North America - Agriculture Seeder Market 2024-2028
The North America - Agriculture Seeder Market size is forecast to increase by USD 402.4 million, at a CAGR of 4.57% between 2023 and 2028. The growth rate of the market depends on several factors, such as the technological advances in agricultural equipment, the narrowing yield gap, and the introduction of single-disc drills for precision farming.
The report offers extensive research analysis on the market, with a categorization based on Product, including air seeders and seed drills, and seed planters. Market size, historical data (2018-2022), and future projections are presented in terms of value (in USD million) for all the mentioned segments.
Market Forecasting and Size
Market Forecast 2024-2028
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Market Dynamics
Our researchers studied the market research and growth data for years, with 2023 as the base year and 2024 as the estimated year, and presented the key drivers, trends, and challenges for the market. Although there has been a disruption in the market growth during the COVID-19 pandemic, a holistic analysis of drivers, trends, and challenges of market growth and forecasting will help companies refine marketing strategies to gain a competitive advantage.
Driver - Technological advances in agricultural equipment
North America is one of the major regions using technologically advanced products in agriculture. In addition, the agriculture seeder market in North America has enabled new scale and efficiencies in farming. Furthermore, the seeding equipment helps farmers increase their production and improve the quality of farm life.
Moreover, improper crop geometry in fields is a prime factor in reducing yields. In addition, these technologically advanced, mechanized devices sow the seeds in proper geometry and provide accurate results, thereby increasing the yields. Hence, such factors are positively impacting the market which in turn drives the market growth during the forecast period.
Trends - Growing adoption of precision agriculture
Precision agriculture comprises the use of advanced technologies, such as GPS guidance, sensors, and data analytics, to optimize various farming practices, including seeding. In addition, precision agriculture techniques enable farmers to manage field variability precisely, leading to improved crop yields, resource efficiency, and overall farm profitability.
Moreover, precision agriculture technologies, when integrated into agriculture seeders, offer several advantages. In addition, GPS-guided seeders, for example, ensure accurate seed placement and spacing, optimizing the use of seeds and enhancing crop uniformity. Furthermore, variable rate seeding systems allow farmers to adjust seeding rates based on specific field conditions, contributing to resource efficiency and cost savings. Hence, such factors are driving the market growth during the forecast period.
Challenge - Growing preference for used agriculture seeders
For farmers, particularly low-income and marginal farmers, opting for used or second-hand farm machinery, such as agriculture seeders, saves the costs incurred on purchasing new farm equipment. In addition, farmers can invest difference amounts in other farming areas, such as farm chemicals and transportation.
Moreover, the availability of financing options for farmers makes the purchase of second-hand machinery even more cost-effective. Therefore, farmers prefer to buy used farm machinery, including agriculture seeders. Furthermore, fluctuations in commodity prices, which impact farmers profit margins, are also the reason for preferring used farm machinery. Hence, such factors are hindering the market growth during the forecast period.
Market Segmentation by Product
Product Segment Analysis:
The air seeders and seed drills segment is estimated to witness significant growth during the forecast period. Air seeders segment works best with round and small seeds. In addition, the air seeders available in the market deliver seeds and fertilizers. Furthermore, the seed drills sow the seeds at equal distances and proper depth, ensuring that the seed is covered with soil.
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The air seeders and seed drills segment was the largest segment and was valued at USD 871.74 million in 2018. Moreover, the market for air seeders and seed drills in North America is growing at a steady rate. In addition, the presence of large agricultural land in the US, an increase in agricultural land in Canada, and the rise in the availability of agriculture equipment products such as air seeders are the key factors for the growth of this segment. Furthermore, many players in the US and Canada are offering air seeders and seed drill products. Hence, such factors are fuelling the growth of this segment which in turn drives the market growth during the forecast period.
Who are the Major Market Companies?
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
AGCO Corp: The company offers agriculture seeder such as Fendt planters and Grain drill. They can be used for minimum tillage to primary tillage
We also have detailed analyses of the market’s competitive landscape and offer information on 20 market companies, including:
Amity Technology, Clean Seed Capital Group Ltd., CNH Industrial NV, Deere and Co., Gandy Co., Great Plains Ag, Groupe Limagrain, HFL Fabricating, HORSCH Maschinen GmbH, Kinze Manufacturing Inc., Kubota Corp., Linamar Corp., Morris Industries Ltd., SZ DJI Technology Co. Ltd., Trimble Inc., Vaderstad AB, and PrecisionHawk Inc.
Technavio market forecast is an in-depth analysis of the market and its players through combined qualitative and quantitative data. The analysis classifies companies into categories based on their business approaches, including pure-play, category-focused, industry-focused, and diversified. Companies are specially categorized into dominant, leading, strong, tentative, and weak, based on their quantitative data analysis.
Segment Overview
The market analysis and report forecasts market growth by revenue and provides an analysis of the latest trends and growth opportunities from 2018 to 2028.
- Product Outlook
- Air seeders and seed drills
- Seed planters
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North America Agriculture Seeder Market Scope |
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Report Coverage |
Details |
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Page number |
134 |
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Base year |
2023 |
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Historic period |
2018-2022 |
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Forecast period |
2024-2028 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 4.57% |
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Market Growth 2024-2028 |
USD 402.4 million |
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Market structure |
Fragmented |
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YoY growth 2023-2024(%) |
4.21 |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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Key companies profiled |
AGCO Corp., Amity Technology, Clean Seed Capital Group Ltd., CNH Industrial NV, Deere and Co., Gandy Co., Great Plains Ag, Groupe Limagrain, HFL Fabricating, HORSCH Maschinen GmbH, Kinze Manufacturing Inc., Kubota Corp., Linamar Corp., Morris Industries Ltd., SZ DJI Technology Co. Ltd., Trimble Inc., Vaderstad AB, and PrecisionHawk Inc. |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
What are the Key Data Covered in this North America Agriculture Seeder Market Research Report?
- CAGR of the market during the forecast period
- Detailed information on factors that will drive the growth of the Agriculture Seeder Market in North America between 2023 and 2028
- Precise estimation of the market growth and trends and its contribution to the market in focus on the parent market
- Accurate predictions about upcoming market trends and analysis and changes in consumer behavior
- Market growth and forecasting across North America
- A thorough market growth analysis and report of the market’s competitive landscape and detailed information about companies
- Comprehensive market report analysis of factors that will challenge the growth of market companies
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