Press release
Planting Equipment Market is Expected to Grow at a CAGR of over 6.3% | During 2022-2028 | Vantage Market Research
According to Vantage market research the Global Planting Equipment Market is valued at USD 20.20 Billion in 2021 and estimated to reach a value of USD 30.98 Billion by 2028 at a CAGR of 6.3% during the forecast period, 2022-2028.
Key Findings and Insights from the report:
• The report presents the estimated CAGR of 6.3% size of the Planting Equipment Market at the end of the forecast period.
• The Global Planting Equipment market is predicted to reach a value of USD 30.98 Billion by 2028.
• The report includes an overview of the market, the financial performance of key players its segmentation, its geographical scope.
• The report provides a detailed evaluation of the market by highlighting information on various aspects which include restraints, drivers, opportunities, and threats.
• Insight also covers the price, production, share, and growth rate of these top manufacturers and examines the competitive scenario for a better understanding of the market synopsis.
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Planting equipment is specially designed for sowing seeds in soil. This machinery can help people to do their agricultural work easily and quickly. With each passing years, more and more farmers are turning to such equipment to reduce the efforts and improve the production by using such machinery. They mix the soil with seeds and fertilizers and then water them so that the seeds can germinate quickly. One of the major factors driving the demand for this machinery is the very less time taken to deploy a large area. For example, they can be used for planting up to 10 acres of land in a day.
Market Segmentation:
By Type:
• Air seeders
• Seed drills
• Planters
• Others
By Design:
• Mechanical
• Automatic
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COVID-19 Impact Analysis of Planting Equipment Market:
When the Covid-19 pandemic began in China, it sent shock waves to countries around the world. And as the number of cases continued to rise, it forced governments around the world to take serious action such as border seals, lockdowns and enforce strict social distancing measures to avert imminent catastrophe. These actions had a dramatic effect on the economy, as industrialists around the world were forced to halt their production, leading to supply chain disruptions and the loss of various industries. Thus, a fall in the global markets.
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The Planting Equipment market regional level analysis:
• Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
• Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
• North America (United States, Canada and Mexico)
• Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
• South America (Brazil, Argentina, Colombia, and Rest of South America)
List of Leading Players in the Global Planting Equipment Market:
• AGCO Corporation (U.S.)
• Deere & Company (U.S.)
• Kinze Manufacturing Inc. (U.S.)
• Buhler Industries Inc. (Canada)
• Bourgault Industries Ltd. (Canada)
• Case IH Agricultural Equipment Inc. (U.S.)
• SeedMaster Manufacturing Ltd. (Canada)
• Seed Hawk Inc. (Canada)
• Stara S/A Indústria de Implementos Agrícolas' (Brazil)
• Morris Industries Ltd. (Canada)
• Davimac Pty. Ltd. (Australia)
• Kasco Manufacturing Co. Inc. (U.S.).
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Reason for buying this Planting Equipment market Report:
• The report highlights the macroeconomic forces that are affecting the strategies and policies in the market.
• Report provides pin point analysis of changing competition dynamics and keeps you ahead of competitors
• It provides a six-year forecast assessed on the basis of how the market is predicted to grow
• The report provides market leading players with facts and insights on the Planting Equipment market.
• It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of industry segments.
• Disruption and uncertainties in the industry are studied in the report.
• It provides the key product segments and their future.
• The report identifies bottlenecks and problems associated with businesses operating in the Planting Equipment market and provides possible solutions to those problems.
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