Harvester Market revenue is expected to reach USD 38.7 Bn by 2029

Mahesh Chavan19 Oct, 2023News

The Global Harvester Market, valued at USD 27.4 billion in 2022, is anticipated to reach USD 38.7 billion by 2029, with a compound annual growth rate (CAGR) of 5.2% during the forecast period (2023-2029). Harvesting, a labor-intensive task in agriculture, requires precise timing for optimal yield. Timeliness is crucial as any delay directly impacts both the quantity and quality of the produce. The method of harvest and produce wastage are closely linked, with traditional manual harvesting prevalent in rural and small landholding areas. However, the increasing labor shortage has made mechanical harvesting, particularly through combine harvesters, inevitable. While various harvesting machinery is available, combine harvesters are widely used.