The Global pre-harvest market was estimated to be worth around USD 49 billion in 2016 and is expected to reach USD 66.04 billion by 2021, growing at the CAGR of 6.15% from 2016 to 2021
Hyderabad, India -- (SBWIRE) -- 03/15/2018 -- The report " Pre-Harvest Equipment Market By Type (Primary Tillage Equipment, Secondary Tillage Equipment, Planting Equipment, Irrigation Equipment, Plant Protection & Fertilizing And Others), And By Region - Global Industry Analysis, Size, Share, Growth, Trends, And Forecasts (2016–2021)", The Global pre-harvest market is expected to be of worth USD 66.04 billion by 2021, by growing with a rate of 6.15% from the 2016's valuation of USD 49 billion. Mechanisation of farming procedures around the world is the key driver behind the projected growth of the market.
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Lack of necessary labour for farming to improve the global market's growth
As per division according to Type, the global market is divided into Planting Equipment, Irrigation Equipment, Primary Tillage Equipment, Secondary Tillage Equipment, seed drills, planters, Plant Protection & Fertilizing and other types. The increasing problem with the availability of labour at the necessary time and the high cost of labour results in growing demand for pre-harvest equipment like planters in developing countries.
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The growing demand for food is difficult to meet with the ever increasing population of the world at an alarming rate. This results in a growing demand for scientific methods during harvest season. This acts as a positive effect on the growth rate of the global market.
Asia Pacific market to grow at a high growth rate from 2016 to 2021
Under classification on the geographical basis, the global market is studied as the following regions - North America, Europe, Asia-Pacific, Latin America, Middle East and Africa. Because of the presence of agriculture-based countries like India and China which possess emerging markets, the Asia Pacific region provides a huge market potential to be explored.
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The key market players in the global Pre-Harvest Equipment Market are Valmont Industries Inc.(U.S.), Iseki & Company Ltd(Japan), CNH Global (The Netherlands), AGCO Corp (U.S.), Mahindra & Mahindra Ltd (India) and Deere & Company (U.S.).
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