The harvester market is expected to develop at a 22% CAGR, reaching US$32.94 billion in 2022 and reaching US$240.61 billion by the end of the forecast period (2022-2032). The harvester market is the production and marketing of machinery for harvesting crops such as wheat, corn, rice, and soybeans. Harvesters are self-propelled machines that harvest and sort crops from the field with the use of specialized attachments such as a cutting head or reaper.
The harvester market is an important subsegment of the agricultural machinery industry, which also includes tractors, tillage tools, and irrigation systems. Harvester demand is intimately tied to worldwide agricultural output since farmers want dependable, efficient gear to harvest their crops. The harvester market is influenced by government guidelines, trade agreements, and technical advancements. Precision farming techniques, for example, have enabled the use of GPS technology and sensors in modern harvester models, increasing crop yields and decreasing waste.
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Key Takeaways from the Market Study
- By product type, combine harvester market is expected to hold nearly 40% of the revenue share in 2022 and the segment is anticipated to record consistent development.
- By product, the trailed silage harvester segment is expected to capture 8% revenue share in 2022
- By sales channel, manufacturers are expected to dominate with more than 76% market share in 2022.
- The Europe harvester market size is projected to observe around 4.5% growth through 2032
- Asia Pacific is expected to possess 40% market share for harvester’s market.
- U.S., Canada, India and China will flourish at a CAGR of 67% combined until 2032
Market Competition
- John Deere & Company introduced the new FR27 Disc Saw Felling Head in September 2022. The business’s main priorities are expanding cutting and accumulating capacity.
- Agrifac Machinery B.V. announced a new dealership with AMC-TR in June 2021.
- The business intends to increase sales and after-sales of crop sprayers and beet harvesters through this dealership.
Major Harvester Service Providers
- AGCO Corporation
- Agrifac Machinery B.V.
- Alloway/Standard Industries Inc.
- ALIMA (Arnaud Freres)
- Argiles Maquinaria de Recolección
- CLAAS KGaA mbH
- CNH Industrial N.V
- Dep Agro Machineries Pvt. Ltd.
- Dewulf Group
- Energreen S.R.L
Region-Wise Insights
- North America: The North American harvester market is driven by the demand for advanced technology and precision farming practices. The US and Canada are the major markets for harvesters in this region.
- Europe: The European harvester market is characterized by high adoption of advanced harvesting technologies, such as automation and robotics. Germany, France, and the UK are the major markets for harvesters in this region.
- Asia Pacific: The Asia Pacific harvester market is driven by the increasing demand for food due to population growth and the adoption of advanced farming technologies. China and India are the largest markets for harvesters in this region.
- Latin America: The Latin American harvester market is driven by the increasing demand for crops such as soybeans, corn, and sugar cane. Brazil and Argentina are the major markets for harvesters in this region.
- Middle East and Africa: The Middle East and Africa harvester market is driven by the increasing adoption of modern farming techniques and the need to increase agricultural productivity. South Africa and Saudi Arabia are the major markets for harvesters in this region
Key Questions Covered in the Harvester Market
- What is the current size and projected growth of the harvester market?
- What are the key drivers and restraints of the harvester market?
- Who are the major players in the harvester market and what is their market share?
- What are the different types of harvesters available and what are their respective advantages and disadvantages?
- What are the key applications of harvesters in different regions and industries?
- What are the latest technological advancements in the harvester market and how are they impacting the industry?
- What are the regulatory and environmental factors affecting the harvester market?
- What are the key strategies adopted by companies in the harvester market to maintain their market position and increase their market share?
- What is the impact of COVID-19 on the harvester market?
- What are the upcoming trends and opportunities in the harvester market?
Overall, the harvester market is an important industry that plays a vital role in ensuring efficient and sustainable agricultural production.
