Planting Equipment - Global Market Outlook (2017-2026)
According to Stratistics MRC, the Global Planting Equipment Market is accounted for $13.8 billion in 2017 and is expected to reach $27.3 billion by 2026 growing at a CAGR of 7.9% during the forecast period. The growth of this market is mainly driven by improved usage of mechanization in the agriculture industry to increase the yield, reducing arable land for agriculture, less availability of skilled labor and rising adoption of contract farming. In addition increased government subsidies and recent technological developments are some of the other factors favouring the market growth. However, lack of awareness among farmers in emerging countries about upcoming technologies & usage of mechanization, and small & fragmented land holdings in developing countries are restraining the market growth.
In 2016, mechanical equipment segment dominated the planting equipment market with maximum share owing to its easy availability, simple design and low maintenance cost of these equipment. However, automatic equipment segment is projected to grow at the highest CAGR during the forecast period due to increasing adoption of advanced technologies such as GPS and hydraulic & pneumatic suspensions in this equipment. By equipment type, seed drills segment dominated the global planting equipment market as they are less expensive, and its usage in cultivating all crop types. The air seeders segment is projected to grow at the highest CAGR during the forecast period. Increased usage of contract farming operated on large farmlands will lead to more usage of air seeders.
Europe dominated the global planting equipment market with largest market share. Early adoption of this equipment, widespread R&D activities, shortage of farm labor, Common Agricultural Policy (CAP) in European countries, favourable government policies and demand for crop-specific & customized equipment are the factors responsible for dominance of this region. Asia-Pacific market is projected to grow at the highest CAGR during the forecast period due to the increasing levels of mechanization and subsidies available from governments in emerging economies.
Some of the key players profiled in the report include Seedmaster Manufacturing Inc., Kinze Manufacturing,Inc., AGCOCorporation, Stara S/A Industria De Implementos Agricolas, Bourgault Industries Ltd., Kasco Manufacturing Co., Inc., Seed Hawk Inc., Davimac, Case IH, Morris Industries Ltd., Deere & Company Buhler Industries Inc. Same Deutz-Fahr S.P.A.Kubota, Mahindra & Mahindra Limited (M&M).
Design Types Covered:
Equipment Types Covered:
• Air Seeders
• Seed Drills
• Other Equipment Types
• Other Applications
Crop Types Covered:
• Fruits & Vegetables
• Cereals & Grains
• Oilseeds & Pulses
• Other Crop Types
- North America
- Rest of Europe
- Asia Pacific
- New Zealand
- South Korea
- Rest of Asia Pacific
- South America
- Rest of South America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country level segments
- Market share analysis of the top industry players
- Strategic recommendations for the new entrants
- Market forecasts for a minimum of 9 years of all the mentioned segments, sub segments and the regional markets
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Best in class reports with high standard of research integrity
24X7 Research Support
Continuous support to ensure the best customer experience.
Adding more values to your product of interest.
Safe & Secure Access
Providing a secured environment for all online transactions.
Trusted by 600+ Brands
Serving the most reputed brands across the world.