Global agricultural planting and fertilizing machinery market is expected to register a CAGR of 4.6% during the forecast period (2018 – 2023). Europe is likely to grow at a faster CAGR, due to its increasing orders for agricultural machineries from domestic as well as international. According to the European Committee of Farm Machinery Manufacturers Associations (CEMA), in 2017, Europe (EU) agricultural machinery market has seen growth of 4% from 2016 and also anticipates to see the growing trend during the forecast period.
Therefore, EU is likely to see potential growth for planting and fertilizing machineries in the coming five years, owing to the growing factors like improving agricultural productivity through mechanization and labor shortage. However, North America is likely to cover a major share in the planting and fertilizing machinery markets compared to Europe during forecast period, owing to the high land mass and extensive, large-scale farming practices.
Agricultural Planting And Fertilizing Machinery Market Major players: Deere & Company (John Deere), CNH Industrial , AGCO Corporation , CLAAS, Mahindra Tractors , Kubota Corporation , Highway Equipment (New Leader), Kuhn Group, Lanco Equipment, Amazone Ltd., Yanmar Company Limited, etc.
Global Agricultural Planting And Fertilizing Machinery Market, Segmented By Machinery Type: Planting Machinery , Seed Drills, Planters/ Transplanters, Broadcast Spreaders, Drop Spreaders, Fertilizing Machinery, Sprayers (liquid fertilizer), Manure Spreaders, Others.
Increasing Precision Farming:
After the inclusion of tractors and combine harvesters in farm mechanization, spreaders and seed drills machineries have further mechanized tasks like soil fertilization and crop planting respectively. While tractors and combine harvesters are commonplace across the globe, planting, and fertilizing machinery will further reduce manual intervention in agriculture. Apart from increasing efficiency, mechanization in fertilization and planting also increase precision.
Technological innovation and precision farming are some of the areas that can be exploited for future opportunities. Besides a huge scope of development, the major constraints the sector is facing are low commodity prices and expensive machineries resulted in less affordability of machineries from farmers. These factors affect the growth of the agriculture sector; thus, affecting the growth of the planting and fertilizing machinery market
- January 2017: Kubota Corporation has launched new autonomous rice transplanter which automatically plant seeds in eight rows at a one go and is expected to attract large size farmers in the future..
Regions Covered in this report are as Follows:
United States, North America (Canada and Mexico), Europe (Germany, France, UK, Russia and Italy), Asia-Pacific (China, Japan, Korea, India and Southeast Asia), South America (Brazil, Argentina, Columbia etc.), Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa), RoW (Rest of World).
Reasons to Purchase this Report:
- The report analyses how the stringent emission control norms will drive the global Agricultural Planting And Fertilizing Machinery market.
- Analyzing various perspectives of the market with the help of Porters five forces analysis.
- Study on the product type that is expected to dominate the Agricultural Planting And Fertilizing Machinery Market.
- Study on the regions that are expected to witness fastest growth during the forecast period.
- Identify the latest developments, market shares and strategies employed by the major players of Agricultural Planting And Fertilizing Machinery Market.
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