Planting Equipment Market to Reach $29.44 Billion by 2031

Industry
โดย ResearchAndMarkets.com·Read original
Summary · why it matters

The global planting equipment market is forecasted to grow from USD 21.74 billion in 2026 to USD 29.44 billion by 2031, achieving a CAGR of 6.3%. Growth is driven by advancements in digital agronomy tools, precision fertigation systems, and data-driven nutrient management platforms. The mechanical planting equipment segment holds a substantial market share due to its cost-effectiveness and reliability, while the planter segment is one of the fastest-growing, particularly for row crops like corn, soybeans, and cotton. Key players include Deere & Company, AGCO Corporation, and CNH Industrial N.V., among others.

Impact on stocks 3

Climate Adaptation & Water▲ · 3 stocks
AGCO Corporation
AGCO
▲ PositiveDemandrelevance

Market growth forecast driven by precision farming tools benefits AGCO as a key player.

CNH Industrial N.V.
CNH
▲ PositiveDemandrelevance

Market growth forecast driven by precision farming tools benefits CNH Industrial as a key player.

Deere & Company
DE
▲ PositiveDemandrelevance

Market growth forecast driven by precision farming tools benefits Deere as a key player.

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