Future Scope of Agricultural Planting and Fertilizing Machinery Market| Growing With 4.6% CAGR | DEERE & COMPANY (JOHN DEERE), AGCO CORPORATION, CNH INDUSTRIAL, MAHINDRA TRACTORS

Market Analysis:

Europe to dominate the market
Europe is likely to see potential growth for planting and fertilizing machineries in the coming five years, owing to the growing factors like improving agricultural productivity through mechanization and labor shortage. However, North America is likely to cover a major share in the planting and fertilizing machinery markets compared to Europe during forecast period, owing to the high land mass and extensive, large-scale farming practices.

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Technological innovation and precision farming are some of the areas that can be exploited for future opportunities. Besides a huge scope of development, the major constraints the sector is facing are low commodity prices and expensive machineries resulted in less affordability of machineries from farmers. These factors affect the growth of the agriculture sector; thus, affecting the growth of the planting and fertilizing machinery market.

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Market Segments:
Agricultural Machinery Market is segmented by:
1. Machinery Type: Planting Machinery (Seed Drills, Planters/ Transplanters, Broadcast Spreaders, Drop Spreaders), Fertilizing Machinery(Sprayers , Manure Spreaders)
2. Geography: North America, South America, Europe, Asia Pacific, Middle East & Africa

Key Developments:
• January 2017: Kubota Corporation has launched new autonomous rice transplanter which automatically plant seeds in eight rows at a one go and is expected to attract large size farmers in the future.

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This release was published on openPR.