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Precision Harvesting Market Set To Hit USD 33.0 Billion By 2032, At A CAGR Of 6.84% SNS INSIDER
(MENAFN- EIN Presswire)
As Per the SNS Insider,“The Precision Harvesting Market was valued at USD 18.2 billion in 2023 and is expected to grow to USD 33.0 billion by 2032, at a CAGR of 6.84% over the forecast period of 2024-2032.”
The precision harvesting market is growing due to the increasing demand for efficient and sustainable farming practices. Advancements in technology, such as GPS, IoT, and AI, enable precise monitoring and management of crops, improving yield and reducing waste. The need for labor cost reduction, optimized resource usage, and enhanced crop quality are driving factors. Additionally, government support for agricultural innovation and growing consumer demand for sustainably produced food contribute to the market's expansion.
Get Free Sample Report of Precision Harvesting Market @
SWOT Analysis of Key Players as follows:
- John Deere
- AGCO Corporation
- CLAAS
- CNH Industrial
- Kubota Corporation
- Yanmar Co. Ltd.
- Mahindra & Mahindra Ltd.
- Trimble Inc.
- Topcon Corporation
- Raven Industries
- TeeJet Technologies
- Ag Leader Technology
- Hexagon Agriculture
- Zunhammer GmbH
- Pöttinger Landtechnik GmbH
Key Market Segmentation:
By Product: The combined harvesters segment accounted for the largest precision harvesting market share in 2023 as they are extensively used in large farms for various harvesting jobs and different crops. These machines combine the operations of harvesting, threshing, and cleaning, making them highly efficient for different crop types.
The harvesting robot segment is estimated to witness the highest CAGR between 2024 and 2032, owing to rapid advancements in the field of automation, robotics, and artificial intelligence [AI] technology. Harvesting robots bring a large number of notable benefits such as the decrease in necessary labor costs, enhanced accuracy, and the possibility to work in smaller or more complicated fields, hence promoting the shift to smart farming.
Make an Inquiry Before Buying @
By Application: The crop segment accounted for the largest share in the precision harvesting market in 2023 as staple crops such as wheat, rice, and corn are among the most widely cultivated crops in the world, driving the demand for precision harvesting for improved efficiency. In conjunction with technological developments in machinery, this segment registered the dominant share.
The greenhouse segment is projected to record the fastest CAGR during the forecast period 2024-2032 It has become a popular option for controlled environment agriculture, where demand for precision harvesting technologies helps to optimize productivity and quality, leading to growth. Due to the extended growing seasons, lower pesticide usage, and the efficiency of water usage, greenhouses are the optimal choice for integrating progressive harvesting methods.
By Offering: In 2023, the hardware segment accounted for the largest share of the precision harvesting market owing to the increasing adoption of high-tech machinery and equipment including combined harvesters, sensors, and robotic harvesters. These Hardware solutions provide high efficiency, accuracy, and automation in agriculture operations.
The software segment is projected to grow with the fastest rate from 2024-2032. Increasing implementation in farming of AI, machine learning, and data analytics is driving software adoption. Farmers can analyze data, monitor crop health, and optimize harvesting schedules with the help of these technologies, which lead to better yields and more sustainable agriculture.
North America Leads Precision Harvesting Market While Asia Pacific Set for Rapid Growth
The precision harvesting market was dominated by North America in 2023, due to the region's developed agricultural industry and the high adoption of modern technologies. Since there are large farms in the US and Canada, farmers here are turning towards precision farming solutions to enhance productivity, cut labor costs, and take care of the environment. North America retained significant market share due to the availability of advance hardware, more support for agriculture innovation from the government, and, smart farming technologies have higher level of investment.
Asia Pacific is expected to register the fastest CAGR from 2024-2032. Advanced agriculture technologies are being adopted in response to the need for food and the quickly growing population of the region. Countries like China, India are looking for investment in precision harvesting solutions to boost the crop, efficient use of resources and food security. Moreover offering technologically sophisticated and inexpensive solutions for expansion in Asia Pacific has driven the market for global business services.
Connect with Our Expert for any Queries @
Table of Content - Major Points Analysis
Chapter 1. Introduction
Chapter 2. Executive Summary
Chapter 3. Research Methodology
Chapter 4. Market Dynamics Impact Analysis
Chapter 5. Statistical Insights and Trends Reporting
Chapter 6. Competitive Landscape
Chapter 7. Precision Harvesting Market Segmentation, by Offering
Chapter 8. Precision Harvesting Market Segmentation, by Product
Chapter 9. Precision Harvesting Market Segmentation, by Application
Chapter 10. Regional Analysis
Chapter 11. Company Profiles
Chapter 12. Use Cases and Best Practices
Chapter 13. Conclusion
Continued...
Purchase Single User PDF of Precision Harvesting Market Forecast Report @
Precision Harvesting Market Size & Growth Analysis
The Precision Harvesting Market is expanding with demand for smart farming solutions that enhance crop yield and efficiency.
AUSTIN, TX, UNITED STATES, February 26, 2025 /EINPresswire / -- Market Size & Industry InsightsAs Per the SNS Insider,“The Precision Harvesting Market was valued at USD 18.2 billion in 2023 and is expected to grow to USD 33.0 billion by 2032, at a CAGR of 6.84% over the forecast period of 2024-2032.”
The precision harvesting market is growing due to the increasing demand for efficient and sustainable farming practices. Advancements in technology, such as GPS, IoT, and AI, enable precise monitoring and management of crops, improving yield and reducing waste. The need for labor cost reduction, optimized resource usage, and enhanced crop quality are driving factors. Additionally, government support for agricultural innovation and growing consumer demand for sustainably produced food contribute to the market's expansion.
Get Free Sample Report of Precision Harvesting Market @
SWOT Analysis of Key Players as follows:
- John Deere
- AGCO Corporation
- CLAAS
- CNH Industrial
- Kubota Corporation
- Yanmar Co. Ltd.
- Mahindra & Mahindra Ltd.
- Trimble Inc.
- Topcon Corporation
- Raven Industries
- TeeJet Technologies
- Ag Leader Technology
- Hexagon Agriculture
- Zunhammer GmbH
- Pöttinger Landtechnik GmbH
Key Market Segmentation:
By Product: The combined harvesters segment accounted for the largest precision harvesting market share in 2023 as they are extensively used in large farms for various harvesting jobs and different crops. These machines combine the operations of harvesting, threshing, and cleaning, making them highly efficient for different crop types.
The harvesting robot segment is estimated to witness the highest CAGR between 2024 and 2032, owing to rapid advancements in the field of automation, robotics, and artificial intelligence [AI] technology. Harvesting robots bring a large number of notable benefits such as the decrease in necessary labor costs, enhanced accuracy, and the possibility to work in smaller or more complicated fields, hence promoting the shift to smart farming.
Make an Inquiry Before Buying @
By Application: The crop segment accounted for the largest share in the precision harvesting market in 2023 as staple crops such as wheat, rice, and corn are among the most widely cultivated crops in the world, driving the demand for precision harvesting for improved efficiency. In conjunction with technological developments in machinery, this segment registered the dominant share.
The greenhouse segment is projected to record the fastest CAGR during the forecast period 2024-2032 It has become a popular option for controlled environment agriculture, where demand for precision harvesting technologies helps to optimize productivity and quality, leading to growth. Due to the extended growing seasons, lower pesticide usage, and the efficiency of water usage, greenhouses are the optimal choice for integrating progressive harvesting methods.
By Offering: In 2023, the hardware segment accounted for the largest share of the precision harvesting market owing to the increasing adoption of high-tech machinery and equipment including combined harvesters, sensors, and robotic harvesters. These Hardware solutions provide high efficiency, accuracy, and automation in agriculture operations.
The software segment is projected to grow with the fastest rate from 2024-2032. Increasing implementation in farming of AI, machine learning, and data analytics is driving software adoption. Farmers can analyze data, monitor crop health, and optimize harvesting schedules with the help of these technologies, which lead to better yields and more sustainable agriculture.
North America Leads Precision Harvesting Market While Asia Pacific Set for Rapid Growth
The precision harvesting market was dominated by North America in 2023, due to the region's developed agricultural industry and the high adoption of modern technologies. Since there are large farms in the US and Canada, farmers here are turning towards precision farming solutions to enhance productivity, cut labor costs, and take care of the environment. North America retained significant market share due to the availability of advance hardware, more support for agriculture innovation from the government, and, smart farming technologies have higher level of investment.
Asia Pacific is expected to register the fastest CAGR from 2024-2032. Advanced agriculture technologies are being adopted in response to the need for food and the quickly growing population of the region. Countries like China, India are looking for investment in precision harvesting solutions to boost the crop, efficient use of resources and food security. Moreover offering technologically sophisticated and inexpensive solutions for expansion in Asia Pacific has driven the market for global business services.
Connect with Our Expert for any Queries @
Table of Content - Major Points Analysis
Chapter 1. Introduction
Chapter 2. Executive Summary
Chapter 3. Research Methodology
Chapter 4. Market Dynamics Impact Analysis
Chapter 5. Statistical Insights and Trends Reporting
Chapter 6. Competitive Landscape
Chapter 7. Precision Harvesting Market Segmentation, by Offering
Chapter 8. Precision Harvesting Market Segmentation, by Product
Chapter 9. Precision Harvesting Market Segmentation, by Application
Chapter 10. Regional Analysis
Chapter 11. Company Profiles
Chapter 12. Use Cases and Best Practices
Chapter 13. Conclusion
Continued...
Purchase Single User PDF of Precision Harvesting Market Forecast Report @
Jagney Dave
SNS Insider Pvt. Ltd
+1 315 636 4242
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