LONDON--(BUSINESS WIRE)--The global harrows market is expected to post a CAGR of over 7% during the period 2018-2022, according to the latest market research report by Technavio.
A key factor driving the growth of the market is the rising focus on effective heavy residue management. Harrowing is one of the most important soil preparation methods in the agriculture industry. Vendors such as Deere & Company offer harrows that are specially designed for heavy residue management. For instance, the company offers DH13 Series harrows, which are designed for harrowing tough residue conditions and for heavy cutting needs. Such innovations will increase the demand for harrows among farmers during the forecast period.
This market research report on the global harrows market 2018-2022 also provides an analysis of the most important trends expected to impact the market outlook during the forecast period.
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In this report, Technavio highlights the increasing demand for folding harrows as one of the key emerging trends in the global harrows market:
Global harrows market: Increasing demand for folding harrows
The vendors of harrows are focusing on delivering equipment with added features that ensure convenient operations in the fields. Harrows are not required frequently in fields, but only at the time of soil preparation. For instance, there are harrows available with a folding option. Disc harrows mainly have this feature, as they have large side sections that fold up to allow easier load transport and provide better storage configurations. These sections also increase the flexibility of harrows for the end-users. Some of the prominent vendors offering folding harrows are KUBOTA, Kelly Engineering, and KUHN. These companies also offer harrows with hydraulic folding options to ensure convenient folding of the equipment. Therefore, the increasing demand for folding harrows is expected to drive the market during the forecast period.
“Apart from increasing demand for folding harrows, the growing end-user inclination toward harrows with automated features, and the rising need to ensure optimum seed bed preparation for upland crops are factors that will enhance the growth of the global harrows market,” says a senior analyst at Technavio for research on agricultural equipment.
Global harrows market: Segmentation analysis
This market research report segments the global harrows market by product (disk harrows and time harrows) and geographical regions (APAC, EMEA, and the Americas).
The APAC region led the market in 2017 with a market share of over 39%, followed by the Americas and EMEA respectively. During the forecast period, the APAC region is expected to continue dominating the global harrows market and register the highest incremental growth.
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Some of the key topics covered in the report include:
Market Landscape
- Market ecosystem
- Market characteristics
- Market segmentation analysis
Market Sizing
- Market definition
- Market size and forecast
Five Forces Analysis
Market Segmentation
Geographical Segmentation
- Regional comparison
- Key leading countries
Market Drivers
Market Challenges
Market Trends
Vendor Landscape
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
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