Enjoy complimentary customisation on priority with our Enterprise License!
The Planting Equipment Market size is estimated to grow by USD 5,987.71 million from 2022 to 2027 and the market’s growth momentum will accelerate at a CAGR of 6.96%. The growth of the market depends on several factors, including growing government support for agricultural practices globally, population growth and high demand for food products, and growing emphasis on farm mechanization.
This report extensively covers market segmentation by Type (mechanical and automatic), Product (seed drills, planters, and air seeders), and Geography (APAC, North America, Europe, South America, and the Middle East and Africa). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.
To learn more about this report, Download a FREE Report Sample
The report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global Planting Equipment Market Customer Landscape
The innovative features and user interfaces are notably driving the market growth, although factors such as growing demand for the decreasing availability of agricultural land may impede the market growth. the market growth. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
Key Driver
Growing emphasis on farm mechanization is notably driving the planting equipment market. To meet the demand for food products, farm mechanization utilizes a broad range of agricultural and farm equipment, including planting equipment. Optimizing crop and animal yields has become the primary objective for various governments and agricultural companies due to evolving consumer demand. The adoption of various types of agricultural equipment has led to a three to eight-fold increase in major crop yields.
Farm mechanization offers advantages such as achieving timeliness in farm operations, improving the utilization efficiency of costly inputs such as seeds, chemicals, and fertilizers, and enhancing profitability and competitiveness in the cost of operations. These advantages have resulted in the increasing adoption of farm mechanization. Developed countries like the US, Germany, Canada, and France have a farm mechanization rate of around 90%-95%. On the other hand, China, India, and Indonesia have relatively low farm mechanization rates.
Significant Trend
An increasing number of product launches will fuel market growth. In order to increase their market share, vendors in the planting equipment market are placing increasing emphasis on expanding their product portfolio through the introduction of new products. These new product launches can help vendors boost the sales of planting equipment. To attract more consumers, vendors are introducing new versions of machinery with improved features, as well as offering patented features in their planting equipment. Additionally, vendors are catering to the needs of small farm owners by offering lower-capacity models of planting equipment. Consequently, the introduction of new models is expected to drive sales and contribute to the growth of the global planting equipment market during the forecast period.
Major Challenge
The decreasing availability of agricultural land is the major change that will hamper the overall planting equipment market. Planting involves the preparation of soil to create trenches where seeds can be uniformly placed and their depth can be controlled. However, the availability of agricultural land has been declining in recent years due to various factors such as rapid industrialization, urbanization, and the increasing demand for energy. This trend has led to soil erosion and pollution, resulting in a decrease in the quality and productivity of arable land. Each year, around three million hectares of land become unsuitable for agriculture due to soil degradation caused by erosion. This decreasing availability of arable land is likely to reduce agricultural production and limit the use of planting equipment, potentially hindering the growth of the global planting equipment market during the forecast period.
Vendors are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Bucherindustries - Bucher Industries is engaged in the manufacturing and sales of various equipment for winemaking, as well as machinery and technologies used for processing fruit juice, beer, and instant products. They also offer control systems for automation technology and distribute tractors and specialized agricultural machinery.
Bourgault - Bourgault offers the CB LFC Series of fertilizer tank carts and several series of planting equipment, including the 8000, 9000, and 7000 series.
The report also includes detailed analyses of the competitive landscape of the market and information about 15 market vendors, including:
The report offers, clients a deeper understanding of the market and its players through a combined qualitative and quantitative analysis of the vendors. The analysis classifies vendors into categories based on their business approach, including pure-play, category-focused, industry-focused, and diversified. Vendors are specially categorized into dominant, leading, strong, tentative, and weak to understand the dos and don’ts of business which in turn can help a client make the best decision.
The market share growth by the mechanical segment will be significant during the forecast period. The demand for planting equipment is rising every year. Interest schemes that are suitable are being offered by government agencies to farmers to buy agricultural implements. The growth of the market has also been boosted due to contract farming materialization. During the forecast period, the major determinants driving the market growth are estimated to be the rise in the mechanization of agriculture and the increasing incomes of farmers.
Get a glance at the market contribution of various segments Request a PDF Sample
The market growth during the forecast period is also projected to grow due to climatic conditions that are favourable for the production of food as well as support from the government in the form of loans for farmers belonging to all income categories. In addition, the market growth during the forecast period can be accelerated by using advanced technological tools like agricultural robotics, autonomous tractors, as well as drones (UAVs) that are of great help to farmers and will help them meet the huge demand for food.
APAC is projected to contribute 42% by 2027. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
For more insights on the market share of various regions Request PDF Sample now!
The major markets in APAC for planting equipment are China, India, Japan, and Australia. The growth of the planting equipment market in APAC is driven by government initiatives that help farmers practice sustainable agriculture. Various international organizations, as well as the Indian Government, strategize designs to help improve soil health, water management, and irrigation, seed varieties and hybrids, integrated pest management, credit financing, and farm mechanization. Subsidies are also provided to farmers by the governments of many other countries to purchase various types of farm, planting, and agricultural equipment.
The mass vaccinations in 2021 led to a reduction in the number of COVID-19 cases. Agricultural equipment manufacturing has led to a rise in the demand for planting equipment. These factors are anticipated to positively impact the planting equipment market during the forecast period. Also, the vendors are planning to launch new products in the market with different features. Thus, such factors will boost the growth of the regional planting equipment market during the forecast period.
The report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
|
Planting Equipment Market Scope |
|
|
Report Coverage |
Details |
|
Page number |
163 |
|
Base year |
2022 |
|
Historic period |
2017-2021 |
|
Forecast period |
2023-2027 |
|
Growth momentum & CAGR |
Accelerate at a CAGR of 6.96% |
|
Market growth 2023-2027 |
USD 5,987.71 million |
|
Market structure |
Fragmented |
|
YoY growth 2022-2023(%) |
6.5 |
|
Regional analysis |
APAC, North America, Europe, South America, and Middle East and Africa |
|
Performing market contribution |
APAC at 42% |
|
Key countries |
US, China, Australia, France, and Brazil |
|
Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
|
Key companies profiled |
AGCO Corp., Bourgault Industries Ltd., Bucher Industries AG, Buhler Industries Inc., CLAAS KGaA mbH, Clean Seed Capital Group Ltd., CNH Industrial NV, Deere and Co., ISEKI and Co. Ltd., Kasco Manufacturing Inc., Kinze Manufacturing Inc., Kubota Corp., Mahindra and Mahindra Ltd., Morris Industries Ltd., Redlands Ashlyn Motors PLC, SeedMaster, Stara SA Industria De Implementos Agricolas, Vaderstad AB, Yanmar Holdings Co. Ltd., and Greaves Cotton Ltd. |
|
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
|
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Type
7 Market Segmentation by Product
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
Certified ISO 9001 : 2015
We are ISO 9001:2015 recognized that ensures quality services and product delivery to our clients.
We are GDPR and CCPA compliant! Your transaction & personal information is protected from unauthorized use.
Get lifetime access to our
Technavio Insights
Customized Report as per your Business Needs
Let us help you make report more suited to your requirements.
Get the report (PDF) sent to your email within minutes.
