India Sugarcane Harvester Market Share, Size, Trends, Industry Analysis Report by Type (Chopper Harvester, Whole Stalk Harvester); By Swath Width; By Product; By Ownership; By Region, Segment Forecast, 2023 - 2032
The India Sugarcane Harvester market size is expected treach USD 426.50 Million by 2032, according ta new study by Polaris Market Research. The report “India Sugarcane Harvester Market Share, Size, Trends, Industry Analysis Report By Type (Chopper Harvester, Whole Stalk Harvester); By Swath Width; By Product; By Ownership; By Region, Segment Forecast, 2022 - 2032” gives a detailed insight intcurrent market dynamics and provides analysis on future market growth.
India's Sugarcane Harvester Market is expected tgrow at the quickest rate over the forecast period owing tincreasing sugarcane production and the growing adoption rate of harvesters among farmers in India in the last few years. Further, favorable government policies and new product launches for India's farming conditions are reasons for the increasing use of harvesters over manual sugarcane harvesting.
India is the second largest producer of sugarcane across the globe after Brazil and produced more than 500 million tons sugarcane in the year 2021 – 22, as per Press Information Bureau, Government of India. Sugarcane is mainly cultivated for various end products such as sugar, jaggery, ethanol, and fodder for feeding livestock.
A Sugarcane harvester is a large machinery that cuts the stalks at the base, removes the leaves from the stalk, and cuts the sugarcane stalks intpieces of desired sizes. Unlike manual harvesting, the mechanized process enables the farmers tsave labor and time and aids in the easy and clean processing of harvesting the canes.
The rising consumption of sugar by consumers and the food & beverage industry demanded by India's huge population has increased the demand for sugarcane in the domestic market. Equipment financing options provided by various harvesting companies, such as CNH Industrial, have enabled small landowners tuse the harvesters in their farmlands in India instead of purchasing the costly machines.
Report Highlights
The COVID-19 pandemic has positively impacted the adoption rate of sugarcane harvesters in India. The acute manual labor shortage in the pandemic period, coupled with the rising labor wage rate, has shifted the majority of landowners tadopt the harvesters on a lease basis in India.
The Chopper Harvester segment is anticipated twitness a significant growth rate in 2022. Primary factors driving the Chopper Harvester segment can be attributable tits advantages over the whole stalk harvesters. Some of the essential functionalities of chopper harvesters include bundling, dressing & sizing the cut cane intcane bits, carrying, and gathering & loading the cane bundles intcane trucks.
The Leased / Hired segment is anticipated twitness the fastest growth rate in the forecast period owing tmany small farm owners in India. The leasing facility can generate higher profits as the machinery will not be a dead investment and can reduce the payback period for the harvesters. Further, the government is alspromoting hiring where the expensive equipment is offered on a lease or hire basis.
Polaris Market Research has segmented the India Sugarcane Harvester Market report based on type, swath width, product, ownership, and region:
India Sugarcane Harvester Market, Type Outlook (Revenue - USD Million, 2019 - 2032)
Chopper Harvester
Whole Stalk Harvester
India Sugarcane Harvester Market, Swath Width Outlook (Revenue - USD Million, 2019 - 2032)
Single Row
Multiple Row
India Sugarcane Harvester Market, Product Outlook (Revenue - USD Million, 2019- 2032)
Self- Propelled
Tractor mounted
India Sugarcane Harvester Market, Ownership Outlook (Revenue - USD Million, 2019- 2032)
Owned
Leased / Hired
India Sugarcane Harvester Market, Regional Outlook (Revenue - USD Million, 2019 - 2032)
North India
South India
West India
East India
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook