A/S
• Monashee Manufacturing Corp.
• PJB Industries Inc.
• Bomet Sp. z o.o. Sp.K
• Baldan Machinery
• AGRO-MASZ Agriculture sp. z o.o.
• Aratri EMMEGIEMME Srl
• Ünlü Ziraat Aletleri A.S
• FALC S.p.A.
• BLIZZARD Snow Plow
• Ebling Manufacturing Inc.
• Sno-Gate
• KAGE Manufacturing LLC
• Kubota Corporation
• Mahindra & Mahindra Ltd.
What are the Regional Insights into the Plows Market?
Asia-Pacific was the largest region in the plows market in 2024. North America was the second largest region in the global plows market share. The regions covered in the plows market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
