There are a number of international brands that produce agricultural equipment, but Australian manufacturers are increasingly carving out a niche for themselves. While the biggest players in the tractor market dominate the Australian market, smaller Australian manufacturers are finding success in other areas of agriculture. Automated feeding systems, for example, are among the most popular equipment purchased by Australian farmers.
Australian agricultural exports are heavily dependent on Asia. The growing demand for high-quality food and Australia's reputation for producing quality produce is helping the sector grow. As the industry grows, new technologies and manufacturing processes will be required to meet the growing demand. These innovations will help farmers boost productivity, lower operating costs, and maximize crop yield.
Agricultural Machinery market
The agricultural machinery market in Australia is expected to grow at a 7.3% CAGR over the next five years. Despite challenges such as increasing seasonality and climate inconsistency, the demand for agricultural machinery is steady and expanding. The country's growing population is also a factor influencing the market for agricultural machinery. Leading agricultural machinery manufacturers have invested heavily in their product lines in order to meet the demand in Australia.
Modern agriculture machinery has greatly improved farming efficiency and productivity. It has transformed farming from an art to a science. With these new tools, farmers can increase their yields without using excessive labor and time. Agricultural machinery has also been instrumental in improving the quality of their products. Modern farm machinery includes a variety of essential equipment like a combine harvester, rotavator, rotary tiller, and plough. Other types of equipment used on farms include a tractor trailer, power harrow, disc harrow, and water bowser.