Peanut Picker Equipment Market: Introduction
- A peanut picker equipment or machine is used to pick peanut fruit from seedlings after harvest. Earlier, peanuts were picked by hand and it was a difficult task. Currently, peanut picking machines are an ideal option, making the entire process of picking peanuts from the field much easier. In this process, when peanuts are harvested it is necessary to pay attention to the damage rate of the husk, and the peanut picker equipment keeps data within an acceptable range with efficient peanut picking. Hence, picked peanuts contain less impurities.
Key Drivers of the Global Peanut Picker Equipment Market
- Increasing demand for mechanical harvesting is a driving force boosting the peanut picker equipment market. Increasing demand for machines or systems with easy & economical operations which can harvest in a wide range of conditions is a factor driving the increasing adoption of peanut combine models. This is expected to propel the peanut picker equipment market globally.
- Rising awareness about improved technologies among producers of peanuts leads to increasing demand for peanut picker equipment, which helps in enhancing the picking efficiency as harvesting & threshing of groundnuts is very time consuming, labor intensive, and tedious as per the conventional method.
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Factors Restraining the Global Peanut Picker Equipment Market
- High initial cost, differences with local farming systems, and difficulties related to maintenance and spare parts are factors which may restrict the peanut picking equipment market from expanding globally.
Market in Asia Pacific to Expand Rapidly
- In terms of geography, the global peanut picker equipment market can be divided into five regions: North America (NA), Europe (EU), Asia Pacific (APAC), Middle East & Africa (MEA), and South America (SA)
- North America country-level analysis features the U.S., Canada, and Rest of North America. Analysis and forecast of the peanut picker equipment market in Europe includes markets across the U.K., Germany, France, and Rest of Europe. Similarly, Asia Pacific includes India, China, Japan, and Rest of Asia Pacific. Middle East & Africa includes the peanut picker equipment market analysis and forecast of GCC countries, South Africa, and Rest of Middle East & Africa. The South America peanut picker equipment market is segmented into Brazil, and Rest of South America.
- North America accounted for largest share of the global peanut picker equipment market due to new agriculture technology in modern farming. Increasing preference for automatic peanut picking machines is propelling the growth of the peanut picker equipment market in this region.
- The peanut picker equipment market in the Asia Pacific is projected to expand rapidly during the forecast period due to presence of considerable number of peanut producers in emerging countries such as China and India. Asia is the fastest growing agricultural region with dominant areas where extraordinarily intensive agriculture is practiced. This is expected to drive the peanut picker equipment market in this region.
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This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers’ or customers’ journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
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