Crop & Grain Harvesting Machinery Market - Analysis of Growth, Trends and Forecast (2020 - 2025)

The global crop and grain harvesting machinery market has been estimated at USD XX billion in 2015 and is projected to reach USD XX billion by 2022, at a CAGR of 7.9% during the forecast period from 2015 to 2022.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 are fueling the growth of the market.

Farmers are the end users of the crop and grain harvesting machinery. Crop harvesting machinery is used to cultivate crops like paddy and forms bale simultaneously while harvesting. It performs functions of traveling, reaping and baling. Grain harvesting machinery is used by farmers to reap grains, edible brans and fruit seeds of cereal crops.

The market is driven by the need for better yields to meet the rising demand for food as the global population grows. There are opportunities in the form of technological advancement for creating multi-tasking machines, thereby increasing demand. The high cost of machinery and high fuel charge are constraining the market. One of the ways is to shift to engines that use bio-based products as fuels.

Depending on the product application, the market is classified into crop harvesting machines and grain harvesting machines. It has to be noted that both types are used for cereal harvesting. The 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.

The market is segmented into North America, Europe, Asia-Pacific, South America and Africa based on geography. Asia-Pacific region exhibits the highest growth potential due to its high demand for food security and low penetration of farm mechanization. Increasing automation technology and high labor cost lead North America to adapt harvest automation extensively. North America has become the largest market for harvesting machinery. Demand from North America and Europe is mainly driven by replacement of old machinery.

Some of the major companies operating in the market are:

• AGCO tractor
• Bernard Krone Holding GmbH & Co. KG
• CLAAS KGaA mbH
• CNH Industrial NV
• Dewulf NV
• Foton Lovol International Heavy Industry Co., Ltd.
• Kubota Corp
• Kuhn Group
• Lely Group
• Preet Agro Industries Pvt. Ltd.

Key Deliverables in the Study

• Market analysis for the Global Crop and Grain Harvesting Machinery Market, with region specific assessment and competition analysis on the global and regional scale.
• Market definition along with the identification of key drivers and restraints.
• Identification of factors instrumental in changing the market scenario and rising prospective opportunities, along with the identification of key companies that can influence this market on a global and regional scale.
•  Extensively researched competitive landscape section with profiles of major companies along with their market share.
• Identification and analysis of the macro and micro factors that affect the global Crop and Grain Harvesting Machinery market on both global and regional scale.
• A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.
• A wide-ranging knowledge and insights about the major players in this industry and the key strategies adopted by them to sustain and grow in the studied market.
• Insights on the major countries/regions in which this industry is blooming and to identify the regions that are still untapped.