Categories: Market Research

Planting Machines Market Commodities, High Growth Opportunities, Segmentation, Market Trends By 2024-2033|AGCO Corporation, Bourgault Industries Ltd., Bucher Industries AG, CLAAS KGaA mbH, CNH Industrial N.V.

The Planting Machines Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2011-2022) and extends its insights into a ten-year forecast period (2024-2033).

Learn More On The Planting Machines Market:

https://www.thebusinessresearchcompany.com/report/planting-machines-global-market-report

According to The Business Research Company’s Planting Machines Global Market Report 2024, 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.

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%).

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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

The planting machines market report table of contents includes: