The Asia-Pacific planting machinery market is expected to reach USD XX billion by 2021, at a CAGR of XX% during the forecast period from 2016 to 2021. Demand for planting machinery is growing in Asia-Pacific as India and China are investing more in machinery. Indian farmers are spending more on agricultural machinery having the latest technology like inspection of insects with the help of smart apps and using drones for keeping an eye on the fields. The Indian Government is also supporting its farmers by giving them loans on low-interest rates and introducing new schemes for farming, planting, etc. China is also increasing the usage of the autonomous tractors, spraying machines, and planting machines.
Planting machinery offers solutions to crop farmers to sow the seeds. Despite tractors and combine harvesters being used widely, globally, planting machinery use is in the nascent stages and is in succession to tractors to reduce manual intervention in agriculture. Apart from increasing efficiency, mechanization in planting helps in increasing precision agricultural practices.
Factors such as the technological advancement through government support, along with the heavy integration of precision farming are driving the Asia-Pacific planting machinery market, which would provide opportunities for future growth of the market. The rising demand in developing countries like China and India drives the planting machinery market. Government subsidies, scarcity of farm labor, high farm income, farm consolidation and widespread usage of tractors are the factors driving the sales of planting machinery. Australia and Japan are the major markets for planting machinery due to the high land mass usage and extensive, large-scale farming practices. Farmers are now compelled to invest in planting machinery as the traditional agricultural processes involve high physical labor. Developed regions like Australia and Japan are expected to witness high demand for bigger equipment with high-capacity, to lower the operation interval.
The market is segmented by type of machinery and geography.
By Machine Type:
Key players of the planting machinery market are:
Key Deliverables of the Study
1.1 Study Deliverables
1.2 Key Findings of the Study
2. RESEARCH METHODOLOGY
2.2 Analysis Methodology
2.3 Study Phase
2.4 Econometric Modelling
3. EXECUTIVE SUMMARY
4. MARKET OVERVIEW AND TECHNOLOGY TRENDS
4.1 Current Market Scenario
4.2 Technology Trends
5. MARKET DYNAMICS
5.4 Value & Supply Chain Analysis
5.5 Porter's Five Forces Framework
5.5.1 Bargaining Power of Suppliers
5.5.2 Bargaining Power of Consumers
5.5.3 Threat of New Entrants
5.5.4 Threat of Substitute Products and Services
5.5.5 Competitive Rivalry Within the Industry
6. ASIA-PACIFIC PLANTING MACHINERY MARKET SEGMENTATION, BY TYPE
6.1 Seed Drill
6.3 Broadcast Seeders
7. ASIA-PACIFIC PLANTING MACHINERY MARKET SEGMENTATION, BY GEOGRAPHY
8. COMPETITIVE LANDSCAPE
8.2 Market Share Analysis
8.3 Latest Products & Developments of Key Players
9. COMPANY PROFILES
9.1 AGCO Corp.
9.2 Buhler Industries, Inc.
9.3 Great Plains Ag
9.4 Deere & Company (John Deere)
9.5 Kuhn Group
9.6 Kverneland Group
9.7 New Holland Agriculture
9.8 Visser Horti
9.9 Kinze Manufacturing
9.10 Hardi International A/S
10. FUTURE OUTLOOK OF THE MARKET