Global Planting Equipment Market 2021 (Includes Business Impact of COVID-19)

                                          
Report updated on 11th September, 2021: Global Planting Equipment Market 2021 (Includes Business Impact of COVID-19)
Global Planting Equipment Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2030 is a recent report generated by Trusted Business Insights. The global organic beverage market report has been segmented on the basis of type, design, crop type, and region.
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The global Planting Equipment market size was valued at USD$12.66 billion in 2020 and is projected to reach USD $23.14 billion by 2030, and is anticipated to expand at a CAGR of 5.68% over the forecast period from 2020 to 2030.


Global Planting Equipment Market: Introduction 


Planting equipment is machinery used for seeding in agricultural application. Planting equipment consists of planters, seed drills, air seeders, and others.


Global Planting Equipment Market: Dynamics 


Increasing adoption of equipment for agricultural applications to increase productivity is a key factor driving the growth of the planting equipment market. Growing awareness among farmers regarding modern agricultural techniques in developed countries is estimated to drive the growth of the global market. In addition, increasing number of government subsidies to promote modern agricultural techniques is estimated to drive the growth of the planting equipment market over the long run.

Moreover, the shortage of labors in developing and developed countries is anticipated to support the growth of the planting equipment market over the next 10 years.

However, lack of awareness among farmers coupled with lack of financial support are factors expected to hamper the growth of the planting equipment market.


Global Planting Equipment Market: Segment Analysis


Among the type segments, the seed drills segment is projected to grow steadily in the next 10 years. Increasing adoption of seed drills in plating cereal crops owing to cost-effectiveness as compared to other equipments, which is expected to support the growth of the segment. The planters segment is projected to grow moderately over the next few years.

Among the design segments, the mechanical segment is estimated to contribute a significant share in the planting equipment market. Easy availability of spare parts coupled with the low maintenance cost of mechanical planters or seeders are key factors driving the growth of the segment. The automatic segment is projected to register a lucrative growth rate in the planting equipment market.

Among the crop type segments, the cereals & grains segment is projected to register higher growth rate in the potential market. Increasing demand for food grains and cereals owing to rising population is anticipated to drive the growth of the segment.


Global Planting Equipment Market: Regional Analysis


The Europe planting equipment market is estimated to dominate the planting equipment market. Increasing adoption of latest agricultural technologies to improve productivity is a key factor driving the growth of the Europe market. Favorable government policies such as Common Agricultural Policy (CAP), which provide financial help through subsidies is another factor anticipated to drive the growth of the planting equipment market in North America in the next 10 years.

The Asia Pacific planting equipment market is anticipated to grow at a significant growth rate over the next 10 years. Growing awareness among the farmers regarding the use of the latest agricultural techniques over traditional farming is anticipated to drive the growth of the planting equipment market in the Asia Pacific. Increasing adoption of machinery in agricultural application to improve the overall productivity is estimated to support the growth of the target market in this region.


Below are the active patents related to Planting Equipment Market.


Patent Number: US20150305231A1

Seeding machine with seed delivery system

Abstract

A seed delivery system for use in a seeding or planting machine that removes the seed from a seed meter by capturing the seed therefrom. The delivery system then moves the seed down to a lower discharge point and accelerates the seed horizontally rearward to a speed approximately equal to the forward travel speed of the seeding machine such that the seed, when discharged has a low or zero horizontal velocity relative to the ground. Rolling of the seed in the trench is thus reduced. Furthermore, as the seed only has a short drop from the outlet to the bottom of the seed trench, the seed has little vertical speed to induce bounce. The delivery system uses a brush belt to capture, move and accelerate the seed. By capturing the seed and moving it from the meter to the discharge, the seed is held in place relative to other seeds and the planter row unit. As a result, the seeds are isolated from row unit dynamics thereby maintaining seed spacing.

Application File Date: 2015-02-09

Application Granted Date: 2017-11-07

Current Assignee: Deere and Co

Patent Number: EP2213152A1

Row unit and planter or seeding machine with such

Abstract

A row unit (16) of a planter or seeding machine (10) comprises a seed delivery system (28) that removes the seed (56) from a seed meter (26) by capturing the seed (56) therefrom. The delivery system (28) then moves the seed (56) down to a lower discharge point (78) and accelerates the seed (56) such that the horizontally rearward component of its speed vector is approximately equal to the forward travel speed of the seeding machine (10) such that the seed (56), when discharged has a low or zero horizontal velocity relative to the ground. Rolling of the seed (56) in the trench is thus reduced. Furthermore, as the seed (56) only has a short drop from the outlet to the bottom of the seed trench, the seed (56) has little vertical speed to induce bounce. The delivery system (28) uses a brush belt (60) to capture, move and accelerate the seed (56). By capturing the seed (56) and moving it from the meter (26) to the discharge, the seed (56) is held in place relative to other seeds (56) and the planter row unit (16). As a result, the seeds (56) are isolated from row unit (16) dynamics thereby maintaining seed spacing

Application File Date: 2010-01-28

Application Granted Date: 2011-12-21

Current Assignee: Deere and Co

Global Planting Equipment Market Segmentation:

Segmentation by Type:

  
Air Seeders
  
Seed Drills
  
Planters
  
Others (box drill seeders and broadcast seeders)

Segmentation by Design:

  
Automatic
  
Mechanical

Segmentation by Crop Type:

  
Oilseeds & Pulses
  
Cereals & Grains
  
Fruits & Vegetables


Key Market Players included in the report:


  
AGCO Corporation
  
Bourgault Industries Ltd.
  
Bracke Forest AB
  
Bucher Industries AG
  
CLAAS KGaA mbH
  
CNH Industrial NV
  
Deere & Company
  
ISEKI & Co. Ltd.
  
John Deere
  
Kinze Manufacturing
  
Kubota Agricultural Machinery India Pvt. Ltd.
  
Mahindra & Mahindra Ltd.
  
NH Industrial
  
Yanmar Holdings Co. Ltd.


Below are the key development related to Planting Equipment Market in 2020 and 2021.


February 2021: Agrisolutions Acquires Lund Industrial Group. Agrisolutions has acquired Lundtek, Inc. (Lund Industrial Group, Lund Engineered Products Division and Lund Coating Technologies) in Holly Springs, Miss. The Acquisition was closed on Feb. 19, and Lund will now join as one of the business units in North America. Lund, with operations headquartered in Holly Springs, Miss., provides extended life solutions for agricultural and industrial parts and components, pertaining to wear applications. Lund is also firmly established as a prominent supplier of cutting components to the U.S. agricultural market. They extend their breadth of product applications to industries that include – Agricultural harvesting equipment, crop movement equipment and tillage tools, lawn and garden equipment, golf and turf management, construction, mining and railroad equipment. As a part of their extended life solutions, Lund applies treatments of Tungsten carbide thermal spray-and-fuse coatings, welded inlays, laser clad hard facing, plasma transfer arc (PTA) deposited coatings, high velocity oxygen fuel (HVOF) deposited coatings and proprietary techniques that include Wear-Tuff sintered-and-fused abrasion resistant coatings. Source

October 2020: AGCO Announces Intent to Establish AgRevolution Dealership. DULUTH, GA — AGCO Corporation (NYSE: AGCO) announced its intention to acquire certain assets of Boyd Company of Louisville, Ky. Upon completion of the agreement, AGCO will form AgRevolution™, an agricultural equipment dealership to provide industry-leading products and support services to the farming community throughout Kentucky and southern Indiana. Source

February 2020: ICL Announces Acquisition of US-based Precision Agriculture Company Growers Holdings, Inc. Acquisition enhances ICLs digital services offering and accelerates its development roadmap. ICL (NYSE: ICL) (TASE: ICL), a leading global specialty minerals and specialty chemicals company, announced that it has acquired Growers Holdings, Inc. (Growers), an innovator in the field of process and data-driven farming, as ICL further enhances its digital service offering and accelerates its global development roadmap. Growers agronomic services platform enhances decision-making capabilities for farmers, agronomists and other agro-professionals by creating easily adaptable and executable data-driven recommendations. The Growers platform collects and structures manual and machine-generated farm data, instantly creating agile and return-focused plans for planting, fertilization and purchasing decisions that are streamed to farm machinery for effortless on-field application. Headquartered in Raleigh, North Carolina, Growers employs a team of data scientists, engineers, developers and agronomists, serving a rapidly growing customer base across the U.S. Source 

January 2020: Kinze Introduces New 4705 Planter. Williamsburg, Iowa – Kinze announces the release of its new “05 Series” planters, the new 4705, 24-row, 30-inch planter. The “05 Series” planters offer a number of enhancements that will increase the wear life of many components, simplify maintenance, improve performance and reduce the overall cost of planter ownership. Source