Dallas, Texas (PRWEB) July 11, 2013
The practice of agriculture around the world showed a significant change owing to the developments made in the farm equipment industry. Mechanization in agriculture increasingly proved important and played a key role in agricultural production globally. The inclusion of mechanization not only influenced and reduced the workload, but changed the characteristics of labor in agricultural practices. Agricultural mechanization improved the timeliness of operation and increased the capacity of production. But this also resulted in the need of bigger and heavier machinery, and also for higher speeds. Conservation and proper utilization of natural resources and reduction in the overall cost of production is also possible if the agricultural machinery is used efficiently. Farm operations are performed on time and better quality of agricultural commodities is produced by the usage of machinery. The global pre-harvest market (http://www.reportsnreports.com/reports/264883-pre-harvest-market-by-types-primary-tillage-equipments-secondary-tillage-equipments-planting-equipments-irrigation-equipments-plant-protection-and-fertilizing-equipments-others-by-geography-trends-forecasts-to-2018.html) is estimated to grow at a CAGR of 5.7% from 2013 to 2018, reaching to revenue of $ 55,696.6 million by 2018.
The global pre-harvest market has grown exponentially in the last few years and a similar trend is expected to continue for the next 7 to 8 years. Leading companies are focusing on launching of new products for expansion of the business in local as well as foreign markets. Investment and expansion is the second most preferred growth strategy after a new product launch.
Asia-Pacific and Europe are the leading consumers of pre-harvest agricultural equipment – together accounting for more than 60% of the consumption on a global scale. Asia-Pacific is estimated to be the fastest growing region in terms of revenue. Growth is particularly high in countries such as China, India, Japan, Turkey, and Thailand. The pre-harvest agricultural equipment market consists mainly of the equipments such as Primary Tillage Equipments, Secondary Tillage Equipments, Irrigation Equipments, Plant protection & Fertilizing Equipments and Planting. The Planting Equipment accounts for 30% of the total market share.
The global pre-harvest agricultural equipment market is driven by many factors such as growth in population growth and the increasing demand for food, increasing net farm income due to farm mechanization and government subsidies in Asia-Pacific region. The main obstacles are the lack of awareness of farm mechanization among the farmers. Another reason which restricts the growth of this industry is small and fragmented land holdings.
We have used various secondary sources such as directories, and databases to identify and collect information useful for this extensive commercial study of pre-harvest agricultural equipment market. The primary sources – experts from related industries and suppliers have been interviewed to obtain and verify critical information as well as to assess the future prospects of agricultural equipments.
To capitalize on the growth trend in the global pre-harvest market, several leading agricultural equipment companies are making efforts towards research and development and manufacturing of farm equipments and implements. Furthermore, agriculture equipment companies are gradually expanding their product offerings within this product line to meet the growing demand for them. We have profiled leading players which operate within this industry, and have presented an overview of their recent developments and other strategic initiatives. Some of these companies include: Deere & Co (U.S.), CNH Global (Netherlands), Bucher Industries (Switzerland), Kubota Corp. Ltd (Japan), Alamo Group Incorporated (U.S.A), and Valmont (U.S.A).
Scope of the report
This research report categorizes the global market for pre-harvest agricultural equipment on the basis of types, sub-types and geography and analyzing the trends in each of the submarkets:
On the basis of Types
Primary Tillage Equipment (Moldboard Plough, Disc Plough, Rotary Plough, Chisel Plough, Sub Soil Plough and Others)
Secondary Tillage Equipment (Disc harrows, Cultivators, Rollers and Pulverizers)
Planting Equipment (Seed Drill, Planters, Transplanters, Air Seeders and Others)
Irrigation Equipment (Pumps, Filters, Pipes, Valves, Emitters and Others)
Plant Protection and Fertilizing Equipment (Hand Operated Sprayers, Motorized Sprayers, Boom Sprayers, Air Blast Sprayers, Granular Applicators, Aerial Applicators and Others)
On the basis of Geography
Company Profiles (Overview, Financials, Products & Services, Strategy, And Developments):
1. AGCO Corp.
2. Alamo Group Incorporated
3. Bucher Industries Ag
4. CNH Global
5. Daedong Industrial Co. Ltd
6. DEERE & Company
7. Escorts Group
8. Exel Industries
9. Foton Lovol International Heavy Industries Ltd
10. Horsch Maschinen GmbH
11. Iseki &Company Ltd
12. Kubota Tractor Corporation
13. Kukje Machinery Corporation Ltd
14. Mahindra & Mahindra Ltd
15. Netafim Ltd
16. Rain Bird Corporation
17. Tractors &Farm Equipments Ltd (TAFE)
18. The Toro Company
19. Valmont Industries Inc.
20. Yanmar Company Ltd
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