Global Seed Drills Market 2018-2022

Global Seed Drills Market 2018-2022

About Seed Drills

A seed drill is an agricultural equipment that sows an accurate quantity of seeds at an equal distance and depth in the agricultural field precisely. Seed drills that are suitable for both small and large grains have been considered in this market report.

Technavio’s analysts forecast the Global Seed Drills Market to grow at a CAGR of 3.11% during the period 2018-2022.

Covered in this report

The report covers the present scenario and the growth prospects of the seed drills market. To calculate the market size, the report considers the revenue generated from the sale of seed drills across the globe.

The market is divided into the following segments based on geography:

• Americas
• APAC
• EMEA

Technavio's report, seed drills market 2018-2022, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors

• AGCO
• CNH Industrial
• Deere & Company
• KUBOTA
• KUHN

Market driver

• Increased scarcity of labor in agricultural sectors
• For a full, detailed list, view our report

Market challenge

• Increase in cost of fuel
• For a full, detailed list, view our report

Market trend

• Increased popularity of pneumatic seed drills
• For a full, detailed list, view our report

Key questions answered in this report

• What will the market size be in 2022 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities and threats faced by the key vendors?
• What are the strengths and weaknesses of the key vendors?

PRESS RELEASE

Technavio Announces the Publication of its Research Report - Global Seed Drills Market 2018-2022

Technavio recognizes the following companies as the key players in the global seed drills market: AGCO, CNH Industrial, Deere & Company, KUBOTA, and KUHN.

Commenting on the report, an analyst from Technavio’s team said: “One trend affecting this market is the increased popularity of pneumatic seed drills. The increase in the demand for mechanization in the agricultural sector has led to the development of products such as pneumatic seed drills.”

According to the report, one driver influencing this market is the increased scarcity of labor in agricultural sectors. The global seed drills market is likely to witness a rapid growth owing to the fact that a large pool of labor from the agricultural sector has shifted to other labor-intensive industries resulting in immense scarcity of labor. Countries such US and Brazil are experience acute shortage of labor which has driven the labor costs very high. This phenomenon of rapid wage increase coupled with scarcity of labor is compelling farmers to adopt agriculture equipment, such as seed drills, which is expected to boost the growth of the market.

Further, the report states that one challenge affecting this market is the increase in cost of fuel. Agricultural equipment such as seed drills require the use of fuel for operations, and the rise in fuel prices is a major challenge for the growth of the global seed drills market.

Companies Mentioned

AGCO

CNH Industrial

Deere & Company

KUBOTA

KUHN