Global Planting Machinery Market – Projected to Reach $6.5 Billion by 2020 – Research and Markets
May 5, 2016 | By Business Wire News
DUBLIN
Research and Markets has announced the addition of the “Global Planting Machinery Market- By Type, Application and Geography-Market Shares, Forecasts and Trends (2015 – 2020)” report to their offering.
The global planting machinery market is projected to reach USD 6.5 billion by 2020.
Planting machinery offers solutions to crop farmers to sow the seeds for crop production. Despite the fact that tractors and combine harvesters are used widely across the globe, planting machinery use is in 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.
Short shelf life of conventional machines rises the need for technically advanced machineries to achieve higher productivity and substitute human labor. Technological advancement through government support along with heavy integration of precision farming is going to provide opportunities for future growth. Rising demand in developing countries drives the North America 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 around globe.
North America and Europe are the major markets for planting machinery given to high land mass usage and extensive, large scale farming practices. Asia-Pacific region led by India and China is crucial for market growth because of increasing penetration of farm automation. Automation has become a part of agriculture in Asia because of the need to increase in food productivity to feed the growing population and increase agricultural product export competence.
Key Topics Covered:
1. Introduction
2. Key Findings of the Study
3. Market Dynamics
4. Market Segmentation
5. Competitive Landscape
6. Company Profiles
- AGCO Corp.
- Buhler Industries, Inc.
- Great Plains Ag
- Deere & Company
- Kuhn Group
- Kverneland Group
- Kasco Manufacturing
- Kubota Corporation
- CNH Industrial N.V.
- Iseki & Co., Ltd.
- Versatile
- Visser Horti
- Zoomlion
- Kinze Manufacturing
- Hardi North America
- Dawn Equipment
- Dawn Equipment
- UPM
For more information visit http://www.researchandmarkets.com/research/kjjwmn/global_planting
View source version on businesswire.com: http://www.businesswire.com/news/home/20160505005693/en/
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Sector: Agricultural Machinery and Equipment
