The planting machines global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Planting Machines Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
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 growth in the historic period can be attributed to increased mechanization, environmental concerns, farm consolidation, government subsidies and incentives.
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.
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Scope Of Planting Machines Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Planting Machines Market Overview
Market Drivers –
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%).
Market Trends –
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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Regional Insights –
The Asia-Pacific was the largest region in the planting machines market in 2023. North America was the second largest region in the planting machines market. The regions covered in the planting machines market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Key Companies –
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
Table of Contents
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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