Agricoltura
New Research Envisions Harvester Market to Generate Massive Revenue Over the Next Five Years: Radiant Insights, Inc.
to know more details about report 2023.
The modern combine harvester is manufactured according to crop versatility and to achieve higher efficiency during crop harvest. The modern combine harvester is multipurpose machine that is capable of performing operations such as reaping, threshing, and winnowing. Different types of crops are harvested with help of modern combine harvester such as wheat, oats, rye, barley, corn (maize), sorghum, soybeans, flax (linseed), sunflowers and canola. The harvester market is broadly categorized into four major segments based on the application type such as self-powered harvester, tracked harvester, mini-harvester and tractor-powered harvester. Self-powered harvester segment is growing rapidly in the market with substantial revenue generation in the last few years.
The harvester market is divided by region as North America , Europe , Asia-Pacific , Latin America and Africa . North America has shown major growth in recent years owing to the rise in implementation of latest technologies in agriculture sector, surge in number of research & development activities in the region and existence of well-established agriculture infrastructure. In European region, Germany , France , and United Kingdom are projected to witness steady growth. Asia-Pacific region is estimated to hold a major share in the harvester market with massive growth in forecast period. Countries such as India , China and Singapore are leading the Asia-Pacific market with strong agriculture growth, rising agriculture expenditure by local governments, favourable government initiatives including tax cuts, discounts and subsidies, and significant investment by leading industry players considering potential growth opportunities in the region. The key players in the harvester market are AGCO Corp., The Bernard Krone Holding GmbH & Co., KG, Claas Corp., CNH Industrial N.V., Deere & Co., Kubota, Dewulf, FotonLovol International Heavy Industry Co., Ltd., Lely Group LLC and Ploeger Agro B.V.
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Michelle Thoras.
Corporate Sales Specialist
Radiant Insights, Inc.
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