Market Overview
The Global Precision Harvesting Market is projected to reach the market value of
USD 14.6 billion in 2024 which is further expected to grow
USD 32.6 billion in 2033 at a
CAGR of 9.3%.
The Precision Harvesting Market in agriculture technology (AgTech) optimizes harvesting with the usage of advanced tools like GPS, sensors, and robotics. Automation streamlines harvesting, reducing manual labor. Sensors accumulate facts on information about the health and environmental conditions of crops for informed decisions, whilst GPS guarantees particular system movement.
Remote tracking permits actual-time adjustments, and integration with precision agriculture complements standard farming performance. Driven by the need for productivity and sustainability, this marketplace reduces expenses, minimizes waste, and boosts yield quality. As technology progresses, precision harvesting is poised to revolutionize crop collection, modernizing agriculture.
Key Takeaways
- Market Size: The global precision harvesting market is forecasted to have a market value of USD 15.8 billion in 2025 at a CAGR of 9.3%.
- Market Definition: Precision harvesting is using advanced technology and statistics analytics to optimize the timing and performance of crop collection.
- Product Segment Analysis: Combine harvesters are expected to dominate this market with 43.7% of market share in 2024.
- Offering segment Review: In the term of offering hardware is projected to dominate this market with 44.9% of market share in 2024.
- Growth Factors: Technological advancements, increasing adoption of precision agriculture practices, demand for higher productivity, and emphasis on sustainability drive growth.
- Regional Preview: North America is anticipated to dominate this market with 37.2% of market share by the end of 2024 followed by Asia – Pacific which exhibits a substantial growth with the highest CAGR.
Use Cases
- Yield Optimization: Precision harvesting permits farmers to perceive and harvest excessive-yield regions of their fields, maximizing crop production and profitability while minimizing waste and resource utilization.
- Quality Assurance: By precisely timing harvests primarily based on crop adulthood and conditions, farmers can ensure advanced best produce, assembly marketplace requirements and improving their recognition among consumers and vendors.
- Labor Efficiency: Automation and robotics reduce reliance on guide exertions, streamlining harvesting operations and liberating up hard work assets for other duties, main to price financial savings and stepped forward group of workers control.
- Environmental Sustainability: Through data-driven choice-making, precision harvesting minimizes environmental impact by means of optimizing fertilizer and pesticide utility, decreasing soil erosion, and selling sustainable farming practices.
- Risk Mitigation: Real-time monitoring and analytics allow farmers to respond speedy to unfavorable a situation which includes climate fluctuations or pest outbreaks, minimizing potential harvest.
Market Dynamic
The Precision harvesting market is rapidly developing with the assistance of various research and educational organizations globally. The major agricultural technology or precision harvesting equipment manufacturing companies globally have been extensively investing in research and development to drive the adoption of precision harvesting technologies. Also, this market is overseeing an increasing adoption of harvesting robots. According to the market data, the demand for precision harvesting has seen an increase last few decades due to the rising demand for this equipment for harvesting processes, advanced farming, and to development of new farming techniques.
The global precision harvesting marketplace is driven by using increasing need for food security, coupled with advancements in agricultural technology. Factors consisting of a developing populace, shrinking arable land, and the want for higher productivity propel market growth. Additionally, the authority’s initiatives selling precision agriculture and adoption of automation similarly enhance the marketplace. However, factors like excessive initial investment fees and limited recognition amongst farmers avoid market penetration, posing demanding situations for growth.
Research Scope and Analysis
By Product
By the market analysis, the combine harvesters are projected to dominate the global precision harvesting market with 43.7% of the market share in 2024. Combine harvesters dominate the precision harvesting market phase more often than not due to their versatility and performance in harvesting a wide range of crops. These machines are capable of performing a couple of tasks in a single operation, inclusive of cutting, threshing, and cleaning, which streamlines the harvesting technique and reduces the need for more than one piece of gadget.
Combine harvesters are especially properly prepared for huge-scale farming operations, where velocity and productivity are vital for meeting harvest deadlines. Additionally, non-stop technological advancements have in addition more desirable the competencies of integrated harvesters, making them increasingly attractive to farmers looking to maximize yield and decrease exertions costs. As a result, combine harvesters remain the desired choice for precision harvesting across diverse agricultural landscapes like sustainable farming practices and new farming techniques.
By Offering
The market scenario of the global precision harvesting market in the context of offering is tilted toward the hardware as they are expected to dominate this marketplace with 44.9% of market share in 2024 due to its foundational position in allowing superior agricultural operations. Automation and control systems provide the vital infrastructure for deploying robotics and autonomous equipment, riding efficiency, and productiveness within the subject.
Sensing devices, inclusive of GPS trackers and crop sensors, acquire important statistics for choice-making, improving precision, and optimization during the harvesting method. While software and offerings play important roles in facts evaluation and management, the tangible nature of hardware stays vital for implementing present-day technologies on the farm. Moreover, ongoing advancements in hardware, which include miniaturization, durability, and affordability, retain to make bigger the talents and accessibility of precision harvesting solutions, in addition to solidifying its dominance within the precision harvesting marketplace.
By Application
Crop harvesting is projected to dominate the global precision harvesting market based on the extent of its application with the highest market share in 2024. Crop harvesting dominates the precision harvesting segment due to its direct effect on farmers' productivity and profitability. Harvesting is an important level inside the agricultural cycle, representing the result of months of investment and attempt. Precision technologies in crop harvesting offer farmers the potential to optimize yield, best, and performance.
By exactly timing harvests based on crop maturity and conditions, farmers can maximize yield capacity at the same time as minimizing losses. Additionally, advancements in harvesting machinery, together with integrated harvesters and harvesting robots, permit faster and more efficient crop collection. As a result, crop harvesting solutions get hold of great interest and investment from farmers searching to advance their operations and capitalize on marketplace possibilities, using their dominance within the precision harvesting segment.
The Precision Harvesting Market Report is segmented on the basis of the following:
By Product
- Combine Harvesters
- Harvesting Robots
- Self-propelled Forage Harvesters
By Offering
- Hardware
- Automation & Control System
- Sensing Devices
- Others
- Software
- Services
By Application
- Crop Harvesting
- Greenhouse
- Horticulture
- Others
Regional Analysis
North America is projected to dominate the precision harvesting marketplace with
37.2% of the market share in 2024 due to its advanced agricultural infrastructure adoption of precision farming practices, and huge investments in agricultural generation. The vicinity benefits from a massive agricultural quarter with massive business farming operations, which drives the need for precision harvesting solutions to optimize productivity and reduce costs. Additionally, favorable government policies, robust research and improvement tasks, and a nicely set up marketplace for agricultural equipment similarly contribute to North America's dominance in this area.
On the other hand, Asia Pacific reveals the highest compound annual increase charge (CAGR) within the precision harvesting marketplace, fueled using rapid technological advancements, growing adoption of precision agriculture practices, and growing focus amongst farmers on the benefits of precision harvesting solutions. The place's expanding population, growing food demand, and increasing want for sustainable agricultural practices additionally force the adoption of precision harvesting technologies. Furthermore, government support, specifically in countries like China and India, similarly quickens market growth in Asia Pacific.
By Region
North America
Europe
- Germany
- The U.K.
- France
- Italy
- Russia
- Spain
- Benelux
- Nordic
- Rest of Europe
Asia-Pacific
- China
- Japan
- South Korea
- India
- ANZ
- ASEAN
- Rest of Asia-Pacific
Latin America
- Brazil
- Mexico
- Argentina
- Colombia
- Rest of Latin America
Middle East & Africa
- Saudi Arabia
- UAE
- South Africa
- Israel
- Egypt
- Rest of MEA
Competitive Landscape
The worldwide precision harvesting market creates intense opposition among key gamers striving for innovation and market expansion. Industry giants inclusive of John Deere AGCO Corporation, CNH Industrial N.V., and CLAAS KGaA mbH dominate with advanced technologies and extensive infrastructure.
Besides, companies such as Kubota Corporation, SDF Group, Mahindra & Mahindra Ltd., and Yanmar Holdings Co. Ltd. are outstanding competitors in niche markets or focus on specific industries. The competitive landscape is characterized by continuous product development, strategy, and integration offered to the market. Moreover, emerging players and start-ups are introducing innovative solutions, intensifying competition, and driving technological advances in precision harvesting.
Some of the prominent players in the Global Precision Harvesting Market are:
- Deere & Company
- Trimble
- AGCO Corporation
- Raven Industries
- AG Leader
- Precision Planting
- FFRobotics
- Abundant Robotics
- Harvest Automation
- Harvest Croo Robotics
- Vision Robotics Corporation
- Teejet Technologies
- Pellenc s.a.s
- Dickey-john
- CLAAS KGaa mbH
- KUBOTA Corporation
- Other Key Players
Recent Development
- In January 2024, CNH India, led by Managing Director Narinder Mittal, plans USD 70-75 million investments in India, focusing on precision technology and localizing equipment.
- In October 2023, CNH invested in Advanced Farm Technologies, supporting smart harvesting. The partnership aims to innovate fruit picking, reducing labor costs and increasing efficiency.
- In September 2023, AGCO, a global ag machinery and tech firm, acquires 85% of Trimble's ag assets, aiming to enhance precision ag offerings and reach USD 2 billion in revenue by 2028.
- In July 2023, AgroFresh acquired Tessara, expanding its post-harvest solutions for table grapes and berries globally, aiming to reduce food waste and enhance freshness.
- In March 2023, Braiin Limited, a precision agriculture solutions company, plans to go public via a merger with Northern Revival Acquisition Corporation. Braiin offers technologies to enhance farm productivity and sustainability.
- In August 2022, Muddy Machines secures USD 1.93 million funding to develop crop harvesting robots, addressing labor shortages in farming; plans include building Sprout robots and expanding capabilities.
Report Details
| Report Characteristics |
| Market Size (2024) |
USD 14.6 Bn |
| Forecast Value (2033) |
USD 32.6 Bn |
| CAGR (2023-2032) |
9.3% |
| Historical Data |
2018 – 2023 |
| Forecast Data |
2024 – 2033 |
| Base Year |
2023 |
| Estimate Year |
2024 |
| Report Coverage |
Market Revenue Estimation, Market Dynamics, Competitive Landscape, Growth Factors and etc. |
| Segments Covered |
By Product (Combine Harvesters, Harvesting Robots, and Self-propelled Forage Harvesters), By Offering (Hardware, Software, and Services), By Application (Crop Harvesting, Greenhouse, Horticulture, and Others) |
| Regional Coverage |
North America – The US and Canada; Europe – Germany, The UK, France, Russia, Spain, Italy, Benelux, Nordic, & Rest of Europe; Asia- Pacific– China, Japan, South Korea, India, ANZ, ASEAN, Rest of APAC; Latin America – Brazil, Mexico, Argentina, Colombia, Rest of Latin America; Middle East & Africa – Saudi Arabia, UAE, South Africa, Turkey, Egypt, Israel, & Rest of MEA
|
| Prominent Players |
Deere & Company, Trimble, AGCO Corporation, Raven Industries, AG Leader, Precision Planting, FFRobotics, Abundant Robotics, Harvest Automation, Harvest Croo Robotics, Vision Robotics Corporation, Teejet Technologies, Pellenc s.a.s, Dickey-john, CLAAS KGaa mbH, KUBOTA Corporation, and Other Key Players |
| Purchase Options |
We have three licenses to opt for: Single User License (Limited to 1 user), Multi-User License (Up to 5 Users), and Corporate Use License (Unlimited User) along with free report customization equivalent to 0 analyst working days, 3 analysts working days and 5 analysts working days respectively. |
Frequently Asked Questions
The Global Precision Harvesting Market size is estimated to have a value of USD 14.6 billion in 2024 and is expected to reach USD 32.6 billion by the end of 2033.
North America is expected to be the largest market share for the Global Precision Harvesting Market with a share of about 37.2% in 2024.
Some of the major key players in the Global Precision Harvesting Market are Deere & Company, Trimble, AGCO Corporation, Raven Industries and many others.
The market is growing at a CAGR of 9.3 percent over the forecasted period.