Harvester Market Size By Type (Combine Harvester, Forage Harvester [Trailed Silage Harvester, Self-propelled Forage Harvester, Trailed Forage Harvester, Mounted Forage Harvester, Mounted Silage Harvester], Sugar Beet Harvester, Potato Harvester, Wine Grap

Harvester Market Size By Type (Combine Harvester, Forage Harvester [Trailed Silage Harvester, Self-propelled Forage Harvester, Trailed Forage Harvester, Mounted Forage Harvester, Mounted Silage Harvester], Sugar Beet Harvester, Potato Harvester, Wine Grape Harvester, Forage Mowers, Municipal Mowers]), By Sales Channel (Manufacturers, Distributors), COVID-19 Impact Analysis, Regional Outlook, Application Development Potential, Price Trend, Competitive Market Share & Forecast, 2022 - 2030

The global harvester industry value is projected to witness a substantial growth through 2030, with agriculture equipment undergoing technological advancements to keep up with the ever-increasing demand for food products.

According to the U.S. Department of Agriculture (USDA), India, Thailand, and China are the leading suppliers of short- and medium-grain rice to the U.S. This trade accounts for more than 90% of the country’s imports, indicating the potential demand for harvesters across Asia Pacific farming sector. Farm equipment and component manufacturers are making continuous efforts to offer new and improved products to the global users.

For example, in August 2021, Cummins announced that Claas’ new Trion family of combines are equipped with 6.7 liter and 9-liter engines from Cummins. These engines have 255-430 HP and possess high fuel efficiency. They will help the combines perform efficiently in hilly and flat terrains on wheat, grapeseed, maize, or rice crops.

Intelligent harvesters are becoming increasingly popular across countries in Europe due to a notable surge in the adoption of robotics in harvesters. The presence of reputed equipment manufacturers in the region, that are engaged in extensive R&D, will boost the availability of intelligent harvesters. Consistent expansion of the fast-food sector, surging investments in modern farming, and high labor costs are among the key factors driving harvester sales in North America and Europe.

The harvester market is segmented in terms of type, sales channel, and region.

The wine grape harvester market share was valued at more than USD 900 million in 2021, with over 2,500 units shipped globally during the year. Rising disposable incomes resulting in better lifestyle choices, including increased wine consumption, will augment the equipment usage. According to a report published by the EU Commission in November 2020, the three largest wine-producing countries in Europe were Italy with around 47.6% hectoliters, France with 43.4% hectoliters, and Spain taking the third position with 38.1% hectoliters.

It is estimated that the trailed forage harvester industry share could observe more than 8% CAGR between 2022-2030. The need for cost-effective farming equipment is fueling the product adoption. These machines come equip with crop cross conveyor to enhance the harvest efficiency The equipment also enables easy maneuverability, rotary agitator to additional soil sieving, while delivering a 2-phased harvest process.

Latin America harvester industry share will exhibit more than 7% CAGR through 2030. Agriculture is one of the primary sources of livelihood for the regional population, while being one of the major contributors to the economic development. LATAM nations, such as Brazil and Mexico are heavily dependent on agriculture for their GDP growth. It has prompted the governments to introduce subsidies to help farmers secure the required capital for seeds, machinery, and equipment, which will augment the production of harvesters.