Boston, MA -- (SBWIRE) -- 08/02/2013 -- The practice of agriculture around the world showed a significant change owing to the developments made in 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. Agriculture 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 are produced by usage of machinery. The global pre-harvest market is estimated to grow at a CAGR of 5.7% from 2013 to 2018, reaching to revenue of $55,696.6 million by 2018.

View Full Report Details and Table of Contents

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 new products launch.

Asia-Pacific and Europe are the leading consumers of pre-harvest agri 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 agri 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 agri 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 mechanisation among the farmers. Other 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 agri 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.

About Fast Market Research
Fast Market Research is an online aggregator and distributor of market research and business information. Representing the world's top research publishers and analysts, we provide quick and easy access to the best competitive intelligence available. Our unbiased, expert staff will help you find the right research to fit your requirements and your budget. For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 1.800.844.8156.

Browse all Food research reports at Fast Market Research

You may also be interested in these related reports:

- North American Food Safety Testing Market by Contaminants (Pathogen, GMO, Toxin, Pesticide), Technology (Traditional & Rapid), Food Types (Meat & Poultry, Dairy, Fruit & Vegetable, Processed Food) & Geography -Trends & Forecast to 2018
- Food Safety Testing Market By Contaminants (Pathogen, GMO, Toxin, Pesticide, Others), Technology (Traditional & Rapid), Food Types (Meat & Poultry, Dairy, Fruit & Vegetable, Processed Food, Others) & Geography - Global Trends Forecast to 2018
- Food Enzymes Market By Types (Carbohydrase, Protease, Lipase), Applications (Beverages, Dairy, Bakery), Sources (Microorganisms, Plants, Animals) & Geography - Global Trends & Forecasts To 2018
- Gluten-Free Products Market By Type (Bakery & Confectionery, Snacks, Breakfast Cereals, Baking Mixes & Flour, Meat & Poultry Products), Sales Channel (Natural & Conventional) & Geography - Global Trends & Forecasts To 2018
- Aqua Feed Market By End Consumption (Fish, Crustaceans, Mollusks, Others), By Additives, (Antibiotics, Vitamins, Antioxidants, Amino Acids, Feed Enzymes, Feed Acidifiers, Others), By Geography: Global Trends & Forecasts To 2018
- Acidulants Market: Global Trends and Forecasts up to 2018
- Feed Enzyme Market By Type (Phytase, Protease & NSP), Sub-Type (Xylanase, Cellulase, Pectinase, a-glucanase & Mannase), & Application (Swine, Poultry, Ruminant, Aqua Feed & Others)-Global Trends & Forecasts to 2018
- Refurbished Medical Equipments Market (2012-2017) - Global Trends & Competitive Analysis
- Seed Treatment Market - Global Trends, Forecasts & Technical Insights up to 2018
- Cryogenic Equipment Market, by Industry Application, Cryogenic (Low Temperature) Liquid, & Product Type (Tank, Valve, Vaporizer & Pump) - Global Trends & Forecasts up to 2017