Planting Equipment Market to Witness Tremendous Growth with the Evolving Agriculture Sector
The Planting Equipment Market is estimated at USD 20.20 Billion and is expected to reach USD 30.98 Billion in the 6.3% at the time of forecasting. Planting Equipment is part of farm machinery and agricultural machinery. Planting Equipments are farm equipment used to sow seeds in agricultural fields. The growth of automation and ease of use is expected to further the investment equipment market.
The growth of the agricultural sector will increase the demand for Planting Equipment around the world. Planting Equipment has replaced the traditional sowing method. Achieving uniformity in dispersing seeds by hand sowing is difficult. Planting Equipment provides similarity in less time. The manual labor required for planting also increases the cost to farmers. The use of Planting Equipment has made the job easier and more efficient. Automation has increased productivity and efficiency in the agricultural sector. Better efficiency, easier processing, and increased productivity are major factors that are expected to advance the global investment machinery market. On the other hand, factors such as the small shortage of large farms in order to obtain a large new product are limiting the market growth. The limited availability of integrated cropping areas, which are required for contract farming, is estimated to increase slightly during the forecast period. In addition, the lack of awareness among farmers in the emerging economy, as well as small and diversified areas, especially in developing countries, are barriers that could hamper the global market growth. However, the growth of precise farming, the introduction of precision machinery with advanced features such as automatic inflation control systems, the increase in grants, and the unused capacity of emerging markets provide excellent opportunities for growth.
Based on type, the Planting Equipment Market is divided into planters, air seeders, seed drill, and others. The seed section is predicted to hold the largest market share during the forecast period. Seed piercing is inexpensive and has low maintenance costs. They are very reliable on small and medium-sized farms. On the basis of the regional analysis, the global Planting Equipment Market is divided into North America, Europe, Asia Pacific, Latin America, Middle East & Africa. North America has the largest market share out of all. Increased adoption of Planting Equipment due to growing concerns about better research facilities and the development of farming methods are behind such growth. In addition, the proliferation of mechanized farming methods leads to foreign direct investment (FDI) principles in agriculture, strong government efforts, and ongoing projects that will improve the market in the European region.
Some players in the global Planting Equipment Market are AGCO Corporation (U.S.), Deere & Company (U.S.), Kinze Manufacturing, Inc. (U.S.), Buhler Industries, Inc. (Canada), Bourgault Industries Ltd. (Canada), Case IH Agricultural Equipment, Inc. (U.S.), SeedMaster Manufacturing Ltd. (Canada), Seed Hawk Inc. (Canada), Stara S/A Indústria de Implementos Agrícolas’ (Brazil), Morris Industries Ltd. (Canada), Davimac Pty. Ltd. (Australia), and Kasco Manufacturing Co., Inc. (U.S.).. These companies are involved in integration and acquisition, innovation and development, and partnerships to improve their market dominance. In addition, many companies have invested in increasing their production capacity to improve their position and regional presence.
Browse the full Report - Planting Equipment Market by Type (Air seeders, Seed drills, Planters, Others), by Design (Mechanical, Automatic), by Crop Type (Cereals & grains, Oilseeds & pulses, Fruits & vegetables, Others (turf and turf grass)), by Region (North America, Europe, Asia Pacific, Middle East & Africa) - Global Industry Assessment (2016 - 2021) & Forecast (2022 - 2028)