The planting equipment simplifies the process of planting reducing human involvement. The shrinking arable land and problems associated with laborers working in farms is expected to drive market demand. The implementation of innovative agricultural practices is expected to boost market demand.
The global Planting Equipment market was valued at USD 14.91billion in 2016 and is projected to reach USD 25.41 billion by 2025, growing at a CAGR of 6.1% from 2017 to 2025.
1. Market Drivers
1.1 Increasing yield through mechanization
1.2 Labor Shortage
2. Market Restraints
2.1 Lack of awareness among farmers
2.2 Small and fragmented land holdings
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The global Planting Equipmentmarket is segmented on thetype, design, crop typeand region.
1. By Type:
1.2 Air Seeders
1.3 Seed Drills
2. By Design:
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3. By Crop Type:
3.1 Grains and Cereals
3.2 Pulses and Oilseeds
3.3 Vegetables and Fruits
4. By Region:
4.1 North America U.S., Canada, Mexico
4.2 Europe Germany, UK, France, Rest of Europe
4.3 Asia Pacific China, India, Japan, Rest of Asia Pacific
4.4 Latin America Brazil, Argentina, Rest of Latin America
4.5 Middle East & Africa
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The major players in the market are as follows:
2. Deere and Company
3. Kasco Manufacturing
4. AGCO Corporation
5. Stara S/A Industria De ImplementosAgricolas
6. Buhler Industries
7. Morris Industries Ltd.
8. Kinze Manufacturing
10. Case IH
11. Seed Hawk
12. Bourgault Industries Ltd.
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These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
Research Methodology of Planet Market Reports
Research study on the Planting Equipmentmarketwas performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
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