Precision Planting - Global Market Outlook (2020-2028)
According to Stratistics MRC, the Global Precision Planting Market is accounted for $3.67 billion in 2020 and is expected to reach $6.36 billion by 2028 growing at a CAGR of 7.1% during the forecast period. Increasing focus on the integration of geo-mapping and sensor data with planting equipment and benefits associated with precision planters such as optimal plant growth and higher crop yield are driving the market growth. However, the high cost and maintenance of these solutions are hampering the growth of the market.
Precision planting helps in transforming agriculture by making traditional activities more efficient and predictable. Precision planting ensures sustainability, profitability, and environmental protection. To provide optimization in plant growth precision planting uses real-time data about the conditions of the air, crops, and soil.
Based on the system type, the high-speed precision planting systems segment is going to have lucrative growth during the forecast period due to the growing awareness about the benefits of using these planting systems among farmers. High-speed precision planters are available in different row sizes, ranging from portable 2-row planters to 48-row planters, which are suitable for all types of farms, and hence, have a higher adoption rate. By geography, North America is going to have high growth during the forecast period owing to the presence of a substantial number of large farms and major players, rising disposable income, rising population, and companies contributing to the growth of the precision planting market by launching innovative products and services, and by extensively spending on the R&D of precision planting technologies.
Some of the key players profiled in the Precision Planting Market include Trimble Navigation, AGCO, CNH Industrial, Stara S.A. Indústria de Implementos Agrícolas, Buhler Industries, Dendra Systems, Morris Industries Ltd., Topcon Positioning Systems, Inc., Kinze Manufacturing, Inc., Seed Hawk, DroneSeed, John Deere, Davimac, Kubota Corporation, Case IH Agriculture and Farm Equipment, The Climate Corporation, Bourgault Industries Ltd., SeedMaster, Ag Leader and Kasco Manufacturing Inc.
System Types Covered:
• Precision Air Seeders
• High-Speed Precision Planting Systems
Drive Types Covered:
• Hydraulic Drive
• Electric Drive
Farm Sizes Covered:
• Below 400 Hectares
• Above 400 Hectares
• Row Crops
• Cereals, Oilseeds & Pulses
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2019, 2020, 2021, 2025 and 2028
- 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
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