San Jose, CA (PRWEB) April 08, 2013
Follow us on LinkedIn – Harvesting equipment is broadly classified into five categories: grain and seed crop machines, root-crop machines, row-crop machines, hay and silage machines, and tree crop machines. A harvester performs simultaneous execution of farm processes, such as cutting, threshing, and winnowing. Demand for harvesting machinery is fuelled by the need to enhance the efficiency and effectiveness of agricultural practices. Growth is also driven by factors such as, increased pressure on arable lands to improve agricultural yields; technological advancements in agricultural machinery; and government support through subsidies. The long-term outlook for the market remains optimistic guided by growing population and increasing emphasis on food security and self-sufficiency, especially in the developing countries. Also, opportunities for harvesting machinery in emerging markets will be guided by the low rate of farm mechanization in these regions.
Technological advancements are also expected to drive growth in the market. Integration of computer-controlled automated harvesting capabilities, cameras, and global positioning sensors for intelligent navigation and obstacle detection, are expected to encourage adoption among farmers. Also benefiting the market are improvements in engineering design and comfort feature. In the coming years, innovations that save energy and resources and optimize efficiency will help manufacturers retain a premium pricing advantage in the market.
Sustainability is another factor which is presently influencing the engineering design of harvesting machinery. Currently, there is a strong focus on adopting mechanized agricultural practices that reduce environmental degradation. Repeated harvesting machine traffic, for example, results in soil compaction, excessive rutting, and root damage. Integration of sophisticated, intelligent on-board electronic systems in harvesting machinery can help reduce environmental impacts like excessive rutting. Adoption of sustainable agricultural practices will therefore result in greater acceptance of innovative agricultural practices, such as precision farming. Product innovation and R&D programs in the coming years will be dedicated towards developing higher efficiency and environmentally sustainable machines.
Asia-Pacific represents the largest and the fastest growing market worldwide, as stated by the new market research report on Harvesting Machinery. Growth in the region is led by China and India. Low levels of agricultural mechanization and use of traditional inefficient farm equipment in these countries offer massive untapped opportunities for growth. Demographic factors such as increasing per capita income in rural regions and shortage of farm labor as a result of population migration to urban areas are also indirectly driving demand in the region. In the developed markets like North America and Europe, demand is forecast to stem primarily from replacements of old machinery. In addition to replacement demand, technological advances aimed at improving equipment efficiency will also spur growth.
Rising farm consolidation in developed countries is expected to generate demand for larger machinery. Urbanization is a key factor responsible for consolidation of farms into larger farming plots. With shortages in farm labor supply, bigger equipment assumes mission critical importance in effectively managing large scale farm activities. Manufacturers are focusing on the development of large size harvesting equipment. With biofuels emerging as an attractive source of renewable energy, the massive land areas being dedicated for biofuel crop production is expected to spur demand for harvesting machinery.
Major players profiled in the report include AGCO Corp., Bernard Krone Holding GmbH & Co. KG, CLAAS KGaA, CNH Global NV, Dewulf NV, Deere & Company, Foton Lovol International Heavy Industry Co. Ltd., Lely Group, Preet Agro Industries Pvt. Ltd., Ploeger Agro BV, SAME Deutz Fahr, and Sampo Rosenlew Ltd., among others.
The research report titled “Harvesting Machinery: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of the harvesting machinery market, current market trends, growth drivers, product launches, mergers and acquisitions, and other strategic industry activities, and profiles of major and niche global and regional market participants. The report provides market estimates and projections in US$ for all major geographic markets including the US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia, and Rest of Europe), Asia-Pacific (China, India, South Korea and Rest of Asia-Pacific) and Latin America (Brazil and Rest of Latin America).
For more details about this comprehensive market research report, please visit – http://www.strategyr.com/Harvesting_Machinery_Market_Report.asp
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes more than 1300 full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world's largest and reputed market research firms.
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