Global Harvesting Machinery Market: Industry Analysis and Forecast (2020-2026)
Global Harvesting Machinery Market size was valued at US$ 183 Bn. in 2019 and the total revenue is expected to grow at 5.8 % through 2020 to 2026, reaching nearly US$ XX Bn.
The Global Harvesting Machinery Market report is a comprehensive analysis of the industry, market, and key players. The report has covered the market by demand and supply-side by segments. The global Harvesting Machinery report also provides trends by market segments, technology, and investment with a competitive landscape.
Global Harvesting Machinery Market Overview:
The agriculture sector is one of the core sectors of the global market. With providing food to all, this sector also provides raw material to various sectors. Farming is known as the profession of utmost importance. The process of farming starts with making the land ready to cultivate seeds and ends at harvesting. Harvesting is an important process as it consists of collecting ripe crops.
This is important because this final product is the one sold in the market to get money. Need to ease the process of farming and Improvement in technology has resulted in demand for machinery to complete the work of harvesting. Increase in demand for food products and limitations on the availability of Manpower has resulted in rapid growth in Global Harvesting Machinery Market
Global Harvesting Machinery Market Dynamics:
An increase in population has resulted in a rise in disposable income of the urban population creating demand for high-quality and organic agricultural products. This has resulted in advancements in tools and machinery used for agriculture. Harvesting Machinery is used to collect the final product from the farm. It consists of dusting, collecting, and separating final products in large quantities.
Harvesting Machinery eliminates grain loss which happens during threshing, carrying, and transporting. The use of Harvesting Machineries reduces the net cost required for farming, resulting in increased income for customers. The cost of fuel required is a lot less than paying the cost of manual labor.
Various organizations work on giving suggestions to the agriculture sector. Encouragement by giving suggestions as well as financial packages for the betterment of life for people related to agriculture has resulted in improvement in the techniques to do farming. Various international organizations like World Bank, IMF, ADB, and FAO work a lot in providing monetary packages to farmers to purchase quality equipment to improve farming techniques.
People’s preference for the industrial sector over the Agriculture sector has resulted in a shortage of farm labor. This has resulted in increased demand for agricultural machinery.
Various governments give Subsidies on purchasing farming equipment resulting in reduced costs for farming machinery. Limitation in the availability of labor and people’s growing preference towards industrialization has resulted in a rise in demand for agriculture-related machinery. Ease in use and an increased need to simplify the process of farming have increased Global Harvesting Machinery Market.
Inclination towards traditional ways of using Manpower for harvesting is limiting growth for Global Harvesting Machinery Market.
The high cost of Harvesting Machineries is the major restraining factor for this market.
Global Harvesting Machinery Market Segment Analysis:
The Global Harvesting Machinery Market is segmented on the basis of,
By Nature of the product, this segment consists of the working mechanism of Harvesting Machineries. It is divided into sub-segments which are crawler type, which is a simple tool assembly used by people for harvesting. This type of machinery is preferred harvesting machinery by customers who have small to medium-size farms. Wheeler type consists of motorized mechanism which is driven by people.
This type of machinery is the highest sold product in Harvesting Machinery Market. Automatic is a machine that requires little to no human intervention for completing work and is a preferred tool for harvesting in the European market.
By Product Type, this segment consists of different types of Harvesting Machineries like Self Propelled Machinery, Trailed Machinery, Mounted Machinery, and Specialized Harvesters Machinery. Trailed Harvesting Machineries are dominating Harvesting Machinery Market. Its convenience and ease of use assembly have provided comfort in the completion of harvesting. Trailed Harvesting Machineries’ market is growing at a fast pace.
By Application, this includes areas where harvesting machinery is used. This consists of sub-segments like harvesting of grains like wheat, maize, corn, and others, Fruits like Grapes, Beet, etc., and flowers that are cultivated as a cash crop.
Global Harvesting Machinery Market
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The above pie chart clarifies total sales of Harvesting Machineries based on their nature. It is observed that the global sale of harvesting machinery is dominating by the wheeler type category which consists of harvesting product that works on machines and requires crude oil for their functioning. Its ease in use and maintenance is the major factor considered by customers throughout the world. Customers having medium to large fields and limited Manpower prefers this type of harvesting machinery. An appropriate cost and ease in availability of finance have made this category of harvesting machinery a preferred one in Global Harvesting Machinery Market.
Crawler-type harvesting machinery comes in the second position. It is observed that the Harvesting machinery products are big in demand in the Asia-Pacific region. This region consists of customers having small to medium types of fields. Low capital, difficulties in availability of finance, and constant decrease in the selling price of crops are the reasons for customers to purchase these harvesting products. This has resulted in making Crawler type harvesting machinery a favorite for a large number of customers.
Automatic harvesting machinery is either a self-operated type or requires little to no human intervention for completing the work. This type of harvesting machinery is used mostly by customers in North America and the European region. Here, unavailability of labor, advancement in technology, and high purchasing capacity of customers have resulted in the rise in demand for Automatic Harvesting Machinery.
Global Harvesting Machinery Market Regional Insights:
Global Harvesting Machinery Market Regional InsightsThe above image clarifies the market share and expected growth in Harvesting Machinery Market. It is observed that the Asia-Pacific region is the biggest market for Harvesting Machineries. Here, a large number of populations are directly dependant on farming. From working as labor to facilitating machinery on rent, various businesses are ancillary to the Agriculture sector. The ever-rising population and increasing demand for food products are some of the reasons for the tremendous growth of Harvesting Machinery in this region. This growth will increase by significant numbers as economies in this region are developing rapidly.
South America comes in the second position. Availability of fertile land on a big scale is the main reason behind the preferred occupation of farming by many people. Here the Major focus is on cash crops like rubber and coffee are grown on a large scale. Various initiatives by local governments for encouraging the export of cash crops have resulted in tremendous growth in Harvesting Machinery Market in this region.
North America comes in the third position. Here, farming is done on a large scale, and a large area of fields is used for the cultivation of a single type of crop. Here thousands of hectares of land are cultivated by one crop only. To ease the process of harvesting, big machinery is used. This has resulted in high demand for harvesting machinery. Europe focuses mostly on seasonal crops. Increased use of machinery is a result of advancement in technology and reduction in reliance on Manpower. This is the main reason for the purchase of harvesting machinery in this region. The Middle East and Africa are showing very little growth in this market. Lack of fertile land in this region is the major restraining factor for the Growth of the Harvesting Machinery Market.
The objective of the report is to present a comprehensive analysis of the global Harvesting Machinery market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.
PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.
The report also helps in understanding the global Harvesting Machinery market dynamics, structure by analyzing the market segments and Project the global Harvesting Machinery market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the global Harvesting Machinery market make the report investor’s guide
Global Harvesting Machinery Market Scope: Inquire before buying
Global Harvesting Machinery Market
Global Harvesting Machinery Market, by Region
• North America
• Asia Pacific
• Middle East and Africa
• South America
Global Harvesting Machinery Market Key Players
• Deere & Company
• Krone NA, Inc.
• Yanmar Co., Ltd.
• CNH Industrial
• KUBOTA Corporation
• Great Plains Mfg. ,Inc.
• Mahindra & Mahindra
• AGCO Corporation
• CLASS KGaA mbH
• Bernard Krone Holding GmbH & Co. KG
• SAME Deutz-Fahr Group S.p.A
• Tractors & Farm Equipment Limited
• Lovol Heavy Industry Co., Ltd.
• Changzhou Dongfeng Agricultural Machinery Group Co., Ltd.
• Changfa Group
• Shandong Changlin Machinery Group Co., Ltd.
• Escorts Agri Machinery
• Kuhn Group
• Exel Industries
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