Market Overview:

Planting Equipment Market was worth USD 17.53 billion in 2019 and estimated to be growing at a CAGR of 6.2%, to reach USD 23.68 billion by 2024. Plant equipment is generally towed behind a tractor that assists in the sowing of seeds. It is connected to a tractor, and the seeds are sown in along the rows. Plant equipment varies in size, with the biggest one being the 48-row John Deere DB120. The row units are placed uniformly along with the material at intervals, which differ from crop to crop.

Market Drivers and Restraints:

The major factors which drive the growth of planting equipment market are automation in the agriculture sector to augment the yield, decreasing the arable area for agriculture, reduced availability of labor, and prevalence of contract farming in the planting equipment market. However, lack of awareness and high cost are the few challenges faced by this market.

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Report segmented as

By Design:

Automatic
Mechanical
By Type:

Air Seeders
Seed Drills
Planters
By Application:

Cereals & Grains
Oilseeds & Pulses
Fruits & Vegetables
Geographical Analysis:

The market has also been geographically divided into North America, Europe, Asia-Pacific, the Middle East and Africa, and Latin America. As of 2016, Europe was the world leader in the sowing equipment market. However, the Asia-Pacific region is expected to grow more during the forecast period due to several factors, such as a greater emphasis on the agricultural industry for high-value goods and the increase of cereal production in the country.

Important Market Players:

This market is extremely disjointed with numerous big and developing players operating in the business. The major companies dominating the global Planting Equipment Market are Deere & Company, AGCO Corporation, Buhler Industries, Inc., Kinze Manufacturing, Inc., SeedMaster Manufacturing Ltd., and Morris Industries Ltd.

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The Scope of the report:

This report offers the current product and services market evaluation and the future estimation of the market. It helps us understand the market better through size anticipation and CAGR calculation to estimate the next market. It has a broader segmentation for better understanding of the enterprising of the market at a low level by segregating the market into smaller sectors.

About Us:

Market Data Forecast is a firm working in the areas of market research, business intelligence, and consulting. We have rich experience in research and consulting for various business domains to cater to the needs of both individual and corporate clients.

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