Brand Story
07 Jun 2023, 03:43 GMT+10
The harvester market is anticipated to grow at a CAGR of 22%, reaching US$32.94 billion in 2022 and US$240.61 billion by the end of the forecast period (2022-2032). The manufacturing and distribution of equipment for harvesting crops like wheat, corn, rice, and soybeans is referred to as the harvester market. Harvesters are typically self-propelled vehicles that collect and sort crops from the field using specialized attachments like a cutting head or reaper.
The agricultural machinery market, which also includes tractors, tillage tools, and irrigation systems, includes the harvester market as a significant subsegment. Harvester demand is closely related to global agricultural production because farmers need reliable, efficient machinery to collect their crops. Governmental directives, trade agreements, and technological developments all have an impact on the harvester market. For instance, the use of GPS technology and sensors in advanced harvester models has been made possible by the adoption of precision farming techniques, which has increased crop yields and decreased waste.
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Key Takeaways from the Market Study
Market Competition
Major Harvester Service Providers
Region-Wise Insights
Key Questions Covered in the Harvester Market
Overall, the harvester market is an important industry that plays a vital role in ensuring efficient and sustainable agricultural production.
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