Global Rice Transplanter Market - 2022-2029

Global Rice Transplanter Market - 2022-2029

Market Overview

Rice transplanter is basically a machine, specifically made for transplanting the rice seedlings. While transplanting, the seedlings of rice must be handled carefully. The manual method of rice transplanting is lengthy and cumbersome. In addition, the workers have to bend all the time while transplanting, which leads to back pain which is why transplanting machines are preferred by most farmers to reduce the labour pain and cost. Rice transplanters improve the efficiency of the entire rice cultivation and production process as well as the increase in rice production as well as demand and the growing use of rice in various industries, ultimately increasing the demand for rice transplanter to fulfill consumer demands is driving the growth of the market. In addition, increasing agricultural expansion, smart agriculture practices, rising industrialization, rising rice consumption, and technological advancements in agriculture industry, the agriculture industry is expected to play a significant part in boosting the global rice transplanter market in the forecast period.

In addition, a rice transplanter machine is able 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. Furthermore, farmers now-a-days are facing a shortage of labor owing to the migration of labor to urban areas. This, in turn, is boosting the demand for agriculture-related equipment and machineries with advanced technologies such as rice transplanter machine.

The global rice transplanter market was valued at USD YY million in 2021. It is forecasted to reach USD YY million by 2029, growing at a CAGR of 8.78% during the forecast period (2022-2029).

Market Dynamics: Growing production of rice is driving the growth of the global rice transplanter market

The increase in consumer demand for natural, organic and plant based food products, is witnessing exponential growth in agriculture industry. Thus, owing to the increased consumer preferences & demand for healthy and nutritious agriculture based food products such as rice along with the increased preference for plant-based healthy and tasty food alternatives drives the market growth.

Furthermore, rice is one of the most important crops in the world and is cultivated, produced and exported in almost every region. The growing demand for specialty rice varieties has increased the trade for long grain rice, which in turn is driving the market growth as the demand for rice increases, the demand for rice transplanters increases to ease the process and increase the productivity that adds to the growth of the market. For instance, according to USDA, in terms of consumption, China is the largest consumer which is 29% of the global consumption, followed by India 21%, Bangladesh 7%, Indonesia 7%, Vietnam 4% and the Philippines 3%.

In addition to this, the consistently changing lifestyles and food habits among consumers are fueling the fast-food industry market, which is subsequently expected to drive significant growth of the rice production which in turn increases the demand for rice transplanters during the forecast period. Thus, the increase in production of the rice has increased the demand for rice transplanters as rice transplanters increases the efficiency of the whole rice milling process and eases up the process in the assembly line. This is anticipated to boost the demand for rice transplanters during the forecast period.

Furthermore, rising consumption of rice is expected to boost the demand for rice transplanters around the world. The increased production of rice as well as the increasing demand for rice & rice based products is major factors driving the need for rice transplanters. For instance, according to the USDA, approximately 500 million tons of milled rice have been produced globally during the 2019/2020 marketing year. This production is stable year on year and +1% projected in 2020/2021.

Market Segmentation: Rice on rice transplanter stand for the highest share in global rice transplanter market

In 2021, the ride on rice transplanter segment had the highest revenue share of more than YY percent. This transplanter is renowned for its outstanding efficiency, satisfying rigid professional demands. In addition, with its high-speed and multi-row capabilities, ride-on type rice transplanter delivers superior operational performance compared to that of manual transplanting or even when working with a walk-behind transplanter which drives the growth of the segment. The segment has been witnessing significant growth over the past few years on account of increasing demand for rice worldwide. For instance, according to Agronomag, the global rice demand is expected to rise up to 496 million tons in 2020 and up to 555 million tons in 2035.

The market is expected to witness further growth owing to increased mechanization, rise in awareness about the benefits of ride-on rice transplanter such time saving ability, high productivity and reduced labour cost. Thus, the segment is expected to witness significant growth in the market owing to increasing demand for rice across various applications such as food, medical and animal feed among others.

Geographical Penetration: Asia-Pacific is the dominating region during the forecast period

In 2021, Asia-Pacific had the highest revenue share of almost YY percent. Asia Pacific dominated the global rice transplanter market. This is due to the presence of a large number of rice mills across countries such as India, Indonesia, and Vietnam. Moreover, increasing demand for rice from developing economies including China and India for various applications. The growth in the demand for rice various countries increases the production which ultimately demand rice transplanters to fulfill consumer demands which is expected to drive regional growth over the forecast period.

Competitive Landscape:

The global rice transplanter industry is competitive and comprises players such as TYM Corporation, sJiangsu World Agriculture Machinery Co., Ltd,, CLAAS KGaA mbH, Mitsubishi Mahindra Agricultural Machinery Co., Ltd., Shandong Fuerwo Agricultural Equipment Co., Ltd, Changzhou Dongfeng Agricultural Machinery, KUBOTA Corporation, Mahindra & Mahindra Ltd, ISEKI & CO., LTD and Yanmar Co.,Ltd among others. The rice transplanter market competitiveness is estimated to increase over the forecast period as the key players focus on various strategies such as product innovation, agreements, and research & development activities for various applications. Moreover, rising demand for rice in various industries such as food, pharma and others. This increases the demand for rice transplanters across the world.

For instance,
• In 2021, Mahindra & Mahindra introduced a range of rice transplanters for large and small paddy farmers in Indian Telangana region. These are designed by Mitsubishi Mahindra Agricultural Machinery of Japan, the “Planting Master Paddy 4RO” is the first 4-row ride-on rice transplanter in India.

COVID-19 Impact: Negative impact on global rice transplanter market

The COVID-19 pandemic has adversely affected the economies of various countries due to lockdowns, business close, and travel bans. Food and beverages and agriculture are among the key industries that suffered from intense disruptions such as restrictions on the supply chain and the shutdown of the various warehouse plants.

In addition, during the COVID 19 pandemic there was lockdown and complete restrictions on manufacturing of products as well as the transportation of the products that impacted the rice transplanters market negatively as the production/cultivation & transport of rice was restricted which ultimately affected the rice transplanters market negatively.

Furthermore, due to the disruption in supply chain of existing products, the revenue of the product and the market had declined. Thus, owing to these factors the covid-19 pandemic has negatively impacted the rice transplanters market.

The global rice transplanter market report would provide an access to approximately 45 market data tables, 31 figures and 170 pages