Press release
Global Seed Drill Machines Market Projected to Reach a Value US$ 620 Mn by 2026-end
Fact.MR
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The global seed drill machines market is projected to reach a value of nearly US$ 620 Mn by the end of 2026, according to a new research report by Fact.MR. In terms of volume, global sales are expected to surpass 290 thousand units by the end of forecast period. Broader sluggishness in the agriculture sector is likely to rub off on the prospects of seed drill machine manufacturers.
Seed Drill Machines with 3-4m and Below 2m Working Width Account for Significant Demand
Seed drill machines are available in various working widths, ranging from below 2m to above 5m. Among these, demand for seed drill machines with working width 3-4m and below 2m remains the highest. In terms of revenues, seed drill machines with 3-4m working width accounted for over US$ 126 Mn in revenues in 2017.
Mechanical Seed Drill Machines Outsell Pneumatic and Combination Seed Drill Variants
Demand for mechanical seed drills continues to be higher than pneumatic and combination seed drills. The cost of mechanical seed drills is lower than pneumatic and combination seed drills, which has been a key factor for their higher adoption. However, increasing awareness on the benefits of pneumatic and combination seed variants is fostering demand among end-users. On account of its various features and benefits, the growth rate of combination seed drill variants is likely to be higher pneumatic and mechanical seed drill machines.
Asia Pacific excluding Japan (APEJ): A Lucrative Market for Seed Drill Machines
Demand for seed drill machines continues to grow at a brisk pace in Asia Pacific excluding Japan (APEJ). The demand is especially higher in China and India, as a significant percentage of the population is engaged agriculture as a means of livelihood. The agriculture sector in both China and India is witnessing a transformation, as farm owners have to adapt to the changes in the workforce availability. According to estimates, over 10 million farm workers have shifted to non-agriculture based jobs in India over a decade. The limitation in terms of lack of labor is influencing farm owners to invest in farm machinery and equipment. The scenario is not starkly different in China, where a steady adoption of seed drill machines has been witnessed in the last decade or so.
Asia Pacific excluding Japan – the largest market for seed drill machines in terms of both value and volume – is likely to offer a steady stream of opportunities to manufacturers. Sensing the opportunities in the market, leading manufacturers are focusing on increasing their footprint in the region. Some of the leading players in the market include KUBOTA Corporation, Mahindra & Mahindra, Derre and Company, Farmet a. s., AGCO Corporation, KUNH Machineries, Bobcat Company, CLAAS KGaA mbH, Agrowplow PTY LTD, Dale Drills, Mascar SpA, Seedhawk, Landoll Corporation, Claydon Yield-o-Meter Ltd., DUNCAN AG, Kasco Manufacturing Co., Great Plains Manufacturing, Inc., NOVAG, Davimac Manufacturing, T. G. Schmeiser Co., Inc., AgPro Equipment, CNH Industrial, TAEGE, Shapar Agro, HFL Fabricating, TAKA Co., and Allen Custom Drills
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Table of Content:
1. Global Economic Outlook
2. Global Seed Drill Machine Market – Executive Summary
2.1. Opportunity Analysis
2.2. Mega Trends
3. Global Seed Drill Machine Market Overview
3.1. Introduction
3.1.1. Global Seed Drill Machine Market Taxonomy
3.1.2. Global Seed Drill Machine Market Definition
3.2. Global Seed Drill Machine Market Size (US$ Mn) & Volume (units) and Forecast, 2012-2026
3.2.1. Global Seed Drill Machine Market Y-o-Y Growth
3.3. Global Agricultural Machinery Market
3.4. Growth Opportunities of Seed Drill Machine and other Agricultural Equipment in Agriculture Sector
3.5. Impactful Trends Transforming Agriculture to High-Tech Industry
3.6. Key Challenges and Opportunities for Agriculture Machinery
3.7. Global Seed Drill Machine Market Dynamics
3.8. Value Chain
4. Global Seed Drill Machine Market Analysis and Forecast 2012-2026
4.1. Global Seed Drill Machine Market Size and Forecast By Product Type, 2012-2026
4.1.1. Mechanical Seed Drills Market Size and Forecast, 2012-2026
4.1.1.1. Revenue (US$ Mn) & Volume (Unit) Comparison, By Region
4.1.1.2. Market Share Comparison, By Region
4.1.1.3. Y-o-Y growth Comparison, By Region
4.1.2. Pneumatic Seed Drills Market Size and Forecast, 2012-2026
4.1.2.1. Revenue (US$ Mn) & Volume (Unit) Comparison, By Region
4.1.2.2. Market Share Comparison, By Region
4.1.2.3. Y-o-Y growth Comparison, By Region
Continued….
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About Fact.MR
Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized automotive market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that’s why we publish multi-industry global, regional, and country-specific research reports.
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