The Harvesting Technology Market Which Was Growing At A Value Of 12.51 Billion In 2021 And Is Expected To Reach The Value Of USD 20.70 Billion By 2029, At A CAGR Of 6.5% During The Forecast Period Of 2022-2029.
The Harvesting Technology Market and Size
A number of newly developed and efficient energy applications, widespread acceptance of renewable energy sources, and green energy harvesting are all expected to play important roles in the global harvesting industry's growth.
Harvesting Technology Market Dynamics
Drivers
- The shortage of labours in agricultural practices
A labor shortage in agricultural practices is the primary factor driving farming communities to use efficient harvesting methods. High-value crops such as apples, strawberries, and sweet peppers are becoming less economically viable due to rising labour costs and a decreased number of skilled workers. Farmers of such fruits are increasingly turning to crop sensing solutions to facilitate effective plucking without causing physical damage to the fruit.
Opportunity
Firms in the target industry focus on business growth through strategies such as advanced product launches, capacity expansion, and heavy production investments in their facilities, which are expected to flourish soon as the global harvesting technology market grows. Furthermore, site-specific nutrient management with precision agriculture, increased demand for industrial crops, and investment in agricultural operations in developing countries provide profitable opportunities to market participants.
Restraints
The high initial cost of purchasing and integrating machines is expected to impede the growth of the precision harvesting market. The precision harvesting market is expected to face challenges in the forecast period due to farmers' lack of penetration and skills required to fully integrate precision harvesting and agriculture.
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Harvesting Technology Market Scope
The harvesting technology market is segmented on the basis of technology, components and application. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Technology
- Light energy harvesting
- Vibration energy harvesting
- Frequency energy harvesting
- Thermal energy harvesting
- Radio frequency energy harvesting
Components
- Power Management Integrated Circuits
- Storage system
- Transducers
- Sensors
- Others
Application
- Horticulture
- Greenhouse
- Crops
- Others
Competitive Landscape and Harvesting Technology Market Share Analysis
The Harvesting Technology market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to Harvesting Technology market.
Key Players Harvesting Technology Market
- Yara International ASA (Norway)
- Koch AG & Energy Solutions LLC (U.S.)
- Coromandel International Limited (India)
- Agriculture Solutions Inc. (Canada)
- Hafia Groups (Israel)
- Sapec Agro S.A. (Portugal)
- Kugler Company (U.S.)
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Harvesting Technology Market Regional Analysis/Insights
The countries covered in the Harvesting Technology market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Research Methodology: Global Harvesting Technology Market
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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