Global Plows Market Trends And Strategies Of Major Players In The Plows Market 2021-2030

The plows market consists of sales of plow machines by entities (organizations, sole traders, or partnerships) that are engaged in manufacturing plow machines which are used to turn and break up the soil, to bury crop residues, and to help control weeds. Only goods and services traded between entities or sold to end consumers are included.

Global Plows Market Size And Drivers:

The global plows market is expected to grow from $0.83 billion in 2020 to $0.92 billion in 2021 at a compound annual growth rate (CAGR) of 10.8%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $1.26 billion in 2025 at a CAGR of 8.2%. The expected rise in population that drives demand for agricultural products contributed to the growth of the plows market.

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Trends In The Global Plows Market

The emerging driverless tractors in the agricultural sector for better plowing and other farming activities is likely to be a trend in the plows market. For instance, John Deere revealed the autonomous concept tractor at a meeting in Spain in 2019. The driverless tractor is a zero-emission tractor and has a power output of approximately 680 horsepower. Similarly, in 2019, Kubota Corp. has started test-marketing of a tractor that can plow both wet and dry fields with the help of satellite location data. Therefore, technological development in tractors will increase the efficiency in farming and decrease the operational cost to the farmers.

Global Plows Market Segments:
The global plow market is further segmented –
By Product Type: Reversible Plow, Disc Plow, Ridge Plow, Chisel Plow, Moldboard Plow
By Application: Large Farm, Private Farm
By Technology: Classic Plows, Modern Plows
By Geography: The global plows market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.

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Plows Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides plows market overviews, analyzes and forecasts market size and growth for the global plows market, plows market share, plows market players, plows market segments and geographies, plows market’s leading competitors’ revenues, profiles and market shares. The plows market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.