The global harvesting equipment market has experienced significant growth and is projected to continue expanding in the coming years. In 2023, the market was valued at approximately USD 28.65 billion and is expected to reach USD 31.76 billion in 2024, with a compound annual growth rate (CAGR) of 3.5% during the forecast period.

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AGCO Corporation is a leading manufacturer and distributor of agricultural equipment and related replacement parts throughout the world.
Growing awareness about equipment benefits propel the market
According to USDA data, foreign investors owned at least 35.2 million acres of U.S. agricultural land in 2019—2.7 percent of U.S. farmland, an area almost the size of Iowa.
In 2019, 49 percent of reported foreign-held acreage in the United States was forest land, while 25 percent was cropland, 24 percent was for pasture and other agricultural uses, and 2 percent was for non-agricultural uses (such as homesteads and roads).

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Small-scale Potato Harvester, this machine digs potatoes from the soil by separating soil from the roots. It functions on small scale but separates the soil quickly to reduce the problems in harvesting potatoes.
Market Segmentation
The global harvesting equipment market can be segmented by products, applications and by region. Based on products, the market can be segmented into Combine Harvester, Forage Harvester, Sugarcane Harvester, and Others. Based on application, the market can be divided into Agriculture and Fodder. Regionally, North America dominates the market among Asia Pacific, Europe, Middle East & Africa, and South America. Amongst the different countries, the United States dominated the global harvesting equipment market on account of the increasing mechanized farming and acute labor shortage in the country.
Recent Development
- NMSA is envisaged as one of the eight Missions outlined under National Action Plan on Climate Change (NAPCC), NMSA aim at promoting Sustainable Agriculture through climate change adaptation measures. The major thrust is enhancing agriculture productivity especially in rainfed areas focusing on integrated farming, soil health management, and synergizing resource conservation.
Market Players
Lakeview Vineyard Equipment Inc, Oxbo International Corp., Pellenc America, Containerpal Green-Rubber Kennedy Ag., American Grape Harvesters., Blueline Manufacturing and Equipment., Clemens Vineyard Equipment., Lazer Star Lights., Garton Tractor Inc. are some of the leading players operating in the Global Harvesting Equipment Market.
Attribute
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Details
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Base Year
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2022
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Historic Data
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2018 – 2021
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Estimated Year
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2023
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Forecast Period
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2024 – 2028
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Quantitative Units
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Revenue in USD Million, and CAGR for 2018-2022 and 2023-2028
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Report Coverage
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Revenue forecast, company share, competitive landscape, growth factors, and trends
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Segments Covered
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By-Products
By Application
By Region
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Regional scope
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North America; Europe; Asia Pacific; South America; Middle East & Africa
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Country scope
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United States; Canada; Mexico; France; Germany; United Kingdom; Italy; Spain; China; India; Japan; South Korea; Australia; Brazil; Argentina; Colombia; South Africa; Saudi Arabia; UAE
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Key companies profiled
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Lakeview Vineyard Equipment Inc, Oxbo International Corp., Pellenc America, Containerpal Green-Rubber Kennedy Ag., American Grape Harvesters., Blueline Manufacturing and Equipment., Clemens Vineyard Equipment., Lazer Star Lights., Garton Tractor Inc.
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Customization scope
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10% free report customization with purchase. Addition or alteration to country, regional & segment scope.
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Pricing and purchase options
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Avail customized purchase options to meet your exact research needs. Explore purchase options
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Delivery Format
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PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)
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