Planting Machinery Market Size, Share & Growth Report | 2031

Segments - Asia Pacific Planting Machinery Market by Types (Planting Machinery and Fertilizing Machinery) and Countries (India, China, Japan, Australia, and Rest of Asia Pacific) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031

Author : Raksha Sharma

Fact-checked by : Vineet Pandey

Editor : Rucha Phatak

Report Description

The Asia Pacific planting machinery market size was USD XX Billion in 2022 and is likely to reach USD XX Billion by 2031, expanding at a CAGR of 3.7% during 2023–2031. The growth of the market is attributed to the growing technological developments of plant machinery equipment.

Farm mechanization equipment and agricultural automation include planting machines. The adoption of planting and fertilizing gear is being driven by rising tractor demand in developing countries such as India and China. Increased government assistance in the form of subsidies on the purchase of agricultural equipment and the establishment of a minimum crop price to stabilize farmers' income is one of the main reasons for the rise.

Asia Pacific Planting Machinery Market Outlook

India's Sub-Mission on Agriculture Mechanization Scheme and Indonesia's Agriculture Work Plan 2019 are two examples. Rapid urbanization, rising food consumption, migration and ageing of the rural population are projected to drive the Asia Pacific agricultural equipment market over the forecast period, resulting in a decrease in the number of farmers and a rise in the region's reliance on farm mechanization.

One of the primary reasons for expanding agricultural mechanization in India is the scarcity of farmworkers and the need to boost farm output. The government of India has established a scheme under mission on agricultural mechanization to enhance farm mechanization in the nation, according to the Ministry of Agriculture and Farmers' Welfare.

According to the National Bank for Agriculture and Rural Development (NABARD), India received 1.02 billion USD in loan facilities for farm mechanization in 2018–2019, representing 2.68 per cent of the total priority sector. Farmers in the nation are heavily reliant on government subsidies and financial facilities. Another governmental endeavor supporting the tractor industry's expansion is the Mahatma Gandhi National Rural Employment Guarantee Act.

Agriculture's macro-management programme provides a 25% subsidy on equipment and other agricultural machines. In addition to the aforementioned schemes, the government offers subsidies for the purchase of tractors with less than 18 horsepower through central sector extension initiatives. This payment is available to farmers who have irrigated land of between 2.4 and 3.2 hectares, either individually or in groups.

Planters are used in Japan to sow seeds that are too big to be planted with regular seed drills. It also aids in increasing cropping frequency, which leads to improved seed planting and seed placement accuracy. According to the World Bank, a reduction in the labor force fuels the growth of the planting machinery market in a given region. China's agricultural employment rate was 27.7% in 2016, but it fell to 26.6 per cent in 2019.

In addition, the employment rate in India has been dropping year after year. Agriculture's employment rate fell to 43.21 per cent in 2019, down from 45.12 per cent in 2016. The tendency is anticipated to continue, propelling the industry forward. With a growing population and urbanization, agricultural land area is shrinking, driving the use of technology in agriculture. Seed drills, planters, and transplanters have all seen substantial increases in output in the Asia Pacific area.

Market Trends, Drivers, Restraints, and Opportunities

Rising government support is expected to drive market growth in the coming years.
Shortage of agricultural labor, rising farm revenue, precision farming integration, and widespread tractor use are estimated to spur market expansion during the forecast period.
High cost of labor is projected to restrict the market growth.

Scope of Asia Pacific Planting Machinery Market Report

The report on the Asia Pacific planting machinery market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes	Details
Report Title	Planting Machinery Market - Asia Pacific Industry Analysis, Growth, Share, Size, Trends, and Forecast
Base Year	2022
Historic Data	2016–2021
Forecast Period	2023–2031
Segmentation	Types (Planting Machinery and Fertilizing Machinery)
Country Scope	India, China, Japan, Australia, and Rest of Asia Pacific
Report Coverage	Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
Key Players Covered in the Report	John Deere, AGCO Corporation, Kuhn Group, YANMAR HOLDINGS CO. LTD, and Kverneland AS

Asia Pacific Planting Machinery Market Segment Insights

Planting machinery segment is projected to account for a large market share

In terms of types, the Asia Pacific planting machinery market is divided into planting machinery and fertilizing machinery. The planting machinery segment is expected to account for a key share of the market during the forecast period due to the rise in the need for agricultural equipment by the farmers.

Asia Pacific Planting Machinery Market Types

China is anticipated to dominate the market

On the basis of countries, the Asia Pacific planting machinery market is categorized as India, China, Japan, Australia, and Rest of Asia Pacific. The market of China is anticipated to expand at an impressive CAGR during the forecast period. The country’s market growth can be attributed to change in the characteristics of agricultural practice.

Segments

The Asia Pacific planting machinery market has been segmented on the basis of

Types

Planting Machinery
Fertilizing Machinery

Countries

India
China
Japan
Australia
Rest of Asia Pacific

Key Players

John Deere
AGCO Corporation
Kuhn Group
YANMAR HOLDINGS CO. LTD
Kverneland AS

Competitive Landscape

Key players competing in the Asia Pacific planting machinery market include John Deere, AGCO Corporation, Kuhn Group, YANMAR HOLDINGS CO. LTD, and Kverneland AS.

Asia Pacific Planting Machinery Market Key Players

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Planting Machinery Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Planting Machinery Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Planting Machinery Market - Supply Chain
  4.5. Global Planting Machinery Market Forecast
     4.5.1. Planting Machinery Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Planting Machinery Market Size (000â€™ Units) and Y-o-Y Growth
     4.5.3. Planting Machinery Market Absolute $ Opportunity
5. Global Planting Machinery Market Analysis and Forecast by Types
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Types
     5.2.2. Y-o-Y Growth Projections by Types
  5.3. Planting Machinery Market Size and Volume Forecast by Types
     5.3.1. Planting Machinery Fertilizing Machinery
  5.4. Absolute $ Opportunity Assessment by Types
  5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Planting Machinery Market Analysis and Forecast by Region
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Region
     6.2.2. Y-o-Y Growth Projections by Region
  6.3. Planting Machinery Market Size and Volume Forecast by Region
     6.3.1. North America
     6.3.2. Latin America
     6.3.3. Europe
     6.3.4. Asia Pacific
     6.3.5. Middle East and Africa (MEA)
  6.4. Absolute $ Opportunity Assessment by Region
  6.5. Market Attractiveness/Growth Potential Analysis by Region
  6.6. Global Planting Machinery Demand Share Forecast, 2019-2026
7. North America Planting Machinery Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
  7.2. North America Planting Machinery Market Size and Volume Forecast by Country
     7.2.1. U.S.
     7.2.2. Canada
  7.3. Absolute $ Opportunity Assessment by Country
  7.4. North America Planting Machinery Market Size and Volume Forecast by Types
     7.4.1. Planting Machinery Fertilizing Machinery
  7.5. Basis Point Share (BPS) Analysis by Types
  7.6. Y-o-Y Growth Projections by Types
  7.7. Market Attractiveness/Growth Potential Analysis
     7.7.1. By Country
     7.7.2. By Product Type
     7.7.3. By Application
  7.8. North America Planting Machinery Demand Share Forecast, 2019-2026
8. Latin America Planting Machinery Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Latin America Average Pricing Analysis
  8.2. Latin America Planting Machinery Market Size and Volume Forecast by Country
      8.2.1. Brazil
      8.2.2. Mexico
      8.2.3. Rest of Latin America
   8.3. Absolute $ Opportunity Assessment by Country
  8.4. Latin America Planting Machinery Market Size and Volume Forecast by Types
     8.4.1. Planting Machinery Fertilizing Machinery
  8.5. Basis Point Share (BPS) Analysis by Types
  8.6. Y-o-Y Growth Projections by Types
  8.7. Market Attractiveness/Growth Potential Analysis
     8.7.1. By Country
     8.7.2. By Product Type
     8.7.3. By Application
  8.8. Latin America Planting Machinery Demand Share Forecast, 2019-2026
9. Europe Planting Machinery Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Europe Average Pricing Analysis
  9.2. Europe Planting Machinery Market Size and Volume Forecast by Country
     9.2.1. Germany
     9.2.2. France
     9.2.3. Italy
     9.2.4. U.K.
     9.2.5. Spain
     9.2.6. Russia
     9.2.7. Rest of Europe
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Europe Planting Machinery Market Size and Volume Forecast by Types
     9.4.1. Planting Machinery Fertilizing Machinery
  9.5. Basis Point Share (BPS) Analysis by Types
  9.6. Y-o-Y Growth Projections by Types
  9.7. Market Attractiveness/Growth Potential Analysis
     9.7.1. By Country
     9.7.2. By Product Type
     9.7.3. By Application
  9.8. Europe Planting Machinery Demand Share Forecast, 2019-2026
10. Asia Pacific Planting Machinery Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Asia Pacific Average Pricing Analysis
  10.2. Asia Pacific Planting Machinery Market Size and Volume Forecast by Country
     10.2.1. China
     10.2.2. Japan
     10.2.3. South Korea
     10.2.4. India
     10.2.5. Australia
     10.2.6. Rest of Asia Pacific (APAC)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Asia Pacific Planting Machinery Market Size and Volume Forecast by Types
     10.4.1. Planting Machinery Fertilizing Machinery
  10.5. Basis Point Share (BPS) Analysis by Types
  10.6. Y-o-Y Growth Projections by Types
  10.7. Market Attractiveness/Growth Potential Analysis
     10.7.1. By Country
     10.7.2. By Product Type
     10.7.3. By Application
  10.8. Asia Pacific Planting Machinery Demand Share Forecast, 2019-2026
11. Middle East & Africa Planting Machinery Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Middle East & Africa Average Pricing Analysis
  11.2. Middle East & Africa Planting Machinery Market Size and Volume Forecast by Country
     11.2.1. Saudi Arabia
     11.2.2. South Africa
     11.2.3. UAE
     11.2.4. Rest of Middle East & Africa (MEA)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Middle East & Africa Planting Machinery Market Size and Volume Forecast by Types
     11.4.1. Planting Machinery Fertilizing Machinery
  11.5. Basis Point Share (BPS) Analysis by Types
  11.6. Y-o-Y Growth Projections by Types
  11.7. Market Attractiveness/Growth Potential Analysis
     11.7.1. By Country
     11.7.2. By Product Type
     11.7.3. By Application
  11.8. Middle East & Africa Planting Machinery Demand Share Forecast, 2019-2026
12. Competition Landscape
  12.1. Global Planting Machinery Market: Market Share Analysis
  12.2. Planting Machinery Distributors and Customers
  12.3. Planting Machinery Market: Competitive Dashboard
  12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     12.4.1. John Deere AGCO Corporation Kuhn Group YANMAR HOLDINGS CO. LTD Kverneland AS