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Harvester Market to Be Worth $42.51 Billion by 2031 – Exclusive Report by Meticulous Research®

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REDDING, Calif., Jan. 15, 2025 /PRNewswire/ — According to a new market research report titled ‘Harvester Market by Type (Combine Harvester, Forage Harvester, Potato Harvester, Reapers), Mode of Operation (Automatic), Propulsion Type (Electric), Power (Below 150 HP), and Crop Type – Global (Analysis, Outlook, Leaders, Report, Trends, Forecast, Segmentation, Growth, Value) Forecast to 2031.

The harvester market is projected to reach $42.51 billion by 2031, at a CAGR of 4.9% during the forecast period 2024–2031.

Download FREE PDF Brochure Of Harvester Market – https://www.meticulousresearch.com/download-sample-report/cp_id=6076

A harvester is a machine used in agriculture to collect crops once they are ripe for harvesting. It is a key piece of equipment that helps farmers efficiently gather crops such as wheat, corn, rice, and other grains. The use of harvesters greatly enhances productivity, reduces labor costs, and helps ensure that crops are collected at the optimal time to prevent losses.

The growth of the harvester market is primarily driven by the increasing global demand for food, rising crop production, increasing agricultural mechanization, and the growing adoption of advanced harvesting technologies. However, the high initial investment required for purchasing harvesters may restrain market growth.

Additionally, innovations in smart agriculture and the expansion of emerging markets are expected to create growth opportunities for stakeholders in this sector. However, the shortage of skilled workers to operate advanced harvesters remains a significant challenge to the market’s growth. Furthermore, the growing integration of automation and robotics in harvesting equipment, along with the increasing demand for sustainable farming practices, are key trends in the harvester market.

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The harvester market is segmented based on type (combine harvester, forage harvester, sugarbeet harvester, potato harvester, wine grape harvester, reapers, and other harvesters), mode of operation (semi-automatic, harvesters automatic harvesters manual harvesters), propulsion type (non-electric-powered harvesters, electric-powered harvesters), power (Below 150 HP, 150-300 HP, 300-450 HP, Above 450 HP), and crop type (cereals and grains, fruits & vegetables, oilseed & pulses sugarcane other crop types). The report also provides a comprehensive analysis of the harvester market in North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.

Key Findings in the Harvester Market

By Type: In 2024, the Combine Harvester Segment is Expected to Dominate the Harvester MarketBy Mode of Operation: In 2024, the Semi-automatic Harvester Segment is Expected to Dominate the Harvester MarketBy Propulsion Type: In 2024, the Non-electric-Powered Harvesters Segment is Expected to Dominate the Harvester MarketBy Power: In 2024, the Below 150 HP Segment is Expected to Account for the Largest Share of the Harvester MarketBy Crop Type: In 2024, the Cereals & Grains Segment is Expected to Account for the Largest Share of the Harvester MarketBy Geography: Asia-Pacific Expected to Dominate the Harvester Market in 2024

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Based on type, the combine harvester segment is slated to register the highest CAGR during the forecast period. The growing demand for modern combine harvesters equipped with GPS, sensors, and automation, the integration of combine harvesters with precision farming technologies, and the increasing development of fully autonomous combine harvesters are expected to drive the segment’s growth.

Based on mode of operation, the automatic harvester segment is slated to register the highest CAGR during the forecast period. Continuous advancements in automation, robotics, and artificial intelligence, along with the increasing need for higher efficiency and productivity in large-scale farming and the integration of harvesters into smart farming ecosystems, are expected to support this segment’s growth.

Based on propulsion type, the electric-powered harvester segment is slated to register the highest CAGR during the forecast period. The increasing focus on sustainability and the rising demand for energy-efficient and environmentally friendly harvesters are expected to fuel this segment’s growth.

Based on power, the below 150 HP segment is slated to register the highest CAGR during the forecast period. The benefits offered by 150 HP harvesters, such as cost-effectiveness, low maintenance, optimal power for medium-sized farms, and greater flexibility and adaptability, are expected to drive the growth of this segment.

Based on crop type, the cereals & grains segment is slated to register the highest CAGR during the forecast period. The rising global population and food demand, the need for specialized harvesters to handle various types of cereals and grains, and the increasing popularity of organic cereals and grains are expected to drive the segment’s growth.

Based on geography, the market in North America is slated to record the highest CAGR during the forecast period. The growth of this regional market is driven by factors such as the rising demand for advanced agricultural technologies, the widespread adoption of precision farming, the increasing need for high-yield crops, and the growing popularity of electric and hybrid harvesters.

The key players operating in the harvester market are CLAAS KGaA mbH (Germany), CNH Industries N.V. (U.K.), Deere & Company (U.S.), Yanmar Holdings Co., Ltd. (Japan), KUBOTA Corporation (Japan), Tractors and Farm Equipment Limited (India), Mahindra & Mahindra Ltd. (India), AGCO Corporation (U.S.), ISEKI & Co., Ltd. (Japan), SDF S.p.A. (Italy), Harvest Automation, Inc. (U.S.), Preet Group (India), and KZ Rostselmash LLC (Russia).

Harvester Industry Overview: Latest Developments from Key Industry Players

In December 2023, Swaraj, a division of Mahindra & Mahindra Ltd. (India), launched next-gen Swaraj 8200 smart harvester for Indian farmers. In addition, the company has established a dedicated harvester plant in Pithampur, Madhya Pradesh, India to cater the growing demand for harvesters.In November 2022, CLAAS KGaA mbH (Germany) invested USD 46.4 million (EUR 44 million) to increase its combine harvester production at the Harsewinkel site.In August 2022, AGCO Corporation (U.S.) launched an 800hp+ forage harvester, Fendt Katana 850, to optimize performance in large crops.In August 2022, AGCO Corporation (U.S.) launched the Fendt CORUS 500, a straw walker combine harvester, for flexible use in different crops.In July 2022, Mahindra & Mahindra Ltd. (India) acquired Sampo Rosenlew Oy (Finland), a combine harvester manufacturer, to offer a broader product portfolio of harvesters to address the needs of farmers around the world.

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Scope of the Report:

Harvester Market Assessment—by Type

Combine HarvesterSelf-propelled HarvesterTractor-pulled Combine HarvesterPTO- powered Combine HarvesterForage HarvesterTrailed Silage HarvesterSelf-propelled Forage HarvesterTrailed Forage HarvesterOther Forage HarvestersSugarbeet HarvesterPotato HarvesterWine Grape HarvesterReapers and Other Harvesters

Harvester Market Assessment—by Mode of Operation

Semi-automatic HarvestersAutomatic HarvestersManual Harvesters

Harvester Market Assessment—by Propulsion Type

Non-electric-powered HarvestersElectric-Powered Harvesters

Harvester Market Assessment—by Power

Below 150 HP150-300 HP300-450 HPAbove 450 HP

Harvester Market Assessment—by Crops Type

Cereals and GrainsMaize/cornWheatRiceOther Cereals & GrainsFruits & VegetablesGrapesApplesCitrus FruitsPotatoSugarbeetOther Fruits & vegetablesOilseed & PulsesSugarcaneOther Crop Types

Harvester Market Assessment—by Geography

North AmericaU.S.CanadaEuropeU.K.GermanyFranceSpainItalyNetherlandsRest of EuropeAsia-PacificChinaJapanIndiaSouth KoreaIndonesiaMalaysiaRest of Asia-PacificLatin AmericaMexicoBrazilArgentinaRest of Latin AmericaMiddle East & AfricaUAESaudi ArabiaSouth AfricaRest of Middle East & Africa

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Harvester Market Research Summary

Particulars

Details

Number of Pages

270

Format

PDF

Forecast Period

2024–2031

Base Year

2024

CAGR (Value)

4.9 %

Market Size in 2024 (Value)

USD 30.49 Billion by 2024

Market Size in 2031 (Value)

USD 42.51 Billion by 2031

Segments Covered

By Type

Combine HarvesterSelf-propelled HarvesterTractor-pulled Combine HarvesterPTO-powered Combine HarvesterForage HarvesterTrailed Silage HarvesterSelf-propelled Forage HarvesterTrailed Forage HarvesterOther Forage HarvestersSugarbeet HarvesterPotato HarvesterWine Grape HarvesterReapers and Other Harvesters

By Mode of Operation

Semi-automatic HarvestersAutomatic HarvestersManual Harvesters

By Propulsion Type

Non-electric-Powered HarvestersElectric-Powered Harvesters

By Power

Below 150 HP150–300 HP300–450 HPAbove 450 HP

By Crop Type

Cereals and GrainsMaize/CornWheatRiceOther Cereals & GrainsFruits & VegetablesGrapesApplesCitrus FruitsPotatoSugarbeetOther Fruits & VegetablesOilseed & PulsesSugarcaneOther Crop Types

Countries Covered

North America (U.S., Canada), Europe (Germany, France, U.K., Italy, Spain, Netherlands, and Rest of Europe), Asia-Pacific (China, India, Japan, Australia, South Korea, Indonesia, Malaysia, and Rest of Asia-Pacific), Latin America (Brazil, Mexico, Argentina, and Rest of Latin America), and the Middle East & Africa (South Africa, Saudi Arabia, UAE, and the Rest of Middle East & Africa).

Key Companies

CLAAS KGaA mbH (Germany), CNH Industries N.V. (U.K.), Deere & Company (U.S.), Yanmar Holdings Co., Ltd. (Japan), KUBOTA Corporation (Japan), Tractors and Farm Equipment Limited (India), Mahindra & Mahindra Ltd. (India), AGCO Corporation (U.S.), ISEKI & Co., Ltd. (Japan), SDF S.p.A. (Italy), Harvest Automation, Inc. (U.S.), Preet Group (India), and KZ Rostselmash LLC (Russia)

About Meticulous Research Pvt. Ltd.

We are a trusted research partner for leading businesses worldwide, empowering Fortune 500 organizations and emerging enterprises with market intelligence designed to drive revenue transformation and strategic growth. Our insights reveal future growth opportunities, equipping clients with a competitive edge through a versatile suite of research solutions—including syndicated reports, custom research, and direct analyst engagement. Each year, we conduct over 300 syndicated studies and manage 60+ consulting engagements across eight major sectors and 20+ geographic markets, all to deliver targeted business insights that help our clients lead in a rapidly evolving global market.

With a strong focus on problem-solving for complex business challenges, our research enables organizations to navigate change with assertion, aligning it with strategic pathways for sustainable growth. By identifying innovative and effective solutions, we empower leaders to make impactful decisions that drive operational excellence and fuel innovation. We are committed to crafting insights that enhance business performance and help our clients unlock new revenue opportunities, positioning them for long-term success in the competitive global marketplace.

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Viettel Group and Vietnam’s Government Cipher Committee Unveil Security Chip Embedding Vietnamese Cryptography in Silicon

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HANOI, Vietnam, Nov. 3, 2026 /PRNewswire/ — Vietnam’s Government Cipher Committee and Viettel Group have unveiled VGC v1.0, a security chip integrating a domestically developed cryptographic algorithm directly into silicon, alongside the country’s first domestically designed secure semiconductor platform.

The project addresses concerns over potential data exposure associated with reliance on imported chips. By embedding cryptographic functions directly into hardware, Vietnam’s Government Cipher Committee and Viettel Group aim to strengthen Vietnam’s control over the design and verification of technologies used to protect sensitive information.

VGC v1.0 contains 300 million transistors in a 10 × 10 mm package and is fabricated using a 28-nanometre CMOS process. In performance tests, it performed encryption and decryption approximately 15 times faster than a software-only solution carrying out the same tasks. The first batch passed technical tests and received certification for socio-economic applications in the first quarter of 2026. Technical safeguards were also applied to protect the design before fabrication, reducing risks of information leakage and reverse engineering.

The Government Cipher Committee’s M2 unit established security requirements, developed the cryptographic algorithm and defined evaluation criteria, while Viettel Semiconductor Center designed and implemented the chip. Based on the open RISC-V instruction set architecture, the underlying platform enables Vietnamese engineers to modify processor designs and reuse established verification processes for future chip generations.

VGC v1.0 has already seen initial deployment in secure USB storage devices for Party, government and defence agencies. Planned applications include supporting Vietnam’s national digital signature certification system, which has more than two million digital certificates in circulation. Other potential uses span financial data protection, connected cameras and sensors, and critical infrastructure systems in electricity, water, oil and gas, and telecommunications. Products intended to protect state secrets would require further testing and certification under applicable standards.

“Researching, designing and developing secure semiconductor chips is a formidable challenge, requiring years of accumulated expertise, technological capabilities and highly skilled talent. Yet we believe that starting later does not mean accepting dependence on others. With the right strategy, focused resources and sustained commitment, we can steadily close the gap and move towards mastering technologies of strategic importance to our country,” said Lieutenant General Tao Duc Thang, Chairman and CEO of Viettel Group.

At the launch, the Vietnam’s Government Cipher Committee and Viettel Group signed an agreement covering plans for volume production, multicore security chips, specialist workforce development and testing on real devices. Viettel is also building a semiconductor fabrication plant in Hoa Lac as part of broader efforts to develop domestic capabilities across chip design, manufacturing and packaging.

Beyond the initial chip, the initiative establishes a foundation for future generations of security hardware, supporting Vietnam’s long-term efforts to reduce technological dependence and strengthen control over critical digital technologies.

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SOURCE Viettel Group

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USDGO Plus SP Among First Products on OSL’s Instant Redemption

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Eligible professional investors redeeming units of USDGO Plus SP through OSL may receive redemption proceeds on the same day, subject to OSL’s eligibility criteria and applicable terms and conditions

HONG KONG, Nov. 3, 2026 /PRNewswire/ — Units of PrimePlus SPC – USDGO Plus SP held via OSL are included in the initial batch of products covered by Instant Redemption, a feature OSL Group announced on 2 November 2026 for tokenised real-world asset (RWA) products on its licensed platform.

Eligible professional investors redeeming designated products through OSL may receive their redemption proceeds on the same day, subject to OSL’s eligibility criteria, product coverage and applicable terms and conditions. Designated products may also be subscribed for and redeemed in USDGO.

USDGO Plus SP is a segregated portfolio of PrimePlus SPC, a Cayman Islands segregated portfolio company registered with CIMA as a mutual fund. Under the co-operation framework of 2WA and OSL, fund units stay in custody via OSL, 2WA does not custody client fund units, and Instant Redemption is an OSL platform feature*.

OSL continues to provide custody and distribution for USDGO Plus SP. Instant Redemption does not change the fund’s redemption terms, registration status, offering documents, risk disclosures or investor eligibility requirements.

*Instant Redemption is only available to investors on the OSL platform who qualify as professional investors.

About 2WA

2WA is a real-world asset (RWA) and digital asset technology development company focused on expanding the utility of regulated assets. 2WA applies blockchain technology, including tokenization, to broaden how regulated assets such as fund units and listed equities are held, used and mobilized. Throughout, the underlying assets remain with licensed custodians. 2WA’s objective is to create new use cases for these assets and, in doing so, enhance their overall value for investors and institutions.

USDGO sits at the core of 2WA’s business. As an active contributor to the USDGO ecosystem, 2WA uses USDGO as the primary settlement and liquidity asset across its RWA products, and works alongside partners to broaden its adoption, deepen its liquidity and support the long-term growth of its ecosystem. For more information, visit https://2wa.io

About OSL

OSL Group (HKEX: 863) is a global stablecoin infrastructure company that strives to provide compliant and efficient digital financial infrastructure services globally, empowering enterprises, financial institutions and individuals to seamlessly exchange, pay, trade, and settle between fiat and digital currencies. Grounded in the core values of Open, Secure, and Liquid, it is committed to building a more efficient ecosystem that connects global markets and enables instant, seamless and compliant value movement worldwide. For media inquiries, please contact: media@osl.com

Media contacts

2WA: media@2wa.io
OSL: media@osl.com

Disclaimer

This press release is for information purposes only. It does not constitute an offer, solicitation, recommendation or inducement to buy, sell or otherwise deal in any digital asset, security or other financial product, and it is not financial, investment, legal, tax, accounting or other professional advice and should not be relied on as such. Views expressed do not necessarily reflect the official positions of OSL Group or its affiliates. Descriptions of products and services are for general reference only, and participation is subject to applicable terms, conditions and regulatory requirements. This press release may contain forward-looking or indicative information; actual outcomes may differ materially, and none of OSL Group, 2WA, PrimePlus SPC or their respective affiliates undertakes any obligation to update it.

USDGO Plus SP has not been authorised by the Securities and Futures Commission under section 104 of the Securities and Futures Ordinance (Cap. 571) (SFO), and its offering documents have not been reviewed by any regulatory authority in Hong Kong. Interests in USDGO Plus SP may be offered in Hong Kong only to professional investors, and only on the basis of the fund’s offering documents. Investing in digital asset funds involves significant risks, including the possible loss of the entire amount invested. Market-neutral strategies do not eliminate risk, and funding rates may turn negative. Past performance is not indicative of future results.

Instant Redemption is a feature of OSL’s platform. Its availability is subject to OSL’s eligibility criteria, limits and platform terms, and may be changed, suspended or withdrawn at any time. It does not amend the redemption terms of USDGO Plus SP and is not a guarantee of liquidity or of the return of any amount invested.

This press release is intended only for “professional investors” as defined in the SFO and its subsidiary legislation, must not be distributed or used in any jurisdiction where doing so would breach applicable laws, and does not constitute active marketing to the public in Hong Kong. Readers are responsible for complying with the laws of their own jurisdiction. The stablecoins referred to in this press release may be “specified stablecoins” under the Stablecoin Ordinance (Cap. 656); their issuers and OSL Digital Securities Limited (OSLDS) are not licensed under that Ordinance to conduct regulated stablecoin activities in Hong Kong. OSLDS is a permitted offeror under that Ordinance and offers such products in Hong Kong only to clients it has verified and accepted as professional investors.

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SOURCE 2WA

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THE KOREA INDUSTRY DAILY: ROBOTWORLD 2026 to Spotlight Physical AI and AI-Driven Manufacturing With 402 Exhibitors From 17 Countries

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Rainbow Robotics, Neuromeka and Samhyun to exhibit Nov. 4–7 near Seoul; NVIDIA and Qualcomm to participate in conference

GOYANG, South Korea, Nov. 3, 2026 /PRNewswire/ — ROBOTWORLD 2026 will bring together 402 companies from 17 countries at the Korea International Exhibition Center (KINTEX) Nov. 4–7. The 1,198-booth exhibition will explore how Physical AI and AI-driven manufacturing systems are being developed for industrial applications.

International exhibitors will include Taiwan’s Advantech, Japan’s FANUC and China’s Booster Robotics, PAXINI and Unitree. A Canadian delegation of 10 technology companies will participate in the exhibition and conference, while companies from India and Bangladesh will exhibit at ROBOTWORLD for the first time.

The International Robot Business Conference 2026 will extend the discussion of industrial applications through 36 sessions on Nov. 4–5. Its three tracks — Manufacturing AX (AI transformation), Humanoid with Physical AI and Mobility — will address AI adoption in production, robot intelligence and mobility across industrial and service environments. The Manufacturing AX track will feature presentations by representatives from Qualcomm and Advantech, while a speaker from NVIDIA will present in the Humanoid with Physical AI track. Qualcomm will also sponsor the exhibition.

According to the International Federation of Robotics’ World Robotics 2026 report, global industrial robot installations reached a record 603,307 units in 2025, marking an 11% increase from the previous year and surpassing 600,000 units for the first time. Asia accounted for 76% of all newly installed industrial robots, with 457,315 units installed, up 14% year-on-year. Global installations are forecast to reach 655,000 units in 2026, reflecting the continued expansion of industrial automation.

Against this industrial backdrop, the exhibition will explore Physical AI technologies that enable robots to perceive their surroundings, assess conditions and perform physical tasks. Korean exhibitors will address both task intelligence and the platforms and components that enable movement and manipulation.

Rainbow Robotics will exhibit its RBY mobile humanoid and RBQ quadruped series, while Neuromeka will present its Physical Skill Foundation (PSF) technology alongside the EIR humanoid and NAMI mobile humanoid platforms. Neuromeka describes PSF as supporting task execution involving unfamiliar objects and changing work environments. Samhyun will showcase its AXLON actuator series for robot joint actuation, torque control and linear motion, together with the BOLDUM autonomous transport robot for industrial material handling with payloads of up to 3 metric tons.

Beyond individual robots, the exhibition will examine AI-driven manufacturing through systems that combine collaborative robots, autonomous mobile robots (AMRs), machine vision and manufacturing software. Exhibitors will demonstrate how process data and material flows can inform robot and equipment operations across production processes.

Humanoid, food-tech and healthcare pavilions will provide focused views of these technologies and their applications. The newly established humanoid pavilion will cover complete robots, actuators, reducers, sensors, controllers and AI software. The food-tech pavilion will feature cooking, serving and kitchen automation. The returning healthcare pavilion will cover surgical, rehabilitation, wearable and care robots, as well as hospital logistics.

Business programs will connect the technology presentations with opportunities for procurement, exports and investment. Export and procurement matchmaking sessions will run Nov. 4–6, with suppliers and prospective buyers matched in advance for one-to-one meetings. A seminar on entering international markets will be held on Nov.5 providing practical information on certification requirements in different countries.

Global Scale-up Day on Nov. 6 will be open to small and medium-sized enterprises as well as startups in AI and robotics seeking investment and growth capital. Conducted entirely in English, the program will bring together venture capital firms, accelerators, strategic investors and M&A specialists.

“With increased participation by global companies and the addition of national and special pavilions, we hope this year’s exhibition will showcase the capabilities of Korean robotics companies and expand opportunities for practical cooperation between Korean and international businesses,” a ROBOTWORLD representative said.

ROBOTWORLD 2026 will take place at KINTEX Exhibition Center 1, Halls 3–5, in Goyang. Information on exhibitors, conference sessions and business programs are available at https://eng.robotworld.or.kr/.

About ROBOTWORLD

ROBOTWORLD is an international robotics exhibition covering industrial and service robots, core components, AI software and manufacturing automation solutions, alongside a conference and business programs. ROBOTWORLD 2026 is hosted by South Korea’s Ministry of Trade, Industry and Resources (MOTIR) and jointly organized by the Korea Association of AI Robot Industry (KAR), the Korea Institute for Robot Industry Advancement (KIRIA) and the Institute of Control, Robotics and Systems (ICROS).

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SOURCE THE KOREA INDUSTRY DAILY

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