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.
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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.
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