Global Agricultural Harvesting Machinery Market - Growth, Trends, COVID-19 Impact, and Forecasts (2023 - 2028)

The Global Agricultural Harvesting Market is segmented by machinery type (Combine Harvester, Forage Harvester, Sugarcane Harveter and Others) and by geogrphy

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Harvesting Machinery Industry Overview

agricultural harvesting market
Study Period: 2018 - 2028
Fastest Growing Market: Asia Pacific
Largest Market: North America
CAGR: 7.8 %

Major Players

agricultural harvesting market size

*Disclaimer: Major Players sorted in no particular order
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Harvesting Machinery Market Analysis

The Global Agricultural Harvesting Market is projected to grow at a CAGR of 7.8% during the forecast period (2020-2025).

  • The acute shortage of farm labor, the technological advancements in agricultural machinery and various government backed subsidy policies supporting the purchase of farming machinery in developing economies such as India is driving the market growth for harvestors.
  • The high initial capital cost and more inclination of farmers towards traditinal plowing methods are some of the factors restraining the market growth.
  • Deere & Company (John Deere), AGCO Corporation, CNH Industrial N.V and Mahindra & Mahindra Limited are some of the major players who have their presence in this market.

Harvesting Machinery Industry Segments

The report includes all harvesters, like self propelled harvesters, tractor powered combine harvesters, and track combine harvesters, among others, used majorly in the crop harvest management. It also includes detailed study of the key players, with their current strategic interests and key financial performance indicators is also there in the study. The profiles of active major players and their business strategies, provide decisive information towards developing a competitive strategy for new/existing players.

By Machinery
Combine Harvester
Forage Harvester
Sugar cane Harvester
Other Harvestors
Geography
North America
US
Canada
Mexico
Rest of North America
Europe
Germany
UK
France
Russia
Spain
Rest of Europe
Asia Pacific
India
China
Japan
Rest of Asia Pacific
South America
Brazil
Argentina
Rest of South America
Africa
South Africa
Rest of Africa

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Harvesting Machinery Market Trends

This section covers the major market trends shaping the Harvesting Machinery Market according to our research experts:

Precision Farming for Quality Harvest

The need for quality harvest with an increased yield and productivity has led to the evolution of several advanced farming technologies in harvesters, such as increased electronic sensing to monitor harvest load, cloud-based processing for yield, and quality maps, among others. According to CEMA, 70%-80% of the new agricultural machinery and harvesters sold have been found to be equipped with precision farming technology. The increasing demand for harvesters equipped with technologically developed tools is further reflected through the total import value of combine harvesters in the region such as Europe, where imports rose from USD 3.41 million in 2016 to USD 4.10 million in 2018. As such, the ongoing trend of precision farming is projected to increase the demand for harvesters duing the forecast period.


 

agricultural harvesting market growth

Asia Pacific is the Fastest growing market

The acute shortage of labor resources for agricultural activities, owing to the lucrative opportunities in the growing industrial sector, is the major factor driving the growth of agricultural machinery equipment, such as harvesters in the region. In additin to this various governments are providing subsidies to farmers for investing in better equipment to efficiently meet the needs for higher productivity. For instance, Government of India inititated various farm mechanization programs in the country through the schemes, such Rashtriya Krishi Vikas Yojna (RKVY) and Mechanisation, under the National Food Security Mission (NFSM). Through these schemes, the government is encouraging farmers to purchase farm machinery, such as harvesters, by providing a subsidy. Thus, the demand for harvestor machines is projected to increase further with number of international companies launching their harvesting machinery by expanding their business in the region during the forecast period.

agricultural harvesting market trend

Harvesting Machinery Market Competitor Analysis

The global harvesting machinery market is fragmented with the presence of international players and numerous regional players operating in this market. Deere & Company (John Deere), AGCO Corporation, CNH Industrial N.V and Mahindra & Mahindra Limited are some of the major players who have their presence in this market. These players are using product innovation as their key strategy by launching harvestors with tailored features catering the needs of customers across various regions.

Harvesting Machinery Market Top Players

  1. Deere & Company

  2. CNH Industrial N.V

  3. AGCO Corporation

  4. CLAAS KGaA mbH

  5. Mahindra & Mahindra Limited

*Disclaimer: Major Players sorted in no particular order

Deere & Company, CNH Industrial, AGCO Corporation, CLAAS KGaA mbH, Mahindra & Mahindra , Krone NA, Inc., Yanmar Co., Ltd., KUBOTA Corporation

Harvesting Machinery Market Report - Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

    3. 4.3 Market Restraints

    4. 4.4 Porters five Force Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Machinery

      1. 5.1.1 Combine Harvester

      2. 5.1.2 Forage Harvester

      3. 5.1.3 Sugar cane Harvester

      4. 5.1.4 Other Harvestors

    2. 5.2 Geography

      1. 5.2.1 North America

        1. 5.2.1.1 US

        2. 5.2.1.2 Canada

        3. 5.2.1.3 Mexico

        4. 5.2.1.4 Rest of North America

      2. 5.2.2 Europe

        1. 5.2.2.1 Germany

        2. 5.2.2.2 UK

        3. 5.2.2.3 France

        4. 5.2.2.4 Russia

        5. 5.2.2.5 Spain

        6. 5.2.2.6 Rest of Europe

      3. 5.2.3 Asia Pacific

        1. 5.2.3.1 India

        2. 5.2.3.2 China

        3. 5.2.3.3 Japan

        4. 5.2.3.4 Rest of Asia Pacific

      4. 5.2.4 South America

        1. 5.2.4.1 Brazil

        2. 5.2.4.2 Argentina

        3. 5.2.4.3 Rest of South America

      5. 5.2.5 Africa

        1. 5.2.5.1 South Africa

        2. 5.2.5.2 Rest of Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Most Adopted Strategies

    2. 6.2 Mergers & Acquisitions

    3. 6.3 Company Profiles

      1. 6.3.1 Deere & Company

      2. 6.3.2 CNH Industrial

      3. 6.3.3 AGCO Corporation

      4. 6.3.4 CLAAS KGaA mbH

      5. 6.3.5 Mahindra & Mahindra (Tractors)

      6. 6.3.6 Krone NA, Inc.

      7. 6.3.7 Yanmar Co., Ltd.

      8. 6.3.8 KUBOTA Corporation

      9. 6.3.9 Tractors and Farm Equipment Limited

      10. 6.3.10 Bernard Krone Holding GmbH & Co. KG

      4. *List Not Exhaustive

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability
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Harvesting Machinery Market Research FAQs

The Global Agricultural Harvesting Machinery Market is studied from 2018 - 2028.

The Global Agricultural Harvesting Machinery Market is growing at a CAGR of 7.8% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2018 - 2028.

North America holds highest share in 2021.

Deere & Company, CNH Industrial N.V, AGCO Corporation, CLAAS KGaA mbH, Mahindra & Mahindra Limited are the major companies operating in Global Agricultural Harvesting Machinery Market.

Global Agricultural Harvesting Machinery Industry Reports

In-depth industry statistics and market share insights of the Global Agricultural Harvesting Machinery Market sector for 2020, 2021, and 2022. The Global Agricultural Harvesting Machinery Market research report provides a comprehensive outlook of the market size and an industry growth forecast for 2023 to 2028. Available to download is a free sample file of the Global Agricultural Harvesting Machinery Market report PDF.

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