Agricultural Harvester Market Growth, Trends and Forecast 2020-2025

Press Release:

Global Agricultural Harvester Market to Reach US$ 39.3 Billion by 2025, Impelled by Increasing Mechanization in Agricultural Sector

*As the coronavirus disease (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

Agricultural Harvester Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025

The global agricultural harvester market reached a value of nearly US$ 28 Billion in 2019. Agricultural harvesters are employed by farmers to harvest grain crops. They perform three major tasks – reaping, threshing and winnowing. These harvesters are used to increase farm production in a short time and their utilization has proved to be better than conventional harvesting methods. Moreover, agricultural practices are steadily becoming dependent on machines and tools, such as harvesters, as they help to minimize farm drudgery, enhance productivity, lower crop production costs and significantly bring down harvest losses.

Several regions across the globe are experiencing a shortage of labor force which has led farmers to make a shift towards mechanization. In line with this, numerous governments are promoting the use of equipment to boost farm output. They are offering subsidies and necessary training to farmers which, in turn, is propelling the sales of these harvesters. Furthermore, vendors are consistently upgrading their equipment with telemetry and intelligent sensing technologies to enhance convenience and efficiency. Other new features such as GPS and navigation systems have also been incorporated in these harvesters to help in carrying out operations with more precision. Other factors driving the demand of harvesters include increasing food demand, rising rural incomes, increasing adoption of modern farming practices, etc. Looking forward, IMARC Group expects the market to exhibit a moderate growth during 2020-2025.

Report Coverage:

Historical, Current and Future Market Trends
Market Breakup by Product Type:
- Combine Harvester
- Forage Harvester
Market Breakup by Drive Type:
- Four-Wheel Drive Harvester
- Two-Wheel Drive Harvester
Market Breakup by Application:
- Wheat
- Rice
- Maize
- Barley
- Others
Market Breakup by Region:
- North America
- Asia Pacific
- Europe
- Middle East and Africa
- Latin America

Competitive Landscape:

The report has also analysed the competitive landscape of the market with some of the key players being Deere & Company (John Deere), CNH Industrial, AGCO Corporation, CLAAS, Mahindra Tractor, Krone North America Inc., Yanmar Company Limited, Alois Pottinger Maschinenfabrik Ges.m.b.H., Dewulf , Foton Lovol International Heavy Industry, Lely Group, Ploeger Agro, Preet Agro Industries, SAME Deutz-Fahr, Sampo Rosenlew, etc.

Key Questions Answered in This Report:

How has the global agricultural harvester market performed so far and how will it perform in the coming years?
What are the key regional markets in the global agricultural harvester industry?
What is the breakup of the market based on the product type?
What is the breakup of the market based on the drive type?
What is the breakup of the market based on the application?
What are the various stages in the value chain of the global agricultural harvester industry?
What are the key driving factors and challenges in the global agricultural harvester industry?
What is the structure of the global agricultural harvester industry and who are the key players?
What is the degree of competition in the global agricultural harvester industry?
What are the profit margins in the global agricultural harvester industry?