Global Plough Market Overview:
A plough or plow is a farming tool used in agriculture for primary cultivation of soil in preparation for sowing the seed to loosen the soil. Ploughs were traditionally drawn by working animals such as horses and oxen, but in modern times are mostly drawn by tractors. A plough is made of wood, iron or steel frame with an attached blade or sticks used to cut the soil and loosen it. Based on the product type, the market has been segmented into a traditional plough, modern plough, and specialist plough. Based on application, the market has been classified into farm and individual farming.
Growth Drivers
- The Growing Agriculture Sectors Worldwide
- Increasing Adoption of Innovative Agriculture Equipment’s
- The Rising Agricultural Innovations As Well As Farming Practices
- Favorable Government Guidelines and Policies
Roadblocks
- A High Cost of Product
- Availability of Local Brands
Opportunities
- Emerging Demand from Developing Regions
Competitive Landscape:
Some of the key players profiled in the report are Agri Sav Machine Agricole (Italy), MORO PIETRO MECCANICA S.R.L (Italy), LEMKEN GmbH & Co KG (Germany), DEERE & Company (United States), Kuhn S.A. (France), Shandong Yucheng Ali Disc Harrow Co., Ltd. (China), Yucheng Dadi Macheinry Co., Ltd. (China), AGCO Corp. (United States), Agrimir Agricultural Machinery (Turkey) and Brohawk Exports (Canada). Additionally, following companies can also be profiled that are part of our coverage like Horsch Maschinen Gmbh (Germany) and Harsons Ventures Pvt Ltd. (United States). Analyst at AMA Research see United States, Italian, Chinese Vendors to retain maximum share of Global Plough market by 2026. Considering Market by Material Type, the sub-segment i.e. Wood will boost the Plough market.
What Can be Explored with the Plough Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Plough Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Plough
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Plough market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Plough market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Plough Manufacturers, Plough Sub Component Manufacturers, Plough Traders/Distributors, Plough Importer/Exporter, Government Bodies, Industry Association and Downstream Vendors.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.