Agricultural Equipment

Format: 2016-08-27
Format: 2016-08-27
August 25, 2016 | 67 Pages | SKU: IRTNTR10321

Overview of the global genetically modified (GM) seeds market

According to Technavio’s market research analysis, the global genetically modified (GM) seeds market will grow at a CAGR of almost 10% by 2020. GM seeds occupy more than 50% of the global commercial seeds market and include seeds like corn, soybean, cotton, canola, sugar beet, and wheat. These seeds have improved traits like high yields and resistance to adverse environmental conditions, pests, and herbicides. The genetically-modified seeds offer premium characteristics to increase yields, enable longer shelf life, and greater resistance to insects. The reducing size of arable land is the major growth driver for the implementation of GM crops, which will speed up the crop production process. Vendors in the market are coming up with several new GM crops which offer multiple modes of resistance to pests and diseases and increased tolerance to herbicides such as Vitamin A-enriched rice and wheat, drought tolerant maize, biofortified bananas, and pest resistant cowpea and beans.

North America will continue to dominate the market during the forecast period and is likely to occupy around 30% of the total market share by 2020. The growing adoption of biotechnology in agricultural practices is one of the latest developments in the North American market. With various advancements in GM seeds, this market has become innovative and is providing solutions to farmers for several environmental conditions like drought, salinity, and disease stress that affect the yield and production of many crops. The growing demand for GM corn and soybean seeds with HT and IR traits will help the market grow steadily in this region.

Competitive landscape and key vendors

The global GM seeds market is highly fragmented and consists of a vast number of large- and mid-sized


August 19, 2016 | 62 Pages | SKU: IRTNTR10231

Overview of the aquaculture market in China

The majority of the Chinese population prefers seafood because of its high nutritional value and easily digestible nature, and availability at low costs. They take these sea products in daily diets as they are more economical than animal protein and are also authentic and traditional. The increasing production of seafood in China and the rising awareness of seafood's nutritional value are increasing seafood trade in the region. Aquatic products like farmed salmon and shrimps are highly nutritious sources of food, consisting of a good amount of proteins, vitamins (A, B, and D), and minerals (iodine, iron, phosphorus, and zinc). They are also a significant source of Omega-3 fatty acids such as docosahexaenoic acid (DHA) and eicosapentaenoic acid (EPA). Moreover, the minerals and nutrients found in seafood also play a crucial role in the improvement of brain development and reproduction. The growing awareness about the high nutritive content of seafood will boost the growth prospects for the aquaculture market in China. Technavio’s market research analyst predicts that the aquaculture market in China will grow at a CAGR of around 3% by 2020.

The growing environmental concerns, preference for organic foods, and food safety issues have resulted in the increased emphasis on organic aquaculture. Organic aquaculture in China is primarily concentrated in regions like Zhejiang, Hainan, Mongolia, Jiangsu, Xinjiang, Liaoning, Hunan, Anhui, Fujian, and Shandong provinces. Around 200 operations spread across an area of roughly 400,000 hectares have received organic aquaculture certification in the


June 10, 2016 | 55 Pages | SKU: IRTNTR8589

Outlook of the global agriculture sprayer market

Technavio’s market research analyst predicts the global agriculture sprayer market to grow moderately at a CAGR of about 5% until 2020. Agriculture sprayers are used by farmers to apply herbicides, pesticides, and fertilizers to crops. The growing adoption of advanced farming techniques is leading to the increased adoption of agriculture sprayers during the predicted period. Moreover, the availability of agriculture sprayers in the form of portable sprayers, such as backpacks and sprayer guns, and as trailed sprayers will result in its augmented adoption during the forecast period.

The rising demand for self-propelled sprayers will impel market growth during the forecast period. Recently, it has been observed that farmers prefer less tillage as it prevents soil degradation. This trend has augmented the demand for self-propelled crop sprayers that can be used for both pre- and post-plant treatments. Though traditional pull-type sprayers are still in use, self-propelled units are becoming more popular as they allow more control over application time and cause less crop damage.

Product-based segmentation of the agriculture sprayer market

  • Fuel based
  • Electric
  • Hand-held

In this market study, analysts have estimated the fuel-based sprayer segment to account for more than 53% of the total market share by 2020. Fuel-based agriculture sprayers have high capacity and are highly efficient; thus, they are in high demand when compared to electric agriculture sprayers. Since these sprayers are inexpensive and readily available in the market, their demand, especially from developing regions like APAC and ROW, will increase rapidly during the forecast period.

Geographical segmentation and analysis of the global


May 26, 2016 | 54 Pages | SKU: IRTNTR8497

Outlook of the global tree trimmer market

Technavio’s market research analyst predicts the global tree trimmer market to grow moderately at a CAGR of about 5% during the forecast period. The consumers’ increasing purchasing power is a key driver for the growth of this market. Also, an increase in the number of households participating in lawn and garden activities will further enhance the growth prospects for this market.

The advent of battery powered tree trimmers is expected to boost market growth during the forecast period. The manufacturers of tree trimmers are increasingly incorporating advanced technologies to enhance their productivity and income. For instance, the Husqvarna Group is increasing its efforts to sell more battery products, such as battery-powered tree trimmers. This increase in the incorporation of advanced technologies will aid in the growth of this market during the forecast period.

Product-based segmentation of the tree trimmer market

  • Gas
  • Electric

The gas powered tree trimmer segment currently dominates this market and accounts for around 56% of the total market share. The high utilization of gas powered tree trimmers in the commercial segment due to their high capacity and efficiency will foster the prospects for growth in this market segment during the forecast period.

Geographical segmentation of the tree trimmer market

  • APAC
  • Europe
  • North America
  • ROW

The North American region accounted for about 55% of the total market share in 2015 and is expected to grow at a CAGR of approximately 4% during the forecast period. The recent increase in urbanization and the presence of a large number of vendors in this region are the


May 25, 2016 | 77 Pages | SKU: IRTNTR8293

Market outlook of the agricultural machinery market in the US

Technavio’s market research analyst predicts the agricultural machinery market in the US to grow at a CAGR of around 4% during the forecast period. Consolidation of farms is the primary growth driver for this market. In the past two years, the US farms have witnessed increased number of consolidation, which has increased the number of large-sized farms. This trend is expected to continue as it has helped the large farms increase their investment in expensive agricultural machinery, driven by economies of scale, mass production, and higher revenue realization. Therefore, an increase in the number of large farms will fuel demand for agricultural machinery products, which will boost the growth of the market.

The lack of skilled workforce is also another major factor anticipated to drive the market growth during the forecast period. Agriculture is a labor-intensive and time-consuming process and with the shortage of farm labor, the agricultural sector in the US is largely affected. Factors such as aging workforce, the shift of focus among people toward other jobs, and stringent immigration rules have resulted in the mechanization of farms to replace workforce, and this is expected to drive the demand for agricultural machinery.

Product segmentation and analysis of the agricultural machinery market in the US

  • Tractor
  • Combine harvester
  • Haying machinery
  • Planting and fertilizing machinery
  • Plowing and cultivating machinery
  • Livestock machinery

The tractors segment dominated the agricultural machinery market in the US in 2015 and accounted for almost 40% of the total market share. The mid-range and compact tractors witnessed the strongest


April 28, 2016 | 54 Pages | SKU: IRTNTR8391

Market outlook of the global grow lights market

Technavio’s research analyst predicts the global grow lights market to grow steadily at a CAGR of approximately 12% during the forecast period. The world is witnessing a reduction in arable land, which is forcing the use of greenhouse and vegetable factories. Grow lights are one of the major components of these factories.

One of the most promising fields in agriculture these days entails growing crops indoors in layers, stacked in racks, in existing underutilized warehouses or multi-story buildings. Increasing population and urbanization has forced people to adopt indoor farming to meet the increasing food demand. Grow lights are extensively used for indoor farming, and this is expected to increase their demand during the forecast period.

Product segmentation and analysis of the grow lights systems market

  • LED
  • Fluorescent
  • High pressure sodium (HPS)
  • Incandescent and halogen

The fluorescent grow light segment dominated the global grow lights market with close to 53% of its share in 2015. In the past, standard fluorescents were primarily used for starting seedlings, mainly because they were inefficient. But advances in technology have changed that. High output and compact fluorescent grow lights emit more light, less heat, and a strong light spectrum than standard fluorescents, and are more efficient than incandescent lamps.

Geographical segmentation and analysis of the grow lights systems market

  • APAC
  • Europe
  • North America
  • ROW (Latin America and MEA)

Europe dominates the global grow lights market. There has been an increase in


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