Harvesting Machinery Market SWOT and PEST Analysis 2021-2031
The Harvesting Machinery Market is expected to register a CAGR of 8.1% from 2023 to 2031, with a market size expanding from US$ XX million in 2023 to US$ XX Million by 2031.
Harvesting Machinery Market covers analysis by Product (Crop Harvesting Machine, Fruits and Vegetable Harvesting Machine, Grain Harvesting Machine, Rootcrop Harvesting Machine, Threshers, Choppers, Balers); Farming Practice (Large-Scale Farming, Small-Scale Farming, Medium-Scale Farming) , and Geography (North America, Europe, Asia Pacific, and South and Central America)
Purpose of the ReportThe report Harvesting Machinery Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:
- Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
- Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
- Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.
Harvesting Machinery Market Segmentation
Product- Crop Harvesting Machine
- Fruits and Vegetable Harvesting Machine
- Grain Harvesting Machine
- Rootcrop Harvesting Machine
- Threshers
- Choppers
- Balers
- Large-Scale Farming
- Small-Scale Farming
- Medium-Scale Farming
Strategic Insights
Harvesting Machinery Market Growth Drivers- Increasing Demand for Customize Mechanization of Agriculture Machineries: The increasing demand for custom agricultural machineries is among the prime drivers in the harvesting machinery market. This factor driving demand for the harvesting machineries large-scale farming regions where the management of such extensive areas can be effectively done only when farmed with mechanization.
- Increased Food Product Demand Owing to Increase in Global Population: The world population is growing gradually; thus, there is a high demand for food crops across the globe. This has increased demand for efficient harvesting solutions to increase the agricultural output to meet the increasing population demands. Hence, food product manufacturers are now designing novel and advanced harvesting machineries with higher outputs at reduced labor costs.
- Technological Advances in the Agriculture Industry: High-technology usage in machinery used for harvesting is one big driving factor. For example, using GPS, IoT, and automation, it leads to better precision farming by offering a yield and increasing efficiency. In the meantime, an automated harvester could cut down on labor costs, allowing it to harvest crops more rapidly.
- Rising Technological Innovation: There is increased technological innovation in the harvesting machinery market, in the form of automation and precision agriculture technologies. The automation in the harvesting machineries increases the efficiency of the farmers. AI and machine learning are now becoming commonplace in the harvesting machinery market.
- Sustainability and Eco-Friendly Practices: Stronger sustainable farming practices have greatly influenced the design and functionality of the harvesting machinery, as farmers are looking for products that are good to the environment. Most of the manufacturers in the market nowadays focus on creating equipment that allows as little impact on the environment as possible; it may be the avoidance of machine soil compaction or fuel consumption.
- Smart Farming Solutions: Smart farming technologies provide an opportunity for manufacturers to develop harvesting machinery with IoT features. This facilitates improved monitoring and management of harvesting procedures along with better decision-making and operation efficiency to the farmer in real-time. With high economic growth and rising agricultural output, the emerging markets in the Asia-Pacific and Latin America regions hold high opportunities for the harvesting machinery market to grow and increase to meet the increased food production demand.
- Growing Trends of Replacement and Upgrades: There is growing demand for replacement for older harvesting machinery and upgrading for new products opportunities in developed markets, where farmers are interested in adopting more advanced and efficient technologies.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Harvesting Machinery Market, providing a holistic landscape.
- Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
- Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
- Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.
The research report on the Harvesting Machinery Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
REGIONAL FRAMEWORK
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
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to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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to country scope.
Frequently Asked Questions
Some of the customization options available based on the request are an additional 3-5 company profiles and country-specific analysis of 3-5 countries of your choice. Customizations are to be requested/discussed before making final order confirmation, as our team would review the same and check the feasibility.
The report can be delivered in PDF/PPT format; we can also share excel dataset based on the request.
The major players in the market includes AGCO Corporation, Alamo Group Inc., China National Machinery Industry Corporation, CNH Industrial N.V., CLAAS KGaA GmbH, Kubota Corp., Kuhn Group, Lely Group, Preet Agro Industries Pvt. Ltd., Ploeger Agro BV and Others
The high capital requirements to manufacture the harvesting machinery hinders the market growth.
The Harvesting Machinery Market is estimated to witness a CAGR of 8.1% from 2023 to 2031
The major factors driving the Harvesting Machinery Market are: Rising global population along with increased food products demand have created massive demand for the growth of the harvesting machinery Market.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Harvesting Machinery Market - By Product
1.3.2 Harvesting Machinery Market - By Farming Practice
1.3.3 Harvesting Machinery Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. HARVESTING MACHINERY MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. ECOSYSTEM ANALYSIS
4.4. EXPERT OPINIONS
5. HARVESTING MACHINERY MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS, RESTRAINTS & EXPECTED INFLUENCE OF COVID-19 PANDEMIC
6. HARVESTING MACHINERY MARKET - GLOBAL MARKET ANALYSIS
6.1. HARVESTING MACHINERY - GLOBAL MARKET OVERVIEW
6.2. HARVESTING MACHINERY - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. HARVESTING MACHINERY MARKET - REVENUE AND FORECASTS TO 2028 - PRODUCT
7.1. OVERVIEW
7.2. PRODUCT MARKET FORECASTS AND ANALYSIS
7.3. CROP HARVESTING MACHINE
7.3.1. Overview
7.3.2. Crop Harvesting Machine Market Forecast and Analysis
7.4. FRUITS AND VEGETABLE HARVESTING MACHINE
7.4.1. Overview
7.4.2. Fruits and Vegetable Harvesting Machine Market Forecast and Analysis
7.5. GRAIN HARVESTING MACHINE
7.5.1. Overview
7.5.2. Grain Harvesting Machine Market Forecast and Analysis
7.6. ROOTCROP HARVESTING MACHINE
7.6.1. Overview
7.6.2. Rootcrop Harvesting Machine Market Forecast and Analysis
7.7. THRESHERS
7.7.1. Overview
7.7.2. Threshers Market Forecast and Analysis
7.8. CHOPPERS
7.8.1. Overview
7.8.2. Choppers Market Forecast and Analysis
7.9. BALERS
7.9.1. Overview
7.9.2. Balers Market Forecast and Analysis
8. HARVESTING MACHINERY MARKET - REVENUE AND FORECASTS TO 2028 - FARMING PRACTICE
8.1. OVERVIEW
8.2. FARMING PRACTICE MARKET FORECASTS AND ANALYSIS
8.3. LARGE-SCALE FARMING
8.3.1. Overview
8.3.2. Large-Scale Farming Market Forecast and Analysis
8.4. SMALL-SCALE FARMING
8.4.1. Overview
8.4.2. Small-Scale Farming Market Forecast and Analysis
8.5. MEDIUM-SCALE FARMING
8.5.1. Overview
8.5.2. Medium-Scale Farming Market Forecast and Analysis
9. HARVESTING MACHINERY MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Harvesting Machinery Market Overview
9.1.2 North America Harvesting Machinery Market Forecasts and Analysis
9.1.3 North America Harvesting Machinery Market Forecasts and Analysis - By Product
9.1.4 North America Harvesting Machinery Market Forecasts and Analysis - By Farming Practice
9.1.5 North America Harvesting Machinery Market Forecasts and Analysis - By Countries
9.1.5.1 United States Harvesting Machinery Market
9.1.5.1.1 United States Harvesting Machinery Market by Product
9.1.5.1.2 United States Harvesting Machinery Market by Farming Practice
9.1.5.2 Canada Harvesting Machinery Market
9.1.5.2.1 Canada Harvesting Machinery Market by Product
9.1.5.2.2 Canada Harvesting Machinery Market by Farming Practice
9.1.5.3 Mexico Harvesting Machinery Market
9.1.5.3.1 Mexico Harvesting Machinery Market by Product
9.1.5.3.2 Mexico Harvesting Machinery Market by Farming Practice
9.2. EUROPE
9.2.1 Europe Harvesting Machinery Market Overview
9.2.2 Europe Harvesting Machinery Market Forecasts and Analysis
9.2.3 Europe Harvesting Machinery Market Forecasts and Analysis - By Product
9.2.4 Europe Harvesting Machinery Market Forecasts and Analysis - By Farming Practice
9.2.5 Europe Harvesting Machinery Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Harvesting Machinery Market
9.2.5.1.1 Germany Harvesting Machinery Market by Product
9.2.5.1.2 Germany Harvesting Machinery Market by Farming Practice
9.2.5.2 France Harvesting Machinery Market
9.2.5.2.1 France Harvesting Machinery Market by Product
9.2.5.2.2 France Harvesting Machinery Market by Farming Practice
9.2.5.3 Italy Harvesting Machinery Market
9.2.5.3.1 Italy Harvesting Machinery Market by Product
9.2.5.3.2 Italy Harvesting Machinery Market by Farming Practice
9.2.5.4 United Kingdom Harvesting Machinery Market
9.2.5.4.1 United Kingdom Harvesting Machinery Market by Product
9.2.5.4.2 United Kingdom Harvesting Machinery Market by Farming Practice
9.2.5.5 Russia Harvesting Machinery Market
9.2.5.5.1 Russia Harvesting Machinery Market by Product
9.2.5.5.2 Russia Harvesting Machinery Market by Farming Practice
9.2.5.6 Rest of Europe Harvesting Machinery Market
9.2.5.6.1 Rest of Europe Harvesting Machinery Market by Product
9.2.5.6.2 Rest of Europe Harvesting Machinery Market by Farming Practice
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Harvesting Machinery Market Overview
9.3.2 Asia-Pacific Harvesting Machinery Market Forecasts and Analysis
9.3.3 Asia-Pacific Harvesting Machinery Market Forecasts and Analysis - By Product
9.3.4 Asia-Pacific Harvesting Machinery Market Forecasts and Analysis - By Farming Practice
9.3.5 Asia-Pacific Harvesting Machinery Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Harvesting Machinery Market
9.3.5.1.1 Australia Harvesting Machinery Market by Product
9.3.5.1.2 Australia Harvesting Machinery Market by Farming Practice
9.3.5.2 China Harvesting Machinery Market
9.3.5.2.1 China Harvesting Machinery Market by Product
9.3.5.2.2 China Harvesting Machinery Market by Farming Practice
9.3.5.3 India Harvesting Machinery Market
9.3.5.3.1 India Harvesting Machinery Market by Product
9.3.5.3.2 India Harvesting Machinery Market by Farming Practice
9.3.5.4 Japan Harvesting Machinery Market
9.3.5.4.1 Japan Harvesting Machinery Market by Product
9.3.5.4.2 Japan Harvesting Machinery Market by Farming Practice
9.3.5.5 South Korea Harvesting Machinery Market
9.3.5.5.1 South Korea Harvesting Machinery Market by Product
9.3.5.5.2 South Korea Harvesting Machinery Market by Farming Practice
9.3.5.6 Rest of Asia-Pacific Harvesting Machinery Market
9.3.5.6.1 Rest of Asia-Pacific Harvesting Machinery Market by Product
9.3.5.6.2 Rest of Asia-Pacific Harvesting Machinery Market by Farming Practice
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Harvesting Machinery Market Overview
9.4.2 Middle East and Africa Harvesting Machinery Market Forecasts and Analysis
9.4.3 Middle East and Africa Harvesting Machinery Market Forecasts and Analysis - By Product
9.4.4 Middle East and Africa Harvesting Machinery Market Forecasts and Analysis - By Farming Practice
9.4.5 Middle East and Africa Harvesting Machinery Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Harvesting Machinery Market
9.4.5.1.1 South Africa Harvesting Machinery Market by Product
9.4.5.1.2 South Africa Harvesting Machinery Market by Farming Practice
9.4.5.2 Saudi Arabia Harvesting Machinery Market
9.4.5.2.1 Saudi Arabia Harvesting Machinery Market by Product
9.4.5.2.2 Saudi Arabia Harvesting Machinery Market by Farming Practice
9.4.5.3 U.A.E Harvesting Machinery Market
9.4.5.3.1 U.A.E Harvesting Machinery Market by Product
9.4.5.3.2 U.A.E Harvesting Machinery Market by Farming Practice
9.4.5.4 Rest of Middle East and Africa Harvesting Machinery Market
9.4.5.4.1 Rest of Middle East and Africa Harvesting Machinery Market by Product
9.4.5.4.2 Rest of Middle East and Africa Harvesting Machinery Market by Farming Practice
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Harvesting Machinery Market Overview
9.5.2 South and Central America Harvesting Machinery Market Forecasts and Analysis
9.5.3 South and Central America Harvesting Machinery Market Forecasts and Analysis - By Product
9.5.4 South and Central America Harvesting Machinery Market Forecasts and Analysis - By Farming Practice
9.5.5 South and Central America Harvesting Machinery Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Harvesting Machinery Market
9.5.5.1.1 Brazil Harvesting Machinery Market by Product
9.5.5.1.2 Brazil Harvesting Machinery Market by Farming Practice
9.5.5.2 Argentina Harvesting Machinery Market
9.5.5.2.1 Argentina Harvesting Machinery Market by Product
9.5.5.2.2 Argentina Harvesting Machinery Market by Farming Practice
9.5.5.3 Rest of South and Central America Harvesting Machinery Market
9.5.5.3.1 Rest of South and Central America Harvesting Machinery Market by Product
9.5.5.3.2 Rest of South and Central America Harvesting Machinery Market by Farming Practice
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. HARVESTING MACHINERY MARKET, KEY COMPANY PROFILES
11.1. AGCO CORPORATION
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. BUCHER INDUSTRIES AG
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. CLAAS KGAA MBH
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. CNH INDUSTRIAL N.V.
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. DEERE AND COMPANY
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. DEWULF
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. KUBOTA CORPORATION.
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. PLOEGER MACHINES BV
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. PÖTTINGER LANDTECHNIK GMBH
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. PREET GROUP
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1. AGCO Corporation
2. Bucher Industries AG
3. CLAAS KGaA mbH
4. CNH Industrial N.V.
5. Deere and Company
6. Dewulf
7. KUBOTA Corporation.
8. Ploeger Machines BV
9. PÖTTINGER Landtechnik GmbH
10. PREET GROUP
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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