Agricultural Harvesting Machinery Market Competitive Insights and Precise Outlook 2020-2026
The Global Agricultural Harvesting Market is projected to grow at a CAGR of 7.8% during the forecast period (2020-2025).
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Key Market Players:
Deere & Company (John Deere), AGCO Corporation, CNH Industrial N.V and Mahindra & Mahindra Limited and Other
The leading players of the Agricultural Harvesting Machinery industry, their market share, product portfolio, company profiles are covered in this report. The leading market players are analyzed on the basis of production volume, gross margin, market value, and price structure. The competitive market scenario among Agricultural Harvesting Machinery players will help the industry aspirants in planning their strategies. The statistics offered in this report will be a precise and useful guide to shape business growth.
1 June 2020: Massey Ferguson, a worldwide brand of AGCO (NYSE:AGCO), is proud to announce the introduction of its new MF 4700 M Series, which includes three new models from 82hp to 100hp and all come with the option of a completely new Dyna-2, 24 x 24 Powershift transmission.
Key Market Trends
Precision Farming for Quality Harvest
The need for quality harvest with an increased yield and productivity has led to the evolution of several advanced farming technologies in harvesters, such as increased electronic sensing to monitor harvest load, cloud-based processing for yield, and quality maps, among others. According to CEMA, 70%-80% of the new agricultural machinery and harvesters sold have been found to be equipped with precision farming technology. The increasing demand for harvesters equipped with technologically developed tools is further reflected through the total import value of combine harvesters in the region such as Europe, where imports rose from USD 3.41 million in 2016 to USD 4.10 million in 2018. As such, the ongoing trend of precision farming is projected to increase the demand for harvesters duing the forecast period.
Asia Pacific is the Fastest growing market
The acute shortage of labor resources for agricultural activities, owing to the lucrative opportunities in the growing industrial sector, is the major factor driving the growth of agricultural machinery equipment, such as harvesters in the region. In additin to this various governments are providing subsidies to farmers for investing in better equipment to efficiently meet the needs for higher productivity. For instance, Government of India inititated various farm mechanization programs in the country through the schemes, such Rashtriya Krishi Vikas Yojna (RKVY) and Mechanisation, under the National Food Security Mission (NFSM). Through these schemes, the government is encouraging farmers to purchase farm machinery, such as harvesters, by providing a subsidy. Thus, the demand for harvestor machines is projected to increase further with number of international companies launching their harvesting machinery by expanding their business in the region during the forecast period.
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The market factors explained in the report:
Market Overview: It includes Agricultural Harvesting Machinery Market study scope, top key players, segments, market analysis by application, market analysis by type, and other chapters that give an overview of the research study.
Executive Summary: The Agricultural Harvesting Machinery Market report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.
Regional Study: All of the regions and countries analyzed in the Agricultural Harvesting Machinery Market report is studied on the basis of market size by application, the market size by product, key players, and market forecast.
Key Players: This part of the Agricultural Harvesting Machinery Market report discusses expansion plans of companies, key mergers and acquisitions, funding and investment analysis, company establishment dates, revenues of manufacturers, and their areas served and manufacturing bases.
Market Forecast: Here, the report offers a complete forecast of the global Agricultural Harvesting Machinery Market by product, application, and region. It also offers global sales and revenue forecasts for all years of the forecast period.
The research includes historic data from 2014 to 2019 and forecasts until 2026 which makes the report an invaluable resource for industry executives, marketing, sales and product managers, consultants, analysts, and stakeholders looking for key industry data in readily accessible documents with clearly presented tables and graphs.
Customization of the Report: This report can be customized as per your needs for additional data up to 3 companies or countries or 40 analyst hours.
Note: All the reports that we list have been tracking the impact of COVID-19 on the market. Both upstream and downstream of the entire supply-chain has been accounted for while doing this. Also, where possible, we will provide an additional COVID-19 update supplement/report to the report in Q3, please check for with the sales team.
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