LONDON--(BUSINESS WIRE)--The global rice transplanter machine market is expected to grow at an impressive CAGR of over 9% during the forecast period, according to Technavio’s latest market research.
In this market research report, Technavio covers the market outlook and growth prospects of the global rice transplanter machine market for 2017-2021. The market is further categorized into two distribution channel segments, including online and offline.
Technavio’s research analysts segment the global rice transplanter machine market into the following regions:
- Americas
- APAC
- EMEA
Looking for more information on this market? Request a free sample report
Technavio’s sample reports are free of charge and contain multiple sections of the report including the market size and forecast, drivers, challenges, trends, and more.
APAC: largest rice transplanter machine market
The rising population in APAC is inducing a high demand for food in the region, in turn, increasing the requirement for better machinery. The global rice transplanter machine market in APAC accounted for more than 46% of the total market share in 2016. The global demand for rice transplanter machines will be primarily driven by the sales gains in rapidly developing nations, such as China, India, and Indonesia, which continue to mechanize their agricultural sectors.
“Around 60% of the population in China consume rice. The country also exports rice to other Asian countries. India stands second in terms of rice production, indicating that the demand for rice transplanter machines is quite high in China and India compared to other Asian countries,” says Shikha Kaushik, a lead agricultural equipment research expert from Technavio.
This report is available at a USD 1,000 discount for a limited time only: View market snapshot before purchasing
Buy 1 Technavio report and get the second for 50% off. Buy 2 Technavio reports and get the third for free.
Rice transplanter machine market in EMEA
Despite the moderate demand in Europe, the region occupies the second largest position in rice transplanting as this food grain is considered the most important staple of human consumption. According to the Rice Association of the UK, there are over 40 thousand varieties of cultivated rice. Therefore, the usage of agricultural machinery is most prevalent in Europe. However, Africa remains the most stimulating region for mechanization. In this region, over half of farm power is still provided by human resources, mostly from women, elderly, and children. Farm mechanization did not have a high penetration in Africa. However, the region is currently showing considerable growth.
Rice transplanter machine market in the Americas
The Americas has a varied level of agricultural mechanization across countries. This farming process is a major driver of the overall development in the Americas. The rice transplanter machine market helps in generating higher wages as it requires more skilled labor and can create and strengthen linkages with other service sectors such as input suppliers, repair shops, and machinery parts suppliers. The market in the Americas is expected to post a parallel yearly growth rate during the forecast period.
“Brazil is one of the leading producers of rice in the Americas and is expected to exhibit a high demand for rice transplanter machines during the forecast period. This is mainly due to improved crop yield and government support in the form of subsidy,” says Shikha.
The top vendors in the global rice transplanter machine market as highlighted in this market research analysis are:
- Kubota
- Iseki
- Yanmar
Browse Related Reports:
- Global Subsoiler Market 2017-2021
- Global Agricultural Biologicals Market 2017-2021
- Global Combine Harvester Market 2017-2021
About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
If you are interested in more information, please contact our media team at media@technavio.com.
