Agricultural Motor Market Report: Trends, Forecast and Competitive Analysis to 2030

Agricultural Motor Trends and Forecast

The future of the global agricultural motor market looks promising with opportunities in the crop farming, forestry, animal husbandry, and fishery markets. The global agricultural motor market is expected to grow with a CAGR of 4.8% from 2024 to 2030. The major drivers for this market are rising demand for food among consumers, growing demand for agricultural machinery to improve agricultural productivity, along with the environmental regulations and rising concerns about climate change.

A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.

Agricultural Motor by Segment

The study includes a forecast for the global agricultural motor by type, application, and region.

Agricultural Motor Market by Type [Shipment Analysis by Value from 2018 to 2030]:

• DC Motor
• AC Motor

Agricultural Motor Market by Application [Shipment Analysis by Value from 2018 to 2030]:

• Crop Farming
• Forestry
• Animal Husbandry
• Fishery

Agricultural Motor Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Agricultural Motor Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies agricultural motor companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the agricultural motor companies profiled in this report include-

• Regal Beloit
• ElectroCraft
• Honda Motor Company
• Nidec
• Perkins Engines
• Worldwide Electric
• AGCO
• Cummins
• Yanmar
• AMETEK

Agricultural Motor Market Insights

Lucintel forecasts that DC motor is expected to witness higher growth over the forecast period.

Within this market, crop farming is expected to witness the highest growth.

APAC is expected to witness the highest growth over the forecast period due to rise mechanization of farming practices and growing demand for efficient agricultural machinery in the region.

Features of the Global Agricultural Motor Market

Market Size Estimates: Agricultural motor market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Agricultural motor market size by type, application, and region in terms of value ($B).

Regional Analysis: Agricultural motor market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different type, application, and regions for the agricultural motor market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the agricultural motor market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q1. What is the growth forecast for agricultural motor market?

Answer: The global agricultural motor market is expected to grow with a CAGR of 4.8% from 2024 to 2030.

Q2. What are the major drivers influencing the growth of the agricultural motor market?

Answer: The major drivers for this market are rising demand for food among consumers, growing demand for agricultural machinery to improve agricultural productivity, along with the environmental regulations and rising concerns about climate change.

Q3. What are the major segments for agricultural motor market?

Answer: The future of the global agricultural motor market looks promising with opportunities in the crop farming, forestry, animal husbandry, and fishery markets.

Q4. Who are the key agricultural motor market companies?

Answer: Some of the key agricultural motor companies are as follows:

• Regal Beloit
• ElectroCraft
• Honda Motor Company
• Nidec
• Perkins Engines
• Worldwide Electric
• AGCO
• Cummins
• Yanmar
• AMETEK

Q5. Which agricultural motor market segment will be the largest in future?

Answer: Lucintel forecasts that DC motor is expected to witness higher growth over the forecast period.

Q6. In agricultural motor market, which region is expected to be the largest in next 5 years?

Answer: APAC is expected to witness the highest growth over the forecast period due to rise mechanization of farming practices and growing demand for efficient agricultural machinery in the region.

Q.7 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the agricultural motor market by type (DC motor and AC motor), application (crop farming, forestry, animal husbandry, and fishery), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?