Sugarcane Harvesters Market Size
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 1.48 Billion |
| Market Size (2029) | USD 4.12 Billion |
| CAGR (2024 - 2029) | 22.60 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Sugarcane Harvesters Market Analysis
The Sugarcane Harvesters Market size is estimated at USD 1.48 billion in 2024, and is expected to reach USD 4.12 billion by 2029, at a CAGR of 22.60% during the forecast period (2024-2029).
Sugarcane, a significant industrial crop, is cultivated in over 90 countries worldwide. Brazil, India, China, Pakistan, and Thailand are the top sugarcane producers globally. According to the Food and Agriculture Organization (FAO), Brazil produced more than 724.4 million metric tons of sugarcane in 2023, followed by India with over 439.4 million metric tons and China with 103.9 million metric tons. The global sugarcane harvester market has steadily evolved over the past decade, transforming sugarcane production worldwide. These specialized machines have become increasingly important in addressing labor shortages, meeting productivity demands, and addressing sustainability concerns in the sugarcane industry.
Brazil, the world's largest sugarcane producer, has been at the forefront of adopting and driving innovations in sugarcane harvesting technology. Over 95% of the sugarcane harvest in regions like Sao Paulo is mechanized, significantly increasing productivity. The demand for sugarcane harvesters in Brazil has been strong, with major manufacturers such as Case IH and John Deere maintaining a significant presence with various models.
Technological advancements have been a key feature of the global sugarcane harvester market. Modern harvesters now commonly include GPS guidance systems, yield monitoring technologies, and precision cutting mechanisms. For instance, In 2023, CNH Industrial introduced its new Austoft 9000 series, featuring AI-powered optimization systems that adjust harvesting parameters in real-time based on crop and field conditions.
Sugarcane Harvesters Market Trends
Decline in Farm Labor Driving the Market for Sugarcane Harvesters
- Developing economies traditionally have higher percentages of their population engaged in agriculture, though these figures have decreased over time due to urbanization. The Indian Council of Food and Agriculture (ICFA) forecasts a 25.7% decline in India's agricultural workforce by 2050, driving up demand for agricultural equipment. A United States Department of Agriculture (USDA) report indicates that farm employment, which forms the majority of agricultural jobs, decreased by 81% over the past decade, with labor hours worked falling by 83%. This decline is attributed to workers seeking higher wages and alternative income sources in non-agricultural sectors.
- The agricultural landscape has shifted towards fewer, larger farms and the adoption of labor-saving technologies such as more powerful tractors, combines, and automated feeding systems, reducing the need for farm workers. While the total hours worked continued to decrease in the last decade of the study, the rate of decline slowed compared to previous decades. This trend has led to increased demand for agricultural machinery, including sugar harvesters, which is expected to grow during the forecast period. Sugarcane harvesters have become crucial for farmers, offering efficiency and cost-effectiveness while boosting productivity. However, the mechanization of the sugarcane sector, particularly in harvesting, remains limited in Southeast Asia compared to major producing markets like Brazil, other South American countries, India, and China.
Asia-Pacific is the Fastest-growing Market
- The Asia-Pacific region is expected to be the fastest-growing market for sugarcane harvesters, with India as the dominant market. Technological innovations tailored to the specific needs of Indian farmers are driving market growth. The decline in the agricultural workforce in countries like India and China is increasing farmers' dependence on farming machinery, particularly for post-harvesting activities.
- India relies heavily on efficient sugarcane harvesting techniques to maintain its position in the global market. The mini sugarcane harvester has gained popularity due to its affordability, ease of operation, and suitability for small to medium-sized farms. John Deere and New Holland are among the prominent companies introducing sugarcane harvesters in India.
- Labor scarcity and high wage rates have affected timely crop harvesting in recent years. To address labor shortages, the Indian government has provided subsidized machinery to farmers, allowing usage with appropriate safety features. The "Sub-Mission on Agricultural Mechanization" scheme, launched by the government, offers financial assistance to farmers for purchasing sugarcane harvesters. This initiative has significantly increased the adoption of mechanized harvesting methods, driving demand for sugarcane harvesters in the region.
- The Asia Pacific region has seen increased sugar consumption due to population growth, urbanization, and changing dietary habits. This heightened demand has led to an expansion of sugarcane cultivation areas from 10.3 million hectares in 2020 to more than 10.9 million hectares in 2023. Countries such as Thailand and Indonesia have focused on improving productivity, directly contributing to the growing need for efficient harvesting equipment. The market's growth in the coming years is expected to be enhanced by anticipated improvements in weather conditions, stable sugarcane prices, and continued government support.
Sugarcane Harvesters Industry Overview
The sugarcane harvesters market is consolidated in nature. Deere & Company, CNH Industrial NV, AGCO Corporation, Simon Group, and Claas KGaA mBH are some of the prominent players in this market. These players are expanding their presence in many regional markets by partnering with domestic manufacturers to strengthen their foothold in the market. New product launches, partnerships, and acquisitions are the major strategies adopted by the leading companies in the market in the country. Investments in R&D and developing novel product portfolios will also likely be crucial strategies in the coming years.
Sugarcane Harvesters Market Leaders
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Deere & Company
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CNH Industrial N.V.
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AGCO Corporation
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Simon Group
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Claas KGaA mBH
*Disclaimer: Major Players sorted in no particular order
Sugarcane Harvesters Market News
- December 2023: John Deere invested USD 37 million to construct the Technology Development Center, its first global development and testing facility focused on tropical agriculture. This center aims to foster collaboration among various R&D teams dedicated to designing and validating new products and technologies for sugarcane and specialty crops.
- August 2023: Case IH has launched its latest Austoft 9000 sugarcane harvester series in the Middle East and Africa region. The new Austoft 9000 series incorporates the most recent Case IH sugarcane harvester advancements, including AFS (Advanced Farming Systems) precision technology, auto-guidance, and new AFS Connect telematics with 4G connectivity. It integrates a more powerful 420 hp FPT Cursor 11 engine with an intelligent hydraulic system, delivering increased working capacity at reduced operating costs.
Sugarcane Harvesters Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions & Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Decline in Farm Labor Availability
4.2.2 Increasing Mechanization in Agriculture
4.2.3 Rising Demand for Efficient Harvesting Technologies
4.3 Market Restraints
4.3.1 High Initial Cost of Harvesters
4.3.2 Limited Access to Advanced Machinery in Developing Regions
4.4 Porter's Five Forces Analysis
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitutes
4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 Type
5.1.1 Whole Stalk Harvesters
5.1.2 Chopper Harvesters
5.2 Geography
5.2.1 North America
5.2.1.1 United States
5.2.1.2 Canada
5.2.1.3 Mexico
5.2.1.4 Rest of North America
5.2.2 Europe
5.2.2.1 France
5.2.2.2 Portugal
5.2.2.3 Spain
5.2.2.4 Rest of Europe
5.2.3 Asia-Pacific
5.2.3.1 India
5.2.3.2 China
5.2.3.3 Thailand
5.2.3.4 Japan
5.2.3.5 Australia
5.2.3.6 Rest of Asia-Pacific
5.2.4 South America
5.2.4.1 Brazil
5.2.4.2 Argentina
5.2.4.3 Rest of south America
5.2.5 Africa
5.2.5.1 South Africa
5.2.5.2 Rest of Africa
6. COMPETITIVE LANDSCAPE
6.1 Most Adopted Strategies
6.2 Most Active Companies
6.3 Market Share Analysis
6.4 Company Profiles
6.4.1 Tirth Agro Technology
6.4.2 Zoomlion Heavy Machinery
6.4.3 Weldcraft Industries
6.4.4 CNH Industrial N.V.
6.4.5 AGCO Corporation
6.4.6 CLAAS KGaA mbH
6.4.7 Simon Group
6.4.8 Deere & Company
6.4.9 Shanghai Sheng Qian Industry Co., Ltd.
6.4.10 Sv Agro Industries Pvt ltd
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Sugarcane Harvesters Industry Segmentation
A sugarcane harvester is a large piece of agricultural machinery used to harvest and partially process sugarcane by cutting the stalks at the base, stripping leaves, and removing dust and dirt particles. The sugarcane harvesters market is segmented by type into whole stalk harvesters and chopper harvesters and geography into North America, Europe, Asia-Pacific, South America, and Africa. The report offers the market size and forecasts for volume (units) and value (USD) for all the above segments.
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| Whole Stalk Harvesters | |
| Chopper Harvesters |
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Sugarcane Harvesters Market Research FAQs
How big is the Sugarcane Harvesters Market?
The Sugarcane Harvesters Market size is expected to reach USD 1.48 billion in 2024 and grow at a CAGR of 22.60% to reach USD 4.12 billion by 2029.
What is the current Sugarcane Harvesters Market size?
In 2024, the Sugarcane Harvesters Market size is expected to reach USD 1.48 billion.
Who are the key players in Sugarcane Harvesters Market?
Deere & Company, CNH Industrial N.V., AGCO Corporation, Simon Group and Claas KGaA mBH are the major companies operating in the Sugarcane Harvesters Market.
Which is the fastest growing region in Sugarcane Harvesters Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Sugarcane Harvesters Market?
In 2024, the North America accounts for the largest market share in Sugarcane Harvesters Market.
What years does this Sugarcane Harvesters Market cover, and what was the market size in 2023?
In 2023, the Sugarcane Harvesters Market size was estimated at USD 1.15 billion. The report covers the Sugarcane Harvesters Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Sugarcane Harvesters Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Sugarcane Harvesters Industry Report
Statistics for the 2024 Sugarcane Harvesters market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Sugarcane Harvesters analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
Sugarcane Harvesters Market Report Snapshots
