Home > Agriculture > Agri Machinery & Tech > Agri Equipment > Precision Planting Market

Precision Planting Market Share

Report ID: GMI7097
Published Date: Oct 2023
Report Format: PDF

Download Free Sample

Precision Planting Market Share

Major participants focus on implementing different growth strategies to strengthen their offerings and expand their market reach. These strategies involve new product developments & launches, partnerships & collaborations, mergers & acquisitions, and customer retention. These players also heavily invest in research & development to introduce innovative and technologically advanced solutions in the market. Some of the major players operating in the precision planting industry are mentioned below:

Ag Leader Technology
Agco Corporation
CNH Industrial
Deere & Company
Kinze Manufacturing
Topcon Positioning Systems
Trimble Inc.

Authors: Preeti Wadhwani, Aishvarya Ambekar

Frequently Asked Questions (FAQ) :

The market size of precision planting was worth USD 5.2 billion in 2022 and is projected to expand at over 10.1% CAGR from 2023 to 2032, owing to increasing adoption by farmers to optimize planting processes and reduce the need for manual labor.

Precision planting market size from the electric drive segment is set to grow at over 10% CAGR from 2023 to 2032, owing to higher usage for the plantation of more seeds in areas with high yield potential and fewer seeds in less productive areas.

North America precision planting market held more than 35% revenue share in 2022 and is poised to expand at notable growth rate through 2032, attributed to the rising demand for advanced agricultural technologies to enhance crop yields and reduce resource wastage.

Some of the top precision planting companies are Ag Leader Technology, Agco Corporation, CNH Industrial, Deere & Company, Kinze Manufacturing, Topcon Positioning Systems, and Trimble Inc.