CRI Report: harvesting equipment market to be $30.11 BLN in 2027
harvesting equipment market
The global harvesting equipment market is estimated to reach $30.11 billion in 2027, reveals the premium market intelligence study by Our Research Team. The study also highlights that the market is set to witness a CAGR of 5.08% during the forecast period 2022-2027.
The harvesting equipment industry has witnessed an increasing demand from various end-use industries, including agriculture, animal feed, and dairy. Nowadays, harvesting equipment is used in precision farming, fodder harvesting, and mechanized farming practices in developing countries.
• Extensive competitive benchmarking of the top 15 players
• Market sizing for volume and value market
• Investment landscape including product adoption scenario, funding, and patent analysis
Analyst Thoughts
According to Rakhi Tanwar, Principal Analyst, Our Research Team, “The harvesting equipment has huge potential in the near future, as it is used by farmers, animal feed producers, and dairy farmers. Through a better adoption of harvesting equipment in precision farming, the consumers’ demand for harvesting equipment can increase during 2022-2027.”
Key Companies Operating in The Market
Key players in the global harvesting equipment market are analyzed and profiled in the study. Moreover, a detailed competitive benchmarking of the players operating in the global harvesting equipment market has been done to help the reader understand how players stack against each other, presenting a clear market landscape. Additionally, comprehensive competitive strategies such as partnerships, agreements, and collaborations will aid the reader in understanding the untapped revenue pockets in the market.
The harvesting equipment market comprises players such as AGCO Corporation, Amalgamations Group, Bernard Krone Holding SE & Co. KG, CLAAS KGaA mbH, CNH Industrial N.V., Deere & Company, KUBOTA Corporation, Mahindra & Mahindra Ltd, Zoomlion Heavy Industry Science and Technology Co., Ltd., International Tractors Limited, and Yanmar Co Ltd.
Key Questions Answered in the Report
• What is the estimated harvesting equipment market size in terms of revenue for the forecast period 2022-2027, and what is the expected compound annual growth rate (CAGR) during the forecast period 2022-2027?
• What is the estimated harvesting equipment market size in terms of units for the forecast period 2022-2027, and what is the expected compound annual growth rate (CAGR) during the forecast period 2022-2027?
• What are the different applications of harvesting equipment in the agricultural industry?
• What are the major drivers and challenges affecting the growth of the harvesting equipment market?
• What are the various regulations for producing harvesting equipment in countries such as the U.S., Canada, the U.K., and France?
• What are the expected future scenarios of the harvesting equipment market in different regions and countries, such as North America, Europe, Asia-Pacific and Japan, China, the U.K., South America, and the Middle East and Africa?
• What are the key developmental strategies that are implemented by the key players to sustain in the competitive market?
• How is the competitive benchmarking of the key harvesting equipment companies in the market based on the analysis of their market coverage and market potential?