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Global Agriculture Planting and Seeding Equipment Market 2018-2022 | Increasing Popularity of Automatic Agriculture Machines Emerges as a Key Trend | Technavio

The Associated Press

LONDON--(BUSINESS WIRE)--Dec 6, 2018-- analysts forecast the global agriculture planting and seeding equipment market to grow at a CAGR of more than 6% during the forecast period, according to their latest market research report. The growth momentum of the market is expected to accelerate in the year-over-year growth.

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Technavio has released a new market research report on the global agriculture planting and seeding equipment market for the period 2018-2022. (Graphic: Business Wire)

The increasing popularity of automatic agriculture machines for planting and seeding is one of the major trends being witnessed in the . Mechanical agriculture equipment is losing its charm against the automatic agriculture machines for planting and seeding because of its rising popularity. This is due to the increasing acceptance of automatic agriculture machines for planting and seeding that allows the farmers a better and optimized sowing season, along with increased profitability from the agriculture land. This has, thus, increased the popularity of automatic seeding and planting equipment in the market.

This report is available at a USD 1,000 discount for a limited time only:

According to Technavio analysts, one of the key factors contributing to the growth of the global agriculture planting and seeding equipment market is the reduction in labor costs due to the use of agriculture machines for planting and seeding:

Global agriculture planting and seeding equipment market: Reduction in labor costs due to the use of agriculture machines for planting and seeding

Technologically advanced agriculture equipment is being widely adopted by farmers in place of the traditional labor-intensive jobs in the agriculture field because it encourages the farmers by rapidly increasing labor wages coupled with growing labor scarcity caused by the shift of workers from the agriculture sector to the other non-agriculture sector. Thus, the adoption of agriculture machines for planting and seeding aids in significantly reducing labor costs and simultaneously increasing the overall efficiency.

According to a senior analyst at Technavio, “The use of agriculture machines such as the tractor operated Zero-Till Seed-Cum-Fertilizer Drill allows farmers, on an average, to save 50%-60% of the time and 40%-50% of the cost. This agriculture machine costs about USD 530 to USD 630 in the Indian subcontinent and the use of this agriculture equipment allows the farmer to save up to USD 20 per hectare per hour in costs.”

Global agriculture planting and seeding equipment market: Segmentation analysis

The global agriculture planting and seeding equipment market research report provides market segmentation by product (seed drills, planters, and air seeders) and by region (the Americas, EMEA, and APAC). It provides an in-depth analysis of the prominent factors influencing the market, including drivers, opportunities, trends, and industry-specific challenges.

EMEA held the largest share of the market in 2017, accounting for more than 39% share. It was followed by the Americas and APAC respectively. The dominance of EMEA can be attributed to the reduction in labor costs due to the use of agriculture machines for planting and seeding and growth of mechanization in agriculture.

Looking for more information on this market?

Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.

Some of the key topics covered in the report include:

Market Landscape

Market Sizing

Five Forces Analysis

Market Segmentation

Geographical Segmentation

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

About Technavio

is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

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View source version on businesswire.com:https://www.businesswire.com/news/home/20181206005730/en/

CONTACT: Technavio Research

Jesse Maida

Media & Marketing Executive

US: +1 844 364 1100

UK: +44 203 893 3200

www.technavio.com

KEYWORD: EUROPE ASIA PACIFIC NORTH AMERICA SOUTH AMERICA AFRICA MIDDLE EAST

INDUSTRY KEYWORD: MANUFACTURING OTHER MANUFACTURING NATURAL RESOURCES AGRICULTURE PROFESSIONAL SERVICES OTHER PROFESSIONAL SERVICES

SOURCE: Technavio Research

Copyright Business Wire 2018.

PUB: 12/06/2018 12:32 PM/DISC: 12/06/2018 12:32 PM

http://www.businesswire.com/news/home/20181206005730/en

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