Pre-Harvest Equipment Market Size, Share, Growth Analysis, By Type(Primary Tillage Equipment, Secondary Tillage Equipment, Planting Equipment, Irrigation Equipment), By Application(Agricultural, and Experimental), By Distribution Channel(OEM, and Aftermarkets), By Region - Industry Forecast 2024-2031

Pre-Harvest Equipment Market was valued at USD 58.61 billion in 2022 and is poised to grow from USD 62.21 billion in 2023 to reach USD 100.29 billion by 2031, at a CAGR of 6.15% during the forecast period (2024-2031).

The competitive landscape for the pre-harvest equipment industry is fragmented in nature by competitors. A company's overview, financials, revenue, market potential, investments in R&D, new market initiatives, presence, production facilities and sites, production capacities, company strengths and weaknesses, product launches, product breadth and depth, and application dominance are among the details provided. The information above only relates to the companies' market focus on pre-harvest equipment. 'Deere & Company', 'AGCO Corporation', 'CNH Industrial N.V.', 'Mahindra & Mahindra Ltd.', 'Kubota Corporation', 'CLAAS KGaA mbH', 'Bucher Industries AG', 'Iseki & Co. Ltd.', 'Escorts Limited', 'Tractors and Farm Equipment Ltd. (TAFE)', 'Yanmar Co. Ltd.', 'Kuhn Group', 'SAME Deutz-Fahr Group', 'Exel Industries', 'Kverneland Group', 'Vermeer Corporation', 'Alamo Group Inc.', 'Great Plains Manufacturing Inc.', 'Art's Way Manufacturing Co. Inc.', 'Bucher Municipal AG', 'In March 2024, French company SIZA Robotics launched its commercial pre-series of an autonomous robot for vegetable and beet crops. The machine, named TOOGO, can now be ordered and will be available in 2025. ', 'In January 2024, Linamar Corporation took a significant stride in advancing its position within the agriculture sector with the acquisition of Bourgault Industries Ltd. Located in St. Brieux, Saskatchewan. Bourgault Industries is a renowned leader in broad-acre seeding, known for its cutting-edgeagricultural equipment. ', 'In March 2023, Mahindra & Mahindra’s Farm Equipment Sector (FES) completed the acquisition of a stake in MITRA Agro Equipments (M.I.T.R.A.) to increase its shareholding from the existing 47.33% to 100%, making it a wholly owned subsidiary of Mahindra.'

It is anticipated that the market for pre-harvest equipment will grow as a result of the rise in demand for food production brought on by population expansion. The desire for high-tech equipment from farmers to cut down on labour expenses involved with harvesting is anticipated to fuel the rise of pre-harvest equipment. Farm pre-harvest equipment is in demand because using contemporary farm equipment has enhanced profitability and productivity.

In the pre-harvest equipment market, some of the major companies include CNH NV, Mahindra and Mahindra Ltd., Deere & Co., Valmont Industries, Inc., Bucher Industries AG, Kubota Corporation, and Alamo Group Incorporated. Advancement in technology for the agricultural sector and their success rates have propelled more farmers to adopt these equipment. Evolution in existing equipment in the form of technological advancement and added features will serve as key industry trends.

In light of increased government initiatives and R&D activity, the market in North America is predicted to rise considerably to emerge as the region with the largest share. The market for pre-harvest equipment is also expanding as a result of greater field areas, increased corn yield, and higher agricultural revenue in the US and Canada.