The Sugarcane Harvesters Market size is estimated at USD 1.21 billion in 2023, and is expected to reach USD 3.36 billion by 2028, growing at a CAGR of 22.60% during the forecast period (2023-2028).
The sugarcane harvesters market is moderately consolidated in nature. Deere & Company, CNH Industrial NV, AGCO Corporation, Simon Group, and Claas KGaA mBH are some of the prominent players in this market. These players are expanding their presence in many regional markets by partnering with domestic manufacturers to strengthen their foothold in the market. New product launches, partnerships, and acquisitions are the major strategies adopted by the leading companies in the market in the country. Along with innovations and expansions, investments in R&D and developing novel product portfolios will likely be crucial strategies in the coming years.
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