Seed Drill Machines Market Projected to Register 3.1% CAGR through 2017
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. 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...