Harvesting Equipment Market to Grow with a CAGR of 5.47% through 2030
Increasing demand for mechanized farming is expected to
drive the growth of global harvesting equipment in the forecast period,
2026-2030.
According to TechSci Research report, “Harvesting
Equipment Market - Global Industry Size, Share, Trends, Opportunity, and
Forecast, 2030F”, The Global Harvesting Equipment Market stood at USD 30.29
Billion in 2024 and is anticipated to grow with a CAGR of 5.47% through
2030. This can be ascribed to the increasing demand for
enhancing the productivity of agricultural land along with enhancing the
proclivity of farmers or land operators toward the integration of automation
technology for equipments. Additionally, the growing scarcity of human
workforce and heavy expenditure on maintenance of cattle on the site in
different countries is expected to create lucrative opportunities for market
growth in coming years. Besides, increasing research and development activities
in the agriculture industry is further expected to support market growth.
Furthermore, some important factors such as a scarcity of human resources along
with the availability of cheap financing and capital are expected to enhance
the demand for several agricultural equipment in the developing regions during
the forecast period. Similarly, favorable weather circumstances for food
production along with government assistance with loan waiver initiatives for
farmers of all levels of income, are expected to drive the market growth over
the years. However, the high cost of harvesting equipment can create
affordability issues amongst people with lower incomes, hampering the market in
the forecast period. Similarly, lack of awareness regarding the benefits of
using harvesting equipment among farmers along with illiteracy about the
resources may hamper the harvesting equipment market growth during the forecast
period.
Browse over XX market data Figures spread through XX
Pages and an in-depth TOC on "Global Harvesting Equipment Market"
The Global Harvesting Equipment Market can be
segmented by product, application, regional distribution, and company.
Based on Product Type, Forage Harvester is expected to grow
at the fastest rate due to the rising global demand for animal feed and
livestock products such as milk and meat. As livestock farming expands,
especially in emerging economies, the need for high-quality silage and hay has
surged, driving the adoption of efficient forage harvesting solutions. Forage
harvesters enable rapid and precise chopping of grasses and crops, ensuring
better feed quality and storage. Additionally, advancements in technology—such
as GPS integration, yield monitoring, and fuel-efficient engines—are making
forage harvesters more appealing to modern farmers. Government subsidies and
awareness campaigns promoting mechanized fodder harvesting further support this
trend.
Based on region, Asia-Pacific emerged as the fastest growing region in the Global Harvesting Equipment Market during the forecast period. This is attributed to rapid agricultural mechanization, growing food demand driven by population growth, and increasing government support in countries such as India, China, and Indonesia. Rising labor costs and workforce shortages in rural areas are prompting farmers to adopt modern harvesting machinery to improve efficiency and reduce dependence on manual labor. Additionally, expanding awareness about the benefits of precision farming and access to affordable financing options are accelerating equipment adoption. The region’s shift toward large-scale farming and export-oriented agriculture further fuels this growth.
Major companies operating in the global harvesting
equipment market are:
- Lakeview
Vineyard Equipment Inc
- Oxbo
International Corp.
- Pellenc
America.
- Containerpal
- Green-Rubber
Kennedy Ag.
- American
Grape Harvesters.
- Blueline
Manufacturing and Equipment.
- Clemens
Vineyard Equipment.
- Lazer
Star Lights.
- Garton
Tractor Inc.
Customers can also request for 10% free customization
on this report.
“Technological advancements in harvesting equipment are also fueling market expansion. Integration of GPS, automation, telematics, and IoT sensors in machines enabling precision harvesting, real-time monitoring, and predictive maintenance. This not only enhances productivity but also reduces downtime and operational inefficiencies. Manufacturers are increasingly investing in smart harvester development to align with the digital transformation of agriculture and to address sustainability goals through energy-efficient and low-emission models. Furthermore, the shift toward sustainable farming practices is increasing demand for harvesters that reduce soil compaction, optimize fuel use, and support conservation agriculture. The emergence of autonomous harvesters and robotics, especially in developed regions represents a major leap forward in the sector, allowing for round-the-clock operation and minimizing human intervention. With ongoing R&D and rising investments from both public and private players, the harvesting equipment market is poised for substantial innovation-led growth in the coming years”, said Mr. Karan
Chechi, Research Director of TechSci Research, a research-based global
management consulting firm.
“Harvesting Equipment Market - Global Industry Size,
Share, Trends, Opportunity, and Forecast, Segmented By Product (Combine
Harvester, Forage Harvester, Sugarcane Harvester, Others), By Application
(Agriculture v/s Fodder), By Region and Competition, 2020-2030F”, has
evaluated the future growth potential of global harvesting equipment market and
provides statistics & information on market size, structure, and future
market growth. The report intends to provide cutting-edge market intelligence
and help decision makers take sound investment decisions. Besides, the report
also identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in global harvesting equipment market.
Contact
TechSci Research LLC
420 Lexington Avenue, Suite 300,
New York, United States- 10170
M: +13322586602
Email: [email protected]
Web:
https://www.techsciresearch.com