Planting Equipment Market Forecasts to 2028 – Global Analysis By Product (Planters, Air Seeders, Seed Drills, Transplanters, Broadcast Seeders, Box Drill Seeders and Other Products), Design (Mechanical and Automatic), Crop Type, Application and By Geograp

Planting Equipment Market Forecasts to 2028 – Global Analysis By Product (Planters, Air Seeders, Seed Drills, Transplanters, Broadcast Seeders, Box Drill Seeders and Other Products), Design (Mechanical and Automatic), Crop Type, Application and By Geography

According to Stratistics MRC, the Global Planting Equipment Market is accounted for $21.44 billion in 2022 and is expected to reach $30.88 billion by 2028 growing at a CAGR of 6.2% during the forecast period. Planting equipment is contemporary machinery intended specifically for the processes of harvesting, threshing, sowing, and planting. It is a push-type device that is manually controlled for scattering medium- and large-sized seeds in a prepared seedbed. Planting machinery offers uniformity in less time. The use of planting equipment has simplified, made the job easier, and increased output significantly. Automation has significantly increased productivity and efficiency in the agricultural sector.

Market Dynamics

Driver

Raising demand for modern agriculture

Farmers are being compelled to purchase agricultural planting equipment since the transition from conventional farming practices to more sophisticated farming equipment may significantly minimize the need for manual labor and aid to boost efficiency, product production, and quality. The use of technology tools like seeding and harvesting equipment is greatly enhancing modern agriculture, and as these tools become more widely adopted, it is anticipated that sales of agricultural planting equipment will increase.

Restraint

Lack of consolidated agricultural lands

Due to poverty, poor per-person output, and rising landlessness, there are less agricultural areas available. Vegetation changes result from changes in land cover, which also result in the elimination of the typical agricultural landscape. Because of this, the farmer restricts the diversity of crops. There is minimal opportunity for harvest after each cycle since the farmland is not given enough time to recover from the current crop season. The market for planting equipment is being severely hampered by the absence of consolidated agricultural areas, which restricts operations and lowers agricultural output.

Opportunity

Technological advancements

Farmers gain enormously from the technological improvements made in planting and harvesting equipment, such as big data, AI, the internet of things, and other technologies. Farmers are encouraged and required to adopt technology-enabled farming items such as tractors with GPS software, telematics, and sales projections after being made aware of the benefits and applications of these technologies. The global market for agricultural equipment is driven by massive innovation, financial investment, and the spread of various agricultural technologies.

Threat

High price of the equipment

Planters cost a lot to produce because of the labor, shipping, and wage costs. Recent inflation and problems with the supply chain have made these prices even more expensive. These designer planters cost more because of the ingenuity, craftsmanship, and assembly required for creating them. It is anticipated that the high cost of some modern equipment and the low acceptance rate of these equipments, particularly in emerging countries, would restrain the market expansion.

Covid-19 Impact

Several products in the planting equipment sector were ceased to be accomplished as a result of the COVID-19 epidemic. Due to the entire lockdown occurring worldwide, makers of planting equipment must alter their investment plans. For a few weeks, a number of market participants stopped producing in order to save costs. In order to respond to urgent emergencies and establish new methods of working after pandemic, plant equipment makers are expected to concentrate on protecting their employees, operations, and supply networks.

The seed drills segment is expected to be the largest during the forecast period

The seed drills segment is estimated to have a lucrative growth. A tractor-driven equipment called a seed drill is used to plant seeds for crops by placing them in the ground and burying them to a particular depth. This guarantees that seeds will be dispersed uniformly. It evenly distributes the seeds in a continuous stream in the furrows. Seed drills also assist in getting rid of weeds during the actual sowing process. Its advantages, including correct seeding depth, full soil covering, and seed protection from birds, have spurred up the demand.

The mechanical segment is expected to have the highest CAGR during the forecast period

The mechanical segment is anticipated to witness the fastest CAGR growth during the forecast period, due to its reasonable price. The mechanical agriculture planting equipments are more sustainable in small to medium farmlands. They lower labor expenses and health risks associated with drigery. It promotes industrial-scale farming and raises in-Farm revenue. The need for automated agricultural planting equipment is also anticipated to increase as farming techniques progress and smart farming receives more attention.

Region with largest share

North America is projected to hold the largest market share during the forecast period. The North American market is anticipated to be driven by the region's well-established agriculture industry and the simplicity with which these items are accessible with regard to the existence of significant market participants. The region's widespread use of automated farming techniques and lucrative plans for foreign direct investment in agriculture are expected to have a beneficial influence on market expansion.

Region with highest CAGR

Asia Pacific is projected to have the highest CAGR over the forecast period. The Asia Pacific agricultural planting equipment market is expected to be impacted by the rising focus on sustainable farming methods and the use of modern planting equipments to provide an optimal yield quantity for the region's rapidly expanding population. Many well-known firms are starting their expansion in the Asian market in order to broaden their customer base, which is predicted to have a positive effect on market growth.

Key players in the market

Some of the key players profiled in the Planting Equipment Market include Mahindra & Mahindra Ltd, Dawn Equipment Company, Bourgault Industries Ltd, Deere & Company, AGCO Corporation, SEED HAWK, Davimac Manufacturing, Morris Equipment Ltd, Buhler Industries Inc, Visser Horti Systems, Kinze Manufacturing, Inc., Zoomlion Heavy Industry Science & Technology Co, Kasco Manufacturing Co, Stara S/A Industria De Implementos Agricolas, Case IH and Seedmaster Manufacturing Inc.

Key Developments

In January 2023, Deere Company revealed two new technologies, ExactShot™ and an electric excavator that will help Deere's customers be more productive, profitable, and sustainable.

In November 2022, Mahindra & Mahindra launched the first dedicated farm machinery plant in Pithampur. Mahindra’s new farm machinery plant is strategically situated with access to a diverse supplier base, enabling the company to manufacture durable, high-quality, affordable and accessible ‘Made in India, for India’ farm machinery, marketed in both the Mahindra & Swaraj brands.

In March 2021, AGCO announced direct connection with Solinftec to provide AGCO customers groundbreaking operational insights. This joint solution reduces idle time, increasing revenue-generating activities and the quality of service to farmers.

Products Covered
• Planters
• Air Seeders
• Seed Drills
• Transplanters
• Broadcast Seeders
• Box Drill Seeders
• Other Products

Designs Covered
• Mechanical
• Automatic

Crop Types Covered
• Cereals & Grains
• Oilseeds & Pulses
• Fruits & Vegetables
• Turf & Turf Grass
• Other Crop Types

Applications Covered
• Harvesting
• Threshing
• Sowing
• Planting

Regions Covered
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa

What our report offers
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities,Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements