Market Size of Europe Planting Machinery Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2019 - 2022 |
CAGR | 3.80 % |
Market Concentration | Low |
Major Players*Disclaimer: Major Players sorted in no particular order |
Europe Planting Machinery Market Analysis
The growing need and recent developments to automate the agriculture sector inthe region is driving the demand for planting machinery. Planting machinery is a part of farm mechanization equipment. After the addition of tractors and combine harvesters in farm automation, planting machinery further automate subsequent tasks in the farms, thereby inducing the growth of the market in the region.
Planting machinery offers solutions to crop farmers to sow the seeds. Despite tractors and combine harvesters being used widely, globally, planting machinery use is in the nascent stages and is in succession to tractors to reduce manual intervention in agriculture. Apart from increasing efficiency, mechanization in planting helps in increasing precision agricultural practices.
The European planting machinery market was observed as a high maturity stage becuase of the rise in the number of agricultural innovations in the region. Rising demand in developing countries like Romania and Belarus fuels the planting machinery market in the region. The scarcity of farm labor, high farm income, farm consolidation and widespread usage of tractors are the factors driving the sales of planting machinery in Europe.
Europe Planting Machinery Industry Segmentation
For the purpose of this report, the planting machinery used in agricultural operations has been considered. The report does not cover planting machinery used for industrial and construction purposes, or multi-purpose tractors, used for both agricultural and non-agricultural operations. The report contains a detailed analysis on various parameters of the Europe planting machinery market. The market has been segmented, based on machinery type, design and geography.
Machinery Type | |
Seed Drills | |
Planters | |
Broadcast Seeders | |
Transplanters |
Design | |
Automatic | |
Manual |
Geography | |
Germany | |
United Kingdom | |
France | |
Spain | |
Italy | |
Russia | |
Rest of Europe |
Europe Planting Machinery Market Size Summary
The European planting machinery market is experiencing growth driven by the increasing need for automation in the agriculture sector. As part of farm mechanization, planting machinery plays a crucial role in automating subsequent farming tasks after the initial use of tractors and combine harvesters. This automation not only enhances efficiency but also supports precision agricultural practices, which are becoming increasingly important. The market is in a high maturity stage due to the rise in agricultural innovations across the region, with developing countries like Romania and Belarus contributing to the demand. Factors such as labor scarcity, high farm income, and the widespread use of tractors are further propelling the market's expansion.
The market's growth is also supported by the European Union's Common Agricultural Policy (CAP), which provides significant subsidies to farmers, thereby influencing the revenue of the planting machinery market. Countries with advanced farm technology and high levels of mechanization have seen increased crop yields, helping them meet domestic and export demands. Despite recent subsidy cuts, countries like France continue to receive substantial financial support, which, along with strong farm unions, bolsters agricultural growth and, consequently, the planting machinery market. The market is moderately fragmented, with major global companies like Deere & Company, Agco Corporation, and New Holland Agriculture holding significant shares and competing through strategic product developments and promotions.
Europe Planting Machinery Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.3 Market Restraints
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1.4 Porter's Five Force Analysis
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1.4.1 Bargaining Power of Suppliers
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1.4.2 Bargaining Power of Buyers
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1.4.3 Threat of New Entrants
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1.4.4 Threat of Substitute Products
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1.4.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 Machinery Type
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2.1.1 Seed Drills
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2.1.2 Planters
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2.1.3 Broadcast Seeders
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2.1.4 Transplanters
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2.2 Design
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2.2.1 Automatic
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2.2.2 Manual
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2.3 Geography
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2.3.1 Germany
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2.3.2 United Kingdom
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2.3.3 France
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2.3.4 Spain
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2.3.5 Italy
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2.3.6 Russia
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2.3.7 Rest of Europe
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Europe Planting Machinery Market Size FAQs
What is the current Europe Planting Machinery Market size?
The Europe Planting Machinery Market is projected to register a CAGR of 3.80% during the forecast period (2024-2029)
Who are the key players in Europe Planting Machinery Market?
Deere & Company, New Holland Agriculture ( CNH Industrial NV Brand), Kuhn Group, AGCO Corporation and Visser Horti Systems are the major companies operating in the Europe Planting Machinery Market.