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Agricultural Harvester Market - Key Market Dynamics:
Market Driver
- The key factor driving the agricultural harvester market growth is the farm labor shortage in the agriculture sector. The US, the UK, and India are among the countries facing a severe farm labor shortage, due to which the farmers in these countries are moving toward the mechanization of agriculture.
- California is one of the largest food producers in the US; the state accounted for more than 13% of the country's total agricultural value in 2019. However, California is facing a severe labor shortage, according to the California Farm Bureau Federation (CFBF) in the US.
- India is the other major country facing a farm labor shortage. Moreover, farm labor wages in the country increased by around 108% in 2018 from 2011. Hence, farmers in India are leaning toward the adoption of farm equipment such as agricultural harvesters.
- The adoption of agricultural harvesters in India will be high during the forecast period. Overall, the shortage of labor and an increase in labor wages will be major factors driving the adoption of agricultural harvesters in the global market during the forecast period.
Market Challenges
- High initial and operating costs of agriculture harvesters are one of the key challenges hindering the agricultural harvester market growth.
- The proper operation of agriculture harvesters is largely dependent on the product knowledge of the operator. For instance, the improper use of sugarcane harvesters can damage their rotating shafts, gears, chains, and belts, which increases the operating expenses for farmers. Sugarcane harvesters are equipped with sharp knives, which operate at high speeds. Some models are also equipped with built-in knife sharpeners, which require shields for removal. Hence, they must be handled safely.
- Similarly, agricultural harvesters require regular inspection to ensure proper functioning during harvest. Appropriate care includes the inspection of the machine before harvest and special attention to trouble spots with excessive wear during use. Any deviation from the regular maintenance schedule will lead to malfunction.
- Therefore, the high initial cost and operating expenses associated with agricultural harvesters are expected to be major challenges in the global agricultural harvester market during the forecast period.
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Agricultural Harvester Market - Segmentation Assessment
- The agricultural harvester market report is segmented by Product (combine harvesters and forage harvesters) and Geographic (Europe, North America, APAC, South America, and MEA).
- Revenue Generating Segment: The agricultural harvester market share growth by the combined harvesters will be significant for revenue generation. Combine harvester manufacturers are offering several new products with high-power engines, which enables fuel efficiency and better return on investment. TUCANO 450-320 combine harvester, offered by CLAAS, has a grain tank capacity of up to 10,000 liters. Thus, such product innovations will further spur the demand for combined harvesters in the global agricultural harvester market during the forecast period.
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Agricultural Harvester Market - Vendor Assessment
The agricultural harvester market is fragmented and the vendors are deploying growth strategies such as organic and inorganic strategies to compete in the market.
- AGCO Corp.
- Bernard KRONE Holding SE & Co. KG
- CLAAS KGaA mbH
- CNH Industrial NV
- Deere & Co.
- Kubota Corp.
- Mahindra & Mahindra Ltd.
- PREET Group
- Tractors and Farm Equipment Ltd.
- Yanmar Holdings Co. Ltd.
- To gain access to more vendor profiles with their key offerings available with Technavio, Click Here
Related Reports:
- The cotton harvester market share is expected to increase to USD 712.97 million from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 4.78%.
- The agricultural testing market share is expected to increase by USD 2.10 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 6.25%.
Agricultural Harvester Market Scope |
Report Coverage |
Details |
Page number |
120 |
Base year |
2020 |
Forecast period |
2021-2025 |
Growth momentum & CAGR |
Accelerate at a CAGR of 7.51% |
Market growth 2021-2025 |
USD 17.83 billion |
Market structure |
Fragmented |
YoY growth (%) |
6.75 |
Regional analysis |
Europe, North America, APAC, South America, and MEA |
Performing market contribution |
Europe at 33% |
Key consumer countries |
US, Germany, Canada, France, UK, and China |
Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
Companies profiled |
AGCO Corp., Bernard KRONE Holding SE & Co. KG, CLAAS KGaA mbH, CNH Industrial NV, Deere & Co., Kubota Corp., Mahindra & Mahindra Ltd., PREET Group, Tractors and Farm Equipment Ltd., and Yanmar Holdings Co. Ltd. |
Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Key Topics Covered:
1 Executive Summary
2 Market Landscape
- 2.1 Market ecosystem
- Exhibit 01: Parent market
- Exhibit 02: Market characteristics
- 2.2 Value chain analysis
- Exhibit 03: Value chain analysis: Agricultural and farm machinery market
3 Market Sizing
- 3.1 Market definition
- Exhibit 04: Offerings of vendors included in the market definition
- 3.2 Market segment analysis
- Exhibit 05: Market segments
- 3.4 Market outlook: Forecast for 2020 - 2025
- Exhibit 06: Global - Market size and forecast 2020 - 2025 ($ billion)
- Exhibit 07: Global market: Year-over-year growth 2020 - 2025 (%)
4 Five Forces Analysis
- 4.1 Five forces analysis
- Exhibit 08: Five forces analysis 2020 & 2025
- 4.2 Bargaining power of buyers
- Exhibit 09: Bargaining power of buyers
- 4.3 Bargaining power of suppliers
- Exhibit 10: Bargaining power of suppliers
- 4.4 Threat of new entrants
- Exhibit 11: Threat of new entrants
- 4.5 Threat of substitutes
- Exhibit 12: Threat of substitutes
- 4.6 Threat of rivalry
- Exhibit 13: Threat of rivalry
- 4.7 Market condition
- Exhibit 14: Market condition - Five forces 2020
5 Market Segmentation by Product
- 5.1 Market segments
- Exhibit 15: Product - Market share 2020-2025 (%)
- 5.2 Comparison by Product
- Exhibit 16: Comparison by Product
- 5.3 Combine harvesters - Market size and forecast 2020-2025
- Exhibit 17: Combine harvesters - Market size and forecast 2020-2025 ($ billion)
- Exhibit 18: Combine harvesters - Year-over-year growth 2020-2025 (%)
- 5.4 Forage harvesters - Market size and forecast 2020-2025
- Exhibit 19: Forage harvesters - Market size and forecast 2020-2025 ($ billion)
- Exhibit 20: Forage harvesters - Year-over-year growth 2020-2025 (%)
- 5.5 Market opportunity by Product
- Exhibit 21: Market opportunity by Product
6 Customer landscape
7 Geographic Landscape
- 7.1 Geographic segmentation
- Exhibit 23: Market share by geography 2020-2025 (%)
- 7.2 Geographic comparison
- Exhibit 24: Geographic comparison
- 7.3 Europe - Market size and forecast 2020-2025
- Exhibit 25: Europe - Market size and forecast 2020-2025 ($ billion)
- Exhibit 26: Europe - Year-over-year growth 2020-2025 (%)
- 7.4 North America - Market size and forecast 2020-2025
- Exhibit 27: North America - Market size and forecast 2020-2025 ($ billion)
- Exhibit 28: North America - Year-over-year growth 2020-2025 (%)
- 7.5 APAC - Market size and forecast 2020-2025
- Exhibit 29: APAC - Market size and forecast 2020-2025 ($ billion)
- Exhibit 30: APAC - Year-over-year growth 2020-2025 (%)
- 7.6 South America - Market size and forecast 2020-2025
- Exhibit 31: South America - Market size and forecast 2020-2025 ($ billion)
- Exhibit 32: South America - Year-over-year growth 2020-2025 (%)
- 7.7 MEA - Market size and forecast 2020-2025
- Exhibit 33: MEA - Market size and forecast 2020-2025 ($ billion)
- Exhibit 34: MEA - Year-over-year growth 2020-2025 (%)
- 7.8 Key leading countries
- Exhibit 35: Key leading countries
- 7.9 Market opportunity by geography
- Exhibit 36: Market opportunity by geography ($ billion)
8 Drivers, Challenges, and Trends
- 8.2 Market challenges
- Exhibit 37: Impact of drivers and challenges
9 Vendor Landscape
- 9.2 Vendor landscape
- Exhibit 38: Vendor landscape
- 9.3 Landscape disruption
- Exhibit 39: Landscape disruption
- Exhibit 40: Industry risks
10 Vendor Analysis
- 10.1 Vendors covered
- Exhibit 41: Vendors covered
- 10.2 Market positioning of vendors
- Exhibit 42: Market positioning of vendors
- 10.3 AGCO Corp.
- Exhibit 43: AGCO Corp. - Overview
- Exhibit 44: AGCO Corp. - Business segments
- Exhibit 45: AGCO Corp. - Key news
- Exhibit 46: AGCO Corp. - Key offerings
- Exhibit 47: AGCO Corp. - Segment focus
- 10.4 Bernard KRONE Holding SE & Co. KG
- 10.5 CLAAS KGaA mbH
- Exhibit 52: CLAAS KGaA mbH - Overview
- Exhibit 53: CLAAS KGaA mbH - Business segments
- Exhibit 54: CLAAS KGaA mbH - Key news
- Exhibit 55: CLAAS KGaA mbH - Key offerings
- 10.6 CNH Industrial NV
- Exhibit 56: CNH Industrial NV - Overview
- Exhibit 57: CNH Industrial NV - Business segments
- Exhibit 58: CNH Industrial NV - Key news
- Exhibit 59: CNH Industrial NV - Key offerings
- Exhibit 60: CNH Industrial NV - Segment focus
- 10.7 Deere & Co.
- Exhibit 61: Deere & Co. - Overview
- Exhibit 62: Deere & Co. - Business segments
- Exhibit 63: Deere & Co. - Key news
- Exhibit 64: Deere & Co. - Key offerings
- Exhibit 65: Deere & Co. - Segment focus
- 10.8 Kubota Corp.
- Exhibit 66: Kubota Corp. - Overview
- Exhibit 67: Kubota Corp. - Business segments
- Exhibit 68: Kubota Corp. - Key news
- Exhibit 69: Kubota Corp. - Key offerings
- Exhibit 70: Kubota Corp. - Segment focus
- 10.9 Mahindra & Mahindra Ltd.
- Exhibit 71: Mahindra & Mahindra Ltd. - Overview
- Exhibit 72: Mahindra & Mahindra Ltd. - Business segments
- Exhibit 73: Mahindra & Mahindra Ltd. - Key news
- Exhibit 74: Mahindra & Mahindra Ltd. - Key offerings
- Exhibit 75: Mahindra & Mahindra Ltd. - Segment focus
- 10.10 PREET Group
- Exhibit 76: PREET Group - Overview
- Exhibit 77: PREET Group - Product and service
- Exhibit 78: PREET Group - Key offerings
- 10.11 Tractors and Farm Equipment Ltd.
- Exhibit 79: Tractors and Farm Equipment Ltd. - Overview
- Exhibit 80: Tractors and Farm Equipment Ltd. - Product and service
- Exhibit 81: Tractors and Farm Equipment Ltd. - Key offerings
- 10.12 Yanmar Holdings Co. Ltd.
- Exhibit 82: Yanmar Holdings Co. Ltd. - Overview
- Exhibit 83: Yanmar Holdings Co. Ltd. - Product and service
- Exhibit 84: Yanmar Holdings Co. Ltd. - Key news
- Exhibit 85: Yanmar Holdings Co. Ltd. - Key offerings
11 Appendix
- 11.2 Currency conversion rates for US$
- Exhibit 86: Currency conversion rates for US$
- 11.3 Research methodology
- Exhibit 87: Research Methodology
- Exhibit 88: Validation techniques employed for market sizing
- Exhibit 89: Information sources
- 11.4 List of abbreviations
- Exhibit 90: List of abbreviations
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