The Asia-Pacific planting equipment market size is expected to reach USD 7.75 billion in 2024 and is anticipated to reach USD 10.62 billion by 2029, estimated to be growing at a CAGR of 6.5%, from 2024 to 2029.
Plant equipment is generally towed behind a tractor that assists in the sowing of seeds. It is connected to a tractor and the seeds are sown in along the rows. Plant equipment varies in size, with the biggest one being the 48-row John Deere DB120. The row units are placed uniformly along the equipment at intervals that differ from crop to crop.
The major drivers for the growth of the planting equipment market in the Asia-Pacific region are the increased focus on farming, government support in the form of different schemes, technological development in the field of agriculture, insufficient cheap and skilled labor force, and rising population resulting in high demand for cereals. However, a lack of awareness among people about the latest farming technologies and the low disposable income of farmers in a few countries is hindering the growth of this market.
The market has also been geographically segmented into China, India, Japan and South Korea. China and India are developing countries and are expected to grow at the highest rate in the Asia-Pacific region during the forecasting period.
This market is extremely disjointed with numerous big and developing players operating in the business. The major companies dominating the Asia-Pacific Planting Equipment Market are Deere & Company, AGCO Corporation, Buhler Industries, Inc., Kinze Manufacturing, Inc., SeedMaster Manufacturing Ltd. and Morris Industries Ltd.
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