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Harvester Market Trends

Report ID: GMI5305
Published Date: Aug 2022
Report Format: PDF

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Harvester Market Trends

Autonomous harvesting solutions are a pivotal trend propelling the harvester industry forward. These innovations offer unparalleled efficiency by eliminating the need for human intervention, resulting in labor savings and enhanced productivity. Farmers increasingly value the precision and reliability of autonomous harvesters, leading to widespread adoption. As technology continues to advance, the trend toward autonomy streamlined the harvesting process and positioned the market at the forefront of agricultural innovation.

For instance, in 2023, Rancher introduced Harvester v1.2.0, showcasing expanded capabilities that go beyond, offering a comprehensive infrastructure solution for users seeking advanced features and enhanced performance. This marks a notable achievement in the landscape of the latest harvesters, expanding market presence.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The harvester industry was valued at USD 36.6 billion in 2023 and is estimated to register a CAGR of 6.9% between 2024 and 2032, driven by heightened environmental awareness and stringent regulations.

The combine harvesters segment held the dominant market share in 2023 and is anticipated to grow at a steady rate through 2032 driven by technological advancements and a focus on performance optimization.

Asia Pacific Harvester industry generated a robust revenue in 2023 and is anticipated to showcase sustained growth through 2032 driven by strong presence of key manufacturers in the region and a focus on technological advancements.

Deere & Company, CNH Industrial NV, CLAAS KGaA mbH, Kubota, AGCO Corporation are some of the major industry contenders.