Sugarcane Harvesters Market Size

Sugarcane Harvesters Market Analysis

The Sugarcane Harvesters Market size is estimated at USD 1.48 billion in 2024, and is expected to reach USD 4.12 billion by 2029, growing at a CAGR of 22.60% during the forecast period (2024-2029).

• The mechanization of the sugar cane sector needs to improve in the country during sugar cane harvesting. However, the increased adoption of machinery in the country has driven the harvester's market. Furthermore, government policies favor the adoption of mechanization in harvesting the crop in the region, which, in turn, drives the market.
• Also, the increased domestic consumption of sugar by the population and the demand that resulted from an increase in population, together with an increase in the production and productivity of sugarcanes that is ensured by machinery, favor the market's growth.
• Labor shortages during the harvest season due to migration from rural areas to cities have remained relatively stable over the past decade. The government supports farmers in buying or hiring machinery and has been promoting the use of sugarcane harvesters.
• Brazil, India, China, Pakistan, and Thailand are the leading sugarcane producers worldwide. According to Food and Agriculture Organization (FAO), Brazil produced 7157.6 million metric tons of sugarcane in 2021, followed by India with 405.3 million metric tons and China with 107.2 million metric tons.
• The increasing adoption of modern techniques in agriculture harvesters in many countries and the increase in government support towards adopting modern agricultural machinery are some of the factors driving the growth of the market studied.