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Planting Machines Market Analysis, Top Leading Companies, Trends and Forecast 2033
Planting Machines Market
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.
Market Overview -
Planting machines refer to any type of machinery, equipment, and apparatus used for industrial activity.
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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
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.
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Key Segments -
The planting machines market covered in this report is segmented -
1) By Machinery: Seed Drill, Planters, Air Seeders, Other Machinery
2) By Type: Planting Machinery, Fertilizing Machinery
3) By Design: Automatic, Mechanical
Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics
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