MarketsandMarkets Report: Global Planting Equipment Market Projected to Reach $29.4 Billion by 2031
2026-04-11 15:05
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en.Wedoany.com Reported - On April 9, 2026, a report by MarketsandMarkets revealed that the global planting equipment market is projected to grow from $21.74 billion in 2026 to $29.4 billion by 2031, achieving a compound annual growth rate (CAGR) of 6.3%. This growth is primarily driven by the demand for precision agriculture, as farmers increasingly adopt equipment such as seeders, drills, and pneumatic seeders to enhance crop productivity and reduce reliance on labor.

The expansion of the planting equipment market is facilitated by the application of technologies like GPS and variable rate seeding, which optimize resource utilization and lower costs. By crop type, the cereals segment dominates the market due to their widespread cultivation and the need for efficient large-scale operations, especially for wheat, rice, and corn. The oilseeds & pulses market also shows significant performance, driven by growing demand for crops like soybeans. The fruits & vegetables segment is increasingly utilizing precision planting equipment to ensure uniform spacing and improve quality.

Geographically, Europe led the global market in 2026 with a 39.8% share, while North America ranked second, attributed to its high level of agricultural mechanization and large-scale commercial farms. The North American market primarily focuses on crops such as corn, soybeans, and wheat. The widespread use of planting equipment, supported by major manufacturers like Deere & Company and AGCO Corporation, is expected to further drive growth in this region. The automation segment and the pneumatic seeders segment are projected to achieve the highest growth rates, at 6.4% and 6.3% respectively.

The report lists key players in the planting equipment market, including Deere & Company (US), AGCO Corporation (US), CNH Industrial N.V. (UK), Väderstad AB (Sweden), Kinze Manufacturing (US), Bourgault Industries Ltd. (Canada), KUHN Group (France), SeedMaster Manufacturing Ltd. (Canada), HORSCH Maschinen GmbH (Germany), MaterMacc S.p.A. (Italy), LEMKEN GmbH & Co. KG (Germany), Maschio Gaspardo (Italy), Kubota Corporation (Japan), Sfoggia Agriculture Division (Italy), and Yanmar Co., Ltd. (Japan). The innovation and promotion efforts of these companies contribute to the ongoing development of the global planting equipment market.

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