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
