The global agricultural shredder machine market size was US$ 1.5 billion in 2021. The global agricultural shredder machine market size is estimated to reach US$ 2.1 billion by 2030, growing at a compound annual growth rate (CAGR) of 4.2% during the forecast period from 2022 to 2030.
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Agricultural shredders and cutters have a driving machine, bearing structure, rotor, cutting chamber, blade, and shredding chamber. These are climbed on agricultural equipment such as tractors or permanently set to execute agricultural cutting and shearing actions.
Factors Influencing Market Growth
• The increase in awareness of innovative farming procedures drives the overall market growth.
• The increase in the price of raw materials and the unavailability of the trained labor needed to build this equipment are anticipated to hinder the overall market growth.
• Regular horticulture techniques for cutting crops and destroying them are expected to hinder the overall market growth.
Effect of the COVID-19 Pandemic
The COVID-19 outbreak had an adverse impact on the overall market growth. It delayed and stopped the production of several products in the global market, due to strict lockdowns. However, the number of pandemic cases is anticipated to decrease in the future with the launch of the vaccine. This results in the reopening of agricultural shredder machine players at their full-scale abilities. This is expected to support the global market recovery by the end of 2022.
Regional Insights
Asia-Pacific recorded the highest revenue in 2021 due to growth in agriculture activities, an increase in investment, and investments by the government. Also, the prevalence of nations in the region is spending on the agricultural industry for their economic growth. Thus, driving the overall market in the region.
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Leading Competitors
The prominent players in the global agricultural shredder machine market are:
• Diamond Mowers LLC
• Woods Equipment Co.
• Bertolini
• Brown Manufacturing Corporation
• Landoll Company
• Kubota Corporation
• Mahindra & Mahindra Limited
• Bobcat Company
• Deere & Company
• JC Bamford Excavators Limited
• Others
Segmentation Analysis
The global agricultural shredder machine market segmentation focuses on Product Type, Automation Grade, Business Type, and Region.
Segmentation on the basis of Product Type
• Rotary Cutters
• Grooming Mowers
• Flail Mowers and Shredders
Segmentation on the basis of Automation Grade
• Semi-Automatic
• Automatic
Segmentation on the basis of Business Type
• Aftermarket
• Original Equipment Manufacturer
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Segmentation on the basis of Region
• North America
• The U.S.
• Canada
• Mexico
• Europe
• Western Europe
• The UK
• Germany
• France
• Italy
• Spain
• Rest of Western Europe
• Eastern Europe
• Poland
• Russia
• Rest of Eastern Europe
• Asia Pacific
• China
• India
• Japan
• Australia & New Zealand
• ASEAN
• Rest of Asia Pacific
• Middle East & Africa (MEA)
• UAE
• Saudi Arabia
• South Africa
• Rest of MEA
• South America
• Brazil
• Argentina
• Rest of South America
Key questions answered in the global market report are:
— How does a global company acquire markets?
— What are its core strategies and policies?
— What factors will influence the market over the forecast period?
— What are the factors driving and restraining the market?
— What are the leading competitors in the global market?
— Which region is growing at a higher pace in the global market?
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