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Planting Machines Market 2024 - Industry Share, Growth Analysis, Tech Innovations, Opportunities, New Business Strategies, Forecast 2033
Planting Machines Market
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the Planting Machines industry. This report on Planting Machines market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The planting machines market size has grown strongly in recent years. It will grow from $46.36 billion in 2023 to $49.67 billion in 2024 at a compound annual growth rate (CAGR) of 7.1%. The growth in the historic period can be attributed to increased mechanization, environmental concerns, farm consolidation, government subsidies and incentives. The planting machines market size is expected to see strong growth in the next few years. It will grow to $66.32 billion in 2028 at a compound annual growth rate (CAGR) of 7.5%.
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Key Market Players:
AGCO Corporation, Bourgault Industries Ltd., Bucher Industries AG, CLAAS KGaA mbH, CNH Industrial N.V., Deere & Company, ISEKI & Co. Ltd., Kubota Corporation.
Market Drivers:
According to the Planting Machines Market Report 2024 by The Business Research Company, The increasing farm size are expected to propel the planting machines market going forward. A farm is defined as an area of land and its buildings, used primarily for the production and management of food (crops and livestock), fibers, medicinal plants, and other products used to sustain and enhance human life. Planting machines streamline the agricultural process by efficiently placing seeds in the soil at consistent depths and intervals, enhancing crop yields on farms. For instance, in February 2022, according to the United States Department of Agriculture, a US-based government agency, in 2021, the average farm size in the USA increased to 445 acres, a slight rise from 444 acres in 2020. Therefore, the increase in farm size is driving the planting machines market.
More information about the Global Planting Machines Market Report -
https://www.thebusinessresearchcompany.com/report/planting-machines-global-market-report
Market segments for Planting Machines include:
1) By Machinery: Seed Drill, Planters, Air Seeders, Other Machinery
2) By Type: Planting Machinery, Fertilizing Machinery
3) By Design: Automatic, Mechanical
The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?
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