Future of Seed Drill Machines Market 2017: Size, Trends, Share and Growth Forecast till 2026

Recently, a novel report developed using proven research methodologies at the headquarters of Fact. MR has identified various prominent factors and trends prompting market growth of seed drill machines market. The study is titled as “Seed Drill Machines Market Forecast, Trend Analysis & Competition Tracking – Global Review 2017 to 2026”, which deeply analyses the global market trends, with historical data from 2016 and 2017, and projections of compound annual growth rates (CAGRs) during the mentioned forecast of 2017-2026. For the benefit of the readers, the report concludes with a special focus on the detailed profiles of the major vendors in the global seed drill machines market.

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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.

Demand for Tine Seeders Higher than Disc Seeders

Farm owners are showing a marked preference for tine seeders vis-à-vis disc seeders on account of their flexibility and higher margin for error. Although disc seeders are adequate for ideal conditions – firm and non-compact ground – they have severe limitations in less-than-ideal conditions. The incorporation of pre-emergent herbicides is higher in tine seeders and they are better at controlling grass weeds. On account of these factors, demand for tine seeders is likely to remain higher than disc seeders, with the former accounting for projected to surpass US$ 317 Mn in revenues by the end of the forecast period.

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.

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In many countries of Asia Pacific, mechanization was limited to the use of tractors and harvesters. The use of machines for sowing remained an afterthought for many years, however, investment has witnessed a steady increase in the recent past. Although the adoption rate is impressive, there is lot of scope for further penetration of seed drill machines.

Sensing the unique opportunities in agrarian societies such as China and India, manufacturers are focusing on raising awareness on the benefits of seed drill machines. The high input and low output challenge associated with manual sowing can be countered with the use of seed drill machines, and manufacturers are positioning their products on these lines. The rising seed and fertilizer costs are putting pressures on farm owners to increase productivity, and seed drill machines have emerged as a prudent option.

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.

Seed Drill Machine Manufacturers Focusing on Increasing their Penetration in Asia Pacific excluding Japan (APEJ)

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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This release was published on openPR.