Global Planting Machinery Market will to Reach $6.5 Billion by 2020

The global planting machinery market is projected to reach USD 6.5 billion by 2020. Planting machinery offers solutions to crop farmers to sow the seeds for crop production. Tractors and combine harvesters are used widely across the globe, planting machinery use is in nascent stages and is in succession to tractors to reduce manual intervention in agriculture.

Short shelf life of conventional machines rises the need for technically advanced machineries to achieve higher productivity and substitute human labor. Technological advancement through government support along with heavy integration of precision farming is going to provide opportunities for future growth.

Government subsidies, scarcity of farm labour, high farm income, farm consolidation and widespread usage of tractors are the factors driving the sales of planting machinery around globe.

North America and Europe are the major markets for planting machinery given to high land mass usage and extensive, large scale farming practices. Asia-Pacific region led by India and China is crucial for market growth because of increasing penetration of farm automation.

Source: http://www.businesswire.com