Thanks to the technological advancements, farming has come a long way. Agricultural practices from different parts of the world have witnessed significant changes, in terms of the use of technologies, equipment and mechanisms. Notable presence and rising demand of the global agricultural equipment market is also claimed to be a reason for growing demands for pre-harvest activities in various parts of the world. Rising global demands, increasing world food demands and positive approach by farmers from different parts of the world are some of the major drivers for the global pre-harvest market.
Producing high quality crops is in the interest of both farmers as well as the overall industry. Hence, farmers are keen on seeking farm mechanization techniques and their usage. All these things are building a positive future for the global pre-harvest market, which is apparent in the market research reports for the same. According to the recent findings, the global industry is expected to increased at an estimated CAGR of 5.7% starting from the year 2013 to 2018. According to the 2012 findings, the market was worth $40,118.2 million in 2012. At the estimated CAGR, the industry is anticipated to cross $55,696.6 million by the end of 2018.
Segmentation and Forecasts for Pre-Harvest Industry
Segmentation in the pre-harvest market is largely based on the types of equipment and geographical demands for these technologies. There are six basic types of pre-harvest equipment, which are further divided into various types and sub-types. Here is the basic segmentation in the industry based on the types:
- Primary Tillage Equipment: Chisel plough, disc plough, moldboard Plough, rotary plough, sub soil plough, etc.
- Secondary Tillage Equipment: Disc harrows, cultivators, rollers, pulverizers, etc.
- Irrigation Equipment: Emitters, filters, pumps, pipes,valves, etc.
- Planting Equipment: Air seeders, planters, seed drill transplanters, etc.
- Plant Protection and Fertilizing Equipment: Airblast sprayers, aerial applicators, boom sprayers, granular applicators, hand operated sprayers, motorized sprayers, etc.
Based on the geographical demands, the global marketplace is divided into four major regions, namely, North America, Europe, Asia Pacific and Rest of the World. Based on the recent industry analysis, Asia Pacific is the largest growing region in pre-harvest operations. The region is estimated to grow at an anticipated CAGR of 6.3%. Regions like Latin America are also expected to record remarkable progress in the years to come. Increased investments in the developing countries and agricultural reforms are the major reasons for this expected growth. Increasing population, which also increases the global demand for food, is also driving the global businesses in pre-harvest operations.
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