Overview and Scope
Planting machines refer to any type of machinery, equipment, and apparatus used for industrial activity.
Sizing and Forecast
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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Segmentation & Regional Insights
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 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
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Major Driver Impacting Market Growth
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%).
Key Industry Players
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
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