5 Major Harvester Market Companies in the World in 2023

The global Harvester Market industry is anticipated experience remarkable growth between 2022 and 2027, led by robust demand across key application segments. Global need for sophisticated farm equipment is one of the primary factors driving the business for combine harvesters. Farm mechanisation boosts crop production and farm revenue by lowering overall crop manufacturing costs, reducing post-harvest waste, and saving labour and time.

Farmers use agricultural harvesters to gather grain harvests. The three main activities they carry out are reaping, threshing, and winnowing. These harvesters are used to boost agricultural output quickly, and their use has proven to be superior to traditional harvesting techniques. Additionally, since machinery and instruments like harvesters serve to reduce farm labour, increase productivity, cut crop production costs, and drastically reduce harvest losses, agricultural practises are becoming more and more reliant on them.

Business Research Insights forecasts the worldwide market for Harvester Market to hit USD 29.000 billion by 2022, growing at a CAGR of 3.7% during 2022-2027. More individuals are becoming aware of the benefits of using hand-operated equipment and animal-driven tools, as well as electrical and mechanical sources of power, to convey products. The agriculture sector has a considerable impact on the GDP of every nation in the world. The government's initiatives to advance agriculture in both developing and developed nations are fuelling the demand for agricultural machinery.

COVID-19 Hindered R&D Around Potential Benefits of Harvester Market

Due to the pandemic, Indian farmers faced transport issues in transporting their combine harvester from the dealer points to their fields due to the nationwide lockdown resulting from the COVID-19 pandemic. The EU farm machinery industry has been affected by new regulations implanted across the European Union amid the COVID-19 pandemic. This has restrained the farmers from purchasing new combined harvesters in the ongoing season.

Business Research Insights Presents the Top 5 Harvester Market Companies Globally

1. AGCO Corporation (U.S.)

The GSI Group LLC, which was founded in 1972, is the most well-known manufacturer of commercial grain storage, material handling, grain drying, and poultry equipment in the world. Operations in India began in 2012.

The AGCO Corporation offers a broad range of tractors, combine harvesters, hay and forage equipment, seeding and tillage implements, grain storage, and protein to farmers all over the world.

2. Ploeger Agro (France)

The POG is a Dutch company with its headquarters in Roosendaal that produces a variety of speciality agricultural equipment for the fresh market and processing industries. The company was founded in the 1950s. Harvesters for peas, beans, potatoes, carrots, spinach, berries, citrus, coffee, grapes, olives, and sweet &seed corn are among the available items, along with pulled and self-propelled combines.

Ploeger is an expert in harvesting technology and makes equipment that are completely suited to the requirements of the customer. The green and yellow machines of the firm are renowned for their superb finish, operational dependability in all field and weather situations, and, perhaps most significantly, for achieving the maximum yield.

3. Lely Group (US)

The Maassluis, Netherlands-based Lely Industries N.V. is a maker of agricultural equipment. The Lely brothers, Cornelis van der Lely and Arij van der Lely, established the business in Maassluis in 1948.

In order to serve as a community for dairy producers, farmers, and industry experts across North America, Lely North America created Lely Life. Along with the most recent news and information that our clients need to know, we offer advice on problems that the sector is now facing. As we address the subjects you care about, such as funding dairy robots, automation in big herd dairies, feeding and nutrition, maintenance of robots, and so much more, you will hear from guest contributors and other viewpoints. ‘

4. Foton Loval International Heavy Industry (China)

Off-road mobile machinery is produced by LOVOL Heavy Industry Co., Ltd., a company with headquarters in Tianjin, China, and was founded in 1998. The corporation, which has more than 15,000 workers, is involved in cars, financial services, construction machines, and agricultural equipment.

A significant industrial equipment producer with a concentration on cars, agricultural equipment, and construction gear is known as Foton Lovol International Heavy Industry Co., Ltd. The company has received recognition as a "national key high-tech enterprise," the "nation-certified enterprise technology centre," and "Chinese famous brands," "well-known trademarks in China," and "most competitive brands on the market" for its engineering and technology research institute, respectively.

5. kubota (Japan)

Japanese multinational company Kubota Corporation is headquartered in Osaka. It began to exist in 1890. The company manufactures a wide range of goods, such as tractors and other agricultural gear, construction equipment, engines, vending machines, pipe, valves, cast metal, pumps, and apparatus for air conditioning, sewage treatment, and water purification.

From a tiny 0.276 litre engine to a 6.1 litre engine, Kubota engines are available in diesel, gasoline, or spark ignition configurations. They are available in air-cooled and liquid-cooled designs, naturally aspirated, or forced induction. These engines are frequently used in tractors, construction equipment, agricultural machinery, and naval propulsion.

Pro-Machinery And Federal Government's Organization’s Will Continue To Generate Robust Demand

Due to the federal government's and other organizations’ pro-machinery lending policies, as well as the possibility to increase farm productivity, the market is growing. A government in India was encouraging farmers to utilise technology advancements that would increase yield. As consumers grow more aware of new technology and as farmers get more informed about production techniques, the need for combination harvesters will increase. This will support the sector's ability to maintain its rising trend. Government programmes, such as those that provide incentives for equipment purchases, also support this expansion. Because farms are frequently modest in size, heavy machinery cannot be used there. As a result, there is a greatly reduced need for combination harvester machinery.