Sales on a Steep Decline amid COVID-19 Pandemic; Trade Restrictions Put a Major Dent on Industry Seed Drill Machines Finds a New Fact.MR Study

CITY, Country, 2021-Feb-18 — /EPR Network/ —

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.

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.

For more insights into the Market, Request a Sample of this Report:

https://www.factmr.com/connectus/sample?flag=S&rep_id=523

Seed drill machine sales are also growing on account of macroeconomic factors, such as rising urbanization and shift to non-agrarian jobs. In China and India – countries with a significant population engaged in agriculture as a means of livelihood – urbanization has led to a reduction in availability of labor. The problem has been compounded by lucrativeness of other non-agrarian based jobs. These broader factors positively influencing sales of seed drill machines. However, sluggishness in the agriculture sector and shrinking profit margins continue to pose challenges for the growth of the seed drill machines market.

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.

Need more information about Report Methodology? Ask here:

https://www.factmr.com/connectus/sample?flag=RM&rep_id=523

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.

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.

Looking for Regional & Segment Analysis? Check here: (Ask Analyst)

https://www.factmr.com/connectus/sample?flag=AE&rep_id=523

About Fact.MR

Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Our sales offices in United States and Dublin, Ireland. Headquarter based in Dubai, UAE. Reach out to us with your goals, and we’ll be an able research partner. 

Contact:
US Sales Office:
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583

Corporate Headquarter:
Unit No: AU-01-H Gold Tower (AU),
Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers,
Dubai, United Arab Emirates