DUBLIN--(BUSINESS WIRE)--The "Planting Equipment - Global Market Outlook (2017-2026)" report has been added to ResearchAndMarkets.com's offering.
The Global Planting Equipment Market accounted for $13.8 billion in 2017 and is expected to reach $27.3 billion by 2026 growing at a CAGR of 7.9% during the forecast period.
The growth of this market is mainly driven by improved usage of mechanization in the agriculture industry to increase the yield, reducing arable land for agriculture, less availability of skilled labor and rising adoption of contract farming. In addition increased government subsidies and recent technological developments are some of the other factors favouring the market growth.
However, lack of awareness among farmers in emerging countries about upcoming technologies & usage of mechanization, and small & fragmented land holdings in developing countries are restraining the market growth.
In 2016, mechanical equipment segment dominated the planting equipment market with maximum share owing to its easy availability, simple design and low maintenance cost of these equipment. However, automatic equipment segment is projected to grow at the highest CAGR during the forecast period due to increasing adoption of advanced technologies such as GPS and hydraulic & pneumatic suspensions in this equipment.
By equipment type, seed drills segment dominated the global planting equipment market as they are less expensive, and its usage in cultivating all crop types. The air seeders segment is projected to grow at the highest CAGR during the forecast period. Increased usage of contract farming operated on large farmlands will lead to more usage of air seeders.
- Seedmaster Manufacturing Inc.
- Kinze Manufacturing, Inc.
- AGCO Corporation
- Stara S/A Industria De Implementos Agricolas.
- Bourgault Industries Ltd.
- Kasco Manufacturing Co., Inc.
- Seed Hawk Inc.
- Case IH
- Morris Industries Ltd.
- Deere & Company
- Buhler Industries Inc.
- Same Deutz-Fahr S.P.A.
- Mahindra & Mahindra Limited (M&M)
For more information about this report visit https://www.researchandmarkets.com/research/fp228r/global_planting?w=4