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The planting equipment market size is forecast to increase by USD 6.62 billion and is estimated to grow at a CAGR of 7.19% between 2023 and 2028. The market's growth rate is influenced by several factors, including increasing government support for agricultural practices worldwide. Population growth and the resulting high demand for food products also play a significant role. Additionally, there is a growing emphasis on farm mechanization to improve efficiency and productivity. These elements collectively drive the market forward, ensuring that agricultural practices evolve to meet the rising global food demand and support sustainable farming methods through enhanced mechanization. Our report examines historical data from 2018 - 2022, besides analyzing the current and forecasted market scenario.
The growth of the market in APAC is fuelled by the presence of government initiatives that support sustainable agricultural practices. Bourgault Industries Ltd. offers a series of air seeders such as the Bourgault 7000 Series and Bourgault 6000 Series. Clean Seed Capital Group Ltd. offers technology development services and products for the agriculture sector. In addition, the company offers technologies such as SeedSync MAX which is an operations digital dashboard that helps control the seeding operation of SMART Seeder MAX.
Market Forecast 2024-2028
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The Market encompasses a wide range of machinery and tools essential for the agriculture industry's sowing and planting processes. Modern farm machinery, including seed drillers and seed metres, plays a significant role in enhancing farming efficiency and productivity. Equipment for planting, such as fluted rollers and furrow openers, facilitates the creation of designated rows for seeds, ensuring optimal spacing and germination. The planting techniques employed in the farming industry have evolved over time, with conventional sowing techniques giving way to more advanced methods. Machining centres and sowing and planting machinery have revolutionized the seeding process, reducing the reliance on physical labour and agricultural services. The market for planting equipment continues to grow, driven by the agricultural industry's increasing demand for cutting-edge tools and techniques to streamline farming tasks. Farm machinery, seeds, and fields remain the primary focus of innovation in this sector, with ongoing research and development aimed at improving the efficiency and sustainability of planting processes. Our researchers studied the market research and growth data for years, with 2023 as the base year and 2024 as the estimated year, and presented the key drivers, trends, and challenges for the market.
In the agriculture industry, the implementation of modern farm machinery, specifically planting equipment, plays a significant role in enhancing productivity and efficiency. Planting equipment, including seed drills, seed meters, fluted rollers, furrow openers, and air seeders, facilitates various planting techniques, such as conventional sowing and precision farming. These cutting-edge planting tools enable uniform seed distribution, improved machine performance, and mechanical mechanics that cater to different agricultural and horticultural contexts.
Moreover, the Market encompasses a wide range of machinery designed for sowing seeds in designated rows. Machines like seed drills and planters are essential for mechanized farming equipment, replacing traditional manual sowing techniques. The use of planting equipment not only ensures uniformity in seed distribution but also enhances machine performance, leading to increased productivity on cultivable land. Hence, such factors are driving the market growth during the forecast period.
In the agriculture industry, the demand for advanced planting equipment continues to escalate, driving growth in the Market. Modern farm machinery, including seed drillers, seed meters, fluted rollers, furrow openers, and air seeders, are essential for optimizing planting techniques and ensuring uniform seed distribution in designated rows. These cutting-edge planting tools facilitate improved efficiency and machine performance, enabling farmers to maximize their cultivable land and increase productivity.
Moreover, the field of crops encompasses a wide range of agricultural and horticultural contexts, necessitating various planting machinery options. Conventional sowing techniques, such as hand sowing, have given way to mechanized farming equipment, which offers significant advantages in terms of precision farming and cutting-edge features. Machines like seed drills, planters, and machining centers are integral to modern farming practices, streamlining farming tasks and enhancing machine performance. Hence, such factors are driving the market growth during the forecast period.
In the agriculture industry, planting equipment plays a crucial role in modern farm machinery and planting techniques. The field of crops requires precise and uniform seed distribution for optimal growth. Equipment for planting, such as seed drills, seed meters, fluted rollers, and furrow openers, are essential tools for this purpose. The Market caters to the demand for cutting-edge planting tools that enhance farming tasks and improve efficiency. Modern planting machinery, including air seeders and planters, enable farmers to sow seeds in designated rows with precision.
Moreover, these machines offer cutting-edge features, such as machining centers and precision farming technology, to ensure uniform seed distribution and improved machine performance. However, the lack of finance can hinder the adoption of mechanized farming equipment, leading some farmers to rely on manual sowing techniques, such as hand sowing. Hence, such factors are hindering the market growth during the forecast period.
The mechanical segment is estimated to witness significant growth during the forecast period. The Market encompasses the supply of advanced machinery and tools designed for efficient planting techniques in various agricultural contexts. Modern farm machinery plays a pivotal role in the field of crops, enabling uniform seed distribution and improved efficiency. Sowing machinery, including seed drills and seed meters, facilitates designated rows for optimal growth. Cutting-edge planting tools, such as fluted rollers and furrow openers, ensure precise seed placement and improved machine performance. In contrast, conventional sowing techniques, like hand sowing, require human tool changes and may lack the uniformity and efficiency offered by mechanized farming equipment.
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The mechanical segment was the largest segment and was valued at USD 6.03 billion in 2018. The increasing mechanization of agriculture and the rise in farmers' incomes are key factors driving the growth of the market. Favorable climatic conditions for food production and government support through loan concessions for all income categories further promote market expansion. Machines used for cultivable land, such as air seeders and planters, are essential for mechanized farming. These machines offer cutting-edge features, like precision farming and improved machine performance, to meet the growing demand for food production. However, the lack of finance may hinder the adoption of planting machinery for some farmers. In horticultural contexts, the Market caters to the need for specialized machinery to ensure optimal growth and uniform seed distribution. Hence, such factors are fuelling the growth of this segment which in turn drives the market during the forecast period.
Based on the product, the market has been segmented into seed drills, planters, and air seeders. The seed drills segment will account for the largest share of this segment. The mechanical market encompasses a wide range of machinery used in the sowing and planting process in the agricultural industry. This includes seed drills, seeders, transplanters, and broadcast equipment, which are essential for the precision sowing of crops such as oilseeds and pulses, fruits and vegetables, and cereals like wheat and soybeans. Seed drills, in particular, facilitate the sowing of seeds at equal distances in rows, ensuring high-precision sowing and a favorable seed-to-crop ratio. Farm machinery manufacturers offer innovative solutions to meet the global demand for systemized food production. For instance, Kverneland AS provides the Kverneland DF-1 seed drill, which caters to both conventional and precision sowing applications. Hence, such factors are fuelling the growth of this segment which in turn drives the market during the forecast period.
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APAC is estimated to contribute 42% to the growth by 2028. Technavio's analysts have provided extensive insight into the market forecasting, detailing the regional trends and drivers influencing the market's trajectory throughout the forecast period. The mechanical market encompasses a range of machinery utilized in the sowing and planting process for various agricultural produce, including oilseeds and pulses, fruits, and vegetables. Key equipment in this sector includes seed drills, broadcast seeders, transplanters, and harvesters with threshing capabilities.
Moreover, these machines facilitate efficient and precise seeding, enabling farmers to optimize yield and reduce the reliance on physical labor. Farm machinery plays a pivotal role in the agricultural services industry, with seeds being a crucial input. The seeding process is a critical stage in farming, and while traditional methods have been effective, mechanical equipment has revolutionized the way crops are planted in the field. Seed drills and broadcast seeders enable farmers to sow seeds at optimal depths and densities, ensuring even germination and growth. Hence, such factors are driving the market growth in APAC during the forecast period.
Companies 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.
Deere and Co: The company offers manufacturing and distribution of machines and service parts used in construction, earthmoving, road building, material handling, and timber harvesting.
We also have detailed analyses of the market’s competitive landscape and offer information on 20 market companies, including:
AGCO Corp., Bucher Industries AG, Buhler Industries Inc., CLAAS KGaA mBH, CNH Industrial NV, Greaves Cotton Ltd., 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, and Yanmar Holdings Co. Ltd.
Technavio market forecast the an in-depth analysis of the market and its players through combined qualitative and quantitative data. The analysis classifies companies into categories based on their business approaches, including pure-play, category-focused, industry-focused, and diversified. Companies are specially categorized into dominant, leading, strong, tentative, and weak, based on their quantitative data analysis.
The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD Billion" for the period 2024-2028, as well as historical data from 2018 - 2022 for the following segments.
The market encompasses various types of machinery and tools essential for planting seeds on agricultural land. This equipment includes seed drills, planters, transplanters, and other related machinery. The market for planting equipment is significant due to the increasing global population and the subsequent demand for food production. Farmers require efficient and effective planting solutions to maximize crop yields and minimize wastage. The market for planting equipment is expected to grow due to the adoption of modern farming practices and the integration of technology in agriculture. Additionally, the market is driven by government initiatives to promote mechanized farming and the availability of financing options for farmers to invest in advanced planting equipment. Overall, the market is a vital sector in the agricultural industry, providing farmers with the necessary tools to optimize crop production and ensure food security.
Market Scope |
|
Report Coverage |
Details |
Page number |
170 |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 7.19% |
Market growth 2024-2028 |
USD 6.62 billion |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
6.71 |
Regional analysis |
APAC, North America, Europe, South America, and the Middle East and Africa |
Performing market contribution |
APAC at 42% |
Key countries |
US, China, Australia, France, and Brazil |
Competitive landscape |
Leading Companies, Market Positioning of Companies, 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., Greaves Cotton Ltd., 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, and Yanmar Holdings Co. Ltd. |
Market dynamics |
Parent market analysis, market growth analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the 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. |
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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 Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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