Global Rice Transplanter Machine Market Overview:
Rice transplanter machine specifically used for transplanting rice seedlings in a rice prominent crop region includes the Asia Pacific. Of late, transplanting machines are preferred by most of the farmers in both developing nations such as India, China and Korea. In recent years, farmers are facing a shortage of labor owing to the migration of labor to urban areas. This, in turn, is propelling the growth for agriculture-related equipment includes rice transplanter machine. Rising awareness among farmers about smart farming is the major factor in the growth of the very market.
- Increasing Labor Shortage in the Developed Economies
- High Adoption Rate of Rice Transplanter Machines in Developing Nations
- Surging Usage of Precision Farming in both Developed and Developing Economies
- Continuous Technological Innovations by Key Players
- High Initial Investment
- Dispersed Paddy Plots
- High Maintenance Cost of Rice Transplanter Machine
Some of the key players profiled in the report are Kubota (Japan), Iseki (Japan), Yanmar (Japan), TYM (South Korea), Jiangsu World Agriculture Machinery (China), CLAAS (Germany), Mitsubishi Mahindra Agricultural Machinery (Japan), Shandong Fuerwo Agricultural Equipment (China) and Dongfeng Agricultural Machinery (China). Analyst at AdvanceMarketAnalytics see Japanese Vendors to retain maximum share of Global Rice Transplanter Machine market by 2024. Considering Market by Distribution Channel, the sub-segment i.e. Online will boost the Rice Transplanter Machine market. Considering Market by Ownership Type, the sub-segment i.e. Owned will boost the Rice Transplanter Machine market.
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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The top-down and bottom-up approaches are used to estimate and validate the size of the Global Rice Transplanter Machine market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Rice Transplanter Machine market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Rice Transplanter Machine Manufacturers, Raw Material Suppliers/Distributors, Component Suppliers, End Users and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.