Advanced Technologies helps in growth of Agriculture and Farm Machinery

 

Agriculture and Farm Machinery

Agriculture and Farm Machinery refers to the tools and machinery that farmers in agricultural farmlands use to boost their crops' output. Harvesting machinery, tractors, cultivators, and other similar machines are used for a variety of tasks such as tilling, ploughing, disking, and harvesting. These machines differ depending on the kind of farming, such as organic and non-organic farming. Agriculture machinery has progressed substantially over the years as new technology such as GPS tracking and improved fuel economy have been incorporated.

Globally, there is a huge increase in food demand. This is attributable to the world's expanding population and disposable wealth. Increased food demand has prompted farmers to embrace modern agricultural techniques in order to raise crop yields, resulting in increased demand for Agriculture and Farm Machinery throughout the world. Countries in Asia Pacific, such as India and China, are experiencing demographic shifts. In Asia Pacific, rising population is driving up food consumption, which will drive up demand for agricultural gear for agriculture productivity in the area.

According to Coherent Market Insights, The global Agriculture and Farm Machinery Market was valued at US$ 174.6 Bn in 2019 and is forecast to reach a value of US$ 342.8 Bn by 2027 at a CAGR of 8.8% between 2020 and 2027.

Many farmers all around the world are using innovative machinery to help them with their farming operations. By establishing deadlines in agricultural operations, automation of farming operations results in enhanced yield and profitability. Agricultural mechanisation also aids in the preservation of farm products, resulting in increased profitability and cost-effectiveness by lowering post-harvest losses. These techniques decrease waste, extend shelf life, and promote value addition and money transfer to farmers from various consumer groups. According to Agrievolution VDMA, new tractor sales in Asia Pacific for India and China totaled 840,000 units in 2011.

Agriculture and Farm Machinery is quite costly. Cultivators, tractors, harvesters, crop sprayers, and trailers all demand substantial upfront cash. Due to their limited purchasing power, not all farmers, particularly those from rising countries such as India, Brazil, Indonesia, and South Africa, can buy such heavy Machinery. As a result, demand for these machines in growing markets like Latin America and the Middle East is minimal.

Due to global urbanisation, farmland has been converted into commercial premises throughout the years. These farmlands are being developed for commercial use, such as homes, hotels, and shopping malls. This has a knock-on effect on Agriculture and Farm Machinery utilisation. Due to the shrinking size of farmlands, it has become difficult for individual farmers to buy heavy equipment since return on investment takes a long time.

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