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Asia Pacific excluding Japan (APEJ): A Lucrative Market for Seed Drill Machines || Key Players: AgPro Equipment, CNH Industrial, TAEGE, Shapar Agro, HFL Fabricating, TAKA Co., and Allen Custom Drills.

03-07-2019 01:35 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Fact.MR

Asia Pacific excluding Japan (APEJ): A Lucrative Market for Seed

According to the report, demand for seed drill machines is growing on account of rising awareness among farm owners about the limitation of manual sowing. Seed drill machines offer advantages in terms of sowing seeds at appropriate depth. Further, seed drill machines are able to cover a larger area in a quick time vis-à-vis manual sowing, which has fuelled their adoption among farm owners looking for boosting farm productivity.

The 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.

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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.

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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.

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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About Fact.MR

Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized 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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