Environment Friendly Farming building Sustainable Agricultural Equipment Market Forecast: Ken Research


Green revolution in India was basically initiated through success of high yield variety seeds, pesticides, insecticides, etc. which not only degraded environment quality in India but also damaged the quality of food supplied. This led to rising hostility against such farming methods laden to huge demand for organically produced farm outputs supporting positive growth of Agricultural Implants Market. Organic farming basically refers to those farming practices where agricultural output is produced without any use of chemicals like fertilizers, pesticides, etc. This sort of farming not only produced cleaner crop yield but also played a significant role in making farming equipment greener. This rising practice of organic farming is impacting agricultural equipment industry significantly. Every day new sorts of environment friendly equipment are introduced to cater the demand.

In order to fulfill escalating demand for environment friendly farm machinery various new products are launched every year to promote mechanization of agriculture without damaging environment. Demand for machinery that works with use of renewable energy is increasing. Solar power fence installation is becoming extremely popular which helps farmers to produce solar electricity by themselves. This system is also known as photovoltaic system. Solar powered tractor is also receiving superb appreciation amongst farmers of India. Such tractors use solar energy as its fuel and work efficiently without providing any damage to the environment. Further, farms are making greater use of solar pumps, threshers, harvesters, etc. in their farms. Further, since organic farming completely restricts from using chemicals and pesticides on land, demand for chemical and DDT free pesticides and insecticides is increasing in India. Water conservation is one of the utmost goal of eco-friendly farming and for this reason recycling of water is becoming a fad amongst farmers. Thus, for this purpose higher use of efficient irrigation equipment is practiced. Further, recycling runoff machineries are greater higher admiration. Better tillers are demanded in order to conserve soil and prevent any sort of soil erosion. Machinery with low pollutant emissions is becoming extremely popular amongst farmers.

Challenges to environment friendly farming

Though green farming is quite in vogue these days, there are many challenges in the industry that must eliminated to provide massive boost to sustainable agricultural equipment industry. Many a times these agricultural equipment are quite expensive and hence farmers shun from using such machinery and rather focus on cheaper substitutes. Further, restrictive promotion of such equipment by the government and lack of education amongst farmers is making sale of such machinery quite restrictive.

Thus, opportunities for environment friendly farm equipment is quite vast and is expected to rise massively in future. Government policies are working to promote both mechanization and sustainability in agriculture laden to sky high demand for environment friendly and modern agricultural equipment in India.

For more information on the Publication, refer to below Link:

https://www.kenresearch.com/agriculture-and-animal-care/agriculture-equipment/SC-104-19.html

Related Reports:

https://www.kenresearch.com/tag/agriculture-and-animal-care/tillers/72.html

https://www.kenresearch.com/tag/agriculture-and-animal-care/tractors/68.html

Contact Us:
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249

Gaining Market Penetration in Power Tillers Market – Ken Research


The report titled Vietnam Engine and Agricultural Machinery Corporation Company Analysis – Gaining Market Penetration in Power Tillers Marketprovides a comprehensive analysis regarding the performance of the company and its agricultural machinery products in Vietnam. The report covers aspects such as the market size on the basis of revenue generated from the sale of agricultural equipments under various product categories. The revenues of the company has been segmented based on various product categories including two wheel tractors/ power tillers, four wheel tractors, combine harvesters and rice transplanters.. The revenues of the company have also been segmented on the basis of regional sales and distribution channel. The publication also covers the working model, best sellers of VEAM corporation products. In addition to this, a comparative analysis of best selling VEAM Corporation products in power tillers, four wheel tractors, rice transplanters, and others with other Agri machine companies has been showcased in order to understand the market share. The financial performance of the company along with the expected future performance of the company has also been showcased in the report.

This report will help industry consultants, agri machines manufacturers, dealers, potential entrants into the agri machines segment and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.

Outline

Founded in 1990, Vietnam Engine and Agricultural Machinery Corporation manufactures engines and trades agricultural machinery in Vietnam. The organization is also engaged in the manufacturing and trading of automobiles, and auto and motorcycle’s parts and components. Its products include trucks, tractors, engines such as diesel and gasoline engines; other products, including water pumps, diesel generators, implements and rice hullers; and spare parts, such as components for motorcycles and bearings. The company sells its products through dealers. The company is based in Hanoi, Vietnam.

Manufacturing Facility and Production

The company domestically manufactures and trades the automobiles and auto components and sells in the market via partners. The Company also imports CKD tractors and rice transplanters from Iseki Japan and assembles it in their factory in Vietnam and sells the products through dealers

Competitive Scenario

In Vietnam, Kubota is the market leader having a market share of ~% in 2015 in four wheel tractors and ~% in two wheel tractors. VEAM has a stronghold in two wheel tractor category. It sells powerful two wheel Iseki tractors from 16 HP to 26 HP. VEAM is the third largest player in Vietnam in four wheel category with the market share of ~% in 2015.

Expected Future Performance

The company is focused on the market by developing a sales network, reducing costs and improving information shared between the producer and customers. The company foresees an increase in the competitive pressure and thus aims to develop customer-oriented services and products at competitive prices. Company is providing guidance to increase revenue and profitability by ~ times from the current levels by 2020

Key Topics Covered in the Report:

Company Overview of VEAM Corporation, Manufacturing Facilities and Product Lines, and Competition

Value Chain Analysis and Working Model for VEAM Corporation Agri Machines, 2015

Financial and Operating Performance  and Market Size of VEAM Corporation, 2010-2015

VEAM Corporation Revenue Segmentation by Product Category, 2015

VEAM Revenue Segmentation on the basis of Regional Sales, 2015

VEAM Segmentation on the basis of Distribution Channel, 2015

Market Size of Vietnam Agricultural Machinery including Four wheel tractors, 2 wheel tractors, rice transplanters, combine  harvesters and tractor implements, on the basis of Sales Volume, 2015

Market Share of Players in Agricultural Machinery Industry in Vietnam and VEAM Contribution.

Competitive Landscape of VEAM Corporation vis a viz other Agricultural Machinery Companies, 2016

Financial Performance for VEAM Corporation

Expected Financial Performance of VEAM Corporation including Business Plans and Future Strategies

 To know more on coverage, click on the link below:

https://www.kenresearch.com/agriculture-and-animal-care/agriculture-equipment/veam-corporation/49302-104.html

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Contact Us:
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249

Surging Market Penetration in Power Tiller Market and Rising Dealer Network will Boost Agri Machines Sales of VEAM Corporation: Ken Research


Ken Research announced its latest publication on “Vietnam Engine and Agricultural Machinery Corporation Company Analysis – Gaining Market Penetration in Power Tillers Marketprovides a comprehensive analysis regarding the performance of the company and its agricultural machinery products in Vietnam. The report covers aspects such as the market size on the basis of revenue generated from the sale of agricultural equipments under various product categories. The revenues of the company has been segmented based on various product categories including two wheel tractors/ power tillers, four wheel tractors, combine harvesters and rice transplanters.. The revenues of the company have also been segmented on the basis of regional sales and distribution channel. The publication also covers the working model, best sellers of VEAM corporation products. In addition to this, a comparative analysis of best selling VEAM Corporation products in power tillers, four wheel tractors, rice transplanters, and others with other Agri machine companies has been showcased in order to understand the market share. The financial performance of the company along with the expected future performance of the company has also been showcased in the report. This report will help industry consultants, agri machines manufacturers, dealers, potential entrants into the agri machines segment and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.

VEAM has the largest and the most diverse network of dealers in Vietnam. VEAM has deployed around 300 dealers all across Vietnam. VEAM with almost equal focus on all the three regions (south, north and central). VEAM is using a large dealer network with equal presence in all the three regions to increase its share in the market.

power-tillers

Over 60% of farming machinery being used within the Vietnamese domestic marketplace was from China in 2012, largely because of the possible lack of Government financial support to local producers. Market for agricultural machinery in Vietnam has enhanced by a CAGR of 6.8% over the period 2010-2015. Amplifying sales of tractors along with implements, combine harvesters and rice transplanters have propelled the market for agricultural machinery in Vietnam over the period 2010-2015. VEAM has a stronghold in two wheel tractor category. It sells powerful two wheel Iseki tractors from 16 HP to 26 HP.

“According to Research Analyst at Ken Research, “the company is focused on the market by developing a sales network, reducing costs and improving information shared between the producer and customers. The company foresees an increase in the competitive pressure and thus aims to develop customer-oriented services and products at competitive prices”.

It is expected that VEAM will continue to invest more in their core sectors such as manufacturing agricultural machinery, auxiliary industry and truck production to boost production, fabrication and machining of parts and components for the automobile industry

Key Topics Covered in the Report:

Company Overview of VEAM Corporation, Manufacturing Facilities and Product Lines, and Competition

Value Chain Analysis and Working Model for VEAM Corporation Agri Machines, 2015

Financial and Operating Performance  and Market Size of VEAM Corporation, 2010-2015

VEAM Corporation Revenue Segmentation by Product Category, 2015

VEAM Revenue Segmentation on the basis of Regional Sales, 2015

VEAM Segmentation on the basis of Distribution Channel, 2015

Market Size of Vietnam Agricultural Machinery including Four wheel tractors, 2 wheel tractors, rice transplanters, combine  harvesters and tractor implements, on the basis of Sales Volume, 2015

Market Share of Players in Agricultural Machinery Industry in Vietnam and VEAM Contribution.

Competitive Landscape of VEAM Corporation vis a viz other Agricultural Machinery Companies, 2016

Financial Performance for VEAM Corporation

Expected Financial Performance of VEAM Corporation including Business Plans and Future Strategies

Vietnam Engine and Agricultural Machinery Corporation

Vietnam Engine and Agricultural Machinery Management

Vietnam Engine and Agricultural Machinery Corporation Strategy

Vietnam Engine and Agricultural Machinery Corporation Production

Vietnam Engine and Agricultural Machinery Corporation Competition

Key Products Mentioned in the Report

Four wheel Tractors, Two wheel Tractors/ Power Tillers, Rice Transplanters, Combine Harvesters, Auto Components

Companies Covered in the Report

Kubota Vietnam Co. Ltd, Yanmar Vietnam, Vikyno and Vinappro (SVEAM), Phan Tan Agricultural Machinery

To know more on coverage, click on the link below:

https://www.kenresearch.com/agriculture-and-animal-care/agriculture-equipment/veam-corporation/49302-104.html

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Mahindra First Choice Wheels Limited – Company Analysis

India Sugar Market Outlook to 2020 – Rising Sugarcane Availability and Government Initiatives to Shape Future

India Spice and Spice Mixes Market Outlook to 2020 – Rise in Exports and Initiation of Spice Parks to Shape Future Growth

Contact Us:
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249

Alliances to Boost the US Agriculture Equipment Market: Ken Research


Agriculture equipment resorts to agricultural activities. There is a wide range of Agriculture equipment, namely tractors, plough, cultivation equipment, and harvesters. The market is expected to grow at the rate of 5.9% during next six years during 2016-2022. Due to increase in acquisition of technology driven agriculture equipment and rising demand for food because of increase in population contributes to the factors that are originating from the rise in agriculture equipment market. As per the survey, during the year 2015, Asia-Pacific produced the lucrative revenue for around 40% share in the total agriculture equipment market, subsequent to North America and Europe. Inferior commodity prices are the outcome of Farmer’s income. The US Congress in the Congressional Research Office conducted Agricultural Equipment Market Forecast that says year 2016 is anticipated to be the third repeated year deteriorating farm income as opposed to the fact that the price of commodities and land has risen from decades. The break-even point between profits & losses for corn and soybeans are USD 4 per bushel and USD 10 per bushel respectively. Agriculture implants sector is expected to perform average growth in the US in next 5 five years.

The association of Equipment Manufacturers-a Milwaukee-based trade organization for off-road equipment manufacturers and suppliers states that the small tractors are still the leaders, they gain profit in the middle of 2016 middle as compared to agricultural tractors.

The retail sales in the US of farm tractors has increased to 3% beneath 40 horsepower as opposed to last year and improved by 12.7 % till date. But in case of 2 wheel tractors has augmented by 2.8 percent under 40 to 100 horsepower in the month of June but has decreased by 1.1 percent till date. Due to which, the sale has come down to 21.6 % of 2 wheel drive of 100 plus horsepower tractors. Simultaneously, the sale of 4 wheel tractors has decreased by 34.3 % every year and losing by 31.3% till date. By correlating the sales it shows 8.0% growth for the month of June but sales till date shows decline by 23.3%.

Two innovative alliances and trends has been formed with local agribusinesses according to The United States Agency for International Development(USAID) and i.e. between Babban Gona and Hello Tractor for  encouraging the expansion of Nigeria’s agriculture sector, private division policy and US management agriculture. And this association between both the organisations costs around USD 2 million predicted that the final outcome will improve entrance of enhanced seeds, exclusive tractors and moreover, shows the advantageous place for more than 45,000 small scale farmers over the Federal Capital Territory and seven states.

By virtue of these partnerships, USAID has been addressing the company’s shortcomings by mounting right to novel agricultural materials and automation, by enlarging market potential for small scale farmers, and by providing superior class technical consultative services. Babban Gons’s company takes into consideration problems of small scale farmers by devising powerful cooperatives called Trust Groups, and these groups facilitates them to enter into new markets and sell at best prices.

To know more on coverage, click on the link below:

https://www.kenresearch.com/agriculture-and-animal-care/agriculture-equipment/SC-104-19.html

Contact:

Ken Research

Ankur Gupta, Head Marketing & Communications

query@kenresearch.com

+91-124-4230204

Spurring Demand for Agriculture Equipments in India and China: Ken Research


With the rapidly increasing population and the expanding role of the agricultural sector in the overall growth of the economy, it has become vital for farmers to improve on their agriculture techniques. One way of doing this is to adapt modern agriculture equipment. Agricultural equipment can be any equipment that helps farmers till, cultivate, plant, harvest, and feed crops such as tractors, disks, plowers, wagons, planters, andmore.  However, with the modernization of technology, these equipments were amended into modern machine based equipment such as tractors which not only makes the agricultural activities convenient but also faster.

With the evolution of contemporary technology in the field of agriculture, the demand for modern agriculture equipment is rising rapidly. The consistently increasing global population and rising per capita consumption is increasing the demand for food grains, which calls for an increase in the agriculture’s sector productivity and hence, drives the demand for agricultural equipment market all across the globe.  The agriculture equipment industry also has a vital role in the growth of any nation’s economy since, the development and the use of such modern equipment helps in reducing the overall farming costs by a great extent which in turn impacts the growth of the global economy as a whole

Asia pacific region is apparently the biggest agriculture equipment market in the world. The 2 most populated countries of the world, China and India are the largest growing markets, reason being their rapidly growing population and hence, increasing demand for food grains. China alone holds one-third market of global agriculture equipment. As for India, there has been a consistently rising demand for harvesting machinery as it enables efficiency and larger production of food. A number of industrialized economies including Spain, Austria, the Netherlands, and France, although are projected to register a slower growth in the agricultural equipment demand patterns, however, are still expected to record solid gains between 2014 and 2019. The reason the developing nations are expected to outperform the developed nations in terms of demand for agricultural machinery is because they have access to substantial funds and assistance for the betterment of their agricultural productivity through farming process automation.

In 2013, Europe was the largest producer of agricultural machinery globally, accounting for 31% of the global production. Europe was then followed by North America and China each producing 26.5% of the global production. The agricultural machinery is producer by small to medium enterprises and also by multinational corporations. The two largest manufacturers in terms of revenue are John Deere and CNH Global with the former having a revenue of USD 37.79 billion and the latter having a revenue of USD 19.4 billion in 2013.Some of the other companies operating in this agriculture equipment sector are AGCO Corporation, CLAAS KGAA MBH, GROUPE EXEL INDUSTRIES SA, MTD PRODUCTS AG., Alamo Group, Bucher Industries, Caterpillar Incorporated, Daedong Industrial Company, Escorts LimitedMitsubishi Heavy Industries, YTO Group, Tractors and Farm Equipment etc.

To know more on coverage, click on the link below:

https://www.kenresearch.com/agriculture-and-animal-care/agriculture-equipment/SC-104-19.html

Contact:

Ken Research

Ankur Gupta, Head Marketing & Communications

query@kenresearch.com

+91-124-4230204

Huge Untapped Market Offering Growth Potential in India’s Crop Protection Industry: Ken Research


Increasing pressure on agriculture and deteriorating global climate has led to the need of specialized protection and management tools for crops. Crop protection aims at using an interdisciplinary approach towards managing and protecting crops from diseases, weeds and pests. Apart from growing demand for food, rapidly increasing population means that additional land will be needed to cater the requirement of animal food and for growing energy crops. Land being largely constant is a scarce resource. Here, crop protection helps in optimal use of land. Also, by protecting crops from diseases and weeds, it avoids crop damage, hence playing a vital role in increasing crop yield and future availability of food. It would be very apt to say that crop protection has become crucial for overall sustainable development of agriculture system all over the world.

As a result, global crop protection industry has emerged as a fastest growing industry, emphasizing on innovation and application of more advance methods to achieve greater and effective control. Within the crop protection industry, agrochemical industry producing synthetic pesticides such as insecticides, herbicides & fungicides, dominates.While Asia-Pacific stands as one of the largest market for crop protection chemical products, countries like China, India & South-East Asia has huge untapped market for the industry driven basically byrapid population growth & reduction in arable land. Here, looking at the Indian Crop Protection Chemical Industry would be interesting as Indian society is predominantly agriculture-based.

Indian Crop Protection Industry is of enormous importance, not only to Indian farmers but also to the Indian economy as agriculture is a significant part of it employing majority of the workforce in India. As per the reply of Department of Chemicals and Petrochemicals, to a query related to the use of pesticides, by the Parliamentary Standing Committee (2012-2013), every year in India, pests and diseases eat away on an average 20-30% of food produced.Also, a study conducted by ASSOCHAM and Yes Bank in Feb, 2014 says that pests and diseases have resulted into annual crop losses worth about Rs 50,000 crore. These research reports show the importance of increasing the use of agrochemical productsby Indian farmers. Unfortunately due to poverty, lack of awareness and limited reach, per capita consumption of crop protection products in India is much lower compared to other countries in the world.The per-hectare usage of agrochemicals is only 0.6 kg in India, while for UK it is 7 kg and for China and Japan it is 13 kg and 17 kg, respectively. This creates huge untapped market offering tremendous growth potential in India’s Crop Protection Industry.

Despite having second largest crop protection chemicals industry in Asia, after Japan, with a size of above Rs 26,000 crore, use of these crop protection products have been very less by Indian farmers. Almost 50% of these products are exported. As per the report of Indian Journal of Ecology, crop losses due to non-usage of crop protection products were about 17.5 per cent of the yield amounting to Rs 90,000 crore per annum.Consequently, lack of awareness regarding the use of crop protection products among Indian farmers have been a serious challenge for the industry. Government is taking great efforts to educate farmers about the importance of these products.FICCI in association with the department of chemicals & petrochemicals, and department of agriculture & cooperation is organising various seminars to make farmers aware of the importance of these products.

Apart from lack of awareness among Indian farmers, Indian crop protection chemicals industry faces other challenges as well such as influx of spurious crop protection products, affecting crop yield, health and environment. Around 25% of the Indian pesticides market is constituted of fake pesticides. Also, the R&D in this industry is hampered by the lead period of 3years between a product is applied for patent and the time it is placed in the market, which is actually around 10-12 years between a product is conceptualized and placed in the market. Hence, developing a crop protection product considering market conditions, challenges and regulations 10-12 years ahead is tough and ambiguous task.

However, going by the positive side of the Crop Protection Industry in India, i.e. huge untapped market offering tremendous growth opportunities; with collaborative efforts of government and manufacturers, the scenario can be improved. Manufacturers should try to come closer to Indian farmers and try to understand their problems and need before strategizing their production plans. Also, through stringent regulations the growth of spurious pesticides in Indian pesticides market can be prevented.

To know more on coverage, click on the link below:

https://www.kenresearch.com/agriculture-and-animal-care/crop-protection/SC-104-18.html

Contact:

Ken Research

Ankur Gupta, Head Marketing & Communications

query@kenresearch.com

+91-124-4230204

Agricultural Robots: A tech savvy Agricultural Equipment for Efficient Farming: Ken Research


With upsurge of technology in agriculture sector, farming is becoming more modernized and sophisticated. Agricultural equipments such as threshers, harvesters, sprinklers, drill, seeder, planter, harrow, sprayer, plough and more have a strong demand. In present era revolutionary agricultural robots are introduced globally which possess extraordinary skills and efficiency which have strengthened the Agricultural Equipment Market Forecast. Use of such robots is extensively done in developed nations to boost output and crop yield drastically.

Now these sharp machines have become an inevitable requirement of the agricultural sector. Various types of agricultural robots have been introduced in recent time. Self-directed tractor robots are used for performing various farm related tasks like tilling, ploughing, etc. in farms. TADD (Trainable Anomaly Detection and Diagnosis) is a robotic system used extensively in potato farming in spotting, classifying and recognizing potatoes without any defect. Further, robots for decontamination and purification of soil in any sort of terrain are also introduced in recent times. Further, robots for various purposes like spraying, ploughing, weed controlling, farm navigation, packing, sowing, etc. are also introduced throughout the world and are gaining mind blowing popularity.

Various developed nations have started making considerable use of such agricultural robots in farming. Japan which is one of the largest manufacturer of robots in the world is also one of the leading consumers of agricultural robots in the world. Highly developed commercial farms are making substantial use of such robots. Kubota Corp. and Iseki & Co. are Japanese companies have introduced their model of agro-bots globally. Further, they are also producing models of autonomous tractor robots. Further, robots for carrying and handling farm produce is also introduced and used in Japan. Farms completely managed by robots are also becoming popular in Japan. Further, continents like North America and Australia are largest users of such robots. Future of agriculture of such continents is expected to be highly promising due to significant use of technology in farming. But however, developing and poor nations still lag behind in using such robots and are rather highly dependent on manual methods of farming. But use of such equipment and robots is definitely increasing in such countries due to rising trend of mechanization and modernization in developing nations.

 Many people are however criticizing use of robots and tech savvy equipment in agriculture and farming. Critics believe that such equipment may drive unemployment in the sector specially in developing nation where poverty is extremely high. But however, those in support of this technology believe that it’s a boon for agricultural sector since its increasing productivity while minimizing costs, time and efforts involved in the activity.

To know more on banking sector, follow the link:

https://www.kenresearch.com/agriculture-and-animal-care/agriculture-equipment/SC-104-19.html

Contact Us:
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249

Rage of Agricultural and Farming Equipment in Global Agriculture Industry: Ken Research


Advancement of technology in the agricultural sector led to mind boggling incursion of agricultural equipment in the global agriculture industry providing stepping stones for remarkable modernization and commercialization of the agricultural sector. Both developed and developing world witnessed this trend of using agricultural equipment in farming and agricultural sector. Traditional farming techniques are now becoming obsolete and global market is flooded with electricity driven agricultural machinery including tractors, threshers, plough, harrow, sprayer, harvester, sprinklers, diggers, harrow, etc. According to UN comptrade data global trade of agricultural equipment was worth whooping USD 58 billion in 2013. Further according to the data, sector was growing at the rate of 7.3% in 2004-13. Further, oil seeds and grain farming equipment was prime segment of the global agricultural equipment industry. Considering developing economies of the world, Canada, Australia, Germany, France, United Kingdom, Netherlands are biggest markets for agricultural equipment. Growth of agricultural equipment industry in developing countries like Mexico, Brazil and China is also significant. Major global agricultural equipment companies include AGCO Corporation, MTD PRODUCTS AG, Alamo Group, CLAAS, etc.

Considering European economy farming machinery market is extremely vigorous and strong. In the west tractors and farm harvesters has maximum share in the industry. Agriculture is proliferating in Germany, France and UK which is significantly contributing to maximum growth in the equipment industry. Further, positive sentiments are associated to growth in agricultural equipment market in central and Eastern Europe.

Farming equipment industry of North America is witnessing massive growth and development. Demand for harvesters reached new records after 2013. However, demand for tractors has risen meagerly in North American region. However, pessimism is associated to South American market due to low income growth, poor economic stability and low rainfall rates. Mexico and Brazil are performing outstandingly in the South American region.

Asian agricultural equipment market has witnessed remarkable growth relative to the global industry.  India and China emerged as prime markets for agricultural equipment in Asia. Both the economies are aiming at substantial mechanization and modernization of agriculture which has resulted in massive growth in the sector. However, monsoon failure in India to an extent has constrained the sales of harvesters but tractor sales are still sky high Indian economy.

African agricultural equipment industry growth is rather weak and dismal attributing to immense poverty and less reliance on agricultural industry. African economy still does not have well developed market for agricultural equipment.

Considering Australian economy, it is one of the largest market for agricultural equipment in the world. It is one of the leading importer of farming machinery from The US. Commercialization of agriculture, high income and greater mechanization has resulted in superbdemand for agricultural equipment in Australia. Sales of tractors is enormous in the continent.

Thus, global economy is witnessing splendid growth in the agricultural equipment sector. Remarkable sales, new launches, better agricultural income are the prime reasons which are going to generate further sales in the industry. Asian economy is expected to drive greater growth in the sector.

For more information on the Publication, refer to below Link:

https://www.kenresearch.com/agriculture-and-animal-care/agriculture-equipment/SC-104-19.html

Contact Us:
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249

Lindsay, Valmont, Netafim, The Toro Company and Jain Irrigation are the Leading Players in US Micro Irrigation System Market: Ken Research


Sprinkler irrigation technology has been widely adopted to cultivate field crops in large plantation as they have greatly reduced water usage per acre of land and lowered labor and fertigation costs. It is best suited for most field crops that are grown closely together such as cereals, pulses and grains. Field crops accounted for the largest market share in terms of application of micro irrigation systems in various crop types in the US.

Drip irrigation systems have witnessed limited adoption in large fields and field crops due to its higher installation cost and inability to efficiently water field crops which are grown in very less spacing between individual plants. However, the system has been adopted by the farmers to irrigate small fields especially in farms growing oilseeds such as sunflower, oil palm and others.

High initial capital investment in installing a micro irrigation system has been a major resistance in the growth of micro irrigation industry in the US. The federal government assisted a large number of agriculture producers with better irrigation practices including micro irrigation by providing them financial assistance, and technical assistance.

The micro irrigation industry in the US grew rapidly during 2010-2015 owing to superior efficiency of the systems in water usage and crop yields, easy implementation of fertigation and chemigation, lesser labor requirements and minimized fertilizer / nutrient loss. Several beneficial attributes of micro irrigation systems coupled with water scarcity and drought situations in many states are likely to catalyze the growth of the micro irrigation industry in the near future.

Sprinkler irrigation systems have had a dominant market share as compared to drip irrigation systems in the US and are expected to continue to account for a larger market share in the forecasted period between 2016 and 2020 as well. This is primarily due to the potential of sprinkler systems to effectively irrigate large farmlands in the country.

For more information on the market research report please refer to the below link:

https://www.kenresearch.com/agriculture-and-animal-care/farming/us-micro-irrigation-systems-market-report/42041-104.html

Contact:

Ken Research

Ankur Gupta, Head Marketing & Communications

query@kenresearch.com

+91-124-4230204

Demand Supply Gap for Corn in China Opens Investment Opportunity for International Players : Ken Research


  • In this regard, Chinese corn import has increased almost 5000 times over a period of 10 years, a phenomenon rarely observed in any industry worldwide.
  • Local producers in the Chinese corn industry are unable to meet the growing demand, opening lucrative investment options for international players.

Ken Research has announced its latest publication on, “Research Report on China Corn Industry 2016-2020”, which provides detailed insights into the corn industry in China. The publication includes information regarding the overall import and export statistics of corn in the Chinese market. In addition, the policies formed by Chinese government to meet the increased corn demand in terms of import and local production. Furthermore, profile of leading players along with their pricing techniques are also included in the report. The research report also discusses the future outlook for the Chinese corn market.

As the export-led manufacturing industry in China grew exponentially over the past 15 years, its corn consumption also increased simultaneously. Out of the total corn consumption, only one-third is eaten directly and the rest of it utilized as a fodder or industrial raw-material. This had led to an excessive demand for corn in China. As per the statistics, China’s corn yield in 2015 was 224.58 million tons, increasing about 4.14% YoY. However, the local corn producers in China are not able to meet such a demand.

china corn

There are several factors that are limiting the overall corn yield in China. Firstly, most of the corn products are primary products whose additional value is low. Another problem in corn processing industry is the excess capacity of primary products especially starch and edible oil as well as low operating rate. Besides, as the competition among small enterprises is fierce, the whole industry awaits further integration. Thus, the Chinese manufacturers had to focus on importing the corn in order to meet their demands. Historic (2003-2012) data suggest that the import for corn grown by almost 5000 times in a period of ten years, i.e. for 1000 tons in 2003 to 5.208 million tons in 2012. Since 2010, China has become the net importer of corn. As of 2015. However, during the period of 2013-2015 the import of corn considerably dropped because of the publication of Interim Measures for the Administration of Import Tariff Quotas of Agricultural Products by the Ministry of Commerce of the People’s Republic of China and the National Development and Reform Commission. Yet, surprisingly, by the end of 2015, the import of corn in China was reported to be 4.73 million tons, increasing almost 82% YoY.

In terms of future outlook, the demand for corn is China is expected to increase and the local supply would not be enough to meet it. By the end of 2020, China is expected to remain the largest net importer of corn worldwide. Additionally, the annual import of corn in China is expected to cross 10 million tones over the next five years. Thus, there are increased, highly lucrative opportunities for global corn manufacturers to enter the Chinese market.

The consumption of corn globally has increased significantly over the past few years. Corn, also known as maize, was initially primarily cultivated for eating purpose. Various types of corn include sweet corn, pod corn, popcorn, waxy corn, flint corn, flour corn and dent corn. However, with increasing industrialization and urbanization, corn is now used worldwide as both fodder and as a raw-material for many industries. Globally, the US is the largest producer of corn. On the demand side, China is the largest net grain importer, with corn being the highest in terms of volume.

Some key factors governing the corn industry worldwide include:

  • Increasing industrialization
  • Increasing urbanization leading to less people engaging in agriculture in developing economies like India and China
  • Increasing awareness regarding the usability of corn and its subsidiaries a cheaper alternative to raw materials currently being used in many industries.

 Key Topics Covered in the Report:

  • Corn production in China
  • Chinese policy supporting corn growing
  • Chinese policy for imported corn
  • Demand in corn market in China
  • Development of corn processing industry in China
  • Major enterprises in corn processing industry in China
  • Corn import and export in China
  • Price tendency of corn in Chinese market
  • Outlook of corn market in China

To know more on coverage, click on the link below:

https://www.kenresearch.com/agriculture-and-animal-care/farming/china-corn-industry/8499-104.html

Related Reports:

https://www.kenresearch.com/agriculture-and-animal-care/seed/india-seed-industry-research-report/372-104.html

https://www.kenresearch.com/agriculture-and-animal-care/seed/latin-america-seed-market-research-report/273-104.html

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