Global Air Seeders Market - 2023-2030

Global Air Seeders Market - 2023-2030

Market Overview

The global air seeders market reached US$ XX million in 2022 and is projected to witness lucrative growth by reaching up to US$ XX million by 2030. The market is expected to exhibit a CAGR of 5.7% during the forecast period (2023-2030).

Air seeder helps farmers make seeding efficient and quicker. This heavy-duty machine is generally made to reduce the need to till the soil pre-seeding. Air seeders are providing benefits such as sowing thousands of seeds quickly, accurately, and evenly, which saves labor costs as well as time. The rising agricultural mechanization and increasing demand for food in the global market are expected to drive the air seeder industry over the forecast period. In addition, the development of sophisticated and innovative technologies which reduce time and labor, as well as the cost of sowing, is promoting the adoption of air seeders.

Market Dynamics

The growing need for precision agriculture is driving the air seeders market

Precision agriculture is a farming approach that uses advanced technologies to optimize crop production, reduce waste, and increase profitability. Air seeders are an important tool in precision agriculture because they can plant seeds with a high degree of accuracy and consistency. One way that precision agriculture is driving the air seeders market growth is through the use of variable rate seeding. According to Statista, precision farming's market worth is anticipated to increase from roughly seven billion dollars in 2022 to 14.5 billion dollars by 2030.

The high initial investment is hampering the air seeders market growth

Air seeders can be expensive, with prices ranging from tens of thousands to hundreds of thousands of dollars, depending on the size and complexity of the machine. This can make it difficult for smaller farmers or those with limited budgets to invest in this technology. In addition to the high upfront cost, there are also ongoing costs associated with owning and operating an air seeder, such as maintenance, repairs, and fuel or electricity costs. These ongoing expenses can add up quickly and may be a further deterrent for some farmers.

COVID-19 Impact Analysis

The COVID-19 analysis includes Pre-COVID Scenario, COVID Scenario and Post-COVID Scenario along with pricing dynamics (including pricing change during and post-pandemic comparing it with pre-COVID scenarios), demand-supply spectrum (shift in demand and supply owing to trading restrictions, lockdown, and subsequent issues), government initiatives (initiatives to revive market, sector or industry by government bodies) and manufacturers strategic initiatives (what manufacturers did to mitigate the COVID issues will be covered here).

Russia-Ukraine War Impact

The ongoing conflict between Russia and Ukraine has had a significant impact on the air seeders market in the region. Ukraine is a major producer of agricultural commodities such as wheat, corn, and sunflower seeds, and the country's farmers rely heavily on modern farming equipment, including air seeders, to maximize crop yields. The conflict has disrupted agricultural production and led to a shortage of farm machinery, including air seeders.

AI Impact

The use of AI-based technology helps to increase productivity across all industries, including the agricultural one, by addressing issues with crop yield, irrigation, soil content sensing, crop monitoring, weeding, and crop establishment. The typical farm is predicted to produce 4.1 million data points per day on an average by 2050.

Segment Analysis

The global air seeders market is segmented based on product type, application, and region.

Based on product type, the rear tow seeder bins segment hold the highest market share

Rear tow seeder bins are a type of air seeder that is commonly used in agricultural applications. One of the main reasons why rear tow seeder bins hold the largest market share in the air seeder market is their versatility and flexibility. They can be used with a wide range of tractors and are suitable for planting a variety of crops, including cereals, oilseeds, and pulses. In addition to their versatility, rear tow seeder bins also offer several other advantages. Wheat production reached 779.33 million tons in 2022. The estimated global wheat production for 2023 is 780.59 million tons, which might represent a 1.26 million-ton or 0.16% rise.

Geographical Analysis

Europe is the fastest-growing market due to the major consumer adoption of agricultural technology

Europe is currently experiencing rapid growth in this sector. Many European governments have implemented policies and initiatives that promote precision agriculture, which relies heavily on advanced planting technologies such as air seeders. The market for smart farming in Europe is anticipated to expand quickly in the next years, with analysts projecting that it will reach €6.6 billion by 2023. As the global population continues to grow, there is a rising demand for food production.

Competitive Landscape

The major global players include SEED HAWK, CNH Industrial, John Deere, Morris Industries Ltd., Amity Technology, Gandy Company, Thebo Tech, Great Plains, AGCO Corporation, and Bourgault Industries.

Why Purchase the Report?
• To visualize the global air seeders market segmentation based on product type and application and understand key commercial assets and players.
• Identify commercial opportunities by analyzing trends and co-development.
• Excel data sheet with numerous data points of air seeders market-level with all segments.
• PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
• Product mapping available as Excel consisting of key products of all the major players.

The global air seeders market report would provide approximately 53 tables, 50 figures, and 200 Pages.

Target Audience 2023
• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies