According to Goldstein Research, “Rice transplanters are innovative solution for labor-intensive job of rice planting. Rice transplanting machines work more efficiently in planting paddy seeds thus bolstering the growth of rice transplanter market. Emerging mechanization trend of agriculture sector is fuelling the demand for rice transplanter market across the globe.”
Global rice transplanter market is segmented on the basis of machine type such as riding rice transplanter and walking rice transplanting machine. Walking rice transplanter market held 39% revenue share of global rice transplanter market in 2016, owing to the huge adoption among farmers for smaller field area. However, low labour cost and high efficiency of riding rice transplanter is propelling its demand. Riding rice transplanter market is projected to reach USD 7.31 billion by the end of 2024.
Asia-Pacific rice transplanter market accounted for 55% revenue share of rice transplanter market in 2016. Huge population in the region with high dependency on agricultural production is increasing the demand for advance equipments for farming in Asia-Pacific region. Rice is the staple food for Asian countries thus increases the requirement for rice transplanter in the region Asia-Pacific rice transplanter market valued USD 4.52 billion in 2016 and is projected to reach 7.57 billion in 2024.
Financial Concern: Restricting the adoption of new sowing technology
Larger part of world population is dependent on rice, it is critical to enhance the agricultural methods to improve the yield production. Government are also implying new methods of planting technology to improve farm production. As per International Rice Research Institute, Thailand is the 5th largest cultivator and 2nd largest exporter of rice. Thailand government is already implementing new planting technology in Nakhon Sawan. However, lack of information about advance sowing technology and economic barriers to adopt rice transplanting machines among small-scale farmers is hindering the market growth in the region.
“Global Rice Transplanter Market Outlook 2024” contains detailed overview of the global rice transplanter market in terms of market segmentation by machine type.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis.
Global rice transplanter market also provides competitive outlook of some of the major players of global rice transplanter market which includes profiling of companies such as Yanmar Co. Ltd., TYM Tractors, AGCO Corporation, Mahindra Tractors, Kubota Corporation, Iseki & Co., Ltd., Shandong Fuerwo Agriculture Equipment Co. Ltd, Action Construction Equipment Ltd, Nantong FLW Agricultural Equipment Co. Ltd., Dongfeng Motor Corporation, Mitsubishi, John Deere & Company, LEMKEN India and China National Machinery Industry Corporation. The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services and industries catered, financial analysis of the company and recent developments.
Overall, the report represents comprehensive synopsis on the rice transplanter market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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