Global Agriculture Transplanter Market Overview
The key driver impacting the agriculture transplanter market is the rapidly growing global population, which leads to high demand for agricultural produce. For instance, According to the World Population datasheet, the global population is expected to reach 9.9 billion by 2050, a boost of more than 25% from the present 2020 population of 7.8 billion. Food demand is probable to augment approximately 59% to 98% by 2050. The high demand for food necessitates the need for farm mechanization and sustainable agriculture. Moreover, the growing usage of mechanical equipment within farming with an increasing shift towards automation to augment yield is also estimated to be a significant determinant that adds growth to the market. The numerous benefits associated with a transplanter, such as physical relief to the farmer, cost-effectiveness, time-saving, and improve production, are expected to create more demand in the coming years.
According to Value Market Research, the global Agriculture Transplanter market was valued at around USD 13.5 billion in 2020 and is estimated to grow at a CAGR of about 9% during the forecast period of 2020-2026.
The rising government initiatives and programs to help farmers in purchasing agricultural machinery at minimum interest rates are also predictable to enhance market demand in the forecast period. However, lack of awareness and finances is likely to hamper the sales of transplanter. Also, the high cost of equipment tends to arouse financial concerns, while replacing conventional or old machines with advanced agriculture equipment may limit the global transplanter market's growth. The current industry trend, such as the growing government initiative to bring awareness with high funding support to farmers and technological advancements in agricultural equipment, is expected to provide beneficial market moments for the key market players in the coming years.
The global agriculture transplanter market is vast, with a large number of local and international players. The key leaders follow numerous strategies to improve their market position, such as acquisitions, extending product portfolio, expansions, mergers, and product innovations to strengthen their market share at the global scale. The report studies a few key players of the global agriculture transplanter market in detail, covering the company profile, product list, and financial information. The companies included in the report are Kubota, Iseki, Mitsubishi, CLASS, CNH Industrial, FALC srl, Greaves Cotton Limited, Honda Power Equipment, Kerala Agro Machinery Corporation Ltd. (KAMCO), and Kirloskar Oil Engines Limited (KMW).
In this market research report, the market is segmented by mechanization, product type, transplanting range, technology, fuel type, and region.
Analysis by Mechanization:
By mechanization, the report is categorized into automatic and semi-automatic. The semi- automatic dominated with over 55% share in 2020. But, the automatic segment is forecasted to expand at a rapid pace over the forecast timeframe. Market players are launching a fully automatic transplanter model for straight-line planting and autonomous operation. The fully automatic model utilizes standardized control units to improve work efficiency and contribute to labor-savings.
Analysis by Product:
By product, the global report is categorized into garlic transplanter, potato transplanter, rice transplanter, sugarcane transplanter, vegetable transplanter, vine stock transplanter, tree transplanter, and others. Of these, the rice transplanter segment dominates with over 30% share in 2020. Rice is a broadly consumed food by a large part of the world's human population, cultivated at many regions of the world. Continuous R&D innovation in the field and increasing awareness among manufacturers is likely to offer lucrative opportunities for the rice transplanter segment.
Analysis by Transplanting Range and Fuel Type
By transplanting range, the global report is categorized into 1-row, 2-row, 3-row, and 4-row. The 4 row transplanter dominated with over 30% share in 2020.By fuel type, the global report is categorized into gasoline agriculture transplanter and diesel agriculture transplanter. The Diesel transplanter dominated with over 55% share in 2020.
Analysis by Region:
In the regional outlook of the global agriculture transplanter market, Asia Pacific dominates with a maximum market share in 2020. Of the significant five global regions, the agriculture transplanter market is most extensive in Asia-Pacific, followed by North America and Europe. Asia Pacific market is driven by substantial demand from China and ASEAN countries. Moreover, Asia-Pacific is expected to multiply with the highest CAGR in the coming years. In contrast, North America and Europe markets are also growing at a substantial rate. There is also plenty of opportunity for flavors and fragrances in the Middle East, Africa, and Latin America.
Market Segmentation covered in the Report:
By Product Type
- Fully Automatic
By Transplanting Range
- Garlic Transplanter
- Potato Transplanter
- Rice Transplanter
- Sugarcane Transplanter
- Vegetable Transplanter
- Vine Stock Transplanter
- Tree Transplanter
By Fuel Type
- Self-propelled Transplanter
- Towed Transplanter
- Walk-behind Transplanter
- Gasoline Agriculture Transplanter
- Diesel Agriculture Transplanter
- North America
- The Asia Pacific
- Latin America
- The Middle East and Africa
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