Valued to be $25.3 Billion by 2026, Planting Equipment Slated for Robust Growth Worldwide
SAN FRANCISCO, Sept. 24, 2021 /PRNewswire/ — A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled “Planting Equipment – Global Market Trajectory & Analytics”. The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.
FACTS AT A GLANCE
Edition: 8; Released: April 2021
Executive Pool: 597
Companies: 36 – Players covered include AGCO Corporation; Bourgault Industries Ltd; Bracke Forest AB; Bucher Industries AG; Buhler Industries, Inc.; CLAAS KGaA mbH; CNH Industrial; Deere & Company; Kasco Manufacturing Co., Inc.; Kinze Manufacturing; Kubota Agricultural Machinery India Pvt. Ltd.; Mahindra & Mahindra Ltd; Morris Industries Ltd.; SeedMaster Manufacturing Ltd.; Vaderstad Industries Inc. and Others.
Coverage: All major geographies and key segments
Segments: Type (Seed Drills, Planters, Air Seeders, Other Types); Design (Mechanical, Automatic); Crop Type (Cereals & Grains, Oilseeds & Pulses, Fruits & Vegetables, Other Crop Types)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.
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Global Planting Equipment Market to Reach $25.3 Billion by 2026
Amid the COVID-19 crisis, the global market for Planting Equipment estimated at US$18.5 Billion in the year 2020, is projected to reach a revised size of US$25.3 Billion by 2026, growing at a CAGR of 5.2% over the analysis period. Seed Drills, one of the segments analyzed in the report, is projected to record a 5.8% CAGR and reach US$13.3 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Planters segment is readjusted to a revised 4.5% CAGR for the next 7-year period.
The U.S. Market is Estimated at $5.3 Billion in 2021, While China is Forecast to Reach $5.1 Billion by 2026
The Planting Equipment market in the U.S. is estimated at US$5.3 Billion in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$5.1 Billion by the year 2026 trailing a CAGR of 8% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.8% and 4.6% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 3.2% CAGR.
Air Seeders Segment to Reach US$4.2 Billion by the year 2026
In the global Air Seeders segment, USA, Canada, Japan, China and Europe will drive the 4.4% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$2.3 Billion in the year 2020 will reach a projected size of US$3.2 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. More
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Global Industry Analysts, Inc., (www.strategyr.com) is a renowned market research publisher the world`s only influencer driven market research company. Proudly serving more than 42,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for over 33 years.
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SOURCE Global Industry Analysts, Inc.
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