Harvesting Machinery Market: Current Trends, Opportunities and Challenges

Harvesting machinery is used to gather mature crops from the farmland. These machines perform various actions such as cutting, winnowing and threshing concurrently. Harvesting machinery is mostly used for agricultural purposes. They can be broadly classified into machines such as tree crop, root crop, row crop, grain & seed crop and hay & silage. Harvesting machines such as crushers, choppers and balers are used to control population of weeds. They are extensively used for the cultivation of silages.
Increased demand for rising harvesting machinery in order to improve the efficiency of agricultural purposes is one chief reason responsible for driving the harvesting machinery market. In addition, there is increased pressure on the arable lands due to the rising demand for food grains, which fuels the growth of this market.

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Moreover, technological advancements in this market such as usage of, global positioning sensors and cameras have lead to creation of automated multitasking machines thereby increasing its demand. One of the major aspect restraining this market is the rising capital investment and large amount of power consumption required for the harvesting machinery. Due to the above factors, the industry is shifting towards manufacturing machines which make use of biobased products such as biofuels which is expected to open new opportunities for the growth of this market.
On account of the increased automation and high labor cost the U.S. is the largest market. In addition, emerging regions such as Asia Pacific and Europe are expected to gain a good position in the harvesting machinery market owing to the low levels of farm mechanization and usage of traditional improficient machinery. Some of the key players in this market include John Deere, AGCO Corp., Sampo Rosenlew Ltd., Preet Agro Industries Pvt. Ltd., Deere & Company, Kubota and Dewulf NV among others.

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This report is a complete study of current trends in the market, industry growth drivers, and restraints. It provides market projections for the coming years. It includes analysis of recent developments in technology, Porter’s five force model analysis and detailed profiles of top industry players. The report also includes a review of micro and macro factors essential for the existing market players and new entrants along with detailed value chain analysis.

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