USD 36.9 billion
Report ID:
SQMIG30E2069 |
Region:
Global |
Published Date: May, 2025
Pages:
183
|Tables:
167
|Figures:
72
Global Harvester Market size was valued at USD 36.9 billion in 2023 and is poised to grow from USD 40.0 billion in 2024 to USD 76.26 billion by 2032, growing at a CAGR of 8.4% during the forecast period (2025-2032).
The rising need for food products is a major factor increasing the sales of combine harvesters. The harvester market is also expected to benefit from government support, especially in developing nations. Moreover, technological advancements in the field of agriculture are expected to boost global harvester market growth soon.
The increase in the farming population will result in high demand for combine harvesters in the global market. The growing awareness about improved technology will also fuel the growth of the market.
Fragmentation of land holdings restricts market growth. In regions, such as Middle East, Southeast Asia, and Africa, the practice of equal inheritance among farm household has led to fragmentation of farmland, leads to the low average farm acreage limiting the usage of combine harvesters.
The rapid advancements in technology are making harvesters more efficient, reliable, and cost-effective. Innovations such as AI, machine learning, robotics, and IoT are being integrated into harvesting equipment, enhancing their capabilities and driving market growth. Precision agriculture has become a dominant trend in modern farming, and harvesters are equipped with GPS. Sensors and IoT technology are capable of mapping fields, monitoring crop health, and optimizing the harvesting process. These innovations not only improve efficiency but also reduce waste and environmental impact.
The Indian government has implemented various comprehensive initiatives and schemes to accelerate farm mechanization adoption across the country. For instance, In 2023, Mahindra & Mahindra Farm Equipment Sector (FES) established a new farm machinery plant in Pithampur, Madhya Pradesh, spanning 23 acres with the capacity to manufacture 1,200 combine harvesters annually, demonstrating the government's success in attracting major investments in agricultural machinery. This development aligns with the government's vision to enhance domestic manufacturing capabilities while making modern farming equipment more accessible to Indian farmers. The government's commitment to farm mechanization is further evidenced by various support schemes and subsidies. Additionally, the Sub Mission on Agricultural Mechanization (SMAM) received a substantial budget allocation of INR 1050 crore (USD 133.5 million) in 2022, aimed at making farm machines, including combine harvesters, accessible and affordable for small and marginal farmers through the establishment of custom hiring centers. These initiatives demonstrate the government's comprehensive approach to promoting farm mechanization while ensuring that the benefits reach farmers across different economic strata.
In September 2024, the Israeli startup Nanovel boasted of an automated fruit-picking robot that utilized artificial intelligence to pick tree fruits. It comprises a telescopic multi-arm that features high vision and edge computers together with AI software to sort the fruit according to the color, ripeness, and size to the market standard.
In January 2024, CNH Industrial N.V. announced investment of around USD 167 million (EUR 150 million) for expanding its production facility and R&D capabilities at the New Holland Harvesting Center of Excellence located in Belgium. Through the investment, the company redesigned the assembly line and logistics area to streamline the manufacturing of CR11.
In August 2023, Swaraj Tractors, a brand of Mahindra & Mahindra Ltd. launched the Swaraj 8200 Wheel Harvester. The harvester featured an intelligent system including live location tracking, fuel consumption, distance traveled, and acres harvested.
Market snapshot - 2025-2032
Global Market Size
USD 36.9 billion
Largest Segment
ICE
Fastest Growth
Electric
Growth Rate
8.4% CAGR
To get more reports on the above market click here to Buy The Report
Global Harvester Market is segmented by Mechanism, Power, Class, Type, Automation Level, Propulsion Type and region. Based on Mechanism, the market is segmented into Hydraulic and Hybrid. Based on Power, the market is segmented into Below 150 HP, 150-300 HP, 300-450 HP and 450-550 HP. Based on Class, the market is segmented into Class 1-2 (0.5-3 Kg/s), Class 3-4 (5-8 Kg/s), Class 5-6 (9-12 Kg/s) and Class 7 (12-14 Kg/s). Based on Type, the market is segmented into Combine Harvester, Forage Harvester, Trailed Silage Harvester, Self-propelled Forage Harvester, Trailed Forage Harvester, Mounted Forage Harvester, Mounted Silage Harvester, Surgarbeet Harvester, Potato Harvester, Wine Grape Harvester, Forage Mowers and Municipal Mowers. Based on Automation Level, the market is segmented into Automatic, Manual and Semi-automatic. Based on Propulsion Type, the market is segmented into ICE and Electric. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
As per global harvester market outlook, the ICE segment dominated the market and accounted for more than 87.0% share of global revenue in 2024. The infrastructure for diesel fuel is well-established, especially in rural areas where farming is prevalent, making ICE harvesters a convenient choice for farmers. Furthermore, manufacturers are investing in advanced engine technologies to reduce fuel consumption and emissions. For instance, Tier 4 engines, which adhere to strict emissions standards set by the U.S. Environmental Protection Agency (EPA), have become increasingly common. These engines utilize advanced after treatment systems, such as selective catalytic reduction (SCR) and exhaust gas recirculation (EGR), to minimize nitrogen oxide (NOx) emissions.
As per global harvester market analysis, the electric segment is projected to register the highest CAGR from 2025 to 2032. This segment is characterized by rapid innovation and growing interest from both manufacturers and farmers. One of the most significant trends is the development of high-capacity batteries that can provide longer operational times. Lithium-ion batteries are being widely adopted due to their energy density and relatively quick charging times. Furthermore, some manufacturers are even exploring solid-state batteries, which offer even greater energy storage and safety. The shift towards eco-friendly and sustainable agricultural practices is driving the adoption of electric-powered machinery.
As per global harvester market forecast, the forage harvester segment dominated the market and accounted for more than 27.0% share of global revenue in 2024. The adoption of self-propelled forage harvesters is increasing, driven by their high efficiency and ability to operate in various field conditions. The trend towards sustainable farming practices is also influencing the harvester market, with manufacturers focusing on developing equipment that minimizes environmental impact. Innovations such as precision farming, GPS-enabled automation, and improved cutter head designs have enhanced efficiency and reduced operational costs. Self-propelled forage harvesters with advanced automation features are gaining popularity, improving productivity in large-scale farming.
The sugarcane segment is experiencing significant growth in the market due to rising global demand for sugar and ethanol. With increasing consumption of sugar in the food and beverage industry, as well as the growing use of bioethanol as a renewable energy source, sugarcane cultivation is expanding rapidly. Countries such as Brazil, India, and Thailand are leading producers, benefiting from government policies supporting ethanol blending and sustainable agriculture. Additionally, advancements in mechanized harvesting and precision farming are improving efficiency and yield, further driving market growth. The rising focus on bio-based products and sustainable energy solutions is expected to sustain the momentum of the sugarcane segment in the coming years.
To get detailed analysis on other segments, Request For Free Sample Report
Asia Pacific dominated the market and accounted for a revenue share of over 40.0% in 2024. The regional market growth is driven by the increasing mechanization of agriculture in emerging economies such as India and China. With the rapid adoption of advanced harvesting equipment, the region is transitioning from traditional manual labour to mechanized farming practices. The demand for multi-crop harvesters has surged, particularly in countries like India, where diverse cropping patterns require versatile machinery. Technological advancements, such as GPS-enabled harvesters and precision farming techniques, are further fuelling market growth in the region. With continued investments in smart agriculture and automation, the Asia Pacific harvester market is expected to maintain its leading position in the coming years.
North America is expected to grow at a notable CAGR of 8.0% from 2025 to 2032. The market in the region is influenced by advancements in technology and the growing emphasis on large-scale farming operations. The region has seen a significant rise in the adoption of high-capacity harvesters designed for extensive farmlands, particularly in the U.S. and Canada. The market in the U.S. is witnessing an increasing adoption of autonomous and AI-driven harvesters, particularly in the Midwest, where large-scale grain farming dominates. Additionally, there is a growing shift towards electric and hybrid harvesters, driven by the increasing emphasis on sustainable farming practices.
Europe has a well-developed harvester market, driven by advanced agricultural practices and high mechanization rates. Germany leads the region with its strong focus on precision agriculture and the use of autonomous harvesting equipment. France follows closely, benefiting from government subsidies for modern farming machinery. The UK is investing in smart harvesters integrated with AI and robotics to enhance efficiency.
The harvester market in this region is gradually expanding as mechanization becomes a priority in agriculture. Saudi Arabia is heavily investing in self-sufficient farming and is adopting high-tech harvesters to optimize production. South Africa leads in Africa with large-scale adoption of combine harvesters, particularly for maize and wheat production. Egypt is modernizing its agricultural sector with government support for harvester imports, while Nigeria is experiencing increasing demand for mechanized harvesting in response to food security concerns.
Latin America is a key player in the harvester market, with strong agricultural economies. Brazil dominates the region, with large-scale soybean and sugarcane harvesting requiring advanced combine harvesters. Argentina follows closely, leveraging its mechanized farming practices to enhance grain and oilseed production. Mexico is focusing on increasing harvester adoption to improve efficiency in maize and wheat farming. Meanwhile, Chile is modernizing its fruit harvesting sector with specialized machinery to boost exports.
To know more about the market opportunities by region and country, click here to
Buy The Complete Report
Increasing Consumption of Grain Crops
Surge In Combine Harvester Demand Amidst Growing Agricultural Production
High Cost of Farm Labor
Limited Access to Financing and Credit
Request Free Customization of this report to help us to meet your business objectives.
The global harvester industry is highly competitive, with key players focusing on technological advancements, automation, and sustainability to strengthen their market positions. Leading manufacturers are investing in precision farming technologies, AI-powered automation, and fuel-efficient machinery to improve operational efficiency and reduce environmental impact. Additionally, companies are expanding their dealer networks, enhancing aftermarket services, and engaging in strategic mergers and acquisitions to increase their market presence.
Deere & Company (USA)
CNH Industrial (USA/UK)
AGCO Corporation (USA)
CLAAS KGaA mbH (Germany)
Kubota Corporation (Japan)
Mahindra & Mahindra Ltd. (India)
Yanmar Co., Ltd. (Japan)
SDF Group (Italy)
Rostselmash (Russia)
Preet Agro Industries (India)
Kartar Agro Industries Pvt. Ltd. (India)
Sampo Rosenlew Ltd (Finland)
ISEKI & Co., Ltd. (Japan)
Versatile (Canada)
Zoomlion Heavy Industry Science & Technology Co., Ltd. (China)
Foton Lovol International Heavy Industry Co., Ltd. (China)
Tractors and Farm Equipment Limited (TAFE) (India)
Dasmesh Mechanical Works Pvt. Ltd. (India)
ISEKI & Co., Ltd. (Japan)
Oxbo International Corp. (USA)
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to SkyQuest analysis, escalating demand for agricultural commodities, increasing awareness about better technology, and government support are projected to hold potential growth opportunities for the global market. Rapid economic growth and increasing demand for large and powerful combine harvesters are again driving the market growth. Moreover, rising fuel prices are further expected to boost expenditure on agricultural equipment. The rise of government subsidies is boosting the market in India. Rising agricultural production is also expected to drive the market in this country. Moreover, the demand for combine harvesters has also increased in countries like Russia and China. Technology plays a crucial role in the evolution of the harvester market. Furthermore, robotic technology is increasingly being integrated into harvesters, allowing for more precise and efficient harvesting. There is a growing awareness of the need for sustainable farming practices to protect the environment and ensure long-term food security.
Report Metric | Details |
---|---|
Market size value in 2023 | USD 36.9 billion |
Market size value in 2032 | USD 76.26 billion |
Growth Rate | 8.4% |
Base year | 2024 |
Forecast period | 2025-2032 |
Forecast Unit (Value) | USD Billion |
Segments covered |
|
Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
|
Customization scope | Free report customization with purchase. Customization includes:-
|
To get a free trial access to our platform which is a one stop solution for all your data requirements for quicker decision making. This platform allows you to compare markets, competitors who are prominent in the market, and mega trends that are influencing the dynamics in the market. Also, get access to detailed SkyQuest exclusive matrix.
Buy The Complete Report to read the analyzed strategies adopted by the top vendors either to retain or gain market share
Table Of Content
Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
Methodology
For the Harvester Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Harvester Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Harvester Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Harvester Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Global Harvester Market size was valued at USD 36.00 Billion in 2023 and is poised to grow from USD 38.70 Billion in 2024 to USD 69.02 Billion by 2032, growing at a CAGR of 7.5% in the forecast period (2025-2032).
The global harvester industry is highly competitive, with key players focusing on technological advancements, automation, and sustainability to strengthen their market positions. Leading manufacturers are investing in precision farming technologies, AI-powered automation, and fuel-efficient machinery to improve operational efficiency and reduce environmental impact. Additionally, companies are expanding their dealer networks, enhancing aftermarket services, and engaging in strategic mergers and acquisitions to increase their market presence. 'Deere & Company', 'Kubota Corporation', 'Mahindra & Mahindra Limited', 'CLAAS KGaA mbH', 'KS Group', 'Yanmar Co., Ltd.', 'Preet Group', 'SDF S.p.A.', 'Hind Agro Industries', 'Tractors and Farm Equipment Limited', 'Kartar Agro Industries Private Limited', 'Iseki & Co., Ltd.', 'Sampo Rosenlew Ltd.'
Cereals are an integral part of Indian cuisine, and the country is one of the largest producers and consumers of cereals and grains. The area harvested from cereals and grains is increasing in the country. The rising population, coupled with changing dietary habits and increasing disposable incomes, has led to higher demand for processed and packaged grain-based products. Additionally, government initiatives such as the Public Distribution System (PDS) and Minimum Support Price (MSP) programs ensure steady production and availability of grains across the country.
Increasing Area Under Grain Crops: Cereals form an integral part of Indian cuisine, making the country one of the largest producers and consumers of cereals and grains globally. The increasing consumption of cereal crops reflects the growing need for cultivation, driving the demand for efficient grain harvesters' solutions. Additionally, favorable Minimum Support Price (MSP) policies, improved irrigation facilities, and the adoption of advanced agricultural technologies are supporting higher production levels.
Asia Pacific dominated the market and accounted for a revenue share of over 40.0% in 2024. The regional market growth is driven by the increasing mechanization of agriculture in emerging economies such as India and China. With the rapid adoption of advanced harvesting equipment, the region is transitioning from traditional manual labour to mechanized farming practices. The demand for multi-crop harvesters has surged, particularly in countries like India, where diverse cropping patterns require versatile machinery. Technological advancements, such as GPS-enabled harvesters and precision farming techniques, are further fuelling market growth in the region. With continued investments in smart agriculture and automation, the Asia Pacific harvester market is expected to maintain its leading position in the coming years.
Want to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.
Feedback From Our Clients
Report ID: SQMIG30E2069
[email protected]
USA +1 351-333-4748