Harvester Market
Harvester Market Forecasts to 2030 - Global Analysis By Product Type (Combine Harvesters, Self-Propelled Harvesters, Tractor-Driven Harvesters, Forage Harvesters, Cotton Harvesters and Other Product Types), Drive Type, Technology, Application, End User and By Geography
|
Years Covered |
2022-2030 |
|
Estimated Year Value (2024) |
US $39.0 BN |
|
Projected Year Value (2030) |
US $63.7 BN |
|
CAGR (2024 - 2030) |
8.5% |
|
Regions Covered |
North America, Europe, Asia Pacific, South America, and Middle East & Africa |
|
Countries Covered |
US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa |
|
Largest Market |
North America |
|
Highest Growing Market |
Asia Pacific |
According to Stratistics MRC, the Global Harvester Market is accounted for $39.0 billion in 2024 and is expected to reach $63.7 billion by 2030 growing at a CAGR of 8.5% during the forecast period. A harvester is a machine or device used in agriculture to collect mature crops from the field. It can refer to a variety of equipment designed for different harvesting tasks, such as combine harvesters for grain crops like wheat, corn, and barley, or forage harvesters for crops like hay, silage, and grass. Harvesters automate the process of cutting, threshing, and separating the crop from unwanted materials, significantly improving efficiency and reducing manual labor. The use of harvesters plays a crucial role in modern farming, allowing for faster and more cost-effective harvesting.
According to the United Nations, the world population is expected to reach nearly 10 billion by 2050, requiring a 60% increase in food production, which necessitates a significant boost in agricultural output.
Market Dynamics:
Driver:
Rising mechanization in agriculture
The rise of mechanization in agriculture has significantly impacted the market. With the increasing demand for efficiency and higher crop yields, farmers are adopting advanced harvesting machines like combine harvesters, which reduce labor costs and time. These machines also minimize crop loss, contributing to higher productivity. The growth of agricultural mechanization is driven by technological advancements, favorable government policies, and the need to meet the growing global food demand.
Restraint:
Maintenance and repair expenses
Maintenance and repair expenses in the market can have a negative impact on farmers' profitability. High costs for parts, labor, and downtime can significantly reduce the financial benefits of using advanced harvesting equipment. Small-scale farmers, in particular, may struggle with the ongoing expenses, leading to decreased adoption of modern harvesters. Frequent breakdowns or costly repairs can also affect the efficiency of farming operations, resulting in lower yields and delayed harvests, further burdening the agricultural sector.
Opportunity:
Growing demand for food
The growing global demand for food is driving significant growth in the market. As populations rise and urbanization increases, the need for efficient, large-scale agricultural production becomes more crucial. Harvesters, such as combine harvesters, are essential in meeting this demand by improving crop yield, reducing labor costs, and ensuring timely harvests. The push for greater productivity in the face of limited arable land is further accelerating the adoption of advanced harvesting equipment worldwide.
Threat:
Lack of skilled operators
The lack of skilled operators in the market poses a significant challenge. Without proper training, operators may struggle to use advanced harvesting equipment efficiently, leading to increased downtime, lower productivity, and potential damage to machinery. Inadequate skills can also result in safety risks and higher maintenance costs. For many farmers, especially in rural areas, the shortage of trained personnel limits the effective use of harvesters, hindering overall agricultural output and diminishing the return on investment in modern equipment.
Covid-19 Impact:
The COVID-19 pandemic disrupted the market by causing delays in production, supply chain issues, and labor shortages. Manufacturing plants were temporarily shut down, leading to a shortage of harvesters and essential parts. Additionally, transportation restrictions hindered the timely delivery of equipment. The economic uncertainty also caused farmers to delay or reconsider investments in new machinery. However, the pandemic highlighted the need for mechanization to reduce reliance on manual labor, leading to increased interest in automation post-crisis.
The combine harvesters segment is expected to be the largest market share during the forecast period
The combine harvesters segment is expected to account for the largest market share during the forecast period. These versatile machines increase productivity by reducing labor costs and minimizing crop loss, making them essential for large-scale farming. With advancements in technology, modern combine harvesters are equipped with GPS, automation, and improved fuel efficiency. As demand for high yields and efficiency grows, combine harvesters remain a key driver in the agricultural mechanization market.
The agriculture segment is expected to have the highest CAGR during the forecast period
Over the forecast period, the agriculture segment is predicted to witness the highest growth rate. As farming practices evolve, mechanization becomes essential for improving productivity and meeting rising food demands. With technological advancements like GPS and automation, modern harvesters are more efficient and cost-effective. The increasing need for large-scale, high-yield agriculture to support global food security continues to boost the demand for advanced harvesting equipment.
Region with largest share:
During the forecast period, the North America region is expected to hold the largest market share. With large-scale farming operations, the region has a high adoption rate of modern harvesters, such as combine harvesters, which improve productivity and reduce labor costs. Technological innovations like automation, GPS, and data analytics are gaining traction. Government incentives and a growing focus on sustainable farming also contribute to the expanding demand for harvesters across the region.
Region with highest CAGR:
Over the forecast period, the Asia Pacific region is anticipated to exhibit the highest CAGR owing to increasing demand for harvesters that can operate with minimal environmental impact. With a rising population and the need for higher agricultural output, countries in Asia Pacific are turning to mechanization to increase efficiency and reduce labor costs. There’s a significant trend toward smart harvesters that incorporate technology like GPS, precision farming tools, and automation for higher efficiency and better yield.
Key players in the market
Some of the key players in Harvester market include John Deere, CNH Industrial, AGCO Corporation, Kubota Corporation, Sampo Rosenlew, Mahindra & Mahindra, Sonalika Tractors, Implements AG, Krone, Horsch Maschinen GmbH, Furukawa Company, JCB, Iseki & Co., Kuhn Group and SDF.
Key Developments:
In February 2024, John Deere Power & Technology has introduced 5D GearPro tractors, features that we get to see in GearPro tractors, the technological advancements that John Deere Tractor offers, and the W70 Power Pro Combined Harvester.
In January 2024, CNH Industrial N.V. announced investment of around USD 167 million (EUR 150 million) for expanding its production facility and R&D capabilities at the New Holland Harvesting Center of Excellence located in Belgium. Through the investment, the company redesigned the assembly line and logistics area to streamline the manufacturing of CR11.
Product Types Covered:
• Combine Harvesters
• Self-Propelled Harvesters
• Tractor-Driven Harvesters
• Forage Harvesters
• Cotton Harvesters
• Other Product Types
Drive Types Covered:
• Diesel
• Electric
• Hybrid
Technologies Covered:
• Manual
• Automated
• Robotics
Applications Covered:
• Cereal Crops
• Fruits & Vegetables
• Oilseeds
• Root Crops
• Sugarcane
• Other Applications
End Users Covered:
• Agriculture
• Commercial Agricultural Enterprises
• Contract Farmers
• Government
• Other End Users
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Product Analysis
3.7 Technology Analysis
3.8 Application Analysis
3.9 End User Analysis
3.10 Emerging Markets
3.11 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Harvester Market, By Product Type
5.1 Introduction
5.2 Combine Harvesters
5.3 Self-Propelled Harvesters
5.4 Tractor-Driven Harvesters
5.5 Forage Harvesters
5.6 Cotton Harvesters
5.7 Other Product Types
6 Global Harvester Market, By Drive Type
6.1 Introduction
6.2 Diesel
6.3 Electric
6.4 Hybrid
7 Global Harvester Market, By Technology
7.1 Introduction
7.2 Manual
7.3 Automated
7.4 Robotics
8 Global Harvester Market, By Application
8.1 Introduction
8.2 Cereal Crops
8.3 Fruits & Vegetables
8.4 Oilseeds
8.5 Root Crops
8.6 Sugarcane
8.7 Other Applications
9 Global Harvester Market, By End User
9.1 Introduction
9.2 Agriculture
9.3 Commercial Agricultural Enterprises
9.4 Contract Farmers
9.5 Government
9.6 Other End Users
10 Global Harvester Market, By Geography
10.1 Introduction
10.2 North America
10.2.1 US
10.2.2 Canada
10.2.3 Mexico
10.3 Europe
10.3.1 Germany
10.3.2 UK
10.3.3 Italy
10.3.4 France
10.3.5 Spain
10.3.6 Rest of Europe
10.4 Asia Pacific
10.4.1 Japan
10.4.2 China
10.4.3 India
10.4.4 Australia
10.4.5 New Zealand
10.4.6 South Korea
10.4.7 Rest of Asia Pacific
10.5 South America
10.5.1 Argentina
10.5.2 Brazil
10.5.3 Chile
10.5.4 Rest of South America
10.6 Middle East & Africa
10.6.1 Saudi Arabia
10.6.2 UAE
10.6.3 Qatar
10.6.4 South Africa
10.6.5 Rest of Middle East & Africa
11 Key Developments
11.1 Agreements, Partnerships, Collaborations and Joint Ventures
11.2 Acquisitions & Mergers
11.3 New Product Launch
11.4 Expansions
11.5 Other Key Strategies
12 Company Profiling
12.1 John Deere
12.2 CNH Industrial
12.3 AGCO Corporation
12.4 Kubota Corporation
12.5 Sampo Rosenlew
12.6 Mahindra & Mahindra
12.7 Sonalika Tractors
12.8 Implements AG
12.9 Krone
12.10 Horsch Maschinen GmbH
12.12 Furukawa Company
12.12 JCB
12.13 Iseki & Co.
12.14 Kuhn Group
12.15 SDF
List of Tables
1 Global Harvester Market Outlook, By Region (2022-2030) ($MN)
2 Global Harvester Market Outlook, By Product Type (2022-2030) ($MN)
3 Global Harvester Market Outlook, By Combine Harvesters (2022-2030) ($MN)
4 Global Harvester Market Outlook, By Self-Propelled Harvesters (2022-2030) ($MN)
5 Global Harvester Market Outlook, By Tractor-Driven Harvesters (2022-2030) ($MN)
6 Global Harvester Market Outlook, By Forage Harvesters (2022-2030) ($MN)
7 Global Harvester Market Outlook, By Cotton Harvesters (2022-2030) ($MN)
8 Global Harvester Market Outlook, By Other Product Types (2022-2030) ($MN)
9 Global Harvester Market Outlook, By Drive Type (2022-2030) ($MN)
10 Global Harvester Market Outlook, By Diesel (2022-2030) ($MN)
11 Global Harvester Market Outlook, By Electric (2022-2030) ($MN)
12 Global Harvester Market Outlook, By Hybrid (2022-2030) ($MN)
13 Global Harvester Market Outlook, By Technology (2022-2030) ($MN)
14 Global Harvester Market Outlook, By Manual (2022-2030) ($MN)
15 Global Harvester Market Outlook, By Automated (2022-2030) ($MN)
16 Global Harvester Market Outlook, By Robotics (2022-2030) ($MN)
17 Global Harvester Market Outlook, By Application (2022-2030) ($MN)
18 Global Harvester Market Outlook, By Cereal Crops (2022-2030) ($MN)
19 Global Harvester Market Outlook, By Fruits & Vegetables (2022-2030) ($MN)
20 Global Harvester Market Outlook, By Oilseeds (2022-2030) ($MN)
21 Global Harvester Market Outlook, By Root Crops (2022-2030) ($MN)
22 Global Harvester Market Outlook, By Sugarcane (2022-2030) ($MN)
23 Global Harvester Market Outlook, By Other Applications (2022-2030) ($MN)
24 Global Harvester Market Outlook, By End User (2022-2030) ($MN)
25 Global Harvester Market Outlook, By Agriculture (2022-2030) ($MN)
26 Global Harvester Market Outlook, By Commercial Agricultural Enterprises (2022-2030) ($MN)
27 Global Harvester Market Outlook, By Contract Farmers (2022-2030) ($MN)
28 Global Harvester Market Outlook, By Government (2022-2030) ($MN)
29 Global Harvester Market Outlook, By Other End Users (2022-2030) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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