Global Autonomous Rice Transplanter Market size (2023 - 2030)

The global Autonomous Rice Transplanter Market size is estimated to grow from USD 25 Billion in 2022 to USD 29 Billion by 2030. The market is witnessing a healthy CAGR of 7.3 % from 2023 - 2030. The efficiency and lack of labor are the major factors that are driving the growth of the industry.

Industry Overview:

A Rice transplanter is a machine in particular designed for transplanting rice seedlings. Farmers want to force machines alongside in a straight line to transplant seedlings in rows. It consists of two sorts namely: riding kind and walking type. The riding kind is power-driven and the strolling kind is bodily-driven. The frequent rice transplanter compromises a seeding tray shifter, seedling tray, and pickup forks.

Rice is acknowledged to be the most appreciably fed staple meal more often than not in Asia, and it is the third-largest agricultural manufacturing after sugarcane and maize. The plantation of rice is the most labor-exhaustive technique in rice farming. A Rice transplanter is superior agriculture equipment that decreases labor and upsurges the effectiveness of rice transplantation.

Major elements that are predicted to enhance the boom of the rice transplanter market in the forecast length are the exchange closer to mechanization. Furthermore, product innovation is similarly anticipated to propel the increase of the rice transplanter market. Moreover, the upward jostle in the want for meals due to the fact of expansion in the populace around the world is similarly estimated to cushion the boom of the rice transplanter market. On the different hand, the upward thrust in the charge of the laptop and even greater preservation value are similarly projected to hinder the increase of the rice transplanter market in the timeline period. In addition, the make bigger in alertness amongst the farmers involving smart farming will, in addition, grant viable possibilities for the increase of the rice transplanter market in the coming years. However, the dearth of skilled manpower to manipulate the computer efficaciously would possibly in addition task the boom of the rice transplanter market in the close to future.

COVID-19 impact on the Autonomous Rice Transplanter Market        

COVID-19 first commenced in Wuhan (China) all through December 2019 and considering that then it has unfolded at a fast pace throughout the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in phrases proven instances and mentioned deaths. COVID-19 has been affecting economies and industries in a number of nations due to lockdowns, journey bans, and business shutdowns. The shutdown of more than a few plants and factories has affected the international provide chains and negatively impacted the manufacturing, shipping schedules, and income of products in the international market. A few groups have already introduced possible delays in product deliveries and a drop in the future income of their products.

The outbreak of COVID-19 has drastically boosted the boom of the market in 2021, however, the market was once mainly hit with the aid of countless barriers created amid the COVID-19 pandemic such as a lack of expert groups of workers' availability paired with partial or entire lockdowns globally. In contrast, the surge in the adoption of chatbot options throughout healthcare, retail & e-commerce, and telecommunication sectors is riding the boom of the market for the duration of the forecast length.

MARKET DRIVERS:

The efficiency and a lack of labor are driving the growth of the market

Autonomous rice transplanter machine can plant greater than one seedling at a time as well as it consumes lesser time for that. Therefore, it reduces the ordinary transplanting time and requires lesser manpower. Farmers are dealing with a scarcity of labor owing to the migration of labor to city areas. This, in turn, is boosting the demand for agriculture-related tools such as rice transplanter machines. Rising consciousness amongst farmers about smart farming is another aspect riding the autonomous rice transplanter machine market. Farmers opt to have a machine for most agricultural duties in order to extend manufacturing and limit expense over labor.

MARKET RESTRAINTS:

The cost of the machine coupled with the higher maintenance cost restraining the growth of the market

The most important restraint to the market is the price of the machine coupled with the greater upkeep cost. Therefore, farmers having decreased profits can't afford this machine. Another restraint of the market is the want for skilled manpower to deal with the machine properly. Training desires to be supplied to the operator in order to make the certain perfect working of the machine, which in flip will increase the time required for transplanting.

This research report on the global Autonomous Rice Transplanter Market has been segmented and sub-segmented based on the Power Source, Components, and region.

Autonomous Rice Transplanter Market - By Power Source:

• Fuel powered
• Electricity powered
• Others

Based on the power source, the autonomous rice transplanting market is categorized into three segments. Fuel-powered rice transplanting machine phase dominates the market. New lookups and improvements in the discipline of energy generation, are possible to enhance the demand for choice strength supply for autonomous rice transplanting machines.

Autonomous Rice Transplanter Market - By Component:

• Energy supply
• Movers
• Motors
• Others

In terms of components, the market is split into four segments. The energy supply is a key issue of the machine and the section money owed for a predominant share of the market in phrases of revenue. The transplanting arm and seedling tray are additionally top aspects of the machine.

Autonomous Rice Transplanter Market - By Region:

• North America
• Europe
• Asia-Pacific
• Latin America
• The Middle East
• Africa

Geographically, the market in the Asia Pacific is predicted to dominate the international rice transplanter machine market. A huge variety of natural sources and non-stop strain to enhance the effectiveness and productiveness of farm sectors are contributing demand for agricultural machinery. Increasing funding in R&D things to do and development in science are some elements anticipated to fuel the boom of the goal market in the region.

In addition, growing demand for rice transplanter machines pushed through the sales gains in creating countries such as China, India, and Indonesia, which proceed to mechanize the agricultural sector. Moreover, altering the state of affairs of Indian agriculture and in particular agro-based processing, industries anticipated enhancing the demand for rice transplanter machines. Furthermore, favorable authorities’ policies, supportive facilities, and subsidies to promote cutting-edge agricultural things to do are some elements estimated to fuel the growth of the goal market.

As per the Food and Agriculture Organization (FAO) of the United Nations, rice manufacturing increased by using 1.3% and attained an extent of over 500 Bn heaps in 2021. Moreover, authorities' initiatives to use agriculture tools are additionally possible to increase the rice transplanter desktop market. For instance, the authorities of Europe and North America are making an attempt to train farmers concerning the different advantages of the usage of agricultural tools for enhancing farm production.

Autonomous Rice Transplanter Market Share by Company

Companies like TYM Corporation., Jiangsu World Agriculture Machinery Co., Ltd, CLAAS KGaA mbH, Mitsubishi Mahindra Agricultural Machinery Co., Ltd., Jiangsu Changfa Agricultural Equipment Co.,ltd, Shandong Fuerwo Agricultural Equipment Co., Ltd., Changzhou Dongfeng Agricultural Machinery, KUBOTA Corporation, Mahindra & Mahindra Ltd, ISEKI & CO., LTD, Yanmar Co., Ltd, Kukje Machinery Co., Ltd., YANMAR HOLDING Co., Ltd, Greaves Cotton Limited, and others are playing a pivotal role in the market. Mergers and acquisitions in the enterprise have enabled players to diversify and decorate their carrier services.

The market is driven by regular technological advancements happening in the market. Technological proliferation and growing investments in R&D activities via producers and associations are estimated to power the enterprise's growth. There are a number of home and regional rivals prevailing in the market that is challenged to supply progressive offerings, which assist consumers to tackle the altering technologies, safety needs, and enterprise practices. The key individuals are in a wonderful but vulnerable role in terms of market share attainment or dropping points. The key players are adopting a mergers and acquisitions approach with the goal of extending their foothold throughout the globe.

NOTABLE HAPPENINGS IN THE GLOBAL AUTONOMOUS RICE TRANPLANTER MARKET IN THE RECENT PAST:

Acquisition - In April 2021, CLAAS developed new flagship TORINO 1913 and TORINO 2014 models. They feature more engine power, higher lift capacity, and an even greater loading height