PUBLISHER: SPER Market Research Pvt. Ltd. | PRODUCT CODE: 1590332
PUBLISHER: SPER Market Research Pvt. Ltd. | PRODUCT CODE: 1590332
Planting and Fertilizing Machinery Market Introduction and Overview
SPER Market Research, "Global Planting and Fertilizing Machinery Market Size - By Type, By Design - Regional Outlook, Competitive Strategies, and Segment Forecast to 2033," projects that the global market for planting and fertilizing machinery will reach USD 24.11 billion by 2033, growing at a compound annual rate (CAGR) of 7.55%.
Technology for planting and fertilizing crops is essential to modern agriculture since it streamlines the planting process and ensures that nutrients are applied accurately for optimal crop growth. These tools, which include planters, transplanters, fertilizer spreaders, and seed drills, are designed to boost output, accuracy, and efficiency in the field.
The COVID-19 pandemic had a significant impact on the market for planting and fertilizing machinery. Machinery production and delivery were delayed as a result of supply chain disruptions, labour shortages, and limitations on manufacturing operations. Farmers find it more difficult to invest in new equipment when market fluctuations put them in a vulnerable financial situation.
Scope of the Report:
Report Metric Details
Market size available for years 2020-2033
Base year considered 2023
Forecast period 2024-2033
Segments covered By Type, By Design.
Regions covered North America, Asia-Pacific, Latin America, Middle East & Africa, and Europe.
Companies Covered Deere & Company, AGCO Corporation, CNH Industrial NV, KUHN Group, CLAAS Group, Mahindra & Mahindra Limited, Yanmar Corporation, Lanco Equipment, Kubota Corporation, Buhler Industries Inc.
Global Planting and Fertilizing Machinery Market Segmentation:
By Type: Based on the Type, Global Planting and Fertilizing Machinery Market is segmented as; Planting Machinery and Fertilizing Machinery.
By Design: Based on the Design, Global Planting and Fertilizing Machinery Market is segmented as; Automatic, Mechanical.
By Region: This research also includes data for North America, Asia-Pacific, Latin America, Middle East & Africa, and Europe.