Market Size of Global Agricultural Harvesting Machinery Industry
| 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
*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.
