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Seed Drill Machines Market

Seed Drill Machines Market

Seed Drill Machines Market Analysis, By Product (Mechanical, Pneumatic, Combination, Manual Seed Drills), By Mechanism (Disc Seed, Tine Seed Drill Machines), By Working Width (Below 2 m, 2-3 m, 3-4 m, 4-5 m, Above 5 m), By Region - Global Insights 2022-2032

Seed Drill Machines Market
FACT523MR
  • May-2022
  • List of Tables : 112
  • List of Figures : 94
  • 170 Pages
  • Automotive

Seed Drill Machines Market Outlook (2022-2032)

Worldwide sales of seed drill machines are estimated at US$ 548.4 Mn in 2022.Detailed industry analysis reveals that the global seed drill machines market is set to reach a valuation of US$ 769.8 Mn by 2032, expanding at a CAGR of 3.4% over the next ten years.

Report Attributes

Details

Seed Drill Machines Market Size (2021A)

US$ 532.9 Mn

Estimated Market Value (2022E)

US$ 548.4 Mn

Forecasted Market Value (2032F)

US$ 769.8 Mn

Global Market Growth Rate (2022-2032)

3.4% CAGR

Asia Pacific Market Share (2021)

~42%

Asia Pacific Growth Rate (2022-2032)

~4.1% CAGR

India Growth Rate (2022-2032)

~4.3% CAGR

Market Share of Top 5 Companies

~23%

Key Companies Profiled

  • KUBOTA Corporation
  • Mahindra and Mahindra
  • Derre and Company
  • Farmet A.S
  • AGCO Corporation
  • KUNH Machines
  • Bobcat Company
  • CLAAS KGaA GmbH
  • Agrowplow Pty. Ltd.
  • Dale Drills
  • Landoll Corporation
  • Kasco Manufacturing Co

Demand for seed drill machines is likely to grow steadily because of rising farm mechanization, varied benefits of seed drills, and product improvements by manufacturers.

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Demand Analysis of Seed Drill Machines (2017-2021) in Comparison to Market Growth Forecasts (2022-2032)

Seed drill machines are mainly used for seed plantations in an agricultural setting at a fixed depth and distance, which lead to boosting farm productivity. Uneven seed sowing can affect the growth of crops, making them undernourished because of lack of appropriate minerals and sunlight.

Seed drill machines are being increasingly adopted as a significant percentage of the population is migrating to non-farm job, leading to lack of availability of required labour.

Along with this, rising awareness about the benefits of using seed drills for sowing seeds as compared to manual sowing is leading to enhanced adoption of seed drill machines.

Also, rising trend for leasing seed drill equipment is anticipated to fuel demand, and the market is likely to gain 147 BPS during forecast years of 2022-2032.

  • Short-run (2022 Q2 to 2025): Rising trend of farm mechanization will drive sales of seed drill machines in the short term.
  • Medium-run (2025-2028): In the medium term, demand is anticipated to grow on the back of innovations in seed drill machines that are capable of planting seeds in a non-haphazard manner.
  • Long-run (2028-2032): In the long term, the market is anticipated to observe moderate growth because of a matured market in most regions; however, product improvements can aid in additional demand.

Fact.MR projects the seed drill machines market to witness growth at 3.4% CAGR during 2022 and 2032 in comparison to the CAGR of 2.1% from 2017 and 2021.

Seed drill machines market forecast by Fact.MR

This image provides market share analysis by product, mechanism, and region, in a nutshell. Under the product segment, mechanical seed drills dominated the market by holding 41.2% share in 2021.

Which Factors Contribute to Steady Growth of the Seed Drill Machines Market?

“Increasing Agricultural Production to Support Demand Growth of Seed Drill Machines”

Agriculture is one of the prime sectors of any economy contributing to global GDP and supporting the economy by enhancing food security. The effort to increase agricultural production across the world as a measure to support the rising population will fuel seed drill machines market growth over the assessment period.

According to a study published by The Lancent in 2020, funded by the Global Burden of Disease study, the global population will peak at 9.7 billion by 2064. Thus, to ensure food security for this huge population, agricultural output needs to be boosted by enhanced production. This will require the application of seed drill machines, and their demand is expected to rise ~27% during the period of forecast.

“Leasing of Seed Drills to Offer Attractive Prospects”

The trend of leasing seed drill systems is gaining immense popularity among farm owners, due to which, new rental businesses are coming up to cater to this growing demand in the market. Leasing of seed drills is likely to gain momentum in the future on the back of fading perception towards ownership of equipment.

In addition to this, leasing also narrows down operating costs, creating attractive prospects and opportunities in the global seed drill machines market. This trend is estimated to fuel market growth by 1.1X during 2022-2032.

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Region-wise Insights

How is the Europe Seed Drill Machines Market Faring?

“Regional Market Growth Driven by Rising Agriculture Mechanism”

The Europe seed drill machines market accounts for 24.3% of the global market share, and is projected to register 3.6% CAGR during the period of forecast years of 2022-2032.

The European agricultural sector is highly productive and is characterized by highly intensive production. Escalating mechanization of agriculture in the region will support seed drill machine demand and growth over the coming years.

Why is Asia Pacific a Leading Market for Seed Drill Machines?

“Asia Pacific to Dominate with Over Two-fifths Market Share”

The Asia Pacific seed drill machines market holds 41.7% global market share. Growth of the East Asia seed drill machines market and South Asia & Oceania seed drill machines market is projected at 3.9% and 4.1% CAGRs, respectively, during the period of forecast.

High market growth in the region is attributed to the rising agricultural industry in economies such as India and China, where a significant percentage of the population is engaged in agriculture.

Moreover, the agricultural sector in these regions is witnessing transformation, where farmers are opting for mechanization, and they are seen investing in farm machinery and equipment. This trend is likely to support adoption of seed drill machines.

Category-wise Insights

Which Type of Seed Drill Machines Will Bring in More Profits?

“Mechanical Seed Drill Machines to Remain Highly Popular”

The seed drill machines market, under product, is segmented into mechanical seed drills, pneumatic seed drills, combination seed drills, and manual seed drills.

Mechanical seed drill machines dominate the market with 41.2% market share, and are projected to register 4.1% CAGR during the period of forecast.

Higher growth of this segment is attributed to the low cost of mechanical seed drill machines as compared to pneumatic seed drills and combination seed drills. Besides, they are particularly suitable for small- and medium-sized farms, facilitating precise seed placement and uniform field emergence.

Pneumatic seed drill machines and combination seed drill machines hold 27.6% and 25.9% market share, respectively, and are projected to rise at 3.5% and 3.3% CAGRs during 2022-2032.

Demand for both these types is likely to grow on the back of increasing awareness of the benefits provided by these seed drills. Numerous features and multiple benefits are likely to foster demand for pneumatic and combination seed drill devices among end users over the coming years.

Which Mechanism Do End Users Prefer?

“Tine Seed Drill Machines Seeing High Usage across the World”

Under the mechanism segment, the seed drill machines market is segmented into disc seed drill machines and tine seed drill machines.

Tine seed drill machines hold a larger market share of 52.4%. The segment is likely to register 3.7% CAGR during the forecast years.

Preference for tine seed drill machines is high on account of flexibility along with incorporation of pre-emergent herbicides, which is higher in this segment, and can control grass weeds in a better way.

Disc seed drill machines hold 47.6% market share and are set to register 3.1% CAGR over the assessment period. These seed drills are adequate in ideal conditions; however, they have several limitations while being used in less-than-ideal conditions.

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Competitive Landscape: Top Companies in Seed Drill Machines Market

The global seed drill machines market is highly competitive and fragmented because of the presence of numerous regional and international players. Several marketing strategies such as mergers and acquisitions, expansions, partnerships, and collaborations are being adopted by key players in the market.

Along with this, new product development is also adopted as a strategic approach by companies to expand their presence in the market and garner a wider consumer base.

For instance :

  1. Mahindra and Mahindra, in 2020, announced the launch of a new potato planting machine under the Farm Equipment Sector (FES). It is developed in collaboration with Dewulf, which is the company’s Europe-based partner. This planter ensures a high level of singulation and is likely to offer higher yield and enhanced quality
  2. Deere and Company, in 2022, was awarded with eight 2022 AE50 awards for innovations in improving agricultural production, tractors, planters, liquid fertilizer systems, cotton harvesters, etc.

Fact.MR has provided detailed information about the price points of key manufacturers in seed drill machines market positioned across regions, sales growth, production capacity, and speculative technological expansion, in the recently published report.

Seed Drill Machines Industry Research by Category

  • Seed Drill Machines Market by Product :

    • Mechanical Seed Drills
    • Pneumatic Seed Drills
    • Combination Seed Drills
    • Manual Seed Drills
  • Seed Drill Machines Market by Mechanism :

    • Disc Seed Drill Machines
    • Tine Seed Drill Machines
  • Seed Drill Machines Market by Working Width :

    • Below 2 m Seed Drill Machines
    • 2-3 m Seed Drill Machines
    • 3-4 m Seed Drill Machines
    • 4-5 m Seed Drill Machines
    • Above 5 m Seed Drill Machines
  • Seed Drill Machines Market by Region :

    • North America Seed Drill Machines Market
    • Latin America Seed Drill Machines Market
    • Europe Seed Drill Machines Market
    • East Asia Seed Drill Machines Market
    • South Asia & Oceania Seed Drill Machines Market
    • MEA Seed Drill Machines Market

- FAQs -

The global seed drill machines market is estimated to be worth US$ 548.4 Mn in 2022.
Seed drill machine demand is anticipated to reach US$ 769.8 Mn by 2032.
During 2017-2021, the global seed drill machines market expanded at 2.1% CAGR.
Some of the prominent players in the seed drill machines market are KUBOTA Corporation, Mahindra and Mahindra, Derre and Company, Farmet A.S, and AGCO Corporation.
Asia Pacific tops the global seed drill machines market accounting for 41.7% share in 2022.
Mechanical seed drills contribute 41.2% share to the global sales of seed drill machines.

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