Global Agricultural Harvesting Machinery Market Size (2024 - 2029)

The market size for agricultural harvesting machinery is experiencing growth driven by factors such as a shortage of farm labor, technological advancements, and supportive government subsidy policies in developing regions. However, the market expansion is somewhat hindered by the high initial investment required and a preference among some farmers for traditional plowing methods.

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Market Size of Global Agricultural Harvesting Machinery Industry

agricultural harvesting market
Study Period 2019 - 2029
Market Size (2024) USD 25.47 Billion
Market Size (2029) USD 37.08 Billion
CAGR (2024 - 2029) 7.80 %
Fastest Growing Market Asia Pacific
Largest Market North America

Major Players

agricultural harvesting market size

*Disclaimer: Major Players sorted in no particular order

Harvesting Machinery Market Analysis

The Global Agricultural Harvesting Machinery Market size is estimated at USD 25.47 billion in 2024, and is expected to reach USD 37.08 billion by 2029, growing at a CAGR of 7.80% during the forecast period (2024-2029).

  • The acute shortage of farm labor, the technological advancements in agricultural machinery and various government backedsubsidy policies supporting the purchase of farming machinery in developing economies such as India is driving the market growth for harvestors.
  • The high initial capital cost and more inclination of farmers towards traditinal plowing methods are some of the factors restraining the market growth.
  • Deere & Company (John Deere), AGCO Corporation, CNH Industrial N.V and Mahindra & Mahindra Limited are some of the major players who have their presence in this market.

Harvesting Machinery Industry Segmentation

The report includes all harvesters, like self propelled harvesters, tractor powered combine harvesters, and track combine harvesters, among others, used majorly in the crop harvest management. It also includes detailed study of the key players, with their current strategic interests and key financial performance indicators is also there in the study. The profiles of active major players and their business strategies, provide decisive information towards developing a competitive strategy for new/existing players.

By Machinery
Combine Harvester
Forage Harvester
Sugar cane Harvester
Other Harvestors
Geography
North America
US
Canada
Mexico
Rest of North America
Europe
Germany
UK
France
Russia
Spain
Rest of Europe
Asia Pacific
India
China
Japan
Rest of Asia Pacific
South America
Brazil
Argentina
Rest of South America
Africa
South Africa
Rest of Africa
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Global Agricultural Harvesting Machinery Market Size Summary

The global agricultural harvesting machinery market is poised for significant growth, driven by factors such as the acute shortage of farm labor and technological advancements in agricultural machinery. Government-backed subsidy policies in developing economies, like India, are further propelling market expansion by encouraging the adoption of modern farming equipment. Despite challenges such as high initial capital costs and a preference for traditional farming methods among some farmers, the market is witnessing a shift towards advanced harvesting technologies. These innovations include electronic sensing for monitoring harvest loads and cloud-based processing for yield and quality mapping, which are becoming increasingly integral to modern farming practices.

The demand for harvesters is expected to rise as precision farming technologies gain traction, with a notable increase in the import value of technologically advanced harvesters in regions like Europe. The global market is characterized by a mix of international and regional players, with major companies such as Deere & Company, AGCO Corporation, CNH Industrial N.V, and Mahindra & Mahindra Limited leading the charge. These companies are focusing on product innovation to meet diverse customer needs across various regions. Government initiatives, such as India's farm mechanization programs, are further supporting the market by providing subsidies to farmers, thereby enhancing the adoption of harvesting machinery and driving market growth during the forecast period.

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Global Agricultural Harvesting Machinery Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Overview

    2. 1.2 Market Drivers

    3. 1.3 Market Restraints

    4. 1.4 Porters five Force Analysis

      1. 1.4.1 Threat of New Entrants

      2. 1.4.2 Bargaining Power of Buyers/Consumers

      3. 1.4.3 Bargaining Power of Suppliers

      4. 1.4.4 Threat of Substitute Products

      5. 1.4.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION

    1. 2.1 By Machinery

      1. 2.1.1 Combine Harvester

      2. 2.1.2 Forage Harvester

      3. 2.1.3 Sugar cane Harvester

      4. 2.1.4 Other Harvestors

    2. 2.2 Geography

      1. 2.2.1 North America

        1. 2.2.1.1 US

        2. 2.2.1.2 Canada

        3. 2.2.1.3 Mexico

        4. 2.2.1.4 Rest of North America

      2. 2.2.2 Europe

        1. 2.2.2.1 Germany

        2. 2.2.2.2 UK

        3. 2.2.2.3 France

        4. 2.2.2.4 Russia

        5. 2.2.2.5 Spain

        6. 2.2.2.6 Rest of Europe

      3. 2.2.3 Asia Pacific

        1. 2.2.3.1 India

        2. 2.2.3.2 China

        3. 2.2.3.3 Japan

        4. 2.2.3.4 Rest of Asia Pacific

      4. 2.2.4 South America

        1. 2.2.4.1 Brazil

        2. 2.2.4.2 Argentina

        3. 2.2.4.3 Rest of South America

      5. 2.2.5 Africa

        1. 2.2.5.1 South Africa

        2. 2.2.5.2 Rest of Africa

Global Agricultural Harvesting Machinery Market Size FAQs

The Global Agricultural Harvesting Machinery Market size is expected to reach USD 25.47 billion in 2024 and grow at a CAGR of 7.80% to reach USD 37.08 billion by 2029.

In 2024, the Global Agricultural Harvesting Machinery Market size is expected to reach USD 25.47 billion.

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