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Agricultural Sector to Propel the Demand for Agricultural Harvester Market

Harshal Deshmukh
 


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Transparency Market Research in its new report titled, “Agricultural Harvester Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2026, ” provides key insights on the agricultural harvester market. The upcoming report anticipates the rapid mechanization in the agricultural sector is expected to propel the agricultural harvester market during the forecast period i. e. 2018-2026. As per the report, rising number of industries, globally, are luring laborers, which is likely to reduce the availability of labor for farming. Machine power is likely to expand during the forecast period owing to a lack of man power. Agricultural harvesters perform efficiently and reduce required man power. Agricultural harvesters harvest grains without damaging them and are cleaner as compared to grains harvested by conventional methods.

The report has segmented the agricultural harvester market based on technology, drive, application, utility, mobility, and region. In terms of technology, the combine agricultural harvester segment is likely to emerge as the major segment of the agricultural harvester market. The segment is likely to expand at a significant growth rate during the forecast period due to the ability of the combined harvester to perform multiple functions and higher efficiency. However, the combined harvester is more expensive than the other technology-driven harvesters. This in turn is likely to propel the other segments of the market.

In terms of drive, as per the report, four-wheel drive harvester is likely to be the leading segment, while the agricultural harvester with the option of shifting from four-wheel drive to two-wheel drive is likely to dominate in the near future due to superior fuel economy of the drive. Agricultural harvester with an option to shift from four-wheel drive to two-wheel drive can be operated according to the power requirement and conditions of the field. Based on geographical perspective, North America is anticipated to hold a dominant share of the agricultural harvester market owing to higher labor charges, less availability of man power, and rapid pace of adoption of technology, as compared to other regions of the globe. Advantages of the latest harvesters over conventional sources include better fuel economy and improved features, which in turn have attracted the farmers of the region. This has led to the region to become a prominent market for agricultural harvester, the report says.

The report has included some of the prominent players operating in the global agricultural harvester market to give a better competitive landscape and these include Deere & Company, MASSEY FERGUSON, CLAAS KGaA mbH, PREET GROUP, Ploeger Machines bv, and Bernard Krone Holding SE & Co. KG.

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Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals. We are leaders in analytics, research, and advisory services for Fortune 500 companies, scores of high potential startups, and financial institutions. Our success stories have proven why we are a preeminent provider of cutting-edge syndicated and customized research services. Leverage the best of our seasoned research analysts who hold a keen interest and enviable expertise of almost 4 million hours in global, regional, and local market intelligence. TMR believes that unison of solutions for clients-specific problems with right methodology of research is the key to help enterprises reach right decision.

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