Global Harvesting Machinery Market Market Scope
Harvesting machinery refers to a range of equipment and vehicles used in agricultural activities to harvest crops. These machines are designed to efficiently and effectively collect crops, separate the edible parts from the non-edible parts, and prepare them for further processing or storage. These machines are widely used for harvesting grain crops such as wheat, barley, corn, and rice. Combines perform multiple functions including cutting, threshing, separating, and cleaning the harvested crop in a single operation. Farmers are adopting mechanized solutions to improve efficiency, increase productivity, and reduce labor-intensive tasks. Harvesting machinery enables farmers to harvest crops quickly and efficiently, saving time and labor costs.
|Unit||Value (USD Million)|
|Key Companies Profiled||Deere & Company (United States), AGCO Corporation (United States), CNH Industrial N.V (United Kingdom), Mahindra & Mahindra (India), CLAAS KGaA mbH (Germany), CNH Industrial N.V. (United Kingdom), Deere & Company (United States), Exel Industries (France), AgXeed B.V. (Netherlands) and Kubota Corporation (Japan)|
Due to the existence of a few well-known players as well as numerous medium- or small-scale competitors on a global scale, the market is very competitive. OEMs compete on factors such product quality, pricing, availability, and technical improvements. Additionally, mergers and acquisitions are being pursued in an effort to strengthen brand recognition and broaden the clientele.
Deere & Company (United States), AGCO Corporation (United States), CNH Industrial N.V (United Kingdom), Mahindra & Mahindra (India), CLAAS KGaA mbH (Germany), CNH Industrial N.V. (United Kingdom), Deere & Company (United States), Exel Industries (France), AgXeed B.V. (Netherlands) and Kubota Corporation (Japan) are some of the key players that are part of study coverage.
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
The study have segmented the market of Global Global Harvesting Machinery Market market by Type , by Application (Cropping and threshing, Land Development and Agroprocessing) and Region with country level break-up.
On the basis of geography, the market of Global Harvesting Machinery Market has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). region held largest market share in the year 2022.
Market Leaders and their expansionary development strategiesCLAAS KGaAmbH acquired a minority share in the Dutch startup AgXeed B.V. in May 2021. The deal was made with the goal of creating and marketing autonomous farming equipment
New parts and service facilities were opened by CNH Industries N.V. in Shanghai, China, in September 2019, which helped shorten the time it took for clients to receive products from the Case IH and New Holland Agriculture brands of agricultural equipment
Influencing Trend:The integration of precision farming techniques and digital technologies is a prominent trend in the harvesting machinery sector
Market Growth Drivers:Advancements in technology have led to the development of advanced harvesting machinery with features like GPS navigation, real-time monitoring, and Harvesting machinery provides a solution to overcome labor shortages by automating the harvesting process
Challenges:High cost of maintenance, repairs, and spare parts can also be a concern for farmers
Restraints:Agricultural practices can vary significantly across regions, with diverse crop types, field sizes, and farming techniques, and Environmental regulations and restrictions on the use of certain chemicals or practices can impact the design and operation of harvesting machinery
Opportunities:The growing emphasis on sustainability and environmentally friendly farming practices opens opportunities for harvesting machinery manufacturers, and Emerging markets, especially in developing countries, offer significant growth potential for the harvesting machinery market