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Planting Equipment Market Analysis & Outlook During the Forecast Period, 2020-2024 - ResearchAndMarkets.com

January 14, 2020 GMT

DUBLIN--(BUSINESS WIRE)--Jan 14, 2020--

The “Planting Equipment Market by Product and Geography - Forecast and Analysis 2020-2024” report has been added to ResearchAndMarkets.com’s offering.

Global Planting Equipment Market: About this market

The planting equipment market analysis considers sales from seed drills, planters, and air seeders products. Our study also finds the sales of planting equipment in APAC, Europe, MEA, North America, and South America. In 2019, the seed drills segment had a significant market share, and this trend is expected to continue over the forecast period. Factors such as high precision in sowing seeds, which enhances crop yield will play a significant role in the seed drills segment to maintain its market position. Also, our global planting equipment market report looks at factors such as growing government support for agricultural practices globally, population growth and high demand for good products, and emphasis on farm mechanization. However, decreasing the availability of agricultural land, the high cost of planting equipment, growing the second-hand machine market may hamper the growth of the planting equipment industry over the forecast period.

Global Planting Equipment Market: Overview

Growing emphasis on farm mechanization

Various government and non-government bodies around the globe are introducing several initiatives to improve agricultural practices and productivity. Governments are providing subsidies to farmers to purchase agricultural machinery and equipment, including planting equipment. In addition, they are promoting the use of advanced technologies and mechanized equipment even in small household farms. They are offering agricultural loans and funds to support young farmers to start their own farm businesses. Thus, the growing emphasis on farm mechanization will lead to the expansion of the global planting equipment market at a CAGR of over 6% during the forecast period.

Rising deployment of equipment and technologies for precision farming

Precision farming refers to the management system for crops and livestock that relies on global positioning systems (GPS) to monitor the location of field equipment, such as irrigation nozzles, agrochemical sprayers, and weed control systems, and to communicate with them. Some of the features of precision farming are equipment guidance, yield inspection, and variable rate input application. Thus, Precision farming helps farmers automate a large part of their agricultural operations and minimize their input costs. The high profit-making potential of precision farming is expected to increase its commercial availability during the forecast period. This development is expected to have a positive impact on the overall market growth.

Key Topics Covered:

PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

PART 03: MARKET LANDSCAPE

PART 04: MARKET SIZING

PART 05: FIVE FORCES ANALYSIS

PART 06: MARKET SEGMENTATION BY PRODUCT

PART 07: CUSTOMER LANDSCAPE

PART 08: GEOGRAPHIC LANDSCAPE

PART 09: DECISION FRAMEWORK

PART 10: DRIVERS AND CHALLENGES

PART 11: MARKET TRENDS

PART 12: VENDOR LANDSCAPE

PART 13: VENDOR ANALYSIS

For more information about this report visit https://www.researchandmarkets.com/r/ebcobs

View source version on businesswire.com:https://www.businesswire.com/news/home/20200114005578/en/

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KEYWORD:

INDUSTRY KEYWORD: AGRICULTURE NATURAL RESOURCES

SOURCE: Research and Markets

Copyright Business Wire 2020.

PUB: 01/14/2020 10:02 AM/DISC: 01/14/2020 10:02 AM

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