Harvesting Machinery

Global Harvesting Machinery Market to Reach US$33.9 Billion by 2030

The global market for Harvesting Machinery estimated at US$24.4 Billion in the year 2024, is expected to reach US$33.9 Billion by 2030, growing at a CAGR of 5.7% over the analysis period 2024-2030. Combine Harvester, one of the segments analyzed in the report, is expected to record a 6.6% CAGR and reach US$13.9 Billion by the end of the analysis period. Growth in the Forage Harvester segment is estimated at 5.6% CAGR over the analysis period.

The U.S. Market is Estimated at US$6.6 Billion While China is Forecast to Grow at 9.3% CAGR

The Harvesting Machinery market in the U.S. is estimated at US$6.6 Billion in the year 2024. China, the world`s second largest economy, is forecast to reach a projected market size of US$7.3 Billion by the year 2030 trailing a CAGR of 9.3% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 2.2% and 5.8% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 3.4% CAGR.

Global Harvesting Machinery Market - Key Trends and Drivers Summarized

Harvesting machinery, an essential component of modern agriculture, has evolved significantly with technological advancements, significantly impacting farming efficiency and productivity. This evolution began with the Industrial Revolution and has continued to grow, incorporating complex technologies such as GPS and automation into farming equipment. These innovations have transformed traditional farming practices, enabling farmers to manage larger plots more effectively, thereby increasing crop yields and reducing labor costs. The integration of sophisticated machinery in the agricultural sector allows for faster completion of farming tasks, minimizing crops` exposure to environmental risks, and enhancing yield quality. Additionally, mechanization addresses the labor shortages often experienced in rural areas, a consequence of urban migration, by reducing the dependency on manual labor which is increasingly scarce and expensive.

The global market for harvesting machinery is driven by several growth factors, chief among them being the escalating demand for agricultural products and the widespread adoption of advanced farming technologies. Technological enhancements in harvesting machinery, such as improved sensors and automated systems, have made these machines more efficient and appealing to the farming community. Moreover, government initiatives, especially in developing countries like India, provide substantial support through subsidies and favorable policies, encouraging farmers to invest in modern equipment. These initiatives, coupled with the need to boost productivity to meet growing food demands, are propelling the market for agricultural harvesting machinery forward. Programs like Rashtriya Krishi Vikas Yojna (RKVY) and the National Food Security Mission (NFSM) are instrumental in promoting the use of efficient machinery through financial aids such as subsidies, making it more feasible for farmers to upgrade their equipment.

Emerging trends such as Precision Farming are further shaping the harvesting machinery market by utilizing electronic sensors and cloud-based technologies to optimize yields and improve crop quality. This approach supports the precision farming technique, enhancing the efficiency of operations and the quality of harvests. The adoption of these advanced machines is especially pronounced in regions like Europe and Asia-Pacific, where there is a critical combination of labor shortages and a pressing need for increased agricultural productivity. The government`s role in facilitating access to high-end machinery through subsidies is a significant growth driver in these regions, making sophisticated technology accessible and affordable for local farmers. As the harvesting machinery market continues to grow, driven by technological advancements, government incentives, and an increasing need for efficiency and quality in agricultural outputs, the future of farming looks geared towards even greater mechanization and productivity, ensuring the industry can meet the escalating global food demands effectively.

SCOPE OF STUDY:

The report analyzes the Harvesting Machinery market in terms of units by the following Segments, and Geographic Regions/Countries:

Segments:
Machinery Type (Combine Harvester, Forage Harvester, Sugarcane Harvester, Other Machinery Types)

Geographic Regions/Countries:
World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

Select Competitors (Total 73 Featured) -

• AGCO Corporation
• CLAAS KGaA mbH
• CNH Industrial N.V.
• Deere & Company (John Deere)
• Dewulf NV
• Kubota Corp.
• Lovol Heavy Industry Co.Ltd.
• Preet Agro Industries Pvt. Ltd.
• Rostselmash
• SAME Deutz Fahr
• Sampo Rosenlew Ltd.

TARIFF IMPACT FACTOR

Our new release incorporates impact of tariffs on geographical markets as we predict a shift in competitiveness of companies based on HQ country, manufacturing base, exports and imports (finished goods and OEM). This intricate and multifaceted market reality will impact competitors by artificially increasing the COGS, reducing profitability, reconfiguring supply chains, amongst other micro and macro market dynamics.

We are diligently following expert opinions of leading Chief Economists (14,949), Think Tanks (62), Trade & Industry bodies (171) worldwide, as they assess impact and address new market realities for their ecosystems. Experts and economists from every major country are tracked for their opinions on tariffs and how they will impact their countries.

We expect this chaos to play out over the next 2-3 months and a new world order is established with more clarity. We are tracking these developments on a real time basis.

As we release this report, U.S. Trade Representatives are pushing their counterparts in 183 countries for an early closure to bilateral tariff negotiations. Most of the major trading partners also have initiated trade agreements with other key trading nations, outside of those in the works with the United States. We are tracking such secondary fallouts as supply chains shift.

To our valued clients, we say, we have your back. We will present a simplified market reassessment by incorporating these changes!

APRIL 2025: NEGOTIATION PHASE

Our April release addresses the impact of tariffs on the overall global market and presents market adjustments by geography. Our trajectories are based on historic data and evolving market impacting factors.

JULY 2025 FINAL TARIFF RESET

Complimentary Update: Our clients will also receive a complimentary update in July after a final reset is announced between nations. The final updated version incorporates clearly defined Tariff Impact Analyses.

Reciprocal and Bilateral Trade & Tariff Impact Analyses:

USA
CHINA
MEXICO
CANADA
EU
JAPAN
INDIA
176 OTHER COUNTRIES.

Leading Economists - Our knowledge base tracks 14,949 economists including a select group of most influential Chief Economists of nations, think tanks, trade and industry bodies, big enterprises, and domain experts who are sharing views on the fallout of this unprecedented paradigm shift in the global econometric landscape. Most of our 16,491+ reports have incorporated this two-stage release schedule based on milestones.

Please note: Reports are sold as single-site single-user licenses. Electronic versions require 24-48 hours as each copy is customized to the client with digital controls and custom watermarks. The Publisher uses digital controls protecting against copying and printing is restricted to one full copy to be used at the same location.

The latest version of Adobe Acrobat Reader is required to view the report. Upon ordering an electronic version, the Publisher will provide a link to download the purchased report.

Prior to fulfillment of an order, the client will be required to sign a document detailing the purchase terms for a publication from this publisher.