Harvesting Equipment Market 2020 Will Grow at Healthy CAGR of 4.0% by 2027 With Global Players - Deere & Company.; CNH INDUSTRIAL N.V.; AGCO Corporation

Market Insights
The demand for harvesting equipment is projected to expand at a growth rate of 4.0% in the 2021 to 2028 forecast period. Increased need for high-quality harvests with increased productivity and yield, which in the 2021-2028 forecast period will serve as a driver for the demand for harvesting equipment.
To gather mature crops from the farmland, harvesting machinery is used. These devices perform different acts such as chopping, winnowing and threshing simultaneously. For agricultural purposes, harvesting equipment is often used and to control the weed population and silage cultivation, harvesting machines such as crushers, choppers and balers are used.
The increasing preferences towards the usages of harvesting machinery to enhance the efficiency of agricultural purposes, rising pressure on the arable land to meet the need of food grains, growing number of favourable government initiatives and subsidies, increasing awareness among the farmers regarding the benefits of the products and equipment are some of the major as well as vital factors which will likely to augment the growth of the harvesting equipment market in the projected timeframe of 2021-2028. On the other hand, technological advancement such as rising usages of positioning sensor and cameras along with rising demand of biofuels which will further contribute by generating immense opportunities that will led to the growth of the harvesting equipment market in the above mentioned projected timeframe.

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The increasing need of high capital investment along with large amount of power consumption which will likely to act as market restraint factors for the growth of the harvesting equipment in the above mentioned projected timeframe. Lack of awareness among the people regarding the benefits of product in developing economies which will become the biggest and foremost challenge for the growth of the market.

Major Market Players Covered in The Harvesting Equipment Market Are:
The major players covered in the harvesting equipment report are Deere & Company.; CNH INDUSTRIAL N.V.; AGCO Corporation.; CLAAS KGaA mbH; Mahindra & Mahindra Ltd.; Krone NA, Inc.; YANMAR HOLDINGS CO., LTD.; KUBOTA Corporation; Tractors and Farm Equipment Limited; Bernard Krone Holding SE & Co. KG; Sampo-Rosenlew Oy; PREET GROUP.; Dewulf NV; Alamo Group Inc.; daedong; Escorts Limited.; Exel Industries; Lovol Heavy Industry CO.,LTD.; HORSCH Maschinen GmbH; Komatsu Ltd.; among other domestic and global players. Market share data is available for Global, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analyst understands competitive strengths and provides competitive analysis for each competitor separately.

The U.S. dominates the North America harvesting equipment market due to the growing number of technological advancement such as the usage of global positioning sensor and cameras in the region while Asia-Pacific and Europe will expect to grow in the forecast period of 2021-2028 due to the low level of farm mechanization along with prevalence of subsidies from the government for investing in advanced equipment to enhance the productivity in the region.

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Global Harvesting Equipment Market Scope and Segments
Harvesting equipment market is segmented on the basis of equipment type, farming practice and crop type. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
• On the basis of equipment type, the harvesting equipment market is segmented into self-propelled riding type vertical conveyor reaper, tractor mounted vertical conveyor reaper, tractor mounted combine harvester, self-propelled combine harvester, self-propelled reaper binder, groundnut digger shaker/harvester, coconut tree climber, banana harvester (chopper), tea plucking machine, turmeric harvester/ digger, tapioca harvester, and sugarcane harvester.
• Based on farming practice, the harvesting equipment market is segmented into large-scale farming, small-scale farming, and medium-scale farming.
• The harvesting equipment market is also segmented on the basis of crop type. The crop type is segmented into wheat, oats, rye, barley, corn, sorghum, and barley.

Regional Analysis
• Middle East and Africa
• North America
• South America
• Europe
• Asia-Pacific

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Strategic Points Covered in Table of Content of Global Harvesting Equipment Market:
1. Introduction
2. Market Segmentation
3. Market Overview
4. Executive Summary
5. Premium Insights
6. By Component
7. Product Type
8. Delivery
9. Industry Type
10. Geography
11. Company Landscape
12. Company Profiles
13. Related Reports

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