Transparency Market Research in its new report titled, “Rice Transplanter Machine Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 – 2026,” provides key insights on the rice transplanter machine market. The TMR report anticipates that the shortage of labor owing to the migration of labor to urban areas will drive the rice transplanter machine market during the forecast period i.e, 2018-2026. Key drivers of the rice transplanter machine market are efficiency and a lack of labor. A rice transplanter machine can plant more than one seedling at a time as well as it consumes lesser time for that. Therefore, it reduces the overall transplanting time and requires lesser manpower. This, in turn, is boosting the demand for agriculture-related equipment such as rice transplanter machine. Rising awareness among farmers about smart farming is another factor driving the rice transplanter machine market. Farmers prefer to have a machine for most agricultural tasks in order to increase production and reduce expense over labor, says the report.
The report has also discussed market restraints such as the cost of the machine coupled with the higher maintenance cost. Therefore, farmers having lower income cannot afford this machine. Another restraint of the market is the need for trained manpower to handle the machine properly. Training needs to be provided to the operator in order to ensure proper working of the machine, which in turn increases the time required for transplanting. However, continuous research and development, innovation in the field of advanced materials, and increasing awareness among manufacturers is likely to offer lucrative opportunities for the key players operating in the rice transplanter machine market.
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The TMR report has segmented the rice transplanter machine market based on type, power source, components, and geography. On the basis of type, the rice transplanter machine market is classified into two segments. Riding type rice transplanter machines are mostly preferred in rice producing areas as they are less time-consuming and require lesser human efforts. However, these machines require an additional cost of the fuel for driving them. Based on power source, the rice transplanting machine market is classified into three segments. Fuel-powered rice transplanting machine segment dominates the market. New research and development in the field of power generation, is likely to boost the demand for alternative power source for rice transplanting machine. In terms of components, the market is split into eight segments. The power source is a key component of the machine and the segment accounts for a major share of the market in terms of revenue. The transplanting arm and seedling tray are also prime components of the machine.
From a geographical perspective, the rice transplanter machine market is split into five prominent regions. Asia Pacific is a major rice producing region and witnesses a significant demand for rice transplanter machines. Farmers in India prefer manually-operated machines, while China and countries in ASEAN witness a higher demand for riding type of rice transplanter machines. Major players operating in the global rice transplanter machine market are profiled in this TMR report to give a better competitive landscape of the market and these include Greaves Cotton Limited, CLAAS KGaA mbH, KUBOTA Corporation, ISEKI & CO., Ltd., YANMAR CO., LTD., Amisy Machinery, TNAU, Redlands, and agroman.in.
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Transparency Market Research (TMR) is a U.S.-based provider of syndicated research, customized research, and consulting services. TMR’s global and regional market intelligence coverage includes industries such as pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, among others. Each TMR research report provides clients with a 360-degree view of the market with statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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