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Planting Machines Market Segments, Analysis, Overview, Outlook Report 2024-2033
Planting Machines Market Size
As per the report, 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 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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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%).
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 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
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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
Contents of the report:
1. Executive Summary
2. Planting Machines Market Report Structure
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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