Global Planting Equipment Market is anticipated to reach US$XX billion by 2027 from US$XX in 2019, with the CAGR of XX% during the forecast period.
Planting equipment is used to sow seeds in the land fields. Planting equipment is already penetrated in Europe, Russia, and North America and have occupied a good position in agriculture market. Having said this, the markets in ASIAN countries are yet to be maturated for planting equipment thanks to less per capita landholding in India, China, and ASEAN countries. The market in Asian countries has started picking up recently and it is expected that growth of about xx$ for planting equipment is expected from the APAC region.
Planting equipment comprises several components, which make proper utilization of land for efficient farming. The global planting equipment market is likely to meet lucrative opportunities in the coming years owing to the increasing demand for hi-tech and automated planting equipment for better farming.
The growing use of automated equipment over traditional equipment in farming and shortage of labor are the main factors influencing planting equipment market growth. Moreover, reducing cultivable land for agriculture leads to utilizing the available land for better yield, thus creating the demand for mechanized equipment for farming. Uniform distribution of seeds with manual sowing technique is difficult, whereas planting equipment offers uniformity. Additionally, manual labor required for planting increases the expenses which can be made simpler and easier with the use of planting equipment. Thus, the advantages like better efficiency increased productivity, and easy processing over traditional methods are also driving the growth of the global planting equipment market.
Manufacturers are focusing on R&D activities to improve machine functioning. Product innovation is expected to create lucrative opportunities for the global planting equipment market growth during the forecast period.
On the other hand, less availability of bigger farmlands in the densely populated countries like India and China is restricting the market growth. Additionally, less availability of consolidated agricultural lands required for contract farming restricts the usage of air seeders which generally requires large agricultural lands for planting, thus, limiting the planting equipment market growth.
Similarly, Global Planting Equipment Market drivers and restraints are covered in the MMR report by region since each region has different market dynamics. Demand drivers and restraints are covered in a separate chapter by keeping the user’s convenience in mind. Drivers are divided into demand-side drivers and supply-side.
Global Planting Equipment Market
On the basis of equipment type, the planting equipment market is classified into air seeders, seed drills, planters, and others. The seed drills segment accounted for the largest market share of US$ XX Mn in 2019 owing to the low cost and maintenance as compared to other types of seeders. Moreover, seed drills are compatible with both small and medium-sized farmlands owing to which they are preferred by the farmers. By functioning, the automated segment generated the largest revenue due to the affordability and high efficiency of the equipment. Rising awareness towards smart farming with the advancements in farming is supporting the growth of the automated segment. The cereals & grains segment is expected to show the fastest growth witnessing the CAGR of XX%. Advanced cultivation practices implemented by cereal growers and the increased demand for cereals across the globe due to the trend of a healthy lifestyle are anticipated to support the growth of the cereals & grains segment.
Global Planting Equipment Market 1
North America is expected to account for the largest market share of xx% during the forecast period.
Europe region accounted for the largest market share of XX% in 2019. Growth is due to the high adoption of automated farming practices and the presence of prominent players in the region. Asia Pacific is likely to grow with the fastest CAGR of XX% during the forecast period owing to the adoption of advanced panting equipment to achieve the optimum yield for the rapidly growing population in the region. North America is anticipated to show steady growth during the forecast period.
Scope of Global Planting Equipment Market
Global Planting Equipment Market Segmentation by Equipment Type
• Air seeders
• Seed drills
Global Planting Equipment Market Segmentation by Functioning
Global Planting Equipment Market Segmentation by Crop Type
• Cereals & grains
• Oilseeds & pulses
• Fruits & vegetables
Global Planting Equipment Market Segmentation by Distribution Channel
• Direct Sales
• Third-party Sales
Global Planting Equipment Market Segmentation by Region
• North America
• South America
• Middle East & Africa
Global Planting Equipment Market Major Players
• Deere & Company
• AGCO Corporation
• Buhler Industries, Inc.
• Kinze Manufacturing, Inc.
• Case IH Agricultural Equipment, Inc.
• Bourgault Industries Ltd.
• Seed Hawk Inc.
• SeedMaster Manufacturing Ltd.
• Morris Industries Ltd.
• Stara S/A Indústria de Implementos Agrícolas’
• Kasco Manufacturing Co., Inc.
• Davimac Pty. Ltd.
• Bracke Forest AB
• CLAAS KGaA mbH
• Kubota Agricultural Machinery India Pvt. Ltd.
• Mahindra & Mahindra Ltd
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