PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1235852
PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1235852
Sugarcane Harvesters Market Forecasts to 2028 - Global Analysis By Type (Whole Stalk Harvester and Chopper Harvesters), By Swath Width (Multiple Row and Single Row), By Product, By Ownership, By Application and By Geography
According to Stratistics MRC, the Global Sugarcane Harvesters Market is accounted for $984.8 million in 2022 and is expected to reach $3360.7 million by 2028 growing at a CAGR of 22.7% during the forecast period. A machine used to harvest sugar cane is called a sugar cane harvester. In order to extract the sugarcane from the field and load it onto a trailer or cart, sugar cane harvesters are used to cut the stalks of the plant close to the ground. They come in a variety of forms, including self-propelled, trailed, and mounted. Since it efficiently and precisely harvests the crop, it is a one-time investment for sugarcane growers.
According to the Indian Council of Food and Agriculture, the percentage of agriculture workers in India is estimated to decline by 25.7% in 2050.
Market Dynamics:
Driver:
Decline in Farm Labor
In developing economies, a higher proportion of the population is typically dependent on agriculture. In spite of the fact that many people move to urban areas every year, the percentages have dropped over time. For instance, the World Bank report states that, from 67% in 1960 to 45% in 2017, the global rural population tumbled. Compared to other major producing markets, such as Brazil and other countries in South America, India, and China, Southeast Asia still has low levels of mechanisation in the sugar cane sector, and particularly in sugar cane harvesting.
Restraint:
Lack of consumer awareness
One of the biggest problems facing the sugarcane harvester market as a whole is the lack of consumer awareness of the product. Even though states like Uttar Pradesh produce the most sugarcane, sugarcane harvesting is not widely practised there. The region's low demand has been exacerbated by a lack of industry participants, uncertainty about subsidies, and regional politics centred on labour and sugar factories.
Opportunity:
Aggressive tactics by companies
Growing company presence and aggressive tactics used by them to increase market penetration are key factors influencing market growth. Companies like New Holland are encouraging private and cooperative sugar factories to implement mechanised sugarcane harvesting within their sphere of influence by entering into agreements and working together with them. Manufacturers are assisting factories, educating farmers about the advantages of mechanised sugarcane harvesting, and changing plantation patterns to accommodate mechanised harvesting.
Threat:
Lack of man power and unequal subsidies
If sugarcane is not harvested in a timely manner, both farmers and sugar factories may suffer significant losses. The lack of manual labour is also a factor in this situation. Governments provide significant subsidies on the purchase of sugarcane harvesting equipment in order to avoid such scenarios. Each state has different subsidies offered by various state governments. Recently, the country experienced political turmoil due to the cancellation of subsidies.
COVID-19 Impact:
Migrant workers are prohibited from relocating because of the COVID outbreak, which reduces the supply of workers for harvesting. However, as a result of this circumstance, farmers had a need for sugarcane harvesting equipment and market entry opportunities. Over the forecast period, migration from rural to urban areas has resulted in relatively stable labour shortages during the harvest season. The use of sugarcane harvesters has been encouraged by the government as a method of aiding farmers who purchase or rent machinery.
The whole stalk harvester segment is expected to be the largest during the forecast period
The whole stalk sugarcane harvester segment is expected to dominate the largest market share during the projection period because canes degrade at a moderate pace compared to cane billets and the machine is frequently used in situations where canes are standing upright. Due to the small amount of cutting surface exposed to the atmosphere, it has a low rate of cane deterioration, which lowers the risk of organisms entering the stalk. Over the coming years, these factors will increase the market for whole-stalk harvesters' revenue generation.
The single row segment is expected to have the highest CAGR during the forecast period
Due to the product's superior cost benefits compared to the conventional model, the single-row sugarcane harvester segment is anticipated to experience the highest growth over the forecast period. Additionally, single-row maintenance is comparatively simple, and parts are readily available. Moreover, demand for the product is anticipated to be boosted by companies streamlining harvester preventive maintenance to ensure high productivity.
Region with largest share:
With India as the region's largest market, the Asia-Pacific region is predicted to have the largest market revenue share over the forecast period. Innovations in technology that are specifically tailored to the needs of Indian farmers are the driving force behind the market's expansion. Additionally, farmers are becoming increasingly dependent on farming equipment, particularly during post-harvest activities, as the number of agricultural workers in nations like China and India is declining.
Region with highest CAGR:
Due to its favourable environment, including subsidies provided by various government policies that encourage farmers to buy farming equipment, the Asia-Pacific region is anticipated to have the highest CAGR during the forecast period. Furthermore, demand for this product is also anticipated to increase during this period of time. In recent years, labour shortages and high wages have had a significant impact on the prompt harvesting of crops. Due to issues with a labour shortage, the Indian government gave farmers subsidies for machinery, and safety precautions were taken.
Key players in the market
Some of the key players in Sugarcane Harvesters market include: Tropical agricultural Machine Group, Tirth Agro Technology, AGREEVISION, Zoomlion Heavy Machinery, Massey Ferguson, Weldcraft Industries, New Holland Agriculture, Orchard Machinery, Deere & Company, Case IH and AGCO .
Key Developments:
In February 2022, John Deere acquired Deere-Hitachi Factories, beginning the new license and supply agreements with Hitachi.
Types Covered:
- Whole Stalk Harvester
- Chopper Harvesters
Swath Widths Covered:
- Multiple Row
- Single Row
Products Covered:
- Tractor Mounted
- Self-Propelled
Ownerships Covered:
- Owned
- Leased/Hired
Applications Covered:
- Farm
- Rent
Regions Covered:
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- Italy
- France
- Spain
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia
- New Zealand
- South Korea
- Rest of Asia Pacific
- South America
- Argentina
- Brazil
- Chile
- Rest of South America
- Middle East & Africa
- Saudi Arabia
- UAE
- Qatar
- South Africa
- Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
- Company Profiling
- Comprehensive profiling of additional market players (up to 3)
- SWOT Analysis of key players (up to 3)
- Regional Segmentation
- Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
- Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
- 2.1 Abstract
- 2.2 Stake Holders
- 2.3 Research Scope
- 2.4 Research Methodology
- 2.4.1 Data Mining
- 2.4.2 Data Analysis
- 2.4.3 Data Validation
- 2.4.4 Research Approach
- 2.5 Research Sources
- 2.5.1 Primary Research Sources
- 2.5.2 Secondary Research Sources
- 2.5.3 Assumptions
3 Market Trend Analysis
- 3.1 Introduction
- 3.2 Drivers
- 3.3 Restraints
- 3.4 Opportunities
- 3.5 Threats
- 3.6 Product Analysis
- 3.7 Application Analysis
- 3.8 Emerging Markets
- 3.9 Impact of Covid-19
4 Porters Five Force Analysis
- 4.1 Bargaining power of suppliers
- 4.2 Bargaining power of buyers
- 4.3 Threat of substitutes
- 4.4 Threat of new entrants
- 4.5 Competitive rivalry
5 Global Sugarcane Harvesters Market, By Type
- 5.1 Introduction
- 5.2 Whole Stalk Harvester
- 5.3 Chopper Harvesters
6 Global Sugarcane Harvesters Market, By Swath Width
- 6.1 Introduction
- 6.2 Multiple Row
- 6.3 Single Row
7 Global Sugarcane Harvesters Market, By Product
- 7.1 Introduction
- 7.2 Tractor Mounted
- 7.3 Self-Propelled
8 Global Sugarcane Harvesters Market, By Ownership
- 8.1 Introduction
- 8.2 Owned
- 8.3 Leased/Hired
9 Global Sugarcane Harvesters Market, By Application
- 9.1 Introduction
- 9.2 Farm
- 9.3 Rent
10 Global Sugarcane Harvesters Market, By Geography
- 10.1 Introduction
- 10.2 North America
- 10.2.1 US
- 10.2.2 Canada
- 10.2.3 Mexico
- 10.3 Europe
- 10.3.1 Germany
- 10.3.2 UK
- 10.3.3 Italy
- 10.3.4 France
- 10.3.5 Spain
- 10.3.6 Rest of Europe
- 10.4 Asia Pacific
- 10.4.1 Japan
- 10.4.2 China
- 10.4.3 India
- 10.4.4 Australia
- 10.4.5 New Zealand
- 10.4.6 South Korea
- 10.4.7 Rest of Asia Pacific
- 10.5 South America
- 10.5.1 Argentina
- 10.5.2 Brazil
- 10.5.3 Chile
- 10.5.4 Rest of South America
- 10.6 Middle East & Africa
- 10.6.1 Saudi Arabia
- 10.6.2 UAE
- 10.6.3 Qatar
- 10.6.4 South Africa
- 10.6.5 Rest of Middle East & Africa
11 Key Developments
- 11.1 Agreements, Partnerships, Collaborations and Joint Ventures
- 11.2 Acquisitions & Mergers
- 11.3 New Product Launch
- 11.4 Expansions
- 11.5 Other Key Strategies
12 Company Profiling
- 12.1 Tropical agricultural Machine Group
- 12.2 Tirth Agro Technology
- 12.3 AGREEVISION
- 12.4 Zoomlion Heavy Machinery
- 12.5 Massey Ferguson
- 12.6 Weldcraft Industries
- 12.7 New Holland Agriculture
- 12.8 Orchard Machinery
- 12.9 Deere & Company
- 12.10 Case IH
- 12.11 AGCO
List of Tables
- Table 1 Global Sugarcane Harvesters Market Outlook, By Region (2020-2028) ($MN)
- Table 2 Global Sugarcane Harvesters Market Outlook, By Type (2020-2028) ($MN)
- Table 3 Global Sugarcane Harvesters Market Outlook, By Whole Stalk Harvester (2020-2028) ($MN)
- Table 4 Global Sugarcane Harvesters Market Outlook, By Chopper Harvesters (2020-2028) ($MN)
- Table 5 Global Sugarcane Harvesters Market Outlook, By Swath Width (2020-2028) ($MN)
- Table 6 Global Sugarcane Harvesters Market Outlook, By Multiple Row (2020-2028) ($MN)
- Table 7 Global Sugarcane Harvesters Market Outlook, By Single Row (2020-2028) ($MN)
- Table 8 Global Sugarcane Harvesters Market Outlook, By Product (2020-2028) ($MN)
- Table 9 Global Sugarcane Harvesters Market Outlook, By Tractor Mounted (2020-2028) ($MN)
- Table 10 Global Sugarcane Harvesters Market Outlook, By Self-Propelled (2020-2028) ($MN)
- Table 11 Global Sugarcane Harvesters Market Outlook, By Ownership (2020-2028) ($MN)
- Table 12 Global Sugarcane Harvesters Market Outlook, By Owned (2020-2028) ($MN)
- Table 13 Global Sugarcane Harvesters Market Outlook, By Leased/Hired (2020-2028) ($MN)
- Table 14 Global Sugarcane Harvesters Market Outlook, By Application (2020-2028) ($MN)
- Table 15 Global Sugarcane Harvesters Market Outlook, By Farm (2020-2028) ($MN)
- Table 16 Global Sugarcane Harvesters Market Outlook, By Rent (2020-2028) ($MN)
- Table 17 North America Sugarcane Harvesters Market Outlook, By Country (2020-2028) ($MN)
- Table 18 North America Sugarcane Harvesters Market Outlook, By Type (2020-2028) ($MN)
- Table 19 North America Sugarcane Harvesters Market Outlook, By Whole Stalk Harvester (2020-2028) ($MN)
- Table 20 North America Sugarcane Harvesters Market Outlook, By Chopper Harvesters (2020-2028) ($MN)
- Table 21 North America Sugarcane Harvesters Market Outlook, By Swath Width (2020-2028) ($MN)
- Table 22 North America Sugarcane Harvesters Market Outlook, By Multiple Row (2020-2028) ($MN)
- Table 23 North America Sugarcane Harvesters Market Outlook, By Single Row (2020-2028) ($MN)
- Table 24 North America Sugarcane Harvesters Market Outlook, By Product (2020-2028) ($MN)
- Table 25 North America Sugarcane Harvesters Market Outlook, By Tractor Mounted (2020-2028) ($MN)
- Table 26 North America Sugarcane Harvesters Market Outlook, By Self-Propelled (2020-2028) ($MN)
- Table 27 North America Sugarcane Harvesters Market Outlook, By Ownership (2020-2028) ($MN)
- Table 28 North America Sugarcane Harvesters Market Outlook, By Owned (2020-2028) ($MN)
- Table 29 North America Sugarcane Harvesters Market Outlook, By Leased/Hired (2020-2028) ($MN)
- Table 30 North America Sugarcane Harvesters Market Outlook, By Application (2020-2028) ($MN)
- Table 31 North America Sugarcane Harvesters Market Outlook, By Farm (2020-2028) ($MN)
- Table 32 North America Sugarcane Harvesters Market Outlook, By Rent (2020-2028) ($MN)
- Table 33 Europe Sugarcane Harvesters Market Outlook, By Country (2020-2028) ($MN)
- Table 34 Europe Sugarcane Harvesters Market Outlook, By Type (2020-2028) ($MN)
- Table 35 Europe Sugarcane Harvesters Market Outlook, By Whole Stalk Harvester (2020-2028) ($MN)
- Table 36 Europe Sugarcane Harvesters Market Outlook, By Chopper Harvesters (2020-2028) ($MN)
- Table 37 Europe Sugarcane Harvesters Market Outlook, By Swath Width (2020-2028) ($MN)
- Table 38 Europe Sugarcane Harvesters Market Outlook, By Multiple Row (2020-2028) ($MN)
- Table 39 Europe Sugarcane Harvesters Market Outlook, By Single Row (2020-2028) ($MN)
- Table 40 Europe Sugarcane Harvesters Market Outlook, By Product (2020-2028) ($MN)
- Table 41 Europe Sugarcane Harvesters Market Outlook, By Tractor Mounted (2020-2028) ($MN)
- Table 42 Europe Sugarcane Harvesters Market Outlook, By Self-Propelled (2020-2028) ($MN)
- Table 43 Europe Sugarcane Harvesters Market Outlook, By Ownership (2020-2028) ($MN)
- Table 44 Europe Sugarcane Harvesters Market Outlook, By Owned (2020-2028) ($MN)
- Table 45 Europe Sugarcane Harvesters Market Outlook, By Leased/Hired (2020-2028) ($MN)
- Table 46 Europe Sugarcane Harvesters Market Outlook, By Application (2020-2028) ($MN)
- Table 47 Europe Sugarcane Harvesters Market Outlook, By Farm (2020-2028) ($MN)
- Table 48 Europe Sugarcane Harvesters Market Outlook, By Rent (2020-2028) ($MN)
- Table 49 Asia Pacific Sugarcane Harvesters Market Outlook, By Country (2020-2028) ($MN)
- Table 50 Asia Pacific Sugarcane Harvesters Market Outlook, By Type (2020-2028) ($MN)
- Table 51 Asia Pacific Sugarcane Harvesters Market Outlook, By Whole Stalk Harvester (2020-2028) ($MN)
- Table 52 Asia Pacific Sugarcane Harvesters Market Outlook, By Chopper Harvesters (2020-2028) ($MN)
- Table 53 Asia Pacific Sugarcane Harvesters Market Outlook, By Swath Width (2020-2028) ($MN)
- Table 54 Asia Pacific Sugarcane Harvesters Market Outlook, By Multiple Row (2020-2028) ($MN)
- Table 55 Asia Pacific Sugarcane Harvesters Market Outlook, By Single Row (2020-2028) ($MN)
- Table 56 Asia Pacific Sugarcane Harvesters Market Outlook, By Product (2020-2028) ($MN)
- Table 57 Asia Pacific Sugarcane Harvesters Market Outlook, By Tractor Mounted (2020-2028) ($MN)
- Table 58 Asia Pacific Sugarcane Harvesters Market Outlook, By Self-Propelled (2020-2028) ($MN)
- Table 59 Asia Pacific Sugarcane Harvesters Market Outlook, By Ownership (2020-2028) ($MN)
- Table 60 Asia Pacific Sugarcane Harvesters Market Outlook, By Owned (2020-2028) ($MN)
- Table 61 Asia Pacific Sugarcane Harvesters Market Outlook, By Leased/Hired (2020-2028) ($MN)
- Table 62 Asia Pacific Sugarcane Harvesters Market Outlook, By Application (2020-2028) ($MN)
- Table 63 Asia Pacific Sugarcane Harvesters Market Outlook, By Farm (2020-2028) ($MN)
- Table 64 Asia Pacific Sugarcane Harvesters Market Outlook, By Rent (2020-2028) ($MN)
- Table 65 South America Sugarcane Harvesters Market Outlook, By Country (2020-2028) ($MN)
- Table 66 South America Sugarcane Harvesters Market Outlook, By Type (2020-2028) ($MN)
- Table 67 South America Sugarcane Harvesters Market Outlook, By Whole Stalk Harvester (2020-2028) ($MN)
- Table 68 South America Sugarcane Harvesters Market Outlook, By Chopper Harvesters (2020-2028) ($MN)
- Table 69 South America Sugarcane Harvesters Market Outlook, By Swath Width (2020-2028) ($MN)
- Table 70 South America Sugarcane Harvesters Market Outlook, By Multiple Row (2020-2028) ($MN)
- Table 71 South America Sugarcane Harvesters Market Outlook, By Single Row (2020-2028) ($MN)
- Table 72 South America Sugarcane Harvesters Market Outlook, By Product (2020-2028) ($MN)
- Table 73 South America Sugarcane Harvesters Market Outlook, By Tractor Mounted (2020-2028) ($MN)
- Table 74 South America Sugarcane Harvesters Market Outlook, By Self-Propelled (2020-2028) ($MN)
- Table 75 South America Sugarcane Harvesters Market Outlook, By Ownership (2020-2028) ($MN)
- Table 76 South America Sugarcane Harvesters Market Outlook, By Owned (2020-2028) ($MN)
- Table 77 South America Sugarcane Harvesters Market Outlook, By Leased/Hired (2020-2028) ($MN)
- Table 78 South America Sugarcane Harvesters Market Outlook, By Application (2020-2028) ($MN)
- Table 79 South America Sugarcane Harvesters Market Outlook, By Farm (2020-2028) ($MN)
- Table 80 South America Sugarcane Harvesters Market Outlook, By Rent (2020-2028) ($MN)
- Table 81 Middle East & Africa Sugarcane Harvesters Market Outlook, By Country (2020-2028) ($MN)
- Table 82 Middle East & Africa Sugarcane Harvesters Market Outlook, By Type (2020-2028) ($MN)
- Table 83 Middle East & Africa Sugarcane Harvesters Market Outlook, By Whole Stalk Harvester (2020-2028) ($MN)
- Table 84 Middle East & Africa Sugarcane Harvesters Market Outlook, By Chopper Harvesters (2020-2028) ($MN)
- Table 85 Middle East & Africa Sugarcane Harvesters Market Outlook, By Swath Width (2020-2028) ($MN)
- Table 86 Middle East & Africa Sugarcane Harvesters Market Outlook, By Multiple Row (2020-2028) ($MN)
- Table 87 Middle East & Africa Sugarcane Harvesters Market Outlook, By Single Row (2020-2028) ($MN)
- Table 88 Middle East & Africa Sugarcane Harvesters Market Outlook, By Product (2020-2028) ($MN)
- Table 89 Middle East & Africa Sugarcane Harvesters Market Outlook, By Tractor Mounted (2020-2028) ($MN)
- Table 90 Middle East & Africa Sugarcane Harvesters Market Outlook, By Self-Propelled (2020-2028) ($MN)
- Table 91 Middle East & Africa Sugarcane Harvesters Market Outlook, By Ownership (2020-2028) ($MN)
- Table 92 Middle East & Africa Sugarcane Harvesters Market Outlook, By Owned (2020-2028) ($MN)
- Table 93 Middle East & Africa Sugarcane Harvesters Market Outlook, By Leased/Hired (2020-2028) ($MN)
- Table 94 Middle East & Africa Sugarcane Harvesters Market Outlook, By Application (2020-2028) ($MN)
- Table 95 Middle East & Africa Sugarcane Harvesters Market Outlook, By Farm (2020-2028) ($MN)
- Table 96 Middle East & Africa Sugarcane Harvesters Market Outlook, By Rent (2020-2028) ($MN)
