Global Planting Equipment Market 2020-2024| Evolving Opportunities with AGCO Corp. and Bourgault Industries Ltd.

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. 

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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.

Analysis on New Product Launches in COVID-19 Related Markets-Global Automotive Parking Heater Market 2020-2024 | Increase in Demand for Luxury Cars to Boost Market Growth

The automotive parking heater market is expected to grow by 5.36 million units during 2020-2024. The report also provides the market impact and new opportunities created due to the COVID-19 pandemic. The impact can be expected to be significant in the first quarter but gradually lessen in subsequent quarters – with a limited impact on the full-year economic growth according to the latest market research report by Technavio.

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Modern luxury vehicles include several advanced safety features, pre-tension brakes, and entertainment and comfort features such as parking heaters. Luxury car manufacturers are also focusing on providing these advanced safety and comfort features in economy cars. Several luxury car makers, such as BMW, Porsche, and Mercedes-Benz, are downsizing their cars and making them more affordable. In addition, the demand for luxury cars is growing in emerging economies, such as China and India, due to the stable economic conditions and an increase in disposable incomes of consumers. Such growth in demand for luxury cars is expected to drive the growth of the market.

As per Technavio, the growing popularity of mobile apps and connectivity solutions will have a positive impact on the market and contribute to its growth significantly over the forecast period. This research report also analyzes other significant trends and market drivers that will influence market growth over 2020-2024.

Automotive Parking Heater Market: Growing Popularity of Mobile Apps and Connectivity Solutions

The growing popularity of mobile apps and connectivity solutions is expected to be one of the key trends in the automotive parking heater market. App-based services help users to remotely access their vehicle and charge batteries, operate music system, and set up the destination for travel. Smartphones and data connectivity with app-based services also make vehicles more user friendly. For instance, BMW’s connected and mini connected iOS app allows access to Facebook and Twitter, and supports Google map-based navigation system in the cars. The mini version also plays music according to the driving behavior. This app can activate the parking heater to set the interior temperature of the car. The convenience of these app-based services is expected to boost the automotive parking heater market.

Automotive Parking Heater Market: Segmentation Analysis

This market research report segments the automotive parking heater market by end-user (aftermarket and OEMs) and geography (North America, Europe, APAC, South America, and MEA).

The North American region led the automotive parking heater market in 2019, followed by Europe, APAC, South America, and MEA respectively. During the forecast period, the North American region is expected to register the highest incremental growth due to factors such as the increasing demand for luxury cars, extreme climatic conditions and anti-idling laws.

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