The Planting Machines Global Market Report 2023 by The Business Research Company, provides planting machines market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.
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According to The Business Research Company’s Planting Machines Global Market Report 2023, the market size will grow from $47.28 billion in 2022 to $51.12 billion in 2023 at a compound annual growth rate (CAGR) of 8.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the global planting machines is expected to grow to $68.82 billion in 2027 at a CAGR of 7.7%.
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.
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The planting machines market is segmented:
1) By Machinery: Seed Drill, Planters, Air Seeders, Other Machinery
2) By Design: Automatic, Mechanical
3) By Type: Planting Machinery, Fertilizing Machinery
Major players operating in the market are focusing on introducing advanced technologies to decrease cost and boost production. The companies are introducing drones for planting seeds that address the labor shortage and also give higher productivity. For instance, in May 2020, XAG, a China-based company engaged in manufacturing agricultural drones launched a new drone for rice seeding, to relieve the shortage of labor in agriculture. Moreover, in September 2020, Dendra Systems, a manufacturer of global ecosystem restoration tools raised $10 million in Series A to restore the ecosystem by drone.
The planting machines market report table of contents includes:
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
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26. Africa Planting Machines Market
27. Planting Machines Market Competitive Landscape And Company Profiles
29. Key Mergers And Acquisitions In The Planting Machines Market
29. Planting Machines Market Future Outlook and Potential Analysis
30. Appendix
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