Planting Equipment Market Size to Grow by $ 4.28 bn During 2020-2024

Technavio has been monitoring the planting equipment market and it is expected to grow by $ 4.28 bn, accelerating at a CAGR of almost 6% during the forecast period. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking

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Planting Equipment Market: APAC to lead market growth during the forecast period

• 44% of the market growth will originate from APAC during the forecast period.
• Growing number of m&a activities will be a key trend that will influence market growth significantly.
• The Emphasis on farm mechanization will be a significant factor in driving the growth of the planting equipment market.

Planting Equipment Market: Key Competitors

The market is fragmented. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. AGCO Corp., Bourgault Industries Ltd., Bucher Industries AG, CLAAS KGaA mbH, CNH Industrial NV, Deere & Co., ISEKI & Co. Ltd., Kubota Corp., Mahindra & Mahindra Ltd., and and Yanmar Holdings Co. Ltd. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.

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Planting Equipment Market: Key Highlights of the Report for 2020-2024

• CAGR of the market during the forecast period 2020-2024
• Detailed information on factors that will drive planting equipment market growth during the next five years
• Precise estimation of the planting equipment market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the planting equipment market industry across APAC, Europe, MEA, North America, and South America
• A thorough analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of planting equipment market vendors