Planting Equipment Market – Global Industry Analysis, by Equipment Type, Functioning, Crop Type, Region and Forecast (2023-2029)

Planting Equipment Market is anticipated to reach US$ 36.68 Bn by 2029 from US$ 23.37 Bn in 2022 at a CAGR of 6.65 % during a forecast period.

Planting equipment is farm machinery used to sow seeds in a field. Using planting machinery, the seeds are sown in particular rows. The planting equipment market is likely to be driven by the rise of automation and convenience of use. Planting machinery eliminates the need for physical labour. In agricultural services, it is utilized in the seeding process. Planting machinery has supplanted the traditional way of sowing seeds. Planting equipment aids in the practical completion of farming tasks in a short amount of time. The planting equipment market is expected to grow as the farming industry expands.To know about the Research Methodology :- Request Free Sample Report
Planting Equipment Market Dynamics
The global need for planting equipment will rise as the agriculture industry expands. The conventional sowing process has been replaced with planting machinery. Manual sowing makes it difficult to achieve consistent seed dispersion. Planting equipment ensures consistency in a shorter amount of time. Farmers' costs are also increased by the manual work necessary for planting. The introduction of planting machinery has simplified and initiated the process. In the agriculture industry, automation has increased production and efficiency. The worldwide planting equipment market is likely to be driven by improved efficiency, simplicity of processing, and enhanced production.

Planting equipment saves time and money by reducing human labour and utilising higher-quality machine components. Planting equipment with an automated tool change feature saves time and effort compared to manual tool changeovers. Advancements in machining centres, such as five-axis machining centres with rotating and conventional axes, have made it easier to produce complicated machine parts and components in recent years. To meet the growing demand for efficient machining centres, manufacturers are working on increasing the functionality of machining centres. During the forecast period, product innovation is likely to provide improved chances for the worldwide planting equipment market.
Planting Equipment Market Segmentation Analysis

By Equipment Type, Seed drills held the greatest market share of US$ xx Mn in 2022, owing to their low cost and ease of maintenance as compared to other seeders. Seed drills are also appreciated by farmers since they are suitable for both small and medium-sized farmlands.

By Crop Type, The cereals and grains category is expected to increase at the quickest rate, with a CAGR of xx%. Cereal producers' advanced agricultural procedures and rising demand for cereals throughout the world as a result of the trend of a growing world population. Cereal producers' advanced farming procedures, as well as growing demand for cereals throughout the world due to the move toward a healthier lifestyle, are expected to help the cereals & grains segment's growth.
Planting Equipment Market Regional Insight
North America's market was worth USD 35.1 billion in 2022, and it's expected to rise at a CAGR of more than 5.0 per cent over the forecast period. The amount of large acreage is driving growth, resulting in a high need for agricultural mechanisation. In addition, the adoption of advanced combined harvesters with monitoring systems to increase agricultural productivity is on the rise in the region. Over the forecast period, rising labour costs, the incorporation of robotic systems and Global Positioning Systems (GPS) in tractors and harvesters, increased demand for high-capacity machinery due to large farms, and the growing popularity of self-propelled machines are all expected to fuel regional market growth.

In 2022, the Middle East and Africa area were worth USD 10.1 billion, with a CAGR of 2.0 per cent expected over the forecast period. South Africa, Saudi Arabia, and the United Arab Emirates are all important markets in the area. Over the forecast period, demand for irrigation and crop processing equipment is expected to rise in arid and semiarid Middle Eastern nations with low and unpredictable rainfall. The regional agriculture sector is likely to benefit from increased Chinese investment in African countries. The recent development of New Hope Group, an investment corporation, in Egypt is one example of the region's growing Chinese influence.

Report Objectives:

• Landscape analysis of the Planting Equipment Market
• competitive benchmarking
• Past and current status of the industry with the forecasted market size and trends
• Evaluation of potential key players that include market leaders, followers, and new entrants
• Technology trends
• The potential impact of micro-economic factors on the market
• External and Internal factors affecting the market have been analyzed

The report also helps in understanding the Planting Equipment Market dynamics, structure by analysing the market segments project the Planting Equipment Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Planting Equipment Market make the report investor’s guide.
Planting Equipment Market Scope: Inquiry Before Buying



Global Planting Equipment Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2017 to 2022
Market Size in 2022:
US $ 23.37 Bn.


Forecast Period 2023 to 2029 CAGR:
6.65%
Market Size in 2029:
US $ 36.68 Bn.


 Segments Covered:
by Equipment Type
• Air seeders
• Seed drills
• Planters
• Others


by Functioning
• Automated
• Manual


by Crop Type
• Cereals & grains
• Oilseeds & pulses
• Fruits & vegetables
• Others



Planting Equipment Market, by Region
• North America (United States, Canada and Mexico)
• Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
• Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
• Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
• South America (Brazil, Argentina Rest of South America)
Planting Equipment Market Key Players
• Deere & Company
• AGCO Corporation
• Buhler Industries, Inc.
• Kinze Manufacturing, Inc.
• Case IH Agricultural Equipment, Inc.
• Bourgault Industries Ltd.
• Seed Hawk Inc.
• SeedMaster Manufacturing Ltd.
• Morris Industries Ltd.
• Stara S/A Indústria de Implementos Agrícolas’
• Kasco Manufacturing Co., Inc.
• Davimac Pty. Ltd.
• Bracke Forest AB
• CLAAS KGaA mbH
• Kubota Agricultural Machinery India Pvt. Ltd.
• Mahindra & Mahindra Ltd

Frequently Asked Questions

1. What is the projected market size & growth rate of the Planting Equipment Market?
Ans- Planting Equipment Market was valued at USD 23.37 billion in 2022 and is projected to reach USD 36.68 billion by 2029, growing at a CAGR of 6.65 % during the forecast period.

2. What is the key driving factor for the growth of the Planting Equipment Market?
Ans- The global need for planting equipment will rise as the agriculture industry expands.

3. Which Region accounted for the largest Planting Equipment Market share?
Ans- North America's market was worth USD 35.1 billion in 2022, and it's expected to rise at a CAGR of more than 5.0 per cent over the forecast period.

4. What makes North America a Lucrative Market for Planting Equipment Market?
Ans- The amount of large acreage is driving growth, resulting in a high need for agricultural mechanisation.

5. What are the top players operating in Planting Equipment Market?
Ans- Deere & Company, AGCO Corporation, Buhler Industries, Inc., Kinze Manufacturing, Inc., Case IH Agricultural Equipment, Inc., and Bourgault Industries Ltd.