The
global planting equipment market and the
market is poised to grow by USD 4.28 billion during 2020-2024 at a CAGR of over
6% during the forecast period.
The growing emphasis on farm mechanization along with funding for the
rising deployment of equipment and technologies for precision farming is
anticipated to boost the growth of the market.
Various government and non-government bodies around the globe are
introducing several initiatives to improve agricultural practices and
productivity. Governments are providing subsidies to farmers to purchase
agricultural machinery and equipment, including planting equipment. In
addition, they are promoting the use of advanced technologies and mechanized
equipment even in small household farms. They are offering agricultural loans
and funds to support young farmers to start their own farm businesses. Thus,
the growing emphasis on farm mechanization is expected to drive market growth
during the forecast period.
Buy 1 Technavio report and get the
second for 50% off. Buy 2 Technavio reports and get the third for free.
Major Five Planting Equipment Market Companies:
AGCO Corp.
AGCO Corp. is headquartered in the US and operates the business under
various segments such as Tractors, Replacement parts, Grain storage and protein
production systems, Combines, Application equipment, and Other machinery. The
company offers a range of planters such as 9500VER Series Flex-Frame Planters
and 9200VE Series Planters.
Bourgault Industries Ltd.
Bourgault Industries Ltd. is headquartered in Canada and offers products
through the following business units: Air seeders, Air drills, Tillage, MRB and
MRS fertilizer applicators, Harrows and packers, Fertilizer application
systems, and Grain carts. The company offers a range of products such as 6000
Series Air Seeders and 7000 Series Air Seeders.
Bucher Industries AG
Bucher Industries AG is headquartered in Switzerland and operates under
various business segments, namely Bucher Industries AG, Bucher Municipal,
Bucher Hydraulics, Bucher Emhart Glass, and Bucher Specials. The company offers
a range of seed drills such as 9400 Series and 5200 Series.
CLAAS KGaA mbH
CLAAS KGaA mbH is headquartered in Germany and offers products through
the following business segments: Combines, Forage harvesters, Telehandlers,
Balers, Forage harvesting machinery, and Transplanter. The company offers a
range of transplanters such as PADDY PANTHER 14 and PADDY PANTHER 26.
CNH Industrial NV
CNH Industrial NV is headquartered in the Netherlands and UK and offers
products through the following business segments: Agricultural Equipment,
Construction Equipment, Commercial Vehicles, Powertrain, and Financial
Services. The company offers a range of air hoe drills such as New Holland
P2000 series air drills.
No comments:
Post a Comment