Planting Equipment Market
Planting Equipment Market - Global Industry Assessment & Forecast
- 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, Latin America
|Forecast Years:||2023 - 2030|
|Historical Years:||2017 - 2021|
|Revenue 2022:||USD 21.22 Billion|
|Revenue 2030:||USD 34.08 Billion|
|Revenue CAGR (2023 - 2030):||6.10%|
|Fastest Growing Region (2023 - 2030)||Asia Pacific|
|Largest Region (2022):||North America|
- Cross-segment Market Size and Analysis for Mentioned Segments
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- Additional Countries (Apart From Mentioned Countries)
- Country/Region-specific Report
- Go To Market Strategy
- Region Specific Market Dynamics
- Region Level Market Share
- Import Export Analysis
- Production Analysis
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Planting Equipment Market: By Type, Design, Crop Type, and Region
Global Planting Equipment Market is valued at USD 21.22 Billion in 2022 and estimated to reach a value of USD 34.08 Billion by 2030 at a CAGR of 6.10% during the forecast period, 2022–2028. The Planting Equipment industry provides machines to assist farmers in seeding and planting crops. Industry products range from no-till drills, planters and transplanters to harvesters and windrows. The market for the industry's products is expected to grow as demand rises for crops such as wheat and corn due to increasing human population, changing tastes by consumers and the development of biofuels.
Planting Equipment Market Size, 2022 To 2030 (USD Billion)
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Increasing Adoption of Advanced Farming Equipment to Save Cost and Time Taken for Planting to Drive Growth of Planting Equipment Market
Planting Equipment especially designed to plant seeds in the soil. This machinery can help people to make their agriculture work done easily and quickly. With each passing years, a greater number of farmers are turning to such equipment to reduce to efforts and improve the output using such machinery. They blend the soil with seeds and fertilizers then water them to make the seeds germinate in quick time. One of the key factors that drive the demand for this machinery is very little time taken to plant large area. For instance, they can be used to plant up to 10 acres land in a single day.
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By Type, Automatic Planting Equipment to Lead Planting Equipment Market
From the past few years, the Global Planting Equipment Market is witnessing rapid growth in the demand for automatic Planting Equipment due to various factors. One of the prominent factors is no need to hire workers. These machines can be used by a farmer without hiring any extra hands. The planting work will be done by the machine itself which reduce the cost of production. In return, it saves money too. In addition to this, no manual force is used that reduces the risk factor too. In addition to this, these machines are efficient enough to get work done in short time frame. In case of large area, it becomes impossible for a human being to do the job manually. To overcome this problem, these machineries have been designed which can cover large area within no time.
North America is the Largest Consumer of Planting Equipment Market
North America is the world's largest consumer of agricultural Planting Equipment, such as plows and planters. With each passing year, the US and Canada is witnessing growing under cultivation area and more large number of farmers in the region are plating into ground using planters and plows made by companies like New Holland, Case IH, John Deere, AGCO Corporation, Hesston Corp., Kubota Corporation etc. It has been observed that most of the farmers in the region prefer using machinery instead of hiring workers to overcome their shortage. It is further supported by greater efficiency and technological advancement.
In the US alone, there are around 3 million farms that contribute to a significant percentage for overall agricultural production in the country. The region has witnessed a rapid increase in productivity over the years due to introduction of technique like precision farming which have significantly increased agricultural output per acreage. Another crucial factor driving sales of agriculture equipment in the region is increasing demand for bio-fuels. The demand for agriculture equipment such as tractors and other machinery used in planting and harvesting operations is set to grow at a considerable pace in the years to come.
Major companies operating in the market include 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.).
Planting Equipment Market is segmented as follows:
|Regions & Countries Covered||
|Report Coverage||Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, technology landscape, patent analysis, market attractiveness analysis by segments and North America, company market share analysis, and COVID-19 impact analysis|
Planting Equipment Market is tabulated as follows:
Frequently Asked Question
What is the global demand for Planting Equipment in terms of revenue?
The global Planting Equipment valued at USD 21.22 Billion in 2022 and is expected to reach USD 34.08 Billion in 2030 growing at a CAGR of 6.10%.
Which are the prominent players in the market?
The prominent players in the 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.)..
At what CAGR is the market projected to grow within the forecast period?
The market is project to grow at a CAGR of 6.10% between 2023 and 2030.
What are the driving factors fueling the growth of the market.
The driving factors of the Planting Equipment include
- Increasing Adoption of Advanced Farming Equipment to Save Cost and Time Taken for Planting
Which region accounted for the largest share in the market?
North America was the leading regional segment of the Planting Equipment in 2022.