Asia-Pacific Planting Equipment Market was worth USD 6.38 billion in 2020 and estimated to be growing at a CAGR of 6.5%, to reach USD 8.00 billion by 2025.
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 which differ from crop to crop.
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The major drivers for the growth of planting equipment market in Asia-Pacific region is 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, lack of awareness within people about the latest farming technologies and low disposable income of farmers in few countries is hindering the growth of this market.
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The Asia-Pacific Planting Equipment Market is segmented based on
- Air Seeders
- Seed Drills
- Cereals & Grains
- Oilseeds & Pulses
- Fruits & Vegetables
The market has also been geographically segmented into
- 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.
Major Key Players:
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.