North America Planting Equipment Market

The North America Planting Equipment Market is valued at USD 5660.0 Million in 2023 and is projected to reach a value of USD 8190.2 Million by 2030 at a CAGR (Compound Annual Growth Rate) of 6.3% between 2024 and 2030.

Key highlights of North America Planting Equipment Market

• In 2023, North America was valued at USD 5660.0 Million and logistics Market is estimated to be valued at USD 8190.2 Million by 2030
• The Seed drills segment accounted for 45.0% in 2023.
• The Cereals and grains segment accounted for 39.9% share in 2023.
• The Mechanical segment accounted for over 70% in 2023.

North America Planting Equipment Market: Country Overview

The North American market is anticipated to be driven by the region's well - established agriculture industry and the items' easy availability due to the presence of major market participants. U.S. accounted for over 70% of the market share in 2023. As a result of changing habits and a growing population, North America has a higher demand for food. Due to this need, the production of row crops like corn, soybean, barley and oats is rising, which benefits planting equipment makers. Another key factor promoting expansion in North America is the abundance of available farmland, which has produced a significant need for agricultural mechanization. Furthermore, manufacturers can develop new equipment and increase their market presence due to the region's supportive agricultural climate and technical improvements. However, agriculture is supported by North American governments through subsidies and other initiatives. The government subsidizes a sizable share of farmers' premiums to participate in these programs.

North America Planting Equipment Market: Product Type Overview

The Seed Drills hold the highest market was valued at USD 2,436.6 Million in 2023. The Product type category separated into Air seeders, seed drills, planters, Others. Seed drills are used to plant seeds at regular intervals and depths. They are commonly employed while sowing canola, barley, and wheat crops. Seed drills are available in various shapes and sizes, from compact tow-behind models to substantial tractor-mounted drills. The air seeder category held a significant share of the market. Air seeders use compressed air to apply seeds and fertilizer to the soil. Crops, including corn, soybeans, and peas, are frequently planted with them. Compared to conventional planting tools, air seeders provide several advantages, such as the ability to plant quickly and precisely.

North America Planting Equipment Market: Crop Type Overview

The Cereals and grains will account for USD 3.283.1 by 2030. The Crop type category separated into Cereals and grains, Oilseeds and pulses, Fruits and vegetables, Fiber Crops, and Others. Similarly, Cereals and Grains are separated into Corn, Rice, Sorghum, Wheat, Others Grains & Cereals. The cereals & grains category held the highest share of the market. Various equipment is available to fit various agricultural practices and crops in the competitive and diverse market for planting equipment for grains and cereals. A group of plants known as cereals and grains is raised for their edible seeds, which are frequently utilized in various food dishes. Similarly, Corn is one of North America's most extensively planted row crops, which needs specific planting tools to get the highest yields. Row planters, which can plant individual seeds at specific depths and intervals, and fertilizer applicators, which assure proper nutrient levels in the soil, are common pieces of corn planting equipment.

North America Planting Equipment Market: Design Overview

The Design category separated into Mechanical and Automatic. The Mechanical category held the highest share of the market. Planting machinery that must be manually operated is called conventional planting machinery. This equipment works well for small-scale farming operations and is often less expensive than automatic equipment. Several tools fall under manual equipment, including hand-held seeders, single-row planters, and manual cultivators. The Automatic category is the fastest-growing category in the market over the forecast period. Precision planting tools, often called automatic planting tools, are made to automate the planting procedure and give more exact control over seed placement, spacing, and depth. Automated equipment monitors soil conditions and instantly modifies planting parameters using cutting-edge technology like GPS and sensors. Equipment of this kind can help enhance crop quality, lower input costs, and increase yields.

Key Trends

• In 2023, the US had a major share and was estimated to witness its dominance during the forecast period.
• In 2023, the mechanical category had a major share, whereas the automatic category is estimated to witness the fastest growth in the coming years.
• In 2023, the seed drills category had a major share and was estimated to continue its dominance during the forecast period. Besides, air seeders are to witness lucrative growth.

Premium Insights

The market is estimated to grow substantially. This is majorly due to the increase in demand for row crops. As COVID-19 waves hit countries worldwide, the demand for planting equipment will witness substantial growth in the long run. The major companies continuously invest heavily to enhance the planting equipment demand, which is estimated to enhance the market growth over the coming years. The steady growth in the demand for end-use products and increased investments by major companies to adopt advanced technologies are presumed to be favorable for market growth.

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Market Dynamics

Growing demand for row crops to boost market expansion

The expanding North American population is one of the main factors influencing demand for row crops and, consequently, planting equipment for row crops. North America's population will reach 378,904,407 in 2023, up 0.54% from 2022. North America's population increased by 0.42% from 2021 to 2022, reaching 376,870,696 people. North America's population increased by 0.35% from 2020 to 2021, reaching 375,278,947 people. The need for food rises in tandem with population growth. Row crops are essential for feeding the North American population and are staples in the food supply, including maize, soybeans, wheat, and rice. Rising food demand is anticipated to boost the supply and demand for row crops. The demand for row crops used as animal feed is predicted to rise due to this change. Thus, farmers will have to produce more food with fewer resources as consumer demand rises. Thus, reliable and efficient planting equipment is crucial to addressing this need. Future market growth will largely depend on creating new and inventive planting equipment to handle these issues.

Advancement in technology to propel market expansion

Technological improvements have significantly impacted the row crop market's planting tools. Technology advancements have produced cutting-edge, more effective, precise, and inventive planting tools. Advanced sensors, GPS mapping, and other technologies are used in precision planting to increase agricultural yields and lower input costs. With the help of this technology, farmers may plant seeds with exact depths, distances, and timings, resulting in more uniform crop emergence, less seed waste, and higher crop yields. Furthermore, for planting equipment to perform more accurately and effectively, auto-steer and guidance systems use GPS technology. With these technologies, farmers may plant crops in rows that are as parallel as possible and with little overlap, increasing yields while lowering input costs. In North America, GM crops are widely used, particularly in corn, soybeans, and cotton production. Moreover, farmers may monitor their planting equipment using computers or mobile devices from anywhere due to telematics and remote monitoring technology. By giving real-time information on the planting status, the equipment's functioning, and other crucial parameters, this technology can assist farmers in maximizing their planting operations.

Competitive Landscape

The North America Planting Equipment market is a competitive and fragmented due to the high presence of players. Only a few companies account for a major market share; hence, the degree of competition among the suppliers is high as the market players are active at the country level. Also, the increasing rivalry between the players to obtain most of the market share has played a major role in intensifying competition. The major players in the market follow mergers and acquisitions, new product launches, and partnerships and collaborations. For instance, In February 2023, AGCO Corporation released tractors from the Fendt 200 Vario series in North America. The series, the smallest tractor in the Fendt family, combines lightweight agility with excellent performance to make even the most difficult job feel easy.

Also available Global Planting Equipment Market Research Full Study Report:

https://www.vantagemarketresearch.com/industry-report/planting-equipment-market-1271

Recent Market Developments

• In March 2023, New G5 Universal displays, a new JDLink M modem, and the StarFire 7000 Universal receiver are all available as aftermarket options from John Deere. These products make it simple for farmers to update existing machinery or replace worn-out parts so they may benefit from current and emerging technologies.
• In February 2023, Two planter models from Kinze Manufacturing will be released in 2024. Both will use the firm's new 5000 Series row unit to improve planting accuracy, increase production, and reduce daily maintenance time.
• In January 2023, With Microsoft Dynamics 365, John Deere is releasing a new dealer business system. The solution will give dealers a shared technological platform for many facets of their operations, opening up new possibilities for growth, innovation, and customer understanding. Both businesses will supply this cutting-edge technology using their specialties.

The North America Planting Equipment market can be categorized as Product type, Crop type, and Design.