Global Seed Drills Market 2018-2022

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The global seed drills market is expected to grow at a steady CAGR of more than 3% during the forecast period

Seed drills industry growth is expected to accelerate over the next five years, driven by the increased scarcity of labor in agricultural sectors across the globe. 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. Technavio’s seed drills industry analysis reveals promising markets around the world.

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EMEA will drive the largest growth for the seed drills market over the next five years

Almost 37% of the incremental growth in the global seed drills market will be driven by EMEA, while the Americas and APAC will make moderate contributions to the market size. The Americas dominated the global seed drills market in terms of market share followed by EMEA and APAC. In addition, the Americas are expected to retain their dominant position in the global seed drills market at the end of the forecast period. However, EMEA is forecasted to witness the fastest rate of growth in the global seed drills market, while APAC will post a higher CAGR than the Americas during the period of forecast.

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AGCO, CNH Industrial and Deere & Company are among the leading seed drill manufacturers

The global seed drills market is expected to become highly concentrated during the course of the forecast period owing to the existence of a few international and regional seed drill manufacturers who offer agricultural equipment such as seed drill and disc seed drill. Most of the key seed drill manufacturers are continuously developing new products with enhanced features that allow the farmers to increase the efficiency of the sowing process and overcome the challenges of scarcity of labor. Most of the leading seed drill manufacturers are vying for their share of the global seed drills market, and all the players must differentiate themselves to gain vital traction over their peers.

This report offers a complete analysis of several companies, including:

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

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