WASHINGTON, Feb. 02, 2022 (GLOBE NEWSWIRE) -- The Global Planting Equipment Market size is expected to reach over USD 30.98 Billion by 2028, exhibiting a CAGR of 6.3% during the forecast period.
Market Synopsis
The factors which are influencing the planting market growth are increased and better usage of mechanized equipment over handheld equipment in farming, declining arable field for agriculture which results in utilization of the available land for enhanced yield, lack of labor, and participation of corporates has increased in the agriculture sector leading to rise in agreements for contract farming, states Vantage Market Research, in a report, titled “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)”.
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List Of Prominent Players in the Planting Equipment Market:
- 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.)
- Seed Master Manufacturing Ltd. (Canada)
- Seed Hawk Inc. (Canada)
- Stara S/A Indústria de Implementos Agrícolas’ (Brazil)
- Morris Industries Ltd. (Canada)
- Davimac Pty. Ltd. (Australia)
- Kasco Manufacturing Co., Inc. (U.S.)
Market Dynamics:
Driver: Development of Agricultural Industry to Fuel the Planting Equipment Market Globally
The development of the agricultural industry will expand the demand for Planting Equipment globally. Planting Equipment has taken over the conventional sowing process. Achieving precision and uniformity in the seed distribution in manual sowing is a tough task. Planting Equipment provides uniformity in a smaller time. The use of this equipment has made the task simpler, highly efficient, and easier. Automation has substantially propelled efficiency and productivity in the agricultural industry. Better efficiency, increased productivity, and easy processing are the key factors fuelling the Planting Equipment Market globally.
Planting Equipment has enhanced machine components and declines manual work. The automatic tool change job of Planting Equipment saves effort and time needed for manual tool transitions. In recent years, machining centres advancements like five-axis machining centres which are equipped with conventional and rotational axes has allowed the manufacturing of components with enhanced efficiency and complex machine parts. Manufacturers are primarily focusing on enhancing the functioning of these machining centres to serve to the ever-rising demand for effective machining centres. Hence, product innovation is likely to create great opportunities for the Planting Equipment market globally in the coming years.
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Restraint: Lack of Knowledge in Emerging Economies among Farmers
There are some challenges which are faced by the market that will hamper the market growth overall. The factors like, less availability of large farmlands in the nations for large-scale fresh produce are restricting the growth of the market.
Also, availability of consolidated agricultural lands is less for growing crops, which are needed for contract farming, is likely to sluggish market growth in the coming years. Further, lack of knowledge in emerging economies among farmers, and fragmented and small landholdings, particularly in emerging nations are the potential restraints hindering the growth of the global market overall. Nevertheless, the development of precision farming, and launch of equipment supporting precision farming with advanced characteristics like expanded government subsidies, automated downforce control systems, and untapped potential in developing markets offer suitable growth opportunities.
Regional Trends
North America held the largest share in the market. In Europe, the rising adoption of Planting Equipment due to increasing concern for development facilities and better research in farming methods. Besides, rising mechanized farming methods also leads to suitable FDI policies in agriculture sector, strong initiatives by government, and ongoing projects will fuel the market in the region.
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Recent Developments
- May, 2021: AGCO announced it has entered into a proof-of-concept collaboration agreement with Robert Bosch GmbH, BASF Digital Farming GmbH and Raven Industries Inc. with the objective of evaluating targeted spraying technology to make the application of crop protection products more effective and efficient by reducing crop input costs while driving farm and environmental sustainability.
- April, 2021: SEEDMASTER expands its Alberta Footprint with Alberta AG Centre. Enhancing Alberta AG Centre’s seeding equipment offering and SeedMaster’s reach across Southern Alberta.
- June, 2020: Rite way has acquired Morris Industries. The Rite way has signed an agreement to take over full ownership of Morris Industries.
COVID-19 Impact Analysis:
The COVID-19 outbreak has affected various industries worldwide. Governments across the world implemented strict lockdown measures and social distancing norms in order to restrict the swift spread of the pandemic. Manufacturing facilities around the world were shut down during the initial stages of the pandemic. Moreover, the economic crisis after the pandemic might lead to a significant delay in the commercial roll-out of the Planting Equipment Market. Hence, market players faced numerous challenges as disruptions in the supply chain were observed. However, things will improve in the second half of 2022 as more supplies will come online. The impact of COVID-19 on the market demand is considered while estimating the current and forecast market size and growth trends of the market for all the regions and countries based on the following data points:
- Impact Assessment of COVID-19 Pandemic
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
- Quarterly Market Revenue Forecast by Asia Pacific 2020 & 2021
- Key Strategies Undertaken by Companies to Tackle COVID-19
- Long Term Dynamics
- Short Term Dynamics
Browse market data Tables and Figures spread through 155 Pages and in-depth TOC on "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)" View detailed Research Report here - https://www.vantagemarketresearch.com/press-release/planting-equipment-market-753073
The report on Planting Equipment Market highlights:
- Assessment of the market
- Premium Insights
- Competitive Landscape
- COVID Impact Analysis
- Historic Data, Estimates and Forecast
- Company Profiles
- Global and Regional Dynamics
Key questions answered in the report:
- Which regional market will show the highest and rapid growth?
- Which are the top five players of the Planting Equipment Market?
- How will the Planting Equipment Market change in the upcoming six years?
- Which application and product will take a lion’s share of the Planting Equipment Market?
- What is the Planting Equipment market drivers and restrictions?
- What will be the CAGR and size of the Planting Equipment Market throughout the forecast period?
This market titled “Planting Equipment Market” will cover exclusive information in terms of Regional Analysis, Forecast, and Quantitative Data – Units, Key Market Trends, and various others as mentioned below:
| Report Attribute | Details |
| Market Size in 2021 | USD 20.20 Billion |
| Projected Market Size in 2028 | USD 30.98 Billion |
| CAGR Growth Rate | CAGR of 6.3% from 2022–2028 |
| Base Year | 2021 |
| Historic Years | 2016 - 2020 |
| Forecast Years | 2022 - 2028 |
| Segments Covered | Type: - Air seeders, Seed drills, Planters, Others Design: - Mechanical, Automatic Crop Type: - Cereals & grains, Oilseeds & pulses, Fruits & vegetables, Others |
| Quantitative Data - Units | Revenue in USD Million/Billion and CAGR from 2022 to 2028 |
| Regions Covered | North America, Europe, Asia Pacific, Latin America, and Middle East & Africa |
| Countries Covered | U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others |
| Report Coverage | Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis. |
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