Planting Machines Global Market Report 2024

Description

“Planting Machines Global Market Report 2024 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on planting machines market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

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Understand how the market has been affected by the COVID-19 and how it is responding as the impact of the virus abates.
Assess the Russia - Ukraine war's impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
Measure the impact of high global inflation on market growth.
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Identify growth segments for investment.
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Where is the largest and fastest growing market for planting machines? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The planting machines market global report ” from The Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

Scope

Markets Covered:

1) By Machinery: Seed Drill; Planters; Air Seeders; Other Machinery
2) By Type: Planting Machinery; Fertilizing Machinery
3) By Design: Automatic; Mechanical
Companies Mentioned: AGCO Corporation; Bourgault Industries Ltd.; Bucher Industries AG; CLAAS KGaA mbH; CNH Industrial N.V.
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery format: PDF, Word and Excel Data Dashboard.

Executive Summary

Planting machines encompass various types of machinery, equipment, and devices used in industrial activities. These machines serve important roles in planting and fertilizing processes.

The primary categories of planting machines include planting machinery and fertilizing machinery. Planting machinery refers to equipment, devices, machinery, pipelines, or telecommunication towers that are anchored to the earth using foundations or structural support. These machines are used for making outward supplies and include foundation and structural supports. The machinery used in planting includes seed drills, planters, air seeders, and various other types of equipment. These machines can have automatic or mechanical designs, depending on their intended application and technology.

The planting machines market research report is one of a series of new reports from The Business Research Company that provides planting machines market statistics, including planting machines industry global market size, regional shares, competitors with a planting machines market share, detailed planting machines market segments, market trends and opportunities, and any further data you may need to thrive in the planting machines industry. This planting machines market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

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 observed during the historical period can be attributed to several factors, including the increased mechanization of farming processes, growing environmental concerns related to sustainable agriculture practices, farm consolidation leading to larger agricultural operations, and government subsidies and incentives that promote the adoption of modern planting machinery. These factors have contributed to the expansion of the planting machine industry.

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 anticipated growth in the forecast period can be attributed to several significant factors, including the increasing adoption of precision agriculture techniques, a growing emphasis on sustainability and conservation in farming practices, the challenges posed by global population growth and climate change, and the continued adoption of autonomous technology in agriculture. Notable trends expected in this forecast period encompass the proliferation of smart and autonomous machinery in planting and farming operations, the integration of variable rate technology (VRT) for optimized resource management, ongoing mechanical innovations in planting machinery, and the development of digital platforms and connectivity solutions to enhance efficiency and data-driven decision-making in agriculture.

The workforce shortage in the agriculture sector is expected to be a driving force behind the growth of the planting machines market. Factors such as increased urbanization and higher literacy rates have led to a reduced pool of available labor for farming activities. For example, according to data from the National Bureau of Statistics in China, the rural population has decreased by 23% over the past two decades. Additionally, a 2021 Farm Journal Labor Survey revealed that nearly two-thirds (66%) of respondents reported having some or a lot of difficulty finding suitable employees, a significant increase from 30% in 2020. The same survey indicated that it is more challenging for most farm employers (87%) to fill positions compared to agricultural retailers (91%).

The increasing size of farms is expected to drive the planting machines market in the foreseeable future. Larger farms, defined as areas of land and associated buildings primarily used for food production, have become more common. Planting machines play a vital role in optimizing agricultural processes by efficiently planting seeds at consistent depths and intervals, leading to improved crop yields on these larger farms. As an example, data from the United States Department of Agriculture in February 2022 revealed that the average farm size in the USA had increased to 445 acres in 2021, a slight rise from 444 acres in 2020. Consequently, the expansion of farm sizes is a significant factor fueling the planting machines market.

The alternative food production methods are anticipated to hinder the planting machine market. Emerging techniques like hydroponics, aeroponics, vertical farming, and lab-grown food have gained popularity and are expected to further grow in the forecast period as alternatives to traditional agricultural methods. For instance, Future Farms, a Chennai-based startup, has achieved a 90% reduction in water consumption through hydroponic farming while increasing yields by approximately four times. These alternative methods offer high yields with reduced land and water requirements, addressing concerns related to arable land scarcity and water scarcity, which can act as a significant restraint on the growth of the planting machines market.

Major players in the market are focusing on introducing advanced technologies to reduce costs and increase production. These companies are incorporating drones for planting seeds, which not only address labor shortages but also enhance productivity. For instance, in February 2023, HevenDrones, an Israel-based drone manufacturer, launched the H2D55, a new hydrogen-powered drone designed for commercial use in agriculture. This drone is employed for scouting, fertilizing, spraying, and seeding.

Major companies operating in the planting machines market are introducing new seed drills, such as the 2000-litre drill, to boost their revenue. The 2000-litre drill is a seed drill equipped to empower farmers to sow companion crops or a combination of grain and fertilizer. For example, in May 2023, KRM, a seed drill provider based in England, unveiled the 2000-litre seed drill, featuring the integration of the Sola Aura front hopper with the rear-mounted Seed Ramp tine coulter frame. It offers options for single-product supply with a unique metering unit or a dual metering unit for ½ width shut-off. The drill is electrically driven and incorporates complete ISObus control, including 2+2 tramline shut-off and speed monitoring. Additionally, it features a lightweight space frame chassis, making it compatible with lower horsepower tractors, ultimately leading to cost savings and reduced seedbed weight.

In January 2023, LEMKEN, a Germany-based manufacturer and supplier of agricultural implements, completed the acquisition of Equalizer for an undisclosed sum. This acquisition aimed to significantly expand LEMKEN's offerings in seeding technology by leveraging Equalizer's expertise in precision planters and seed drills. Equalizer, a South Africa-based company, specializes in the design, manufacture, and distribution of planting and seeding equipment.

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 Industria de Implementos Agricolas, Rabe, Lemken GmbH & Co. KG, Pottinger Landtechnik GmbH, Farmet a.s., Strojirna Novotny s.r.o., DAWN Equipment Company

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

The countries covered in the planting machines market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada

The planting machines market consists of sales of precision planters (row crops), grain drills, broadcasters, potato planters, vegetable planters, and others. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Product Code: r9213

1. Executive Summary

2. Planting Machines Market Characteristics

3. Planting Machines Market Trends And Strategies

4. Planting Machines Market - Macro Economic Scenario

4.1. Impact Of High Inflation On The Market
4.2. Ukraine-Russia War Impact On The Market
4.3. COVID-19 Impact On The Market

5. Global Planting Machines Market Size and Growth

5.1. Global Planting Machines Market Drivers and Restraints
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints Of The Market
5.2. Global Planting Machines Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)
5.3. Global Planting Machines Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

6. Planting Machines Market Segmentation

6.1. Global Planting Machines Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Planting Machinery
Fertilizing Machinery
6.2. Global Planting Machines Market, Segmentation By Machinery, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Seed Drill
Planters
Air Seeders
Other Machinery
6.3. Global Planting Machines Market, Segmentation By Design, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Automatic
Mechanical

7. Planting Machines Market Regional And Country Analysis

7.1. Global Planting Machines Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
7.2. Global Planting Machines Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8. Asia-Pacific Planting Machines Market

8.1. Asia-Pacific Planting Machines Market Overview
Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Planting Machines Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.3. Asia-Pacific Planting Machines Market, Segmentation By Machinery, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.4. Asia-Pacific Planting Machines Market, Segmentation By Design, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

9. China Planting Machines Market

9.1. China Planting Machines Market Overview
9.2. China Planting Machines Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.3. China Planting Machines Market, Segmentation By Machinery, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.4. China Planting Machines Market, Segmentation By Design, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

10. India Planting Machines Market

10.1. India Planting Machines Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.2. India Planting Machines Market, Segmentation By Machinery, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.3. India Planting Machines Market, Segmentation By Design, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11. Japan Planting Machines Market

11.1. Japan Planting Machines Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.2. Japan Planting Machines Market, Segmentation By Machinery, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.3. Japan Planting Machines Market, Segmentation By Design, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12. Australia Planting Machines Market

12.1. Australia Planting Machines Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.2. Australia Planting Machines Market, Segmentation By Machinery, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.3. Australia Planting Machines Market, Segmentation By Design, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13. Indonesia Planting Machines Market

13.1. Indonesia Planting Machines Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.2. Indonesia Planting Machines Market, Segmentation By Machinery, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.3. Indonesia Planting Machines Market, Segmentation By Design, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14. South Korea Planting Machines Market

14.1. South Korea Planting Machines Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.2. South Korea Planting Machines Market, Segmentation By Machinery, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.3. South Korea Planting Machines Market, Segmentation By Design, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15. Western Europe Planting Machines Market

15.1. Western Europe Planting Machines Market Overview
15.2. Western Europe Planting Machines Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.3. Western Europe Planting Machines Market, Segmentation By Machinery, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.4. Western Europe Planting Machines Market, Segmentation By Design, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16. UK Planting Machines Market

16.1. UK Planting Machines Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.2. UK Planting Machines Market, Segmentation By Machinery, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.3. UK Planting Machines Market, Segmentation By Design, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17. Germany Planting Machines Market

17.1. Germany Planting Machines Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.2. Germany Planting Machines Market, Segmentation By Machinery, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.3. Germany Planting Machines Market, Segmentation By Design, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18. France Planting Machines Market

18.5. France Planting Machines Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.6. France Planting Machines Market, Segmentation By Machinery, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.7. France Planting Machines Market, Segmentation By Design, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19. Italy Planting Machines Market

19.9. Italy Planting Machines Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.10. Italy Planting Machines Market, Segmentation By Machinery, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.11. Italy Planting Machines Market, Segmentation By Design, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20. Spain Planting Machines Market

20.13. Spain Planting Machines Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.14. Spain Planting Machines Market, Segmentation By Machinery, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.15. Spain Planting Machines Market, Segmentation By Design, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21. Eastern Europe Planting Machines Market

21.1. Eastern Europe Planting Machines Market Overview
21.2. Eastern Europe Planting Machines Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.3. Eastern Europe Planting Machines Market, Segmentation By Machinery, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.4. Eastern Europe Planting Machines Market, Segmentation By Design, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22. Russia Planting Machines Market

22.1. Russia Planting Machines Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.2. Russia Planting Machines Market, Segmentation By Machinery, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.3. Russia Planting Machines Market, Segmentation By Design, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23. North America Planting Machines Market

23.1. North America Planting Machines Market Overview
23.2. North America Planting Machines Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.3. North America Planting Machines Market, Segmentation By Machinery, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.4. North America Planting Machines Market, Segmentation By Design, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24. USA Planting Machines Market

24.1. USA Planting Machines Market Overview
24.2. USA Planting Machines Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.3. USA Planting Machines Market, Segmentation By Machinery, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.4. USA Planting Machines Market, Segmentation By Design, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25. Canada Planting Machines Market

25.1. Canada Planting Machines Market Overview
25.2. Canada Planting Machines Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.3. Canada Planting Machines Market, Segmentation By Machinery, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.4. Canada Planting Machines Market, Segmentation By Design, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26. South America Planting Machines Market

26.1. South America Planting Machines Market Overview
26.2. South America Planting Machines Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.3. South America Planting Machines Market, Segmentation By Machinery, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.4. South America Planting Machines Market, Segmentation By Design, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27. Brazil Planting Machines Market

27.1. Brazil Planting Machines Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.2. Brazil Planting Machines Market, Segmentation By Machinery, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.3. Brazil Planting Machines Market, Segmentation By Design, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28. Middle East Planting Machines Market

28.1. Middle East Planting Machines Market Overview
28.2. Middle East Planting Machines Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.3. Middle East Planting Machines Market, Segmentation By Machinery, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.4. Middle East Planting Machines Market, Segmentation By Design, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29. Africa Planting Machines Market

29.1. Africa Planting Machines Market Overview
29.2. Africa Planting Machines Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.3. Africa Planting Machines Market, Segmentation By Machinery, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.4. Africa Planting Machines Market, Segmentation By Design, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

30. Planting Machines Market Competitive Landscape And Company Profiles

30.1. Planting Machines Market Competitive Landscape
30.2. Planting Machines Market Company Profiles
- 30.2.1. AGCO Corporation
  - 30.2.1.1. Overview
  - 30.2.1.2. Products and Services
  - 30.2.1.3. Strategy
  - 30.2.1.4. Financial Performance
- 30.2.2. Bourgault Industries Ltd.
  - 30.2.2.1. Overview
  - 30.2.2.2. Products and Services
  - 30.2.2.3. Strategy
  - 30.2.2.4. Financial Performance
- 30.2.3. Bucher Industries AG
  - 30.2.3.1. Overview
  - 30.2.3.2. Products and Services
  - 30.2.3.3. Strategy
  - 30.2.3.4. Financial Performance
- 30.2.4. CLAAS KGaA mbH
  - 30.2.4.1. Overview
  - 30.2.4.2. Products and Services
  - 30.2.4.3. Strategy
  - 30.2.4.4. Financial Performance
- 30.2.5. CNH Industrial N.V
  - 30.2.5.1. Overview
  - 30.2.5.2. Products and Services
  - 30.2.5.3. Strategy
  - 30.2.5.4. Financial Performance

31. Global Planting Machines Market Competitive Benchmarking

32. Global Planting Machines Market Competitive Dashboard

33. Key Mergers And Acquisitions In The Planting Machines Market

34. Planting Machines Market Future Outlook and Potential Analysis

34.1 Planting Machines Market In 2028 - Countries Offering Most New Opportunities
34.2 Planting Machines Market In 2028 - Segments Offering Most New Opportunities
34.3 Planting Machines Market In 2028 - Growth Strategies
34.3.1 Market Trend Based Strategies
34.3.2 Competitor Strategies

35. Appendix

35.1. Abbreviations
35.2. Currencies
35.3. Historic And Forecast Inflation Rates
35.4. Research Inquiries
35.5. The Business Research Company
35.6. Copyright And Disclaimer