Global Planting Machines Market Opportunities 2024, Forecast To 2033
18 Jan, 2024
The planting machines market has seen robust growth, advancing from $46.36 billion in 2023 to $49.67 billion in 2024, showcasing a 7.1% CAGR. Historical expansion is attributed to increased mechanization, environmental concerns, farm consolidation, and government subsidies and incentives. Anticipating sustained growth, the market is projected to reach $66.32 billion in 2028, reflecting a 7.5% CAGR. Forecasted growth is linked to precision agriculture, sustainability and conservation, global population growth, climate change, and the adoption of autonomous technology. Key trends include smart and autonomous machinery, variable rate technology (VRT), mechanical innovations, and digital platforms and connectivity.
Global Planting Machines Market Key Driver
The agriculture sector faces workforce shortages, propelling growth in planting machines. Urbanization and higher literacy rates decrease available farm personnel. For instance, China's rural population decreased by 23% in two decades. The 2021 Farm Journal Labor Survey reveals hiring challenges, with 66% struggling to find suitable employees. Farm employers (87%) find it harder to fill positions than ag retailers (91%).
Get A Free Sample Of The Global Planting Machines Market ReportGlobal Planting Machines Market Segments
The planting machines market covered in this report is segmented –
1) By Machinery: Seed Drill, Planters, Air Seeders, Other Machinery
2) By Type: Planting Machinery, Fertilizing Machinery
3) By Design: Automatic, Mechanical
By Geography: The regions covered in the planting machines market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa. Among these regions
The Asia-Pacific was the largest region in the planting machines market in 2023. North America was the second largest region in the planting machines market. The regions covered in the planting machines market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Major Planting Machines Industry Players
AGCO Corporation, Bourgault Industries Ltd., Bucher Industries AG, CLAAS KGaA mbH, CNH Industrial N.V., Deere & Company, ISEKI & Co. Ltd., Kubota Corporation, Mahindra & Mahindra Ltd., Yanmar Holdings Co. Ltd., Kasco Manufacturing Co. Inc., Davimac Pty. Ltd., Kinze Manufacturing Inc., Horsch Maschinen GmbH, Gaspardo, Great Plains Manufacturing Inc., Kverneland Group, Monosem Inc., Maschio Gaspardo S.p.A., Amity Technology, Landoll Corporation, Stanhay, Hardi International, Grimme Group, Gomselmash, Accord, KUHN Group, Salford Group, Miedema, Sukup Manufacturing Co., MaterMacc, Stara S/A Indústria de Implementos Agrícolas, Rabe, Lemken GmbH & Co. KG, Pöttinger Landtechnik GmbH, Farmet a.s., Strojirna Novotny s.r.o., DAWN Equipment Company
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Planting Machines Market Overview
Planting machines refer to any type of machinery, equipment, and apparatus used for industrial activity.
Planting Machines Global Market Report 2023 provides data on the global planting machines market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The planting machines market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.