Planting and Fertilizing Machinery Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 3.50 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Planting and Fertilizing Machinery Market Analysis
The planting and fertilizing machinery market is projected to register a CAGR of 3.5% over the forecast period (2020-2025).
- Increasing tractorization in developing markets, such as India and China, is driving the adoption of planting and fertilizing machinery. These markets are constrained by high labor costs and need for improved efficiency in agricultural operations, driving farmers towards farm mechanization.
- Commodity prices have a huge role to play in the adoption of agricultural machinery. In an event of lower commodity prices, farmers postpone the purchase of new machinery. The review period has seen an upswing in commodity prices, especially post 2017. Firm commodity prices over the forecast period are expected to reflect in a robust growth rate for the planting and fertilizing machinery over the forecast period.
Planting and Fertilizing Machinery Market Trends
This section covers the major market trends shaping the Planting & Fertilizing Machinery Market according to our research experts:
Increased Area Under Zero Tillage Boosting the Growth of Seed Cum Fertilizer Drills
Zero tillage is a practice where the residues from the previous crop are retained for the start of the next season. This practice not only provides residual nutrition to the next crop but also prevents the formation of the hardpan in the sub-soil, which gets formed upon extensive tillage. The practice has been gaining popularity across North America and Europe. Seed Cum Fertilizer Drills are ideal equipment to use in zero tillage conditions. The equipment leaves minimal impact on the soil while saving time on using multiple equipment for seeding and fertilizing. Developing markets are also warming up to the practice of zero tillage. For instance, in the major wheat-growing belts of Northern India, the period between the harvesting of the rice crop and sowing of the wheat crop is very much limited and hence, farmers get limited time to till the soil. Farmers, thereby resort to the burning of the stubble of the rice crop, creating huge environmental issues related to air pollution. Organizations and companies are increasingly working with farmers to adopt zero tillage in wheat, in order to solve the time and agronomic issues. With increasing awareness about the environmental impact of stubble burning, Indian farmers are expected to adopt seed cum fertilizer drills over the forecast period.
North America Leads the Global Market
The North American region has been traditionally a market with a high degree of farm mechanization. Farms in the region are high on acreage, and this necessitates the usage of planting and fertilizing machinery for crop operations. The region also has the highest replacement rates of farm machinery across all regions around the globe. Technology has also played a huge role in farmers, switching to more technologically advanced agricultural machinery. For instance, GPS technology is an integral part of precision farming systems. Companies, such as Climate Corporation (part of Monsanto Company), have been developing products that adjust the dosage rates of fertilizers and even select the right variety of seed, based on expected weather for the crop season and soil fertility. Legacy equipment does not have the provision for the installation of these advanced systems and, hence, the adoption of new and advanced planting and fertilizing machinery would be a necessity. This trend is expected to continue into the future, and North America is expected to remain the largest market over the forecast period.
Planting and Fertilizing Machinery Industry Overview
The market for planting and fertilizing machinery is fragmented with the focus of top global players on technological advancements, while the local and regional players tend to focus on greater market penetration. One of the key competitive trends in the market is that the top players focus on the replacement market for planting and fertilizing machinery, while the regional and local players, with cheaper products in their portfolio, focus on emerging markets driven by increased adoption. The key players in the planting and fertilizing machinery market are Deere & Company, Claas Group, CNH Industrial NV, AGCO Corporation, and Kuhn Group, among others.
Planting and Fertilizing Machinery Market Leaders
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Deere & Company
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AGCO Corporation
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CNH Industrial NV
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CLAAS Group
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KUHN Group
*Disclaimer: Major Players sorted in no particular order
Planting and Fertilizing Machinery Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions & Market Definition
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
- 4.1 Market Overview
- 4.2 Market Drivers
- 4.3 Market Restraints
-
4.4 Porter's Five Forces Analysis
- 4.4.1 Bargaining Power of Suppliers
- 4.4.2 Bargaining Power of Buyers
- 4.4.3 Threat of New Entrants
- 4.4.4 Threat of Substitute Products
- 4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
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5.1 Type
- 5.1.1 Planting Machinery
- 5.1.1.1 Seed Drills
- 5.1.1.2 Planters & Transplanters
- 5.1.2 Fertilizing Machinery
- 5.1.2.1 Seed-cum-Fertilizer Drills
- 5.1.2.2 Fertilizer Spreaders
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5.2 Geography
- 5.2.1 North America
- 5.2.1.1 United States
- 5.2.1.2 Canada
- 5.2.1.3 Mexico
- 5.2.1.4 Rest of North America
- 5.2.2 Europe
- 5.2.2.1 Germany
- 5.2.2.2 United Kingdom
- 5.2.2.3 France
- 5.2.2.4 Spain
- 5.2.2.5 Russia
- 5.2.2.6 Italy
- 5.2.2.7 Rest of Europe
- 5.2.3 Asia-Pacific
- 5.2.3.1 China
- 5.2.3.2 India
- 5.2.3.3 Japan
- 5.2.3.4 Australia
- 5.2.3.5 Rest of Asia-Pacific
- 5.2.4 South America
- 5.2.4.1 Brazil
- 5.2.4.2 Argentina
- 5.2.4.3 Rest of South America
- 5.2.5 Africa
- 5.2.5.1 South Africa
- 5.2.5.2 Rest of Africa
6. COMPETITIVE LANDSCAPE
- 6.1 Most Adopted Strategies
- 6.2 Market Share Analysis
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6.3 Company Profiles
- 6.3.1 Deere & Company
- 6.3.2 AGCO Corporation
- 6.3.3 CNH Industrial NV
- 6.3.4 KUHN Group
- 6.3.5 CLAAS Group
- 6.3.6 Mahindra & Mahindra Limited
- 6.3.7 Yanmar Corporation
- 6.3.8 Lanco Equipment
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Planting and Fertilizing Machinery Industry Segmentation
The planting and fertilizing machinery market is segmented by type into planting machinery and fertilizing machinery. The planting machinery segment covers seed drills and planters and transplanters, while the fertilizing machinery segment covers seed cum fertilizer drills and fertilizer spreaders. The market is also segmented by geography to include the key trends in the top regional markets across North America, Europe, Asia-Pacific, South America, and Africa.
| Type | Planting Machinery | Seed Drills |
| Planters & Transplanters | ||
| Type | Fertilizing Machinery | Seed-cum-Fertilizer Drills |
| Fertilizer Spreaders | ||
| Geography | North America | United States |
| Canada | ||
| Mexico | ||
| Rest of North America | ||
| Geography | Europe | Germany |
| United Kingdom | ||
| France | ||
| Spain | ||
| Russia | ||
| Italy | ||
| Rest of Europe | ||
| Geography | Asia-Pacific | China |
| India | ||
| Japan | ||
| Australia | ||
| Rest of Asia-Pacific | ||
| Geography | South America | Brazil |
| Argentina | ||
| Rest of South America | ||
| Geography | Africa | South Africa |
| Rest of Africa |
Planting and Fertilizing Machinery Market Research FAQs
What is the current Planting and Fertilizing Machinery Market size?
The Planting and Fertilizing Machinery Market is projected to register a CAGR of 3.5% during the forecast period (2024-2029)
Who are the key players in Planting and Fertilizing Machinery Market?
Deere & Company, AGCO Corporation, CNH Industrial NV, CLAAS Group and KUHN Group are the major companies operating in the Planting and Fertilizing Machinery Market.
Which is the fastest growing region in Planting and Fertilizing Machinery Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Planting and Fertilizing Machinery Market?
In 2024, the North America accounts for the largest market share in Planting and Fertilizing Machinery Market.
What years does this Planting and Fertilizing Machinery Market cover?
The report covers the Planting and Fertilizing Machinery Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Planting and Fertilizing Machinery Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Planting and Fertilizing Machinery Industry Report
Statistics for the 2024 Planting and Fertilizing Machinery market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Planting and Fertilizing Machinery analysis includes a market forecast outlook 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
