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Global Sugarcane Harvester Market 2018-2022 | 11% CAGR Projection Over the Next Five Years| Technavio

December 28, 2018

LONDON--(BUSINESS WIRE)--Dec 28, 2018--The global sugarcane harvester market is expected to post a CAGR of close to 11% during the period 2018-2022, according to the latest market research report by .

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Technavio has published a new market research report on the global sugarcane harvester market from 2018-2022. (Graphic: Business Wire)

A key factor driving the growth of the market is the rising need to reduce manual intervention in sugarcane harvesting. The availability of agricultural workers is limited in several countries across the world. Hence, farmers must adopt labor-saving technologies. The governments of several countries are helping farmers address the shortage in the availability of agricultural workers. For instance, in December 2016, in India, the Government of Karnataka provided 12 new units of sugarcane harvesters to farmers to address the shortage of workers and increase profitability. Vendors offer sugarcane harvesters of different capacities to address the varying needs of farmers based on their land area. Thus, the rising need to reduce manual intervention in sugarcane harvesting will increase the adoption of such products and drive the growth of the global sugarcane harvester market during the forecast period.

This market research report on the also provides an analysis of the most important trends expected to impact the market outlook during the forecast period.

This report is available at a USD 1,000 discount for a limited time only:

In this report, Technavio highlights the advent of fuel-efficient sugarcane harvesters as one of the key emerging trends in the global sugarcane harvester market:

Global sugarcane harvester market: Advent of fuel-efficient sugarcane harvesters

The cost of fuel is a major part of the operations of sugarcane harvesters. The cost of fuel is rising consistently in some countries, which is increasing the cost of operating sugarcane harvesters and reducing the profitability of farmers. Hence, some vendors have developed fuel-efficient sugarcane harvesters. For instance, Deere & Company provides a smart mode to automatically reduce the speed of the primary extractor to a preset minimum to ensure economic operations. The exclusive field cruise allows the operator to set the engine speed to a minimum level in low tonnage fields to save fuel. CANETEC designed its AX7500 sugarcane harvester with an electronically controlled engine and efficient cooling packages to improve fuel efficiency. The use of such products will reduce the consumption of fuel. Hence, their adoption will increase in several countries during the forecast period.

“The presence of government initiatives to develop sugarcane industry, the preference for self-cleaning sugarcane harvesters, and the focus on increasing profitability are some other major aspects that are expected to boost the growth of the global sugarcane harvester market,” says a senior analyst at Technavio.

Global sugarcane harvester market: Segmentation analysis

This market research report segments the global sugarcane harvester market by harvesting type (whole-stalk sugarcane harvester and chopper sugarcane harvesters), product design (self-propelled and tractor-mounted sugarcane harvesters), and geographical regions (APAC, EMEA, and the Americas).

The Americas led the market in 2017 with a market share of close to 48%, followed by APAC and EMEA respectively. During the forecast period, the APAC region is expected to register the highest incremental growth of over 1%.

Looking for more information on this market?

Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.

Some of the key topics covered in the report include:

Market Landscape

Market ecosystem Market characteristics Market segmentation analysis

Market Sizing

Market definition Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

Regional comparison Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

Vendors covered Vendor classification Market positioning of vendors Competitive scenario

About Technavio

is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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View source version on businesswire.com:https://www.businesswire.com/news/home/20181228005069/en/

CONTACT: Technavio Research

Jesse Maida

Media & Marketing Executive

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KEYWORD:

INDUSTRY KEYWORD: NATURAL RESOURCES AGRICULTURE

SOURCE: Technavio Research

Copyright Business Wire 2018.

PUB: 12/28/2018 10:05 AM/DISC: 12/28/2018 10:05 AM

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