Global Rice Transplanter Machine Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2028
Global Rice Transplanter Machine Market: Overview
"The Rice Transplanter Machine Market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031."
Rice transplanter is a machine specifically designed for transplanting rice seedlings. Farmers need to drive machine along in a straight line to transplant seedlings in rows. It contains two types namely: riding type and walking type. Riding type is power-driven and walking type is physically driven. The common rice transplanter compromises of a seeding tray shifter, seedling tray, and pickup forks.
Global Rice Transplanter Machine Market: Dynamics
Increasing demand for rice production and rising awareness among farmers regarding smart farming are some major factors expected to propel growth of rice transplanter market over the forecast period. In addition, growing investment opportunity in the agricultural sector, availability of machinery in different sizes and capacity are some factors driving market growth.
A recent trend observed in target market are procurement of machinery on rental basis and growth of mechanization in agriculture. However, lack of investments to replace old machinery may hinder growth of global rice transplanter machine market.
Global Rice Transplanter Machine Market: Segment Analysis
Among the machine type segments, the riding rice transplanter segment is expected to account for higher revenue shares in the global market. Also, farmers in India prefer manually operated machines, while China and other countries in Asia witness a higher demand for riding type of rice transplanter machines.
Among the ownership segments, the leased/hired segment is anticipated to register significant growth rate over the forecast period.
Global Rice Transplanter Machine Market: Region Analysis
The market in Asia Pacific is expected to dominate the global rice transplanter machine market. Huge diversity of natural resources and continuous pressure to improve efficiency and productivity of farm sectors is contributing demand for agricultural machinery. Increasing investment in R&D activities and advancement in technology are some factors expected to fuel growth of target market in the region.
In addition, increasing demand for rice transplanter machines driven by the sales gains in developing countries such as China, India, and Indonesia, which continue to mechanize agricultural sector. Moreover, changing scenario of Indian agriculture and especially agro-based processing industries expected to boost demand of rice transplanter machine. Furthermore, favorable government policies, supportive facilities, and subsidies to promote modern agricultural activities are some factors estimated to fuel growth of target market.
As per the Food and Agriculture Organization (FAO) of the United Nations, rice production is increased by 1.3% and reach volume over 500 Bn tons in 2017. Moreover, government initiatives to use agriculture equipment are also likely to boost growth of the rice transplanter machine market. For instance, the government of Europe and North America are trying to educate farmers regarding different benefits of using agricultural equipment for improving farm production.
Global Rice Transplanter Machine Market Segmentation:
By Machine Type:
- Riding Rice Transplanter
- Walking Rice Transplanter
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- Kubota Corporation
- Iseki & Co., Ltd
- Yanmar Co., Ltd
- Tong Yang Moolsan (TYM)
- Jiangsu World Agriculture Machinery , Ltd.
- CLAAS KGaA mbH
- Mitsubishi Mahindra Agricultural Machinery Co., Ltd
- Changfa Agricultural Equipment
- Shandong Fuerwo Agricultural Equipment Co., Ltd
- Dongfeng Agricultural Machinery Group Co., Ltd
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