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Report Highlights
The global market for planting equipment is estimated to increase from $22.3 billion in 2023 to reach $30.1 billion by 2028, at a compound annual growth rate (CAGR) of 6.1% from 2023 through 2028.
Report Includes
- 44 data tables and 36 additional tables
- An overview of the global market for planting equipment
- Analyses of global market trends, with data from 2022, estimates for 2023 and projections of compound annual growth rates (CAGRs) through 2028
- Characterization and quantification of market potential for planting equipment market based on equipment type, crop type, farm size, and region
- Discussion on market driving forces such as increasing demand for food due to population growth, advancements in technology, and government support for modernizing agricultural practices
- Detailed description of major technology and equipment such as precision planting technology, variable rate technology and autonomous planting equipment and discussion on how they use artificial intelligence and advanced sensors for their operations
- Information on recent mergers, acquisitions, collaborations, agreements, partnerships, product launches, and expansions in the market and a relevant patent analysis
- Detailed company profiles of major players in the market, including Buhler Industries Inc., Deere & Co., Escorts Kubota Ltd., Kubota Corp., Mahindra & Mahindra Ltd., and SDF Group
Report Scope
This report incorporates an in-depth analysis of the planting equipment market, including market estimations and trends through 2028. This report focuses on estimating the market for planting equipment, covering power source, crop type, equipment type and application. Major players, competitive intelligence, systems and technologies, market dynamics and regional opportunities are discussed in detail. This report examines recent developments and product portfolios of major players. This report presents a market analysis and estimates the planting equipment’s compound annual growth rate (CAGR).
This report segments the global market into: North America, Europe, Asia-Pacific, Middle East and Africa and Latin America. For market estimates, data is provided for 2022 as the base year, 2023, and forecast through year-end 2028.
This report discusses the major players across each regional planting equipment market. It explains the major drivers and regional dynamics of the global planting equipment market and current trends within the industry. This report concludes with a particular focus on the vendor landscape and includes detailed profiles of the major vendors in the market.
Report Synopsis
| Report Metrics | Details | ||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Base year considered | 2022 | ||||||||||||||||||||||
| Forecast period considered | 2023-2028 | ||||||||||||||||||||||
| Base year market size | $21.4 billion | ||||||||||||||||||||||
| Market size forecast | $30.1 billion | ||||||||||||||||||||||
| Growth rate | CAGR of 6.1% for the forecast period of 2023-2028 | ||||||||||||||||||||||
| Units considered | $ Millions | ||||||||||||||||||||||
| Segments covered | power source, crop type, equipment type, application, region, and country | ||||||||||||||||||||||
| Regions covered | North America, Europe, Asia-Pacific, Middle East and Africa, and Latin America | ||||||||||||||||||||||
| Countries covered | U.S., Canada, France, Germany, U.K., Italy, Spain, Netherlands, China, India, Japan, Indonesia, Philippines, Nigeria, Saudi Arabia, South Africa, Mexico, Brazil, Mexico, Argentina and Brazil | ||||||||||||||||||||||
| Key Market Drivers |
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| Companies studied |
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Frequently Asked Questions (FAQs)
- Need for improved crop productivity and yield
- Technological advancements and innovation in planting equipment
- Increasing adoption of precision agriculture practices
- Rising focus on sustainability and environmentally-friendly farming
- Farm mechanization and labor shortages
Analyst Credentials
Kunal R. Nagpure– Consultant-Food & Beverage Research
Kunal Nagpure is an accomplished market researcher with over eight years of experience in the F&B, Environment, and Agriculture markets. He is passionate about using his knowledge to help clients make data-driven decisions and achieve their business objectives. With a keen eye for detail and a strong analytical mindset, Kunal has delivered numerous successful research projects that have enabled clients to gain a competitive edge in their respective markets. Academically, Kunal holds a master’s degree in Marketing and Operations and a bachelor’s degree in Biotech Engineering.
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