Drones – A Welcome Addition to Agricultural and Farm Equipment Machinery

Burgeoning demand for food has forced farmers to turn to machines to aid them in their annual yield. Agricultural and farming equipment are tools used by farmers to improve crop productivity.

Development in Farming Tools

Agricultural and farming machinery are tools and equipment required by farmers to increase annual productivity. Technologies such as global positioning system (GPS) and automated machines are being implemented by farm equipment manufacturers to entice farmers. Farmers are willingly adopting such tools to make up for labor shortage. The decision to avoid using chemicals to grow crops has encouraged farmers to adopt newer technologies such as precision farming.

Technology Lending A Helping Hand

The Chinese government has allocated nearly USD 20 billion since 2004 to purchase farming machinery to increase productivity and feed its burgeoning population. It has even agreed to offer subsidies to agricultural co-operative societies and farmers to make it easier to buy farming equipment. It has decided to deploy unmanned aerial vehicles (UAVs) or drones to spray rice paddies with pesticides. Corn, wheat, and rice paddy are crops that currently rely on mechanized farming in the country.

FarmBot, a machine capable of planting seeds and plowing fields, can be a boon for small- and mid-scale farmers. It can be operated using a web browser and programmed to conduct tasks on the field. It relies on soil data and temperature analytics posted on OpenFarm, a social networking site for FarmBot users, to enhance its operating system over time.

Market Overview

The worldwide agriculture and farm equipment/machinery market is projected to value USD 243.4 billion by 2025, according to Grand View Research, Inc. It is anticipated to exhibit a CAGR above 7% over the forecast period (2014 – 2025). It is driven by demand for food by the rising population and adoption of novel technologies by farmers to yield better harvests.

Tractors are expected to be the biggest product segment within the market, predicted to generate USD 30 billion by 2025. The harvesting and threshing application segment is expected to gain a high market share over the forecast period due to shortage of workforce. Asia Pacific is estimated to exhibit a high growth rate in the forthcoming years on account of large expanses of cultivable land in China and India. Prominent market players include Kubota Corporation, Mahindra & Mahindra Limited, AGCO Corp., and Deere & Company.

In-Depth research report on Agriculture (Farm) Equipment/Machinery Market:

http://www.grandviewresearch.com/industry-analysis/agriculture-equipment-market