Planting Equipment Market by Type, Product, and Geography - Forecast and Analysis 2023-2027

Planting Equipment Market Forecast 2023-2027

The Planting Equipment Market size is estimated to grow by USD 5.99 billion from 2022 to 2027 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. Farmers are adopting modern farm machinery and advanced planting tools to optimize crop yields and meet the rising demand for food products. This transition towards mechanization has resulted in notable enhancements in crop yields, with major crops experiencing a three to eight-fold increase. The adoption of farm mechanization brings numerous benefits, including timely completion of farm operations, efficient utilization of expensive inputs such as seeds and fertilizers, and improved profitability for farmers. As the agriculture sector continues to evolve, the integration of modern technologies and mechanized practices promises to further enhance productivity and sustainability, ensuring food security for growing populations.

What will be the Size of the Planting Equipment Market During the Forecast Period?

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Segmentation

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.

Product Segment Analysis:

The market share growth by the mechanical segment will be significant during the forecast period. The demand 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.

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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.

Regional Analysis

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.

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The major markets in APAC are China, India, Japan, and Australia. The growth of the 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.

Technavio’s Exclusive Market Customer Landscape

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 Market Customer Landscape

Market Dynamics and Customer Landscape

The market is thriving with innovations in modern farm machinery and cutting-edge planting tools, revolutionizing the agriculture industry. From seed drillers to fluted rollers and furrow openers, planting equipment streamlines farming tasks and enhances planting techniques for optimal crop yield. Gone are the days of physical labor and hand sowing; designated rows and seed meters ensure precision in the seeding process, eliminating the need for human tool changes. With advancements like machining centers and sophisticated sowing machinery, the industry is transitioning from traditional farming methods to efficient and automated sowing and planting practices, shaping the future of the farming industry. 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 Market Driver

The market is witnessing significant growth, primarily fueled by a growing emphasis on farm mechanization in the agriculture industry. With the aim of optimizing crop yields and meeting the demand for food products, farmers are increasingly turning to modern farm machinery and cutting-edge planting tools. This shift towards mechanization has led to substantial improvements in crop yields, with a three to eight-fold increase observed in major crop yields. Farm mechanization offers various advantages, including timeliness in farm operations, efficient utilization of costly inputs like seeds and fertilizers, and enhanced profitability. As governments and agricultural companies prioritize mechanization to boost productivity, the Planting Equipment Market continues to evolve, catering to the diverse needs of the farming industry.

Significant Market Trend

An increasing number of product launches will fuel market growth. In order to increase their market share, vendors in the market are placing increasing emphasis on expanding their product portfolio through the introduction of new products. These new product launches can help vendors boost sales. To attract more consumers, vendors are introducing new versions of machinery with improved features, as well as offering patented features. Additionally, vendors are catering to the needs of small farm owners by offering lower-capacity models. Consequently, the introduction of new models is expected to drive sales and contribute to the growth of the global market during the forecast period.

Major Market Challenge

The decreasing availability of agricultural land is the major change that will hamper the overall 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, potentially hindering the growth of the global market during the forecast period.

??Who are the Major Planting Equipment Market Companies?

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.

Bucher industries AG-  Bucher Industries is engaged in the manufacturing and sales of control systems for plantations and distribution of tractors and specialized agricultural machinery.

Bourgault Industries Ltd.-  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 players, including:

• 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.
• Greaves Cotton Ltd.

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.

Recent Development of the Planting Equipment Market 

• In March 2021,  CNH Industrial NV acquired Bennamann Ltd., a UK-based, fast-growing agricultural technology company in the field of clean energy. 
• In August 2021, Deere and Co. acquired Bear Flag Robotics, an agriculture technology startup based in Silicon Valley.

Segment Overview

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. 

• Deployment Outlook 
  • Mechanical 
  • Private

• Application Outlook 
  • Large Enterprise
  • Small and Medium Enterprise

• Region Outlook 
  • North America
    • The U.S.
    • Canada
  • Europe
    • The U.K.
    • Germany
    • France
    • Rest of Europe
  • APAC
    • China
    • India
  • Middle East & Africa
    • Saudi Arabia
    • South Africa
    • Rest of the Middle East & Africa

Market Analyst Overview

The market is thriving amidst the evolving landscape of the agriculture industry, propelled by advancements in modern farm machinery and cutting-edge planting tools. From seed drillers to transplanters, farmers benefit from a diverse range of equipment designed to optimize planting techniques and ensure precise seed distribution in designated rows. The introduction of automated downforce control systems and robotic systems enhances efficiency and machine performance, reducing reliance on physical labor and mitigating challenges associated with manual sowing. Moreover, the integration of Global Positioning Systems (GPS) enables precision farming, catering to both agricultural and horticultural contexts while addressing issues such as lack of finance and changes in market regulations.

Moreover, the market is witnessing significant advancements, revolutionizing the agricultural industry with cutting-edge equipment for planting. Innovations in sowing machinery, such as seed meters and fluted rollers, ensure uniform seed distribution, replacing traditional hand sowing methods. With automatic cereals and grains and oilseeds and pulses planting capabilities, mechanized farming equipment enhances efficiency in field of crops cultivation. From transplanters to furrow openers, the market offers a range of solutions catering to diverse agricultural contexts. Moreover, features like automated tool change and broadcast capabilities streamline seeding processes, reducing reliance on physical labor and improving productivity in the farming industry.

Planting machines, Small tractors, and fertilizing machinery are essential in modern agriculture, where environmental concerns drive the adoption of precision agriculture techniques. Farm consolidation and the increasing farm size necessitate efficient methods such as hydroponics, aeroponics, and vertical farming, which are Growth drivers. Emerging technologies like lab-grown food and precision planters aid in sustainability efforts. Grain drills, potato planters, and vegetable planters cater to diverse agricultural needs, supported by platforms like Caterpillar and KhetiGaadi. Initiatives such as the Agro-Ecology Unit and Farmkart address labor shortages and foster economic development. Large-scale farming benefits from precision in sowing seeds and subsidies to farmers, alongside mechanized equipment and agricultural loans. Advanced technologies and funds support young farmers and farm businesses, while field equipment like irrigation nozzles, agrochemical sprayers, and weed control systems optimize yield inspection and equipment guidance. 

Furthermore, the adoption of seed meters facilitates the implementation of variable rate seeding strategies, allowing farmers to tailor planting densities to specific soil conditions and crop requirements. By harnessing cutting-edge features, such as GPS guidance and data analytics, farmers can make informed decisions to optimize yields while minimizing input costs. In essence, the incorporation of seed meters into mechanized farming practices represents a significant leap forward in agricultural technology. By replacing manual sowing techniques with automated precision, farmers can achieve higher levels of efficiency, productivity, and sustainability in modern farming operations.

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 5.99 billion
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 forecasting, 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 market research 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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What are the Key Data Covered in this Market Report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the market growth and forecasting of the market between 2023 and 2027
• Precise estimation of the size of the market size and its contribution to the parent market
• Accurate predictions about upcoming market trends and analysis and changes in consumer behavior
• Growth of the market industry across Europe, North America, APAC, South America, and Middle East and Africa
• Thorough market growth analysis of the market’s competitive landscape and detailed information about vendors
• Comprehensive market analysis and report on the factors that will challenge the market research and growth of market companies

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