Market Overview:
The global agricultural motors market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to factors such as the increasing demand for agricultural equipment, rising population and subsequent increase in food demand, and technological advancements in agricultural equipment. The global agricultural motors market is segmented on the basis of type into DC motor and AC motor. The DC motor segment is expected to hold a larger share of the market during the forecast period owing to its advantages such as low cost, high efficiency, and easy maintenance. However, AC motors are gaining popularity due to their higher power density and ability to operate at variable speeds.
Product Definition:
An agricultural motor is a type of electric motor that is used to power agricultural equipment. Agricultural motors are important because they allow farmers to operate large pieces of farming equipment, such as tractors and harvesters, without having to rely on gasoline or diesel engines.
DC Motor:
DC motor is a type of electric motor which produces very low speed and high torque output. DC motors are widely used in various agricultural equipment such as tractors, harvesters, and other mechanical farming tools. The growth factor for the market is driven by growing mechanization across the globe coupled with increasing demand for power-driven tools in agriculture sector.
AC Motor:
An AC motor is a type of electric motor which uses the principle of alternate current to provide mechanical drive. The main characteristic of this type of motors is that they operate at low speeds (generally less than 1000 rpm) and have high torque characteristics, which enables them to be used in applications where high power is required with small size and weight.
Application Insights:
The crop farming application segment accounted for the largest market share in 2017 and is projected to expand at a CAGR of XX% over the forecast period. The growth can be attributed to increasing demand for agricultural motors from countries such as India, China, Vietnam and South Korea among others due to rising disposable income levels coupled with an increase in population dependent on agriculture as their primary occupation.
Cereal crops require minimal care and attention once they are grown up; this has led farmers around the world to adopt a more efficient method of farming which involves using machinery such as tractors that have been designed specifically for cultivation work. Tractors provide higher power-to-weight ratio which makes it ideal for heavy soil conditions where horsepower is required at lower speeds compared to other machinery alternatives such as harvesters or mowers that are used on lighter soils requiring less power handling capability.
Regional Analysis:
Asia Pacific dominated the global market in terms of revenue with a share of over 60% in 2017. The region is expected to witness significant growth over the forecast period owing to increasing demand for agricultural motors from developing countries such as China and India. Factors such as rising population, rapid urbanization, growing income levels and changing food habits are expected to drive product demand across this region.
The European market is anticipated to grow at a CAGR of XX% from 2018 to 2030 due its well-established agriculture sector coupled with favorable government policies aimed at promoting investments for modern farming equipment adoption across the region.
North America held a substantial share in terms of volume owing to high production volumes attained by manufacturers operating within U S & Canada regions especially by companies like Deere & Company.
Growth Factors:
- Increasing demand for agricultural equipment from developing countries owing to the rise in population and the subsequent increase in food demand.
- Growing awareness about the benefits of mechanization among farmers, which is expected to boost the adoption of agricultural motors across various regions.
- Technological advancements in agricultural motors that are helping improve their efficiency and performance, thereby driving market growth.
- Rising investments by manufacturers in research and development activities to develop new products and technologies for Agricultural Motors market is another key factor fuelling market growth.
Scope Of The Report
Report Attributes
Report Details
Report Title
Agricultural Motors Market Research Report
By Type
DC Motor, AC Motor
By Application
Crop Farming, Forestry, Animal Husbandry, Fishery
By Companies
Regal Beloit, ElectroCraft, Honda Motor Company, Nidec, Perkins Engines, WorldWide Electric, AGCO, Cummins, Yanmar, AMETEK, Regal Beloit, WEG, Zapi, Movimotor S.r.l.
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
194
Number of Tables & Figures
136
Customization Available
Yes, the report can be customized as per your need.
Global Agricultural Motors Market Report Segments:
The global Agricultural Motors market is segmented on the basis of:
Types
DC Motor, AC Motor
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Crop Farming, Forestry, Animal Husbandry, Fishery
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Regal Beloit
- ElectroCraft
- Honda Motor Company
- Nidec
- Perkins Engines
- WorldWide Electric
- AGCO
- Cummins
- Yanmar
- AMETEK
- Regal Beloit
- WEG
- Zapi
- Movimotor S.r.l.
Highlights of The Agricultural Motors Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- DC Motor
- AC Motor
- By Application:
- Crop Farming
- Forestry
- Animal Husbandry
- Fishery
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Agricultural Motors Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Agricultural Motors is a company that manufactures agricultural equipment.
Some of the key players operating in the agricultural motors market are Regal Beloit, ElectroCraft, Honda Motor Company, Nidec, Perkins Engines, WorldWide Electric, AGCO, Cummins, Yanmar, AMETEK, Regal Beloit, WEG, Zapi, Movimotor S.r.l..
The agricultural motors market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Agricultural Motors Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Agricultural Motors Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Agricultural Motors Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Agricultural Motors Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Agricultural Motors Market Size & Forecast, 2018-2028
4.5.1 Agricultural Motors Market Size and Y-o-Y Growth
4.5.2 Agricultural Motors Market Absolute $ Opportunity
Chapter 5 Global Agricultural Motors Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Agricultural Motors Market Size Forecast by Type
5.2.1 DC Motor
5.2.2 AC Motor
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Agricultural Motors Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Agricultural Motors Market Size Forecast by Applications
6.2.1 Crop Farming
6.2.2 Forestry
6.2.3 Animal Husbandry
6.2.4 Fishery
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Agricultural Motors Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Agricultural Motors Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Agricultural Motors Analysis and Forecast
9.1 Introduction
9.2 North America Agricultural Motors Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Agricultural Motors Market Size Forecast by Type
9.6.1 DC Motor
9.6.2 AC Motor
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Agricultural Motors Market Size Forecast by Applications
9.10.1 Crop Farming
9.10.2 Forestry
9.10.3 Animal Husbandry
9.10.4 Fishery
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Agricultural Motors Analysis and Forecast
10.1 Introduction
10.2 Europe Agricultural Motors Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Agricultural Motors Market Size Forecast by Type
10.6.1 DC Motor
10.6.2 AC Motor
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Agricultural Motors Market Size Forecast by Applications
10.10.1 Crop Farming
10.10.2 Forestry
10.10.3 Animal Husbandry
10.10.4 Fishery
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Agricultural Motors Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Agricultural Motors Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Agricultural Motors Market Size Forecast by Type
11.6.1 DC Motor
11.6.2 AC Motor
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Agricultural Motors Market Size Forecast by Applications
11.10.1 Crop Farming
11.10.2 Forestry
11.10.3 Animal Husbandry
11.10.4 Fishery
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Agricultural Motors Analysis and Forecast
12.1 Introduction
12.2 Latin America Agricultural Motors Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Agricultural Motors Market Size Forecast by Type
12.6.1 DC Motor
12.6.2 AC Motor
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Agricultural Motors Market Size Forecast by Applications
12.10.1 Crop Farming
12.10.2 Forestry
12.10.3 Animal Husbandry
12.10.4 Fishery
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Agricultural Motors Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Agricultural Motors Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Agricultural Motors Market Size Forecast by Type
13.6.1 DC Motor
13.6.2 AC Motor
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Agricultural Motors Market Size Forecast by Applications
13.10.1 Crop Farming
13.10.2 Forestry
13.10.3 Animal Husbandry
13.10.4 Fishery
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Agricultural Motors Market: Competitive Dashboard
14.2 Global Agricultural Motors Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Regal Beloit
14.3.2 ElectroCraft
14.3.3 Honda Motor Company
14.3.4 Nidec
14.3.5 Perkins Engines
14.3.6 WorldWide Electric
14.3.7 AGCO
14.3.8 Cummins
14.3.9 Yanmar
14.3.10 AMETEK
14.3.11 Regal Beloit
14.3.12 WEG
14.3.13 Zapi
14.3.14 Movimotor S.r.l.
