Latest News:- Agricultural Harvester Market: Combine harvesters is expected to lead the Product segment during 2024-2028

Agricultural Harvester Market to grow at a CAGR of 8.39% during 2024-2028

The Agricultural Harvester Market is expected to grow at a CAGR of 8.39% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 25373.6 million. In the agricultural industry, self-propelled forage harvesters (SPFHs) are essential for maximizing crop yields and reducing harvesting time. Operating an SPFH involves numerous tasks, including filling transport trucks, coordinating machine logistics, monitoring performance, and optimizing throughput. These responsibilities can distract operators from the core functionality of the harvester. Leading manufacturers, such as Deere, recognize this challenge and are innovating to streamline operations. Deere's 9000 Series SPFHs incorporate advanced features like a 3D camera and Active Fill Control, which minimize the time operators spend on truck filling, allowing them to focus on the harvester's primary functions and enhancing overall operational efficiency. 

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The Combine harvesters subsegment is expected to dominate the Product segment during the forecast period 

Technavio analysts predict that the Combine harvesters subsegment will lead the Product segment during 2024 and 2028 The Agricultural Harvester Market represents a significant business sector, characterized by continuous innovation and growth. Key players in this market offer advanced technology harvesters, enhancing agricultural productivity and efficiency. Market trends include automation, precision farming, and machine learning applications. Growing global population and food demand fuel market expansion, making it an attractive investment opportunity for businesses.

Here are the various ways based on which the market is segmented: 

• Product
  • Combine harvesters
  • Forage harvesters
• Type
  • Four-wheel drive harvesters
  • Two-wheel drive harvesters
• Geography
  • Europe
  • North America
  • APAC
  • South America
  • Middle East and Africa

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• Wealth of Experience: Technavio is an established name in the world of market research. It holds an expertise of more than 20 years in the field, has published 21,000+ reports thereby extensively covering the area in various industries and range of regions
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There are several factors that are causing the market to flourish farm labor shortage in agriculture sector

Learn which are the obstacles that the market is experiencing in the way of its growth by accessing the free PDF report

Research Analysis Overview

The Agricultural Harvester Market is witnessing significant growth due to the increasing demand for farm equipment and farm mechanization in the agricultural sector. With the focus on increasing wheat and grain production in developing economies, combine harvesters have become essential mechanical means for farmers to improve their yield and product quality. Combine harvesters are essential farm machinery used for the reaping, threshing, and cleaning of grains such as wheat, barley, oats, and rice. These harvesters come in various sizes, with grain tank sizes ranging from 10 to 40 tons. The latest combine harvesters offer increased process speed, improved product quality, and labor savings. New Holland Fiat, John Deere, and Caterpillar are some of the leading manufacturers in the agricultural machinery industry. Labor scarcity is a significant challenge for farmers, and the use of combine harvesters can help address this issue by reducing the need for manual labor. Moreover, the increased yield and improved quality of yield make combine harvesters a worthwhile investment for farmers looking to boost their agricultural production.

Market Research Overview

The global agricultural and farm machinery market encompasses businesses engaged in the production of agricultural and farm machinery, as well as associated components. This sector comprises a range of equipment, including agricultural tractors, haying machinery, harvesting machinery, planting machinery, livestock machinery, spraying machinery, tillage machinery, and irrigation systems. According to Technavio, the market size is determined by the revenues generated by the manufacturers of these various agricultural and farm machinery types. Key growth drivers for this market include the increasing number of new product launches from industry players, who are expanding their offerings to cater to evolving agricultural needs.

The Agricultural Harvester Market is experiencing significant growth, fueled by the farm labor shortage in agriculture sector. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

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