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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Global Agricultural Harvester Market Outlook
The global agricultural harvester market stood at a value of around USD 31.96 billion in 2023 and is projected to reach a value of USD 48.61 billion by 2032, exhibiting a CAGR of 4.8% during the forecast period of 2024-2032.
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These harvesters are used to boost farm output in less time and their use has proved to be better than standard techniques of harvesting, which is driving the demand for the product. Furthermore, agricultural practices are becoming increasingly dependent on machines and instruments, such as harvesters, as they minimise farm drudgery, increase productivity, reduce the cost of crop manufacturing, and considerably reduce harvest losses, thus, aiding the consumers.
Market Segmentation
Farmers use agricultural harvesters to harvest grain crops, as by using agricultural harvesters, three significant duties—harvesting, threshing, and winnowing—are performed. Based on its type, its industry can be categorised into combine and forage harvesters. Based on its drive type, the agricultural harvester market can be categorised as:
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- Four-Wheel Drive Harvester
- Two-Wheel Drive Harvester
Based on its application, the industry can be segmented into:
- Wheat
- Rice
- Maize
- Barley
- Others
The EMR report looks into the regional agricultural harvester markets like North America, Latin America, Europe, the Middle East and Africa, and the Asia Pacific.
Market Analysis
Due to their low crop wastage and high processing effectiveness, the demand for agricultural harvesters, including combining harvesters and forage harvesters, is increasing among farmers. The combination of harvesters helps to minimise labour cost and time by combining three distinct activities, that is, harvesting, threshing, and winnowing into one method. Technological advances in forage harvesters will further enhance the popularity of the product among consumers, thus, aiding the agricultural harvester market growth.
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Competitive Landscape
The report presents a detailed analysis of the following key players in the global agricultural harvester market, looking into their capacity, competitive landscape, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
- Deere & Company
- CNH Industrial
- AGCO Corporation [NYSE: AGCO]
- Mahindra Tractor
- Krone North America Inc.
- Yanmar Co., Ltd.
- Bernard Krone Holding SE &Co. KG (Bernard Krone Holding)
- Others
The EMR report gives an in-depth insight into the industry by providing a SWOT analysis as well as an analysis of Porter’s five forces.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Product Type |
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| Breakup by Drive Type |
|
| Breakup by Application |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
Agricultural Harvester Market Report Snapshots
Agricultural Harvester Market Size
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2023, the global agricultural harvester market attained a value of nearly USD 31.96 billion.
The market is projected to grow at a CAGR of 4.8% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 48.61 billion by 2032.
The major drivers of the market include the increasing usage of agricultural harvesters to boost farm output due to its benefits like low crop wastage and high processing effectiveness and the adoption of modern techniques and machinery in the agricultural sector.
The key trends guiding the growth of the market include the favourable government initiatives and the technological advancements in the agricultural industry.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
Combine harvester and forage harvester are the major agricultural harvester product types in the market.
Four-wheel drive harvester and two-wheel drive harvester are the different drive types of the product in the market.
Wheat, rice, maize, and barley, among others are the significant applications of the product.
The major players in the market are Deere and Co., CNH Industrial N.V., AGCO Corporation, Mahindra and Mahindra Ltd., Krone North America Inc., Yanmar Co., Ltd., and Bernard Krone Holding SE and Co. KG, among others.
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