The report "Planting Equipment Market by Type (Air Seeders, Seed Drills, Planters), Design (Automatic and Mechanical), Crop Type (Cereals & Grains, Oilseeds & Pulses, Fruits & Vegetables), and Region - Global Forecast to 2022", The planting equipment market is estimated at USD 15.82 Billion in 2017, and is projected to reach USD 21.43 Billion by 2022, at a CAGR of 6.27% during the forecast period. The primary factors driving the planting equipment market are mechanization in the agriculture industry to increase the yield, reducing arable land for agriculture, less availability of skilled labor, and adoption of contract farming in the planting equipment market.
The planting equipment market is segmented on the basis of type, design, crop type, and region. On the basis of type, the market is segmented into air seeders, seed drills, planters, and others (transplanters, broadcast seeders, and box drill seeders), among which the seed drills segment accounted for the largest market share in 2016. Seed drills are inexpensive and low in maintenance as compared to other types of seeders and planters. They are also compatible to small and medium sized farm land by acreage owing to which they are preferred.
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The planting equipment market, by design, is segmented into automatic and mechanical. The mechanical segment accounted for a larger market share in 2016. This is due to the affordability of the equipment that are mechanical in nature, and their greater suitability in small-to-mid ranged farm land, by acreage.
The planting equipment market, by crop type, is segmented into cereals & grains, oilseeds & pulses, fruits & vegetables, and others (turf and turf grasses). The cereals & grains segment accounted for the largest market share in 2016, due to increase in the area under cultivation for cereals and grains across the globe and better agricultural practices adopted by the farmers which involves the usage of seed drills in planting the seeds.
The European region accounted for the largest market share, by region, in 2016, for the planting equipment market. The market in Europe is more wide spread among all the regions. The extensive R&D activities helped in the introduction of customized and crop-specific equipment. The distribution network of manufacturers is well-established in many countries. The government in many countries, as well as the regional bodies, have supported policies; for instance, Common Agricultural Policy (CAP) in Europe assists farmers to comply with sustainable agricultural practices by providing subsidies and financial aids to adhere to the strict regulations for agricultural products and equipment across Europe.
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The companies profiled for this report are Deere & Company (U.S.), AGCO Corporation (U.S.), Buhler Industries, Inc. (Canada), Kinze Manufacturing, Inc. (U.S.), Case IH Agricultural Equipment, Inc. (U.S.), Bourgault Industries Ltd. (Canada), Seed Hawk Inc. (Canada), SeedMaster Manufacturing Ltd. (Canada), Morris Industries Ltd. (Canada), Stara S/A Indústria de Implementos Agrícolas’ (Brazil), Kasco Manufacturing Co., Inc. (U.S.), and Davimac Pty. Ltd. (Australia).
