The global market for precision harvesters is expected to expand at a CAGR of 7.2% during the forecast period from 2018 to 2026. Today, technology plays a significant part in the overall growth of the agriculture industry worldwide. Key drivers that influence the growth of precision harvesters and other farm machinery include the increasing disposable income of farmers, the civilization of farming methods, and government support to improve overall agricultural productivity and meet the ever-increasing food demand.
self-propelled precision harvesters to register strong growth
Tractor-mounted harvesters and self-propelled harvesters were the two major revenue-contributing segments in the global market for precision harvesters. These segments collectively accounted for over three-fourths of the total market value worldwide. Self-propelled precision harvesters are expected to register relatively stronger growth during the forecast period. Their ability to improve harvesting capacity and net yield and thereby help producers achieve economies of scale will drive their demand among farmers. The adoption of self-propelled harvesters has been higher in developed economies, but with growing farm income and awareness regarding the benefits offered, their adoption will improve across emerging economies during the forecast period.
The Asia Pacific market will be driven by a large agricultural sector and rising farm income.
Asia-Pacific is slated to remain the most attractive business destination for harvester manufacturers. The anticipated growth opportunity in the region is reflective of the huge agricultural sector and growing food demand in the region. In addition, investments made by governments in a bid to promote precision and mechanized farming will favor market demand during the forecast period from 2018 to 2026. Since the majority of farmers in these countries are still reliant on traditional harvesting methods, they are touted as markets with latent potential. Growing awareness regarding the benefits offered by harvesters combined with improving farm income will also drive the adoption of advanced farm and agricultural machinery in the coming years in the Asia Pacific.
Key Players:
Some of the leading precision harvester manufacturers profiled in the research study include Deere & Company, AGCO Corporation, AgJunction, The Grimme Group, Trimble, Precision Planting, Harvest Croo Robotics, AG Leader, Abundant Robotics, Raven Industries, Teejet Technologies, Vision Robotics Corporation, among others.
Periods of History and Forecast
This research study provides qualitative as well as quantitative insights for each segment and sub-segment from 2016 to 2026, considering 2017 as the base year for the research. The CAGR (compound annual growth rate) for each segment and sub-segment is calculated for the forecast period from 2018 to 2026.
Key questions are answered in this report.
What was the global market size for precision harvesters in 2016 and 2017?
What are the estimated forecasts and market projections from 2018 up to 2026?
Which region has the largest regional market for precision harvesters?
Which product variant contributes the largest revenue worldwide?
Predominant trends shaping the global precision harvesters market worldwide
Who are the leading manufacturers in the global precision harvesters market worldwide?
What are the key strategies adopted by the leading manufacturers in the global market for precision harvesters?
Frequently Asked Questions:
The market for Precision Harvesters Market is expected to reach US$ XX Mn by 2026.
The Precision Harvesters Market is expected to see significant CAGR growth over the coming years, at 7.2%.
The report is forecasted from 2018-2026.
The base year of this report is 2017.
AgJunction, The Grimme Group, Trimble, Precision Planting, Harvest Croo Robotics, AG Leader, Abundant Robotics, Raven Industries, Teejet Technologies, Vision Robotics Corporation are some of the major players in the global market.
