Harvester Market - By Type (Combine Harvester, Forage Harvester, Sugar Beet Harvester, Potato Harvester, Wine Grape Harvester, Forage Mowers, Municipal Mowers), By Sales Channel (Manufacturers, Distributors) & Forecast, 2024 - 2032

Harvester Market - By Type (Combine Harvester, Forage Harvester, Sugar Beet Harvester, Potato Harvester, Wine Grape Harvester, Forage Mowers, Municipal Mowers), By Sales Channel (Manufacturers, Distributors) & Forecast, 2024 - 2032

Harvester Market Size

Harvester Market was valued at USD 36.6 billion in 2023 and is estimated to register a CAGR of 6.9% between 2024 and 2032. Heightened environmental awareness and stringent regulations have become pivotal catalysts for the harvester industry's expansion.

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The demand for eco-friendly harvesting solutions is on the rise as manufacturers respond to the need for sustainable practices. Innovations, such as energy-efficient engines and reduced emissions technologies, align with environmental concerns and ensure compliance with evolving regulations, driving the overall growth of the harvester market.

Manufacturers are engaged in developing novel versions of harvesters and are increasing their market presence by launching new machines and equipment. For instance, in 2023, Swaraj Tractors, a Mahindra & Mahindra division, introduced the Swaraj 8200 Smart Harvester, tailored for Indian farmers. Featuring an in-house engine with top-notch fuel efficiency and adherence to eco-friendly BS IV emission standards, the innovation addresses the agricultural needs of India while prioritizing sustainability and performance.

The harvester industry is experiencing substantial growth, propelled by technological strides and frequent product launches. Continuous advancements, such as precision farming technologies and smart harvesting solutions, fuel efficiency and productivity. Manufacturers keenly introduce new products, meeting the evolving demands of modern agriculture. This dynamic synergy of technology and innovation propelled the market forward and ensured a competitive landscape, meeting the diverse needs of the farming industry.

For instance, in 2023, New Holland unveiled the CR11, the latest flagship combine harvester. Integrating cutting-edge technologies, the CR11 aims to reduce the overall harvesting costs for large grain farmers, enhancing their bottom-line profitability through increased efficiency and advanced features. This development signifies the industry's prompt shift towards embracing innovations, thus contributing to the adoption of technology into their processes.

While advanced harvesting technologies promise increased efficiency and productivity, their initial costs can pose a challenge to widespread adoption. However, as technology evolves, ongoing investments in R&D are likely to drive down costs. The long-term benefits, including improved yields and operational efficiency, position these advancements as worthwhile investments, fostering optimism for the market's growth and sustainability in the coming years.

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High machine cost may impede the global harvester market development to some extent. Farm business owners have to invest heavily in high-tech agricultural machinery and equipment, adding to the operating costs. Rising fuel prices, technological advancements, and demand for new machinery & modern parts are expected to further augment the agricultural equipment expenditures.

Harvester Market Trends

Autonomous harvesting solutions are a pivotal trend propelling the harvester industry forward. These innovations offer unparalleled efficiency by eliminating the need for human intervention, resulting in labor savings and enhanced productivity. Farmers increasingly value the precision and reliability of autonomous harvesters, leading to widespread adoption. As technology continues to advance, the trend toward autonomy streamlined the harvesting process and positioned the market at the forefront of agricultural innovation.

For instance, in 2023, Rancher introduced Harvester v1.2.0, showcasing expanded capabilities that go beyond, offering a comprehensive infrastructure solution for users seeking advanced features and enhanced performance. This marks a notable achievement in the landscape of the latest harvesters, expanding market presence.

Harvester Market Analysis

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Based on type, the market is categorized into combine harvester, forage harvester, sugarbeet harvester, potato harvester, wine grape harvester, forage mowers, municipal mowers. The combine harvester segment secure the largest share over 20% in the market, propelled by its multifunctionality and efficiency in crop harvesting. The integration of harvesting, threshing, and cleaning operations in a single machine enhances productivity and reduces labor requirements. Farmers increasingly opt for combine harvesters due to time and cost efficiencies. Technological advancements and a focus on optimizing performance solidify the equipment’s position, making it a cornerstone of modern agricultural practices.

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Based on sales channel, the harvester market is divided into manufacturers and distributors. In the harvester industry, the manufacturers segment garnered remarkable gains in 2023 holding around 76% industry share for their pivotal role in designing and producing cutting-edge agricultural machinery. Their expertise in innovating efficient harvesting technologies, coupled with extensive distribution networks, positioned them as major growth contributors. Farmers prioritize established manufacturers for reliability, advanced features, and after-sales support. This dominance reflects the significance of manufacturing expertise in shaping the trajectory of the market and meeting the evolving needs of modern agriculture.

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Asia-Pacific maintained its leading position in the harvester market generating revenue of USD 14.6 Billion in 2023 due to its vast agricultural landscape and a surge in mechanization. The region's substantial share is a result of increased demand driven by modern farming practices and government initiatives promoting agricultural efficiency. With a strong presence of key manufacturers and a focus on technological advancements, the APAC region is shaping the trajectory of the global harvester industry.

For instance, in 2023, Mahindra & Mahindra (M&M) unveiled the Swaraj 8200 Wheel Harvester, manufactured at its new facility in Madhya Pradesh, India. The harvester, with a TREM-IV compliant engine, offers advanced features like live tracking of location, fuel consumption, road kilometers, and acres harvested. This innovation enhances decision-making capabilities, reflecting M&M's commitment to technological advancements in agricultural machinery.

Harvester Market Share

The major players operating in the industry include CNH Industrial NV, AGCO Corporation, CLAAS KGaA mbH, ARGO SpA, and Deere & Company. Companies focus on expanding their market reach by strengthening and expanding their dealer networks. They maintain long-term partnerships with distributors to ensure a strong market position. Manufacturers are addressing specific requirements of farmers by offering a wide range of advanced harvesters.

These companies bolstered their market presence through strategic innovation and expansion. By emphasizing technology, they addressed evolving agricultural needs. Robust marketing strategies and partnerships solidified their market standing, allowing them to efficiently navigate challenges and capitalize on emerging opportunities.

Harvester Market Companies

Major players operating in the harvester industry are

• Deere & Company
• CNH Industrial NV
• CLAAS KGaA mbH
• Kubota
• AGCO Corporation
• GRIMME Skandinavien A/S
• KRONE Group
• Rostelmash
• Zoomlion
• Yanmar
• Mahindra & Mahindra
• AGRIFAC Machinery
• SDF Group
• Sampo Rosenlew

Harvester Industry News

• In 2023, Giampiero Vietti, a member of the CNH Industrial design team, crafted the Lego combine harvester. This intricately designed model boasts dynamic features, including rotating tracks, front attachment, engine, and rear wheels.
• In June 2022, Grimme Group launched six new harvester machines including VARITRON 470 self-propelled harvester, EVO 280 ALL CROP two-row bunker harvester, Select 200 two-row elevator harvesters, PROS 440 four-row cup planter, and two REXOR self-propelled beet harvesters. These are the next-generation machines that enable operators to accurately manage the separation process.
• In June 2022, the Government of India distributed free machinery, such as tractors and combine harvesters, to 5,262 farmers under the YSR Yantra Seva program. A total of 3,800 tractors and 320 combine harvesters were distributed among the farmers.

The harvester market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue (USD Million) and shipment (Units) from 2018 to 2032, for the following segments

By Type, 2018 – 2032

• Combine Harvester
• Forage Harvester
• Trailed Silage Harvester
• Self-propelled Forage Harvester
• Trailed Forage Harvester
• Mounted Forage Harvester
• Mounted Silage Harvester 
• Surgarbeet Harvester
• Potato Harvester
• Wine Grape Harvester
• Forage Mowers
• Municipal Mowers

By Sales Channel, 2018 – 2032

• Manufacturers
• Distributors

The above information is provided for the following regions and countries

• North America
  • U.S.
  • Canada
• Europe
  • UK
  • Germany
  • France
  • Italy
  • Spain
  • Russia
• Asia Pacific
  • China
  • India
  • South Korea
  • Australia
• Latin America
  • Brazil
  • Mexico
  • Argentina 
• MEA
  • GCC
  • Nigeria
  • Kenya
  • South Africa