DUBLIN, February 28, 2014 /PRNewswire/ --
Research and Markets (http://www.researchandmarkets.com/research/hkgnpw/preharvest) has announced the addition of the "Pre-Harvest Market by Types and Geography - Trends & Forecasts To 2018" report to their offering.
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Globally, the pre-harvest agri-equipment industry is witnessing steady growth on account of the growing population, increasing demand for food, growth in farm mechanization level and acceptance by the farmers to use the farm mechanization techniques and implements. Agricultural equipment has proven advantageous in terms of increased yield and also the quality of crop produced. Increasing profitability due to the use of farm equipment is leading to increased rate of adoption by the farmers. Advancements are made to manufacture environment friendly agricultural equipment at a cheaper cost and customized according to the region and crop. These positive attributes of agriculture equipment are viewed as excellent business opportunity in a steadily growing agricultural equipment market.
Many major players operating in this marketplace are focusing on Asia-Pacific and Latin America regions for business expansion as the increasing awareness among the farmers and the arable land available has triggered the demand for farm equipment. However, small and fragmented land holdings which are predominant in major countries of these region are restraining the growth of the industry.
The global market for pre-harvest agri equipment was $40,118.2 million in 2012 and is expected to reach $55,696.6 million by 2018, growing at a CAGR of 5.7% from 2013 to 2018. On a global scale, Asia-Pacific region is the fastest growing market growing at the estimated CAGR of 6.3% during the forecast period. The consumption growth is particularly high in countries such as China, India and Thailand because of increased consumption of agricultural food due to the increase in the world population and growth in the agriculture machinery industry.
Key participants in the pre-harvest agri equipment market include Deere & Co. (U.S.), AGCO Corp. (U.S.), CNH Global (Netherlands), Bucher Industries (Switzerland) and Kubota Corp Ltd. (Japan). The pre-harvest agri equipment market is witnessing rapid development in the areas of new product launch and collaborations. Leading companies are focusing on the expansion of respective business across high-growth regions and setting up new manufacturing plants for increasing production capacities along with broadening of product line.
Key Topics Covered:
2 Executive Summary
3 Premium Insights
4 Market Overview
5 Global Pre-Harvest Agri Equipment Market, By Types
6 Pre-Harvest Agri Equipment Market, By Geography
7 Competitive Landscape
8 Company Profiles
- AGCO Corp
- Alamo Group Incorporated
- Bucher Industries Ag
- CNH Global
- DEERE & Company
- Daedong Industrial Co Ltd
- Escorts Group
- Exel Industries
- Foton Lovol International Heavy Industries Ltd
- Horsch Maschinen Gmbh
- Iseki &Company Ltd
- Kubota Tractor Corporation
- Kukje Machinery Corporation Ltd
- Mahindra & Mahindra Ltd
- Netafim Ltd
- Rain Bird Corporation
- The Toro Company
- Tractors &Farm Equipments Ltd (TAFE)
- Valmont Industries Inc
- Yanmar Company Ltd
For more information visit http://www.researchandmarkets.com/research/hkgnpw/preharvest
Media Contact: Laura Wood , +353-1-481-1716, firstname.lastname@example.org
SOURCE Research and Markets