Market Size of Asia-Pacific Planting Machinery Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2019 - 2022 |
CAGR | 3.70 % |
Major Players*Disclaimer: Major Players sorted in no particular order |
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APAC Planting Machinery Market Analysis
The Asia Pacific planting machinery market is projected to grow at a CAGR of 3.7% during the forecast period (2020 - 2025). Planting machinery is a part of farm mechanization equipment and agricultural automation. Technological advancement with government subsidies, scarcity of farm labor, growing farm income, integration of precision farming, and widespread usage of tractors are the factors driving the sales of planting machinery. Increasing tractor demand 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. The major companies dominating the planting machinery market in the region for its products, services are John Deere, AGCO Corporation, Kuhn Group, YANMAR HOLDINGS CO. LTD, and Kverneland AS
APAC Planting Machinery Industry Segmentation
For the purpose of this report, the planting machinery used in agricultural operations has been considered. The report does not cover planting machinery used for industrial and construction purposes, or multi-purpose tractors, used for both agricultural and non-agricultural operations. The report contains a detailed analysis of various parameters of the Asia Pacific planting machinery market.
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Asia-Pacific Planting Machinery Market Size Summary
The Asia Pacific planting machinery market is experiencing growth driven by several key factors, including technological advancements, government subsidies, and the integration of precision farming. The scarcity of farm labor and the need for improved efficiency in agricultural operations are pushing farmers towards mechanization, particularly in developing markets like India and China. These countries are witnessing increased demand for tractors, which is further propelling the adoption of planting and fertilizing machinery. Major players in the region, such as John Deere, AGCO Corporation, Kuhn Group, YANMAR HOLDINGS CO. LTD, and Kverneland AS, are dominating the market through their products and services. Government initiatives, such as India's agricultural mechanization schemes and subsidies, are also playing a crucial role in supporting the market's expansion.
The market is moderately fragmented, with companies competing not only on product quality but also through strategic initiatives to capture larger market shares. The decline in agricultural employment rates and the reduction in agricultural land due to urbanization are contributing to the increased use of technology in agriculture, further boosting the demand for planting machinery. In Japan, planters are specifically used for larger seeds, enhancing seed planting accuracy and cropping frequency. The production of seed drills, planters, and transplanters has seen significant growth in the region, reflecting the ongoing trend towards mechanization and technological integration in agriculture.
Asia-Pacific Planting Machinery Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.3 Market Restraints
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1.4 Porter's Five Force Analysis
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1.4.1 Bargaining Power of Suppliers
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1.4.2 Bargaining Power of Buyers/Consumers
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1.4.3 Threat of New Entrants
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1.4.4 Threat of Substitute Products
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1.4.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 Type
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2.1.1 Planting Machinery
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2.1.1.1 Seed Drills
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2.1.1.2 Planters & Transplanters
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2.1.2 Fertilizing Machinery
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2.1.2.1 Seed-cum-Fertilizer Drills
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2.1.2.2 Fertilizer Spreaders
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2.2 Geography
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2.2.1 China
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2.2.2 India
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2.2.3 Japan
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2.2.4 Australia
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2.2.5 Rest of Asia-Pacific
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Asia-Pacific Planting Machinery Market Size FAQs
What is the current Asia-Pacific Planting Machinery Market size?
The Asia-Pacific Planting Machinery Market is projected to register a CAGR of 3.70% during the forecast period (2024-2029)
Who are the key players in Asia-Pacific Planting Machinery Market?
Deere & Company., AGCO Corporation, Kuhn Group, YANMAR HOLDINGS CO., LTD and Kverneland AS are the major companies operating in the Asia-Pacific Planting Machinery Market.