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Planting Machines Market Analysis 2024 -2033: Forecasted Market Size, Top Segments, And Largest Region | AGCO Corporation, Bourgault Industries Ltd., Bucher Industries AG, CLAAS KGaA mbH, CNH Industrial N.V
Planting Machines Market Characteristics
The Business Research Company offers in-depth market insights through Planting Machines Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
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%. The growth in the forecast period can be attributed to precision agriculture, sustainability and conservation, global population growth, climate change, adoption of autonomous technology. Major trends in the forecast period include smart and autonomous machinery, variable rate technology (vrt), mechanical innovations, digital platforms and connectivity.
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Market Segmentation:
The main types of planting machines are planting machinery and fertilizing machinery. Planting machinery refers to an apparatus, equipment, machinery, pipelines, or telecommunication tower fixed to earth by a foundation or structural support that is used for making outward supply and includes foundation and structural supports. The machinery used is seed drills, planters, air seeders, and other machinery. The designs are automatic and mechanical.
Major Driver - Labor Shortages In Agriculture Boosting The Demand For Planting Machines
The workforce shortage in agriculture is expected to drive the growth of the planting machines market. An increase in urbanization followed by an increased high-level literacy rate has decreased the available personnel for farm work. For instance, as per the National Bureau of Statistics China, the rural population has substantially reduced by 23% in the past two decades. In July according to the 2021 Farm Journal Labor Survey, as opposed to 30% in 2020, nearly two-thirds (66%) of respondents stated they had "some" or "a lot of difficulty" finding appropriate employees. According to the 2021 Farm Journal Labor Survey, it is more difficult to fill positions for most farm employers (87%), compared to ag retailers (91%).
Competitive Landscape:
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
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Top Trend - Advancements In Agricultural Drones Enhance Farming Efficiency And Productivity
Major players operating in the market are focusing on introducing advanced technologies to decrease costs and boost production. The companies are introducing drones for planting seeds that address the labor shortage and also give higher productivity. For instance, in February 2023, HevenDrones, an Israel-based drone manufacturer launched an H2D55, a new drone for hydrogen-powered drone for commercial use. It is used in agriculture for scouting, fertilizing, spraying, and seeding.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Planting Machines Market Characteristics
3. Planting Machines Market Trends And Strategies
4. Planting Machines Market - Macro Economic Scenario
5. Planting Machines Market Size And Growth
…..
27. Planting Machines Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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