Planting Equipment Market 2023 – Market Size & Segments Analysis, Industry Trends, Manufacturers Analysis, Opportunities and Forecast 2030
Page: 215 | Report Code: MC230621 | Research Suite: Report (PDF) & Market Data (Excel)
NOTE: Due to exhaustive nature of content, full ToC can't be uploaded. Please request Sample Pages to receive full table of content.
Planting Equipment Insight:
Planting
equipment refers to a variety of machines and implements used in agriculture to
sow seeds or transplant seedlings into the soil. These equipment types are
designed to improve planting efficiency, accuracy, and uniformity. They play a
crucial role in ensuring proper seed placement, optimizing plant establishment,
and contributing to overall crop productivity and sustainability. The choice of
equipment depends on the specific crop, field conditions, planting practices,
and scale of operation. For instance, around 40% of the global population calls
agribusiness their core occupation, and to increase the productivity of their
crops, farmers use many types of machinery, such as planting equipment, to make
their agriculture productive, thus boosting the demand for the planting
equipment market.
Planting Equipment Market:
The planting
equipment market is influenced by several factors, including technological
advancements, agricultural practices, government policies, and the demand for
increased productivity. In 2022, the size of the global planting equipment
market was valued at USD 19.1 billion. It is anticipated to grow at a CAGR of
6.6% from 2023 to 2030, going from USD 20.4 billion in 2023 to USD 34.0 billion
in 2030. Precision agriculture practices, which involve using technology and
data-driven decision-making in farming operations, are driving the demand for
advanced planting equipment. Some prominent companies in the market include
Deere & Company, CNH Industrial N.V., AGCO Corporation, Kubota Corporation,
Mahindra & Mahindra Ltd., Kinze Manufacturing, and Buhler Industries, among
others.
Planting Equipment Market Growth
Drivers:
The global
population continues to grow, leading to an increased demand for food and
agricultural products. Planting equipment enables farmers to optimize seed
placement, spacing, and depth control, resulting in better crop establishment
and higher yields. Equipment for planting that allows for precise seed
placement, better spacing, and better health of the soil is also in line with
the goals of sustainable farming for a population that is growing.
Manufacturers
are integrating advanced features and systems into their equipment to enhance
planting precision, efficiency, and sustainability. This includes the use of
automation, robotics, artificial intelligence, and connectivity features to
optimize planting operations and improve overall performance.
Farm
mechanization is increasingly adopted to reduce labor dependency and improve
operational efficiency. Planting equipment automates tasks that would otherwise
be labor-intensive and time-consuming. Farmers can boost productivity, speed up
planting times, and save money on labor by mechanizing the process.
Modern
farming methods are being increasingly adopted by emerging economies with
expanding agricultural sectors like China, India, Brazil, and Southeast Asian
nations. The demand for planting equipment is being driven by a shift from
traditional to mechanized farming in these areas.
In order to
boost farm productivity and encourage agricultural mechanization, subsidies,
and support are provided by various regions' governments. Farmers are
encouraged to invest in cutting-edge machinery by means of financial
incentives, tax breaks, and subsidies for the purchase of planting equipment.
Planting Equipment Market Segmentation:
1. By Product Type: Seed Drills, Air Seeders, Planters,
Transplanters, Others
2. By Level of Technology: Conventional Equipment, Precision
Planting Equipment, Smart Planting Equipment
3. By Design Aspect: Mechanical, Automatic
4. By Crop Type: Grains & Cereals, Pulses &
Oilseeds, Vegetables & Fruits, Others
5.
By Region: North
America, Europe, Asia-Pacific, Latin America, Middle East & Africa
Planting Equipment Market Product Type
Segment Review:
The seed
drills segment will hold the greatest market share. Farmers are increasingly
embracing cutting-edge equipment, including seed drills, to increase production
as agriculture gets more mechanized. Additionally, seed drills allow for exact
seed planting, optimizing spacing, and seed-to-soil contact. Precision like
this helps to cut waste and increase crop yields. Planters are specialized
machines used for planting seeds or seedlings at precise intervals and depths.
They provide better control over seed placement and spacing, which is crucial
for crops like corn, soybeans, cotton, and vegetables. Air seeders use air
pressure to distribute seeds uniformly across the field and feature a large
seed hopper, metering systems, and air distribution mechanisms to deliver seeds
into the soil. Transplanters automate the process of transplanting seedlings,
ensuring consistent spacing and proper planting depth.
Planting Equipment Market Level of
Technology Segment Review:
Precision
planting equipment represents the high-tech end of the market. These machines
incorporate advanced technologies, digital controls, and precision components
to optimize planting accuracy and efficiency. Precision planters often feature
GPS guidance systems for precise positioning, variable-rate seeding
capabilities, real-time data collection, and advanced sensors for monitoring
planting parameters. Conventional planting equipment represents the basic level
of technology including traditional seed drills and planters that rely on
mechanical mechanisms for seed distribution and planting.
Planting Equipment Market Design Aspect
Segment Review
Equipment for
automating the planting of seeds or seedlings in agricultural or horticultural
contexts is referred to as automatic planting equipment. This cutting-edge
equipment is outfitted with a variety of features and technology to improve
planting efficiency, accuracy, and productivity. Equipment specifically created
for the mechanized planting of seeds or seedlings in agricultural or
horticultural applications is referred to as mechanical planting equipment.
These devices efficiently carry out numerous planting operations by using
mechanical mechanics.
Planting Equipment Market Crop Type
Segment Review
The market
share that belongs to cereals and grains is the largest. The elements that
contribute to an increase in the amount of land being cultivated for grains and
cereals around the world include farmers adopting better agricultural
practices, which include using seed drills to plant the seeds. Planting
equipment for oilseed crops must ensure precise seed placement and spacing to
optimize yield and oil content. Precision planters are commonly used for oilseed
crops due to their ability to handle small seeds and provide accurate seed
singulation and spacing. Transplanters are often used for vegetable crops to
efficiently transplant young seedlings into the field to provide precise seed
placement, spacing, and depth control to achieve a uniform and healthy plant
growth.
Planting Equipment Market Regional
Synopsis:
North America
accounted for47.0% of the global revenue share i.e., the largest share of the
global planting equipment market driven by the large-scale commercial
agriculture sector in countries like the United States and Canada. Precision
planting equipment is widely adopted, with farmers leveraging advanced
technologies to optimize planting operations and maximize yields. The market is
expected to be growing at a CAGR of around 8.6% from 2023 to 2030 with some of
the key players in this region.
Europe is among
the leading markets with significant growth at a CAGR of around 8.2%
(2023-2030) in the planting equipment market due to a diverse agricultural
landscape, with a mix of large commercial farms and smaller family-owned
operations. Planting equipment with advanced features, such as GPS guidance and
variable-rate seeding, is in demand which is influenced by regulations promoting
environmentally friendly farming practices. The region is expected to witness
increased investment in research and development activities with Germany,
France, and the UK being the major contributors.
The
Asia-Pacific region is expected to show the highest growth rate i.e., a CAGR of
9.4% in the market during the forecast period (2023-2030)driven by the need to
increase agricultural productivity and meet the rising food demand of growing
populations. The adoption of modern planting equipment is increasing, especially
in countries undergoing agricultural mechanization such as China, India, and
Australia. The market is characterized by a mix of both large-scale commercial
farming and smallholder agriculture.
The Latin
American region is expected to show moderate growth during the forecast period with
Brazil and Argentina being the major contributors. The market is driven by
large-scale farming operations and a focus on high-yield crops such as
soybeans, corn, and sugarcane. Planting equipment that can handle large
acreages and diverse crop types is in demand. Precision planting technologies
are gaining traction, enabling farmers to optimize inputs and increase
efficiency.
The Middle
East and African region are expected to grow very steadily with Israel, Egypt,
and South Africa being the major contributors characterized by variations in
crop types and growing conditions across different countries. Planting equipment
suitable for specific crops, such as cereals, fruits, and vegetables, is in
demand. Small-scale and subsistence farming plays a significant role in some
regions, influencing the market dynamics.
Planting Equipment Market Key
Challenges:
Planting equipment
especially advanced and technologically sophisticated machinery, can have a
high upfront cost. This poses a challenge for farmers, particularly small-scale
or resource-limited farmers, who may find it difficult to afford the initial
investment.
Field
conditions can vary significantly, posing challenges for planting equipment.
Uneven terrain, rocky soils, and challenging weather conditions can impact the
performance and effectiveness of planting equipment.
Planting
equipment requires regular maintenance to ensure optimal performance. Farmers
may face challenges in accessing timely maintenance and repair services,
particularly in remote or rural areas. Effective and efficient operation of
planting equipment requires proper training and skills. A lack of skilled
operators can hinder the optimal utilization of equipment.
Increasing
environmental regulations and sustainability concerns pose challenges for the
planting equipment market. The planting equipment market is highly competitive,
with numerous manufacturers offering similar products. These regulations and
competition can lead to market fragmentation and price competitiveness.
Planting Equipment Market Key Global
Players:
The competitive landscape of the planting
equipment market is shaped by several factors, including:
·
Manufacturers that invest in research and development to introduce
advanced features, automation, precision capabilities, and digital integration
gain a competitive edge.
·
Manufacturers with a comprehensive portfolio of planting equipment,
including seed drills, planters, transplanters, and precision tools, can cater
to a wide range of crop types and farm sizes.
·
Farmers often prefer well-known brands that have a track record of
delivering high-quality equipment and responsive after-sales
service. Established brands with a strong reputation for reliability, durability,
and customer support have a competitive advantage.
·
Cost optimization in manufacturing processes, supply chain management, and
sourcing components and materials allows companies to offer attractive pricing
without compromising profitability.
·
A strong international presence enables manufacturers to tap into diverse
markets, benefit from regional growth opportunities, and establish
relationships with local distributors and farmers.
Numerous players are vying for market
share and investing in new technologies and product development to stay ahead
of the curve in the market. Several key global players in the planting
equipment market include:
·
Deere & Company
·
AGCO Corporation
·
Bourgault Industries Ltd.
·
Buhler Industries Inc.
·
Case IH Agricultural Equipment Inc.
·
CNH Industrial N.V.
·
Davimac Pty. Ltd.
·
Great Plains Manufacturing, Inc.
·
Horsch Maschinen GmbH
·
Kasco Manufacturing Co. Inc.
·
Kinze Manufacturing Inc.
·
Kubota Corporation
·
Kuhn Group
·
Mahindra & Mahindra Ltd.
·
Morris Industries Ltd.
·
Seed Hawk Inc.
·
SeedMaster Manufacturing Ltd.
·
Other Players
The
organization has been putting vigorously in innovative work to further develop
the planting equipment experience and grow its piece of the pie. They have
partnerships with several major businesses and significant funding.
The report on the planting equipment
market covers the following aspects:
·
Market Overview: A general overview of the global planting equipment
market, including its current size and growth projections for the future.
·
Market Segmentation: A breakdown of the market by product type, level of
technology, design aspect, crop type, and geographic region.
·
Market Dynamics: An analysis of the key drivers, challenges, and trends
affecting the growth of the planting equipment market.
·
Competitive Landscape: A comprehensive analysis of the leading players in
the planting equipment market, including their market share, product offerings,
and key strategies.
·
Regional Analysis: A detailed analysis of the planting equipment market by
geographic region, including market size, growth projections, and key trends
for each region.
·
Company Profiles: In-depth profiles of key players in the planting
equipment market, including their business overview, product offerings,
financial performance, and recent developments.
· Market Forecast: Projections for the future growth of the planting equipment market, including market size, growth rate, and key trends for the next five to ten years.
Attributes |
Details |
Base Year |
2022 |
Trend Period |
2020 – 2030 |
Forecast Period |
2023 – 2030 |
Pages |
215 |
Product Type Segment |
Seed Drills, Air Seeders, Planters,
Transplanters, Others |
Level of Technology Segment |
Conventional Equipment, Precision
Planting Equipment, Smart Planting Equipment |
Design Aspect Segment |
Mechanical, Automatic |
Crop Type Segment |
Grains & Cereals, Pulses &
Oilseeds, Vegetables & Fruits, Others |
Company Profiles |
Deere & Company, AGCO
Corporation, Bourgault Industries Ltd., Buhler Industries Inc., Case IH
Agricultural Equipment Inc., CNH Industrial N.V., Davimac Pty. Ltd., Great
Plains Manufacturing, Inc., Horsch Maschinen GmbH, and Others |
Edition |
4th edition |
Publication |
June 2023 |