Harvesting Equipment Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Global Harvesting Machinery Market is segmented by machinery type (Combine Harvester, Forage Harvester, Sugarcane Harvesters and Others) and by geography.

Harvesting Machinery Market Size

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agricultural harvesting market
Study Period 2019 - 2029
Market Size (2024) USD 25.47 Billion
Market Size (2029) USD 37.08 Billion
CAGR (2024 - 2029) 7.80 %
Fastest Growing Market Asia Pacific
Largest Market North America

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 Machinery Market size is estimated at USD 25.47 billion in 2024, and is expected to reach USD 37.08 billion by 2029, growing at a CAGR of 7.80% during the forecast period (2024-2029).

  • The acute shortage of farm labor, the technological advancements in agricultural machinery and various government backedsubsidy 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 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 Industry Overview

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 featurescatering the needs of customers across various regions.

Harvesting Machinery Market Leaders

  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
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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

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Harvesting Machinery Industry Segmentation

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 Research FAQs

The Global Agricultural Harvesting Machinery Market size is expected to reach USD 25.47 billion in 2024 and grow at a CAGR of 7.80% to reach USD 37.08 billion by 2029.

In 2024, the Global Agricultural Harvesting Machinery Market size is expected to reach USD 25.47 billion.

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

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).

In 2024, the North America accounts for the largest market share in Global Agricultural Harvesting Machinery Market.

In 2023, the Global Agricultural Harvesting Machinery Market size was estimated at USD 23.63 billion. The report covers the Global Agricultural Harvesting Machinery Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Global Agricultural Harvesting Machinery Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

Harvesting Equipment Industry Report

Statistics for the 2024 Harvesting Equipment market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Harvesting Equipment analysis includes a market forecast outlook 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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Harvesting Equipment Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)