New Launches to Flourish Agriculture Equipment Industry, Despite Covid-19

Long gone those days when farmers used an ox or other animals to till and plow the grounds. The change in time and needs and increasing demand for high-quality products have made the farmers adopt new and advanced procedures. The farmers are switching to adapt to the latest technologies and equipment to increase productivity.

Mechanized farm tools and equipment are becoming more widespread these days. And more of the farmers are keeping in sync with technology to coup up with modern times making the best use of technology. The farming sector has been through lots of developments and the advent of agricultural equipment has offered a helping hand, to enhance advancement. These factors have expanded the demand for agriculture equipment. However, the unsolicited arrival of the pandemic has impacted both equipment manufacturing and agricultural industry.

Covid-19 impacted manufacturing, causing certain roadblocks for agriculture equipment-

The whole world has entered the era of the Covid-19 pandemic, which is continuously wreaking mayhems everywhere. The lockdowns and remote working issued by the government bodies and healthcare associations to curb the diseases have impacted the manufacturing firms. The farm equipment industry plays an important role in the food value chain offering necessary equipment and maintenance support. However, during the COVID-19 outbreak, the manufacturing plants have been shut down to maintain social distancing.

On the other hand, the supply chain disruptions have impacted both the manufacturing and the agriculture industry. The shortage of laborers increased the demand for agriculture equipment, however, the roadblocks in the product supply chain due to restrictions have impacted the farm.

Nevertheless, leading to economic benefits, the government bodies in several regions have relaxed certain restrictions and permitted certain manufacturing firms to restart the operations, concerning all the precautionary measures. Though Covid-19 is still causing havoc, however, like other industries the agriculture equipment manufacturing firms are tackling the impacts with strategic steps. Also, the market players have started to take initiatives to prosper the industry with new product launches.

New product launches amid the pandemic to flourish the market-

The end of the pandemic is yet unpredicted. And therefore, the key market players are coming along with more than one way to tackle the disaster. Recently, Mahindra group, an Indian multinational conglomerate holding company’s farm equipment sector has launched its new Sarpanch Plus range of tractors in Maharashtra, India. Furthermore, the new range of series with the latest ELS engine technology and higher power and fuel efficiency has six years of warranty. Moreover, the series aims to meet the evolving demand by farmers.

Agricultural equipment assists with better crop harvesting in less time and minimum efforts compared to the traditional methods. The use of agricultural equipment reduces the requirement of human labor, therefore offering low-cost services. This also aids to execute operations more precisely.

Rise in the mechanization of various farming activities is anticipated to increase the demand for agriculture equipment. Furthermore, the benefits associated with agriculture equipment increase the dependency of farmers on them, driving the demand growth. According to a report published by Allied Market Research, the agriculture equipment market is anticipated to garner $166.49 billion by 2027. The growth in the global population increases the demand for additional food cultivation, and agriculture equipment comes out as the best assistance to meet the demand offering convenience in cultivation processes in less time. On the other hand, a decrease in efforts for farming has fueled the demand for mechanization. Moreover, with further advancements in equipment, a rise in awareness regarding the benefits of using agriculture equipment, and development support and initiatives to bring progress in farming activities are anticipated to escalate the market growth, in the coming year.

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