Asia Pacific Harvester Market Outlook (2021-2027) | Analysis, Companies, Growth, Value, Size, Share, Revenue, Industry, Trends, COVID-19 IMPACT & Forecast

Asia Pacific Harvester Market Size & Growth Rate

The Asia Pacific Harvester Market is projected to grow at a CAGR of 4.4% during 2021–2027, driven by increasing farm mechanization, labor shortages, government subsidies, and rising private sector investments.

Asia Pacific Harvester Market report comprehensively covers the market by harvester types, power ratings and crop types. The report provides an unbiased and detailed analysis of the on-going trends, opportunities/high growth areas, market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

Asia Pacific Harvester Market Synopsis

Asia Pacific harvester market revenues witnessed a steady growth during 2017-19 owing to increasing farm mechanization, awareness among farmers and government schemes. Several countries round the region are facing labour shortages, prompting farmers to shift towards mechanization for efficiency. The government and other institutions' favorable financing policies for machinery purchases, together with the ability to boost farm production, are fueling the market's expansion. Government of different countries are providing farmers with subsidies and appropriate training, which in turn is boosting the sales of harvesters within the region.

In 2020, after the outbreak of Covid-19, the demand for harvesters witnessed a slowdown in certain countries due to the shutdown of manufacturing facilities that resulted in delayed production and shortage of components & raw materials required to manufacture agriculture equipment. However, with the resumption of manufacturing activities and lifting of lockdown, the market gained traction in the second quarter of 2021 in several countries.

According to 6Wresearch, Asia Pacific Harvester Market size is projected to grow at a CAGR of 4.4% during 2021-2027. The market is in growing stage of industry life cycle owing to increasing food demand, rising rural incomes along with rise in farm mechanization within the use of farming practices. Simultaneously, the private sector’s investment is making a remarkable impact and bringing flow of liquidity within the sector, therefore, usage of agriculture machineries such as harvesters and planters are rising. Furthermore, to enhance comfort and efficiency, vendors are constantly improving their equipment with telemetry and intelligent sensing technologies. Other innovative technologies, including GPS and navigation systems, are integrated into these harvesters to assist within the more precise execution of activities.

Market by Countries Analysis

By countries, China has acquired more than 85% of the market share in terms of revenue. China harvester market is anticipated to register significant growth projections during the forecast period backed by increasing government investments in developing the agriculture sector coupled with decent rebates and incentives initiated by the government for easy procurement of farm equipment.

Market by Types Analysis

By harvester types, combine harvesters garnered majority revenue and volume share for the year 2020. A similar pattern would be observed in the coming years as in China, the government is urging farmers to adopt the latest technologies through which they can enhance productivity and are aiming to move towards autonomous farms in the upcoming years.

Key Attractiveness of the Report

• COVID-19 Impact on the Market.
• 10 Years Market Numbers.
• Historical Data Starting from 2017 to 2020.
• Base Year: 2020
• Forecast Data until 2027.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report:

• Asia Pacific Harvester Market Overview
• Asia Pacific Harvester Market Outlook
• Asia Pacific Harvester Market Forecast
• Historical Data and Forecast of Asia Pacific Harvester Market share in Revenues and Volume, By Types, By Power Ratings, By Crop Types, By Countries, for the Period 2017-2027F
• Market Drivers and Restraints
• Industry Life Cycle
• Porter’s Five Force Analysis
• Impact Analysis of COVID-19
• Asia Pacific Harvester Market Trends
• Company Rankings
• Competitive Benchmarking
• Company Profiles
• Key Strategic Recommendations

Market Scope and Segmentation

The report provides a detailed analysis of the following market segments:

• By Harvester Types
  • Combine
  • Forage
  • Sugarcane
• By Combine Harvester Types
  • Self Propelled
  • Track
  • Track Mounted

• By Power Ratings
  • Up to 30HP
  • 1-100HP
  • 100.1-200HP
  • 200.1-300HP
  • Above 300HP

• By Crop

• Wheat
• Rice
• Barley
• Beans
• Corn
• Grass
• Others (Sugarcane, Hemp etc.)

• By Countries

• Thailand
• Japan
• China
• Malaysia
• Philippines
• Myanmar
• Cambodia
• Indonesia
• South Korea
• Australia
• Pakistan