Press release

Global Agricultural Harvester Market 2019-2023 | 8% CAGR Projection over the Next Five Years | Technavio

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The global agricultural harvester market is expected to post a CAGR of
about 8% during the period 2019-2023, according to the latest market
research report by Technavio.

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Technavio has published a new market research report on the global agricultural harvester market fro ...

Technavio has published a new market research report on the global agricultural harvester market from 2019-2023. (Graphic: Business Wire)

A key factor driving the growth of the global agricultural harvester
market is the growing awareness of the advantages of agricultural
harvesters and technological advancements in agricultural machinery.
Farmers increasingly prefer using agricultural harvesters, including
forage harvesters and combine harvesters to avoid crop wastage and
improve efficiency. These harvesters can often combine three separate
operations, including harvesting, threshing, and winnowing in a single
process while reducing labor cost and time. Furthermore, the growing
demand for technologically advanced products has also encouraged vendors
to offer customized harvesters that ensure maximum yield of high quality
through the integration of advanced features. Thus, technological
advancements, coupled with the benefits of agricultural harvesters will
drive the agricultural harvester market growth during the forecast

As per Technavio, the growth in popularity of self-propelled forage
harvesters with 3D will have a positive impact on the market and
contribute to its growth significantly over the forecast period. This global
agricultural harvester market 2019-2023
research report
also analyzes other significant trends and market drivers that will
affect market growth over 2019-2023.

Global agricultural harvester market: Growth in
popularity of self-propelled forage harvesters with 3D

Several agricultural harvester manufacturers are focusing on delivering
self-propelled forage harvesters (SPFH) with 3D features to increase the
operational efficiency of the equipment while reducing the workload of
operators. These self-propelled forage harvesters are equipped with a 3D
camera, with Active Fill Control, which reduces the amount of time spent
by operators on monitoring the truck filling process. Active Fill
Control further includes an additional light-emitting diode (LED) spout
light package to ensure steady filling even in darkness and extreme
weather conditions.

“Governments in various countries, including the US, India, Brazil,
and China, are increasingly emphasizing on the development of the
agricultural sector by providing financial support to the farmers. The
financial support from the government allows the farmers to purchase
agriculture equipment including agricultural harvesters to ensure
efficient production of crops and silages of higher quality,”
says a
senior research analyst at Technavio.

Global agricultural harvester market:
Segmentation analysis

This market research report segments the global agricultural harvester
market by product (combine harvesters and forage harvesters) and
geographic regions (Europe, North America, APAC, South America, and MEA).

Europe led the market in 2018, followed by North America, APAC, South
America, and MEA respectively. The market growth in Europe can be
attributed to the farm labor shortage and government initiatives for
supporting agricultural mechanization. Furthermore, several programs for
encouraging young people to become the next generation of European
farmers is expected to drive the agricultural harvester market growth
during the forecast period.

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Some of the key topics covered in the report include:

Market Landscape

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

Market Sizing

  • Market definition
  • Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

  • Regional comparison
  • Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Competitive scenario

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