Planting machines are used for planting of seeds in agricultural fields by mechanized methods. Technological advancement has changed the functioning of agricultural sector the way it used to. Shortage of labor and urbanization has promoted the use of machineries in agricultural sector. Seed drills, planters and air seeders are the types of machineries available in the market of planting machines. Planting machines are available in both automatic and mechanical design type. It consists of a planter which can be mounted on tractor and seeds are filled in to which are poured on fields for plantation. Agricultural sector is the end user of planting machine market. Market of planting machines is expected to grow due to awareness about technological advancement among farmers and high labor charges.
COVID-19 Impact analysis
- COVID-19 pandemic has shut down the production of various products in the planting machines industry attributed to the lockdown in countries worldwide. This has hampered the growth of planting machines market in 2020 and, is likely to revive in 2021.
- COVID-19 has already affected the sales of planting machines in the second and third quarter of 2020 and is reviving in 2021.
- The major demand for planting machines was previously noticed from countries including the U.S., Germany, Italy, UK, and India, which are negatively affected by the spread of the corona virus, thereby declining the demand for planting machines.
- Further, potential impact of the lockdown is currently vague and financial recovery of companies is totally based on its cash reserves. Planting machines manufacturers can afford a full lockdown only for a few months, after which the players have to modify their investment plans. For instance, various players in the market halted their production activities for several weeks to reduce the expenses. Whereas few players also adopted employee lay-offs to sustain during the COVID-19 health crisis.
- Planting machines manufacturers are expected to focus on protecting their workforce, operations, and supply chains to respond toward immediate crises and find new ways of working after COVID-19. For instance, provision of sanitizers, maintaining social distancing, as well as ensuring the vaccination of every employee in the company can assist in promoting the health & safety of the workforce.
Top Impacting Factors
Scarcity of labor leads to higher labor charges, which is making farmers to look for other available options. This is a key driving factor for the market growth of planting machines. In addition, technical advancement and novel techniques for farming boost the demand for planting machines in the market. This is a onetime investment by famers, which can reduce the labor cost required for planting seeds permanently. Further, the time required for planting the seeds by planting machine is almost one third in comparison of manual planting. This is one of the reason, farmers are opting for planting machines. Poor shelf life and high maintenance of conventional machines are cost driven and one of the key factors which is contributing in the market growth of planting machines. Governments are also giving subsidies for the purchasing of farming equipment, which will create opportunities for the market growth of planting machines. High cost and accommodation of planting machines could be a restrain in the market growth.
Market Trends
- Asia-Pacific is a crucial market for planting machines. Market growth of planting machines is significant in India and China.
- Europe and North America is dominating the market of planting machines due to high labor charges and scarcity.
- Indian government is promoting schemes for the benefits of farming and agricultural sectors such as Rashtriya Kisan Vikas Yojna and Kisan Credit Card scheme, where farmers will get subsidies for purchasing farming equipment and materials. This is expected to boost the market of planting machines in India.
- Escort Limited has acquired two crore equity shares of Kubota Corporation Japan in March 2020.
Key Benefits of the Report
- This study presents the analytical depiction of the planting machines market along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the planting machines market share.
- The current market is quantitatively analyzed to highlight the planting machines market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides a detailed planting machines market analysis based on competitive intensity and how the competition will take shape in coming years.
Planting Machines Market Report Highlights
| Aspects | Details |
 By Machinery Type |
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 By Design |
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 By Region |
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 Key Market Players | CNH Industrial NV, Mahindra & Mahindra Ltd., Kubota Corp., Deere & Co., ISEKI & Co. Ltd., Kasco Manufacturing Co. Inc, AGCO Corp., Yanmar Holdings Co. Ltd., Bourgault Industries Ltd., Bucher Industries AG |
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