According to a market report by Lucintel, the future of the global agricultural harvester market looks promising with opportunities in the wheat, rice, maize, and barley markets. The global agricultural harvester market is expected to reach an estimated $39 billion by 2030 with a CAGR of 4.5% from 2024 to 2030. The major drivers for this market are growing rural incomes globally, rising focus on precision farming for quality harvest, and growing use of advanced farming techniques.
In this market, combine
harvester and forage harvester are the major segments of agricultural harvester
market by product type.
Lucintel forecast that
combine harvester is expected to witness higher growth over the forecast period
because of the availability of machines that are quipped with onboard GPS
systems, provides information about the engine status, machine location, and
harvesting speed that impacts the production capacity.
Within this market,
maize will remain the largest segment because maize is a relatively high-value
crop, which means that farmers are willing to invest in harvesters to improve
their yields.
APAC is expected to
witness largest region over the forecast period due to rapid expansion of the
economies and growing population in the region.
Deere & Company, CNH
Industrial, Agco, Mahindra & Mahindra, Maschinenfabrik Bernard Krone,
Yanmar Holdings, Lovol Heavy Industry, Lely International, and Sampo Rosenlew
are the major suppliers in the agricultural harvester market.
This unique research
report will enable you to make confident business decisions in this globally
competitive marketplace. For a detailed table of contents, contact Lucintel at
+1-972-636-5056 or write us at helpdesk@lucintel.com.
About Lucintel
At Lucintel, we offer solutions for
you growth through game changer ideas and robust market &
unmet needs analysis. We are based in
Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20
years. We are quoted in several publications like the Wall Street Journal, ZACKS,
and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. 972.636.5056
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