The global precision harvesters market 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 machineries include increasing disposable income of farmers, civilization of farming methods, and government support to improve the overall agricultural productivity and meet the ever-increasing food demand.
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"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 precision harvesters market. These segments collectively accounted for over three-fourth 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, 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.
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"Huge Agricultural Sector and Improving Farm Income to Drive Market Demand in Asia Pacific"
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 the governments in a bid to promote precision and mechanized farming will favor market demand during the forecast period from 2018 to 2026. Since 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 the improving farm income will also drive adoption of advanced farm and agricultural machinery in the coming years in Asia Pacific.
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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, and Vision Robotics Corporation among others.
Historical & Forecast Period
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. CAGR (Compounded Annual Growth Rate) for each segment and sub-segment is calculated for the forecast period from 2018 to 2026.
Report Scope by Segments
Key segments covered in the report are as follows:
| ATTRIBUTE |
DETAILS |
| Research Period |
2017-2027 |
| Base Year |
2018 |
| Forecast Period |
2019-2027 |
| Historical Year |
2017 |
| Unit |
USD Billion |
| Segmentation |
Product Segment (2016–2026; US$ Bn)
• Combine Harvesters
• Forage Harvesters
• Robotic Harvesters
|
|
Mechanism Segment (2016–2026; US$ Bn)
• Tractor-mounted Harvesters
• Self-propelled Harvesters
• Others (Trailed Harvesters, Walking Harvesters, etc.)
|
|
Application Segment (2016–2026; US$ Bn)
• Crops
• Horticulture
• Greenhouse
• Others
|
|
Geography Segment (2016–2026; US$ Bn)
• North America (U.S., Rest of North America)
• Europe (U.K., Germany, France, Rest of Europe)
• Asia Pacific (China, Japan, India, Rest of Asia Pacific)
• Rest of the World (Middle East & Africa, Latin America)
|
Key questions answered in this report
- What was the global precision harvesters market size in 2016 & 2017?
- What is the estimated forecast and market projections from 2018 up to 2026?
- Which region is 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 precision harvesters market?
