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Dramatic developments in technology are changing the way agriculture process used to perform a decade ago. With the introduction of robotic technology, intelligent devices, and mechanized equipment agricultural applications are getting more advanced. Further, the rising adoption of smart and mechanized planting equipment is enabling farmers to enhance crop productivity, accomplish time efficiently, and improve worker safety. Additionally, greater growing conditions, food safety, and reduced environmental impact are other major factors boosting the growth of the plant equipment market across the globe.
Increasing the adoption of mechanized and intelligent equipment and solutions across farmland is boosting the growth of the planting equipment market worldwide. Further, shrinking arable land and shortage of the labour is encouraging farmers to invest money on planting equipment available in the market, this, in turn, is boosting the growth of the market across the globe. Additionally, the introduction of favourable government policies and rising farmer income in both developed and developing regions is projected to fuel the global planting equipment market size & growth during the forecast period. However, lack of awareness regarding the benefits of mechanized agriculture among farmers especially in price sensitive countries is hampering the adoption of planting equipment. Also, fragmented and small landholding in developing regions is anticipated to hamper the growth of the planting equipment industry to a certain extent.
The global planting equipment market has been studied based on various segments such as equipment type, function, application, and crop type.
Based on equipment type, the market is bifurcated into air seeder, planter, seed drill, and other equipment. The global planting equipment market is classified based on function into automatic and mechanical equipment. By application, the market is segmented into horticulture, agriculture, and other applications. Based on crop type, the global planting equipment market is categorized into cereals & grains, fruits & vegetables, pulses & oilseeds, and other crops. Major regions such as North America, Latin America, Western Europe, Eastern Europe, Middle East & Africa, and the Asia Pacific have been covered in the global planting equipment industry report. Among these regions, Europe was the largest regional market in the overall planting equipment market in 2019. Increasing average age of farmers in advanced economies such as UK, Germany, and Italy are one of the major factors responsible for increased adoption of mechanized and automated planting equipment among farmers. Further, supportive agricultural policies in the European region are expected to drive the growth of the planting equipment market in the region.
The global planting equipment market consists of the large number of players offering various types of advanced equipment. Few of the players profiled in the report are Bourgault Industries Ltd., Seedmaster Manufacturing Inc., AGCOCorporation, Kinze Manufacturing,Inc., Deere & Company Buhler Industries Inc., Kasco Manufacturing Co., Inc., Seed Hawk Inc., Davimac, Case IH, Stara S/A Industria De Implementos Agricolas, Morris Industries Ltd., Deutz-Fahr S.P.A.Kubota, and Mahindra & Mahindra Limited (M&M). These players are aimed at introducing technologically advanced and intelligent planting equipment for end users present in the agriculture industry.
This research report on planting equipment market would be produced using first-hand market information gathered from industry experts and major participants across the value chain, during primary research. It would provide broad view of current market trends, growth factors and competitive analysis.