Precision Harvesters Market 2018-2026 | Size, Share, Opportunities and Forecast | Credence Research

The global precision harvesters market is expected to expand at a CAGR of 7.2% during the forecast from 2018 to 2026.

According to a new market research report published by Credence Research, "Precision Harvesters Market - Growth, Future Prospects, and Competitive Landscape, 2018 - 2026," the global market for precision harvesters is expected to expand from 2018 to 2026 at a CAGR of 7.2 percent.

Market Insight
Farmers around the globe are turning to mechanization to meet growing food demand by reducing harvest losses. Generally, around 50 percent-60 percent of the crop gets damaged during harvesting if the process is performed manually. In addition to limiting harvest losses, farming mechanization helps farmers produce five times more than they produce using traditional farming practices. With the agriculture industry witnessing a paradigm shift from orthodox farming practices to mechanized practices, the global harvester market is likely to reach great heights in the coming years. Advances in technology, increasing acceptance of technology, and the resulting shift to mechanized farm equipment are driving conventional farm equipment towards obsolescence, generating demand for new installations. Rapid technological progressions have led to the development of harvesters with superior features and capabilities, thus driving market demand.

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In terms of product type, harvesting robots are an emerging technology that attracts farmers ' attention, especially in developed economies. Need to increase farm productivity while reducing labor costs remains the overriding factor driving the adoption of robotic harvesters among farmers in these regions. In addition, gradual decline in hardware prices during the forecast period from 2018 to 2026 will have a positive impact on the adoption of robotic harvesters in emerging, price-sensitive economies.

Some of the leading precision harvester manufacturers profiled in the research study include Deere & Company, AGCO Corporation, AgJunction, The Grimme Group, Trimble, Precision Planting, Harvest Croo Robotics, AG Leader, Abundant Robotics, Raven Industries, Teejet Technologies, and Vision Robotics Corporation among others. In order to expand their offerings and better penetrate markets with latent potential, these equipment manufacturers are foreseeing an opportunity to expand their offerings by providing precision harvesters on rental basis. The rental business would offer a sound growth opportunity for manufacturers, especially having presence in Asia Pacific, Latin America, and Middle-East countries where farmers find it financially burdening to invest on high cost advanced farm and agriculture equipment. On the other hand, availability of precision harvesters on rental basis would allow farmers to adopt mechanized farming practices and help increase their yield by reducing harvest losses.

Key Trends

Financial assistance for farmers by the governments across the globe for the uptake and procurement of the machinery in low-mechanized regions
Government subsidies & credits are instrumental in driving the uptake of harvesters and other mechanized equipment
Growing demand for energy crops has triggered subsequent need for harvesters; shift towards biofuel operated harvesting machinery
Farm consolidation in developed economies is stimulating demand for large harvesting machinery

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Table of Content:
1. Preface
2. Executive Summary
3. Global Precision Harvesters Market Analysis
4. Global Precision Harvesters Market Value, by Product Type , 2016 – 2026 (US$ Bn)
4.1. Comparative Analysis
4.1.1. Precision Harvesters Market Value, by Product Type, 2017 & 2026 (Value %)
4.2. Combine Harvesters
4.3. Forage Harvesters
4.4. Robotic Harvesters

5. Global Precision Harvesters Market Value, by Mechanism , 2016 – 2026 (US$ Bn)
5.1. Comparative Analysis
5.1.1. Precision Harvesters Market Value, by Mechanism, 2017 & 2026 (Value %)
5.2. Tractor Mounted Harvesters
5.3. Self-propelled Harvesters
5.4. Others (Trailed Harvesters, Walking Harvesters, etc.)

6. Global Precision Harvesters Market Value, by Application, 2016 – 2026 (US$ Bn)
6.1. Comparative Analysis
6.1.1. Precision Harvesters Market Value, by Application, 2017 & 2026 (Value %)
6.2. Crops
6.3. Horticulture
6.4. Greenhouse
6.5. Others

7. North America Precision Harvesters Market Analysis, 2016 – 2026 (US$ Bn)
8. Europe Precision Harvesters Market Analysis, 2016 – 2026 (US$ Bn)
9. Asia Pacific Precision Harvesters Market Analysis, 2016 – 2026 (US$ Bn)
10. Rest of World Precision Harvesters Market Analysis, 2016 – 2026 (US$ Bn)

11. Company Profiles
11.1. Deere & Company
11.2. AGCO Corporation
11.3. The Grimme Group
11.4. Trimble
11.5. Precision Planting
11.6. Harvest Croo Robotics
11.7. AG Leader Technology
11.8. Abundant Robotics
11.9. Raven Industries
11.10. Vision Robotics Corporation
11.11. Teejet Technologies
11.12. AgJunction
.......................................toc continued

The complete report is available at

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