|05-29-2018 03:13 PM CET - Industry, Real Estate & Construction||
Global Rotavators Market Opportunities, Key Growth Factors, Ongoing Trends, Market Perspective and Forecast till 2026
Press release from: Fact.MR
Recently, a novel report developed using proven research methodologies at the headquarters of Fact. MR has identified various prominent factors and trends prompting market growth of rotavators market. The study is titled as “Rotavators Market Forecast, Trend Analysis & Competition Tracking – Global Review 2017 to 2026”, which deeply analyses the global market trends, with historical data from 2016 and 2017, and projections of compound annual growth rates (CAGRs) during the mentioned forecast of 2017-2026. For the benefit of the readers, the report concludes with a special focus on the detailed profiles of the major vendors in the global rotavators market.
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According to a study by Fact.MR, the global market for rotavators is expected to witness slow growth throughout the forecast period. By the end of 2026, in terms of volume, 868,097 units of rotavators are expected to be sold. While, in the terms of value, the global rotavators market is projected to register 3.5% CAGR between 2017 and 2026. Along with the use in agriculture, rotavators are also being used on a large scale for gardening. However, the high replacement cost of blades in rotavators is hampering the growth of the market.
Hydraulic Rotavators to Emerge as Highly Preferred Mechanism
Increasing area of agriculture is resulting in the use of hydraulic rotavators as they are considered to be the best for use in the cultivation of large area of soil. Hydraulic rotavators are estimated to reach nearly US$ 2,000 million revenue by 2026 end. hydraulic rotavators are used on a large scale as they are robust, extremely powerful and can help in breaking up toughest and difficult soil. Manufacturers are also integrating user-friendly control systems in hydraulic rotavators for easy handling and to adjust the ground speed making it easy and effective.
Asia Pacific Excluding Japan (APEJ) to Dominate the Global Rotavators Market
APEJ is likely to remain dominant in the global market for rotavators. By the end of 2026, more than 418,900 units of rotavators are projected to be sold in the APEJ region. Agricultural process is advancing in APEJ. The regional market for rotavators is driven by India and China due to the large area of agriculture. Rotavators are also considered to be the better option by farmers in India as compared to conventional tillage equipment. Also, farming practice in Australia is highly mechanized. Meanwhile, Vietnam and Thailand hold growth opportunity for rotavator manufacturers. Improvement in infrastructure in Asian countries are creating favorable conditions for rotavator manufacturers. Hence, manufacturers are investing in the farm machinery market in the APEJ region.
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C Type of Blades in Rotavators to Witness Significant Growth in the Global Rotavators Market
Compared to the L type of blades, C type of blades in rotavators are likely to witness significant growth during 2017-2026. C type of blades are projected to exceed US$ 1,000 million in terms of revenue towards 2026 end. L type of blades has been used for a long time in rotavators. However, the demand for C type of blades is growing as they consume less power to operate as compared to L type of blade. C type of rotavator blades are being made using high quality of steel which helps in tilling the soil easily. Moreover, it is also considered to be effective in chopping plant residual. However, L type blades are still used for shallow cultivation.
40 to 47 Horsepower Tractor to Witness the Highest Growth during the Forecast Period 2017-2026
40 to 47 HP tractors are likely to witness the highest growth in the global rotavators market. Towards the end of 2026, more than 265,000 units of 40 to 47 HP tractors are projected to be sold. Tractors with 40 to 47 HP are considered to be suitable for complex farming tasks. These tractors are also capable of attaching various equipment to accomplish various agriculture jobs. Apart from agriculture, tractors with 40 to 47 HP are also witnessing increasing demand for infrastructure and construction activities. The trend of collaborative farming is also driving the growth of 40 to 47 HP tractor.
Asia Pacific Excluding Japan (APEJ) followed by North America is expected to witness the highest growth in the global market for rotavators during 2017-2026. Adoption of advanced equipment for agricultural activity in China and India is driving the demand for rotavators in APEJ.
Bharat Engineering Company, Preet, Wecan, Sietz, Alpego Spa, Saecoagrotech, Kuhn, Claas, Ponsse, Korne, Fieldking, AMC, Dasmesh, ISEKI, and Ploeger Agro BV are some of the companies operating in the global market for rotavators.
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Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized automotive market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that’s why we publish multi-industry global, regional, and country-specific research reports.
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