DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Global Harvesting Machinery Market- BY Product Type & Geography- Trends & Forecasts (2015-2020)" report to their offering.
Harvesting machinery is used to harvest or gather matured crops from fields by reaping or cutting. After tractors, this segment is the second largest segment in the agricultural machinery sector. Improvement in efficiency is one of the reasons why harvesting machines are purchased by farmers. Besides, demand from emerging economies and high level of government support in those parts is fueling growth for the market.
Driven by growing global population, rising demand for food and necessity of better yield, future of harvesting machinery market is seen positive. Opportunities lie in technological advancement for creating multi tasking machines thereby increasing demand. Recession impacts on agricultural operations, high cost of machineries and high fuel charge are constraining the market. So one of the way out here is to shift for manufacturing machines using bio based products as fuels.
Depending on the product application, they can be broadly classified into crop, grain, root crop, fruits and vegetables and threshers machines etc. Machines like crushers, choppers, balers etc. are used for the cultivation of silages and control of weeds. North American, European and Australian markets are some of the more affluent, urbanized markets, with large farm sizes per farmer than those in developing regions like APAC (Asia-Pacific), Africa, or Latin America.
Asia pacific region exhibits the highest growth potential given to its high demand for food security and low penetration of farm mechanization. Increased automation and high labour cost lead US to adapt harvesting mechanization extensively as US has become largest market for harvest machinery. Demand from North America and Europe is mainly driven by replacement of old machinery.
Key Topics Covered:
1. Introduction
2. Key Findings of the Study
3. Market Dynamics
4. By Product Type
5. Mergers & Acquisitions
Company Profiles:
- AGCO Corporation
- Preet Agro Industries Pvt. Ltd.
- CNH Industrial N.V.
- Bernard Krone Holding GmbH & Co. KG
- CLAAS KGaA mbH
- Kubota Corp.
- Deere & Company
- Dewulf NV
- Foton Lovol International Heavy Industry Co., Ltd.
- Lely Group
- Kuhn Group
- Ploeger Agro BV
- Alois Pöttinger Maschinenfabrik Ges.m.b.H
- Sampo Rosenlew Ltd
- SAME Deutz Fahr
- Komatsu America
- PONSSE
- CASE IH
- Pellenec
- DEUTZ-FAHR
- New Holland
For more information visit http://www.researchandmarkets.com/research/q2qgd8/global_harvesting
