What Fueled The Previous Growth In The Planting Machines Market?
The planting machines market has seen considerable growth due to a variety of factors.
• Over the past few years, the market size of planting machines has seen robust growth. The market, which is valued at $48.79 billion in 2024, is projected to escalate to $52.23 billion in 2025, indicating a compound annual growth rate (CAGR) of 7.0%.
Factors such as the rise in mechanization, environmental concerns, consolidation of farms, along with government subsidies and incentives have contributed to this growth during the historic period.
What Is The Expected Growth In The Planting Machines Market Size Evolve over the Forecast Period?
The planting machines market is expected to maintain its strong growth trajectory in upcoming years.
• The market size for planting machines is projected to experience significant expansion in the near future, increasing to $68.89 billion by 2029, with a compound annual growth rate (CAGR) of 7.2%.
This growth during the forecast period can be credited to factors like precision farming, conservation and sustainability, worldwide population growth, climate change, and the implementation of independent technology. Key trends predicted for this timeframe include intelligent and self-governing machinery, variable rate technology (VRT), mechanical advancements, as well as digital platforms and connectivity.
What Main Forces Are Fueling Expansion In The Planting Machines Market?
The scarcity of labor in the farming sector is predicted to fuel the expansion of the planting machines market. A surge in urban development, coupled with a heightened rate of literacy, has led to a reduction in the workforce available for agricultural tasks. According to the National Bureau of Statistics China, there's been a significant 23% drop in the rural population in the last twenty years.
What Are The Primary Segments In The Global Planting Machines Market?
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
Subsegments:
1) By Seed Drill: Compact Seed Drills, Trailed Seed Drills, Mounted Seed Drills
2) By Planters: Mechanical Planters, Vacuum Planters, Precision Planters
3) By Air Seeders: Tow-Behind Air Seeders, Pull-Type Air Seeders, Front-Mounted Air Seeders
4) By Other Machinery: Fertilizer Applicators, Precision Planting Equipment, Soil Preparation Machines
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What Emerging Trends Are Influencing The Growth Of The Planting Machines Market?
Leading participants in the market are emphasizing on the introduction of innovative technologies to lower costs and enhance production levels. These businesses are utilizing drones for seed planting, which not only tackles the issue of labor scarcity but also delivers greater productivity. For example, HevenDrones, a drone manufacturing firm from Israel, released a new hydrogen-powered commercial drone called H2D55 in February 2023. This drone is employed in agricultural operations such as scouting, fertilizing, spraying, and seeding.
Who Are the Key Players In The Planting Machines Market?
Major companies operating in the planting machines market include:
• 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
What Is The Most Dominant Region In The Planting Machines Market?
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
