“The Global Planting Equipment Market is estimated at a high CAGR during the forecast period (2021-2028)”.
Planting equipment is a farm system this is used in agricultural fields to sow seeds. By the use of a planting device, the seeds are planted in precise rows. Manual hard work is minimized by way of planting machines. In agricultural programs, it’s far used for the seeding method. Planting equipment has replaced the traditional way of planting seeds. The call for planting gadgets is expected to be driven through the increase of automation and simplicity of use. Moreover, planting equipment lets us efficiently carry out farming work in a quick time. Growth in the farming industry is expected to enhance the call for a planting system.
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Growing emphasis on farm mechanization.
A sort of measures to boost farming techniques and merchandise are being delivered by various government and non-government bodies across the globe. Governments offer farmers subsidies for the purchase of agricultural machinery and gadget, inclusive of equipment for planting. In addition, additionally, in small household farms, inspire the use of superior technology and mechanized equipment. They provide farm loans and finances to help young farmers launch their very own farm organizations. The raising attention on farm mechanization could also contribute to an expansion of the global planting system.
In addition, the introduction of advanced generation into the planting systems has provided the enterprise with increase opportunities. Sophisticated technologies along with GPS and robotics grow the overall performance of gadgets to a substantial extent. The era permits the equipment to be controlled remotely, increasing the precision of farming. Sensors assist to provide reliable data on soil conditions and climate conditions, allowing farmers to improve yields. IoT’s incorporation with equipment is revolutionizing the agricultural industry. Remote gadgets that can be operated via wireless devices and smartphones minimize tour time and related charges. For example, Wipro announced the IoT deployment for JCB India Ltd. In January 2018. JCB’s Livelink telematics device has connected extra than 10,000 Indian clients with production machinery and gadget.
However, the decrease in the availability of agricultural land, the excessive price of planting devices, and the increase of the marketplace for second-hand machines may want to preclude the growth of the planting device industry over the forecast duration.
By Crop Type
Cereals & Grains
Oilseeds & Pulses
Fruits & Vegetables
The Middle East and Africa
The global planting equipment market is fragmented with the presence of several players across various regions. Some of the key players of the market are AGCO Corporation, Deere & Company, Kinze Manufacturing Inc, and Mahindra & Mahindra Ltd among others. The key players are focusing on strategies such as acquisitions, agreements, product launches, and geographical expansions. For instance, Mahindra & Mahindra Ltd has signed an agreement with Dewulf Group for the manufacture and marketing of potato planting equipment in India. In January 2020, Kinze Manufacturing Inc. announced the launch of the new 05 Series. The 05 Series planters are claimed to comprise several improvements to upsurge the wear life of many components and reduce the overall cost of ownership of the planter. In November 2019, CNH Industrial entered into two industry agreements with DKE Agrirouter and DataConnect to provide mixed fleet connectivity to agriculture equipment customers.