The Harvesting Technology Global Market Report 2023, provides comprehensive information on the harvesting technology market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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As per The Business Research Company’s Harvesting Technology Global Market Report 2023, the global harvesting technology market size is expected to grow from $12.16 billion in 2022 to $12.95 billion in 2023 at a compound annual growth rate (CAGR) of 6.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global harvesting technology market size is expected to reach $16.18 billion in 2027 at a CAGR of 5.7%.
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Product innovation has emerged as a key trend gaining popularity in the harvesting technology market. Major market players are concentrating their efforts on creating innovative products to strengthen their position in the market. For instance, in August 2020, Deere & Company, a US-based manufacturer of agricultural and turf equipment, launched its new high-capacity X9 combine, which is part of its X Series line of harvesting equipment. The X9 combine is designed to increase productivity and efficiency while reducing operating costs for farmers. The unique features of the X9 combine is its ability to handle tough harvesting conditions, such as high-yielding crops or wet fields.
The harvesting technology market is segmented:
1) By Technology: Light Energy Harvesting, Vibration Energy Harvesting, Frequency Energy Harvesting, Thermal Energy Harvesting, Radio Frequency Energy Harvesting
2) By Component: Power Management Integrated Circuits, Storage System, Transducers, Sensors, Other Components
3) By Application: Horticulture, Greenhouse, Crops, Other Applications
North America was the largest region in the harvesting technology market in 2022.
The table of contents in TBRC’s harvesting technology market report includes:
- Executive Summary
- Harvesting Technology Market Characteristics
- Harvesting Technology Market Trends And Strategies
- Harvesting Technology Market – Macro Economic Scenario
- Harvesting Technology Market Size And Growth
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- Africa Harvesting Technology Market
- Harvesting Technology Market Competitive Landscape And Company Profiles
- Key Mergers And Acquisitions In The Harvesting Technology Market
- Harvesting Technology Market Future Outlook and Potential Analysis
- Appendix
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