Press release
Agricultural Harvester Market Globally Grow at a CAGR of 7.33% by Revenue During the Forecast Period 2017-2020
ALBANY, NY, April 26, 2017 : The market is driven by a number of factors, with the shrinking labor force being one of the most important triggers. As a result of the shrinking labor force, farmers have to bear the significant business loss, especially at the time of harvesting and are investing in harvesters, which allow for highly efficient farming. An increase in government support and improved features in agricultural harvesters will also help the market grow over the next five years.Technavios analysts forecast the global agricultural harvester market to grow at a CAGR of 7.33% during the period 2016-2020.
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Covered in this report
The report covers the present scenario and the growth prospects of the global agricultural harvester market for 2016-2020. To calculate the market size, we have considered the total units (volume) of new harvesters sold across the globe in 2015. In addition, we have also covered the market size in terms of revenue.
The market is divided into the following segments based on geography:
Asia-Pacific (APAC)
Europe
North America
Rest of the world (ROW)
Technavio's report, Global Agricultural Harvester Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors
AGCO Corp.
Bernard Krone
CLAAS
CNH Industrial
Deere & Co.
Other prominent vendors
Alois Pottinger Maschinenfabrik Ges.m.b.H.
Dewulf
Foton Lovol International Heavy Industry
Kubota
Kuhn Group
Lely Group
Ploeger Agro
Preet Agro Industries
SAME Deutz-Fahr
Sampo Rosenlew
Market driver
Shrinking labor force
For a full, detailed list, view our report
Market challenge
Growing market for rented or pre-owned harvesters
For a full, detailed list, view our report
Market trend
Rising preference for machines with high capacity and power
For a full, detailed list, view our report
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Key questions answered in this report
What will the market size be in 2020 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?
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