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Redding, California - November 6, 2024

Harvester Market to Reach $42.51 Billion by 2031

Harvester Market Size, Share, Forecast, & Trends Analysis by Type (Combine Harvester, Forage Harvester, Potato Harvester, Reapers), Mode of Operation (Automatic), Propulsion Type (Electric), Power (Below 150 HP), and Crop Type - Global Forecast to 2031

Meticulous Research^®—a leading global market research company, published a research report titled ‘Harvester Market—Global Opportunity Analysis and Industry Forecast (2024-2031)’. According to this latest publication from Meticulous Research^®, the harvester market is expected to reach $42.51 billion by 2031, at a CAGR of 4.9% from 2024 to 2031.

The increasing global food demand and crop production, rising agricultural mechanization, and increasing adoption of advanced harvesting technologies are driving the growth of the harvester market. Additionally, rising innovations in smart agriculture and emerging markets create significant opportunities for market players. Furthermore, growing automation and robotics in harvesting equipment and rising demand for sustainable farming practices are major trends in the harvester market.

Key Players:

The harvester market is characterized by a moderately competitive scenario due to the presence of many large- and small-sized global, regional, and local players. The key players operating in the harvester market are CLAAS KGaA mbH (Germany), CNH Industries N.V. (U.K.), Deere & Company (U.S.), Yanmar Holdings Co., Ltd. (Japan), KUBOTA Corporation (Japan), Tractors and Farm Equipment Limited (India), Mahindra & Mahindra Ltd. (India), AGCO Corporation (U.S.), ISEKI & Co., Ltd. (Japan), SDF S.p.A. (Italy), Harvest Automation, Inc. (U.S.), Preet Group (India), and KZ Rostselmash LLC (Russia).

The harvester market is segmented based on type, mode of operation, propulsion type, power, and crop type. This study also evaluates industry competitors and analyzes the regional and country-level markets.

Among the types studied in this report, in 2024, the combine harvester segment is expected to dominate the harvester market. The rising popularity of the combine harvesters due to its adaptability and efficiency in harvesting multiple types of crops, the rising adoption of mechanized agriculture practices due to labor shortage and operational cost, the increasing global population, and the need to maximize yields from limited arable land, contributing to the segment’s dominant position in the harvester market.

Among the mode of operations studied in this report, the semi-automatic harvesters’ segment is anticipated to hold the dominant position, with a large share of the harvester market in 2024. The affordability and simplicity over automated agriculture equipment, technological enhancements, increased rural incomes, and labor shortages reinforces this segment's dominance in the harvester market.

Among the propulsion types studied in this report, the non-electric-powered harvester segment is anticipated to hold the dominant position, with a large share of the harvester market in 2024. The benefits offered by non-electric powered agriculture equipment, such as higher power output, suitability for heavy-duty field operations, and independence from battery charging infrastructure make it ideal for large-scale and continuous farming activities. Additionally, these non-electric-powered harvesters have lower upfront costs and greater availability, especially in developing regions and some parts of developed regions, where access to charging infrastructure is limited. These factors contribute to the strong demand for non-electric-powered harvesters across the globe.

Among the harvester powers studied in this report, in 2024, the below 150 HP segment is expected to dominate the harvester market, mainly due to its cost-effectiveness, low maintenance, and high adoption among small and mid-sized farmers.

Among the crop types studied in this report, the cereals & grains segment is anticipated to hold the dominant position, with a large share of the harvester market in 2024. The increasing demand for cereal & grain-based products, rising demand for organic cereal and grains, and extensive area dedicated to their cultivation contribute to the segment’s dominant position in the harvester market. Modern combine harvesters are adaptable to various types of crops, including wheat, corn, soybeans, and barley. This allows farmers who cultivate multiple crop types to use a single piece of machinery, leading to cost savings and simplified operations.

Geographic Review

This research report analyzes major geographies and provides a comprehensive analysis of North America (U.S., Canada), Europe (France, Spain, Italy, Germany, U.K., Netherlands, and Rest of Europe), Asia-Pacific (China, India, Japan, Australia, South Korea, Indonesia, Malaysia, and Rest of Asia-Pacific), Latin America (Brazil, Mexico, Argentina, and Rest of Latin America), and the Middle East & Africa (South Africa, Saudi Arabia, UAE, and the Rest of Middle East & Africa).

In 2024, Asia-Pacific is expected to dominate the harvester market. The substantial share of this regional market can be attributed to the several factors, such as the huge agricultural industry, high demand for food to support an increasing population, and need to rise agricultural productivity to meet rising food demand. Moreover, the increasing government support to promote agricultural modernization through subsidies and financing options for machinery purchases are also driving the adoption of harvesters across the region.

Download Sample Report Here @ https://www.meticulousresearch.com/download-sample-report/cp_id=6076

Key Questions Answered in the Report-

What is the value of revenue generated by the sale of harvester?
At what rate is the global demand for harvester projected to grow for the next five to seven years?
What is the historical market size and growth rate for the harvester market?
What are the major factors impacting the growth of this market at global and regional levels?
What are the major opportunities for existing players and new entrants in the market?
Which type, mode of operation, propulsion type, power, and crop type segments create major traction for the manufacturers in this market?
What are the key geographical trends in this market? Which regions/countries are expected to offer significant growth opportunities for the manufacturers operating in the harvester market?
Who are the major players in the harvester market? What are their specific product offerings in this market?
What recent developments have taken place in the harvester market? What impact have these strategic developments created on the market?

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Redding, California - November 6, 2024

Harvester Market to Reach $42.51 Billion by 2031

Harvester Market Size, Share, Forecast, & Trends Analysis by Type (Combine Harvester, Forage Harvester, Potato Harvester, Reapers), Mode of Operation (Automatic), Propulsion Type (Electric), Power (Below 150 HP), and Crop Type - Global Forecast to 2031

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