Global Industry Analysts, Inc. - Influencer Driven AI Powered Real-Time Market Intelligence

Untapped potential offered by low levels of farm automation in developing regions, replacement sales in developed markets, and growing reliance on machine power to drive farm productivity are poised to drive the global market for Planting & Fertilizing Machinery to reach US$15.5 billion by 2024 .   Planting and fertilizing machinery includes equipment used in accomplishing some of the very important initial tasks in farming such as sowing of seeds, planting of seedlings and application of fertilizers, among others. The general trend driving sales in the market is the need among agriculturists across the globe to adopt automated machinery as a replacement for hand-labor oriented farm activities, to maintain productivity and cost balance. Against the backdrop of population growth, the need to increase food production through limited arable land is rendering mechanization of farming activities a necessity. Also, falling agricultural commodity prices are exerting pressure on ...

The acute pain of agricultural labor shortages made more intense against a backdrop of growing population and food demand, urgent need for arable land expansion and farm productivity improvements to achieve food security goals are poised to drive the global market for Harvesting Machinery to reach US$36.9 billion by 2024 Harvesting machine is a mechanical device that aids in harvesting of crops by performing farm practices such as plucking, cutting, thrashing and winnowing. Harvesting machinery ranks as the second largest market segment in the global agricultural equipment market, following farm tractors. Against the backdrop of population growth, the need to increase food production through limited arable land is rendering mechanization of farming activities a necessity. Machines, such as harvesters, are considered to be a boon as they enable in multiplying the yield output by saving significant amount of time and effort. Future growth in the market is forecast to come primarily...