Global Harvesting Machinery Market Size By Product (Cutting Machinery, Excavate Machinery, Picking Machinery), By Application (Grain, Cotton, Beet), By Geographic Scope And Forecast

Harvesting Machinery Market Size And Forecast

Harvesting Machinery Market size is growing at a faster pace with substantial growth rates over the last few years and is estimated that the market will grow significantly in the forecasted period i.e. 2020 to 2027.

The Global Harvesting Machinery Market has witnessed strong growth owing to the increasing demand for rising harvesting machinery to improve the efficiency of agricultural purposes. Moreover, technological advancements in this market, such as the usage of global positioning sensors and cameras are also adding fuel to the market growth. The Global Harvesting Machinery Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

Global Harvesting Machinery Market Definition

Harvesting is the action of removing a crop from where it was developing and moving it to a more stable location for processing, consumption, or storage. Some root crops and tree fruit can be left in the plot or orchard and harvested as required, but most crops reach a period of the highest quality, that is they grow or mature and will worsen if left open to the elements. While the principal factor limiting the time of harvest is the maturity of the crop, other factors such as weather, availability of harvest equipment, pickers, packing and storage facilities, and transport are essential considerations.

Harvesting of pulse crops is usually done by hand with simple farming tools like a sickle or by machines when the pods are ripe but not yet open. Harvesting machinery is utilized to assemble mature crops from the farmland. These machines execute multiple actions, such as cutting, winnowing, and threshing concurrently. Harvesting machinery is frequently used for agricultural purposes. They can be broadly categorized into machines such as tree crops, root crops, row crops, grain & seed crops, and hay & silage. Harvesting machines such as crushers, choppers, and balers are used to regulate the population of weeds. They are widely used for the cultivation of silages.

Global Harvesting Machinery Market Overview

The Global Harvesting Machinery Market is principally driven by increasing demand for rising harvesting machinery to improve the efficiency of agricultural purposes. The severe shortage of farm labor and several government-backed subsidy policies supporting the purchase of farming machinery in developing economies such as India are also driving market growth. The government subsidy, spread, and selection of microfinance and low-interest loans promote the use of agricultural machinery by providing additional capital to farmers to ensure an improvement in fertility by efficient utilization of all factors of production, making the process cost-effective.

Moreover, technological advancements in this market, such as the usage of global positioning sensors and cameras, have to head to the creation of automated multitasking machines thereby progressing the demand. However, increasing capital investment and a huge amount of power consumption required for harvesting machinery are expected to hinder market growth. Due to the above circumstances, the industry is shifting towards the construction of machines that make use of biobased products such as biofuels, which is anticipated to open new opportunities for the growth of this market.

Global Harvesting Machinery MarketSegmentation Analysis

The Global Harvesting Machinery Market is Segmented on the basis of Product, Application, and Geography.

Harvesting Machinery Market, By Product

• Cutting Machinery
• Excavate Machinery
• Picking Machinery
• Other

Based on Product, the market is bifurcated into Cutting Machinery, Excavate Machinery, Picking Machinery, and Other. The Cutting Machinery segment is estimated to witness the highest CAGR for the forecast period. The factors that can be attributed to the growth of the cutting machinery are associated with the increasing use of this machinery for crop cutting. The cutting machine consists of a frame, cutter bar, knife, wheels, bearings, and other accessories.

Harvesting Machinery Market, By Application

• Grain
• Cotton
• Beet
• Other

Based on Application, the market is bifurcated into Grain, Cotton, Beet, and Other. The Grain segment is estimated to witness the highest CAGR for the forecast period. Grains are generally harvested with the use of machinery. Harvesting at the optimal time and development is a necessary precondition to ensuring stable yields and quality grains. Therefore, it’s essential to execute a harvest when the crop starts with its full maturity. The principal reason for this is because, at this stage, the grain has the very low moisture it can perform in the field.

Harvesting Machinery Market, By Geography

• North America
• Europe
• Asia Pacific
• Rest of the world

Based on regional analysis, the Global Harvesting Machinery Market is classified into North America, Europe, Asia Pacific, and Rest of the world. The Asia pacific is expected to dominate the market during the forecast period. The growth of the region is associated with the acute shortage of labor resources for agricultural activities. Also, various governments are giving subsidies to farmers for investing in better equipment to efficiently meet the demands for higher productivity. The Government of India initiated several farm mechanization programs in the country through the plans, such as Rashtriya Krishi Vikas Yojna (RKVY) and Mechanisation, under the National Food Security Mission (NFSM).

Key Players

The “Global Harvesting Machinery Market” study report will provide a valuable insight with an emphasis on the global market. The major players in the market are AGCO Corporation (US), Alois Pottinger Maschinenfabrik Ges.m.b.H (Austria), Bernard Krone Holding GmbH & Co. KG (Germany), CLAAS KGaA mbH (Germany), CNH Industrial N.V. (UK), Deere & Company (John Deere) (US), Dewulf NV (Belgium), Foton Lovol International Heavy Industry Co., Ltd. (China), Kubota Corp. (Japan), Kuhn Group (France), Lely Group (The Netherlands), Preet Agro Industries Pvt. Ltd. (India), Ploeger Agro BV (The Netherlands), Rostselmash (Russia), SAME Deutz Fahr (Italy), Sampo Rosenlew Ltd. (Finland). The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

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Reasons to Purchase this Report

• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post-sales analyst support

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