World News: 10:10 GMT Friday 7th December 2018. [Research and Markets via Globe Newswire via SPi World News]
Dublin, Dec. 07, 2018 (GLOBE NEWSWIRE) -- The report has been added to offering. The Global Seed Drills Market to grow at a CAGR of 3.11% during the period 2018-2022.
The report has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
One trend affecting this market is the increased popularity of pneumatic seed drills. The increase in the demand for mechanization in the agricultural sector has led to the development of products such as pneumatic seed drills.According to the report, one driver influencing this market is the increased scarcity of labor in agricultural sectors. 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.Further, the report states that one challenge affecting this market is the increase in cost of fuel. Agricultural equipment such as seed drills require the use of fuel for operations, and the rise in fuel prices is a major challenge for the growth of the global seed drills market.
PART 05: MARKET SIZING
PART 06: FIVE FORCES ANALYSIS
PART 07: MARKET SEGMENTATION BY TECHNOLOGY
PART 08: MARKET SEGMENTATION BY PRODUCT
PART 09: CUSTOMER LANDSCAPEPART 10: REGIONAL LANDSCAPE
PART 11: DECISION FRAMEWORKPART 12: DRIVERS AND CHALLENGES
PART 13: MARKET TRENDS
PART 14: VENDOR LANDSCAPE
PART 15: VENDOR ANALYSIS
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Related Topics: Agricultural Machinery and Equipment, Seeds, Hand Tools
Globe Newswire: 10:10 GMT Friday 7th December 2018
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