Cotton Harvester Market Analysis APAC, North America, Europe, South America, Middle East and Africa - US, China, Australia, Germany, UK - Size and Forecast 2024-2028
| Published: Dec 2023 | Pages: 131 | SKU: IRTNTR73626 |
Cotton Harvester Market 2024-2028
The cotton harvester market size is forecast to increase by USD 835.66 million with growth at a CAGR of 5.26% between 2024 and 2028. The growth rate of the market depends on several factors, such as the increasing consumption of cotton-related products globally, the attainment of optimum yield using cotton harvesters, and government support for mechanizing cotton picking. Our report examines historical data from 2018-2022, besides analyzing the current and forecasted market scenario.
The report includes a comprehensive outlook on the Cotton Harvester Market, offering forecasts for the industry segmented by Product, which comprises cotton picker and cotton stripper. Additionally, it covers Regions, including APAC, North America, Europe, South America, and Middle East and Africa. The report provides market size, historical data spanning from 2018 to 2022, and future projections, all presented in terms of value in USD million for each of the mentioned segments.
What will be the Size of the Cotton Harvester Market During the Forecast Period?
Cotton Harvester Market Forecast 2023-2027
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Cotton Harvester Market Dynamic
Driver- Increasing consumption of cotton-related products globally
Cotton farming is increasing because of the declining cotton fiber prices and increased adoption of the material over polyester by textile mills in countries such as China. Leading countries in cotton consumption are Vietnam, Bangladesh, China, the US, and India. According to the USDA, global cotton consumption has increased by approximately 6% in 2021 (25.9 mt) compared to 2020 (20.2 mt).
Thus, an increase in cotton consumption, along with the surge in the purchasing power of consumers across the globe, is expected to drive an increase in the consumption of goods made of cotton. The applications of cotton include apparel such as T-shirts and shirts, trousers, dressers, and innerwear. It is also used for home furnishings such as in-bed linens and industrial uses such as medical supplies, industrial thread, wall coverings, and zips. These applications are expected to drive the growth of the market in focus during the forecast period.
Trends- Integration of the latest technologies in cotton harvesters
Cotton must be ginned to remove seeds and trash after being rolled into cylinders. For easier tracking of bales in the ginning process, passive Radio Frequency Identification (RFID) tags can be fitted on the bales. This facilitates the tracking of each bale from the field until it reaches the ginning facility. Research on technologies for automating cotton harvesting with robots is ongoing. For instance, Green Robot Machinery-manufactured robots can distinguish cotton bolls from plants without any manual interventions. The robot has an arm that has six degrees of freedom and uses image processing to identify cotton balls and pick them. This robot needs human intervention to an extent while picking cotton.
Furthermore, cotton Incorporated, a not-for-profit research and marketing organization, has been developing a technology for picking cotton with the help of autonomous flying bots. These bots can be used in the replacement of cotton harvesters that cost about 100 times that of a single bot. Other advantages of the bot over-harvesting machines are they can be used for other farming applications with quicker picking times while preventing soil compaction. These factors are expected to contribute to the growth of the market in focus during the forecast period.
Challenge- Limitations with climate conditions for cotton harvesters
Cotton harvesters can be broadly categorized into pickers and strippers. While strippers can remove the stems from the harvested crop, pickers remove individual cotton bolls that are open. Cotton plants are planted in multiple rows. The rows are separated from each other by furrows wherein the water is flooded for irrigation. The average size of a cotton field varies among countries. The mechanism of cotton harvesters requires standard-sized rows for extracting the cotton bolls from plants. However, in countries such as India, wherein the land is smaller than that in the US, the rows are spaced more compactly. This requires cotton harvesters designed for performing in compact rows.
Additionally, other issues with cotton harvesters are that they pick cotton during two harvesting months, and then they must remain idle for the rest of the year. Furthermore, other operating conditions for the harvesters also require flatlands, cotton plants at a certain height from the ground, and low moisture content in cotton bolls, which is limited to a certain which will curb the growth of the global cotton harvester market during the forecast period.
Cotton Harvester Market Segmentation by Product and Region
Product Segment Analysis:
The cotton picker segment will account for a major share of the market's growth during the forecast period.?
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The cotton picker segment was valued at USD 1,717.00 million in 2018. Cotton pickers, except handheld varieties, have spindles or prongs that revolve around the axis to pick cotton. These revolving spindles extract cotton only from the open bolls and leave the unopened ones. Pickers do not damage plants or unopened bolls. These machines require more than one pass for extracting all the cotton on the field when the crop growth is not synchronized. The height of cotton-picking machines can be adjusted for picking cotton bolls from both the long and short plant varieties. Handheld cotton pickers, self-propelled cotton pickers, and tractor-mounted cotton pickers are the multiple types of cotton pickers available in the market.
Furthermore, one of the key advantages of a cotton picker over a cotton stripper is that the former does not require the exfoliation of all cotton bolls. Exfoliation is the process of removing leaves from cotton plants with chemicals called defoliants or desiccants. Defoliation reduces the trash material in the cotton that the picker machine harvests. Pickers have higher cotton-picking speeds than strippers. Thus, the segment is expected to grow in the global cotton harvester market during the forecast period.
Regional Analysis
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North America is estimated to contribute 38% to the growth by 2027. Technavio’s analysts have elaborately explained the regional trends, drivers, and challenges that are expected to shape the market during the forecast period. In the past, countries such as China, India, and Pakistan had low mechanization in cotton harvesting and primarily depended on alternative low-cost manual labor available in the region. However, the adoption of cotton harvesters has been increasing in the region. This is primarily because of increasing government support in the form of subsidies to farmers to purchase agricultural equipment.
Additionally, like China, India is the largest producer of cotton in the world. Growth in cotton production can happen due to higher yields on farms. This can be achieved through the use of cotton harvesters. The current practices involve the time-consuming manual picking of cotton, which can take up to five pickings for a complete harvest. Besides Deere and Company, local vendors such as Captain Tractors, Mahindra, and Mahindra and Adventures provide handheld cotton pickers in the country. Therefore, all these factors fueled the demand for cotton harvesters in this region, propelling the growth of the market in focus in this region during the forecast period.
Who are the Major Cotton Harvester Market Companies?
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Barnhardt Manufacturing Co. - The company offers purified cotton fiber for use in medical, pharmaceutical, health, personal, and home care applications through its harvester machines.
We also have detailed analyses of the market’s competitive landscape and offer information on 7 market companies, including:
Changzhou Dongfeng Agricultural Machinery Group Co. Ltd., CNH Industrial NV, Deere and Co., Gomselmash India Pvt Ltd., Hubei Fotma Machinery Co. Ltd., and Rana Group of Companies
Technavio report provides an in-depth analysis of the market and its players through combined qualitative and quantitative data. The analysis classifies companies based on their business approaches, including pure-play, category-focused, industry-focused, and diversified. Companies are specially categorized into dominant, leading, strong, tentative, and weak, based on their quantitative data analysis.
Segment Overview
The cotton harvester market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2018 to 2028.
- Product Outlook
- Cotton picker
- Cotton stripper
- Region Outlook
- North America
- The U.S.
- Canada
- Europe
- U.K.
- Germany
- France
- Rest of Europe
- APAC
- China
- India
- South America
- Chile
- Brazil
- Argentina
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of the Middle East & Africa
- North America
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Cotton Harvester Market Scope |
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Report Coverage |
Details |
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Page number |
131 |
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Base year |
2023 |
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Historic period |
2018-2022 |
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Forecast period |
2024-2028 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 5.26% |
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Market Growth 2024-2028 |
USD 835.66 million |
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Market structure |
Concentrated |
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YoY growth 2023-2024(%) |
4.64 |
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Regional analysis |
APAC, North America, Europe, South America, and Middle East and Africa |
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Performing market contribution |
North America at 38% |
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Key countries |
US, China, Australia, Germany, and UK |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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Key companies profiled |
Barnhardt Manufacturing Co., Changzhou Dongfeng Agricultural Machinery Group Co. Ltd., CNH Industrial NV, Deere and Co., Gomselmash India Pvt Ltd., Hubei Fotma Machinery Co. Ltd., and Rana Group of Companies |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period. |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
What are the Key Data Covered in this Cotton Harvester Market Research Report?
- CAGR of the market during the forecast period
- Detailed information on factors that will drive the growth of the cotton harvester market between 2024 and 2028
- Precise estimation of the cotton harvester market size and its contribution to the market in focus on the parent market
- Accurate predictions about upcoming trends and changes in consumer behavior
- Growth of the market industry across APAC, North America, Europe, South America, and Middle East and Africa
- A thorough analysis of the market’s competitive landscape and detailed information about companies
- Comprehensive analysis of factors that will challenge the growth of cotton harvester market companies
We can help! Our analysts can customize this market research report to meet your requirements. Get in touch
1 Executive Summary
- 1.1 Market overview
- Exhibit 01: Executive Summary – Chart on Market Overview
- Exhibit 02: Executive Summary – Data Table on Market Overview
- Exhibit 03: Executive Summary – Chart on Global Market Characteristics
- Exhibit 04: Executive Summary – Chart on Market by Geography
- Exhibit 05: Executive Summary – Chart on Market Segmentation by Product
- Exhibit 06: Executive Summary – Chart on Incremental Growth
- Exhibit 07: Executive Summary – Data Table on Incremental Growth
- Exhibit 08: Executive Summary – Chart on Vendor Market Positioning
2 Market Landscape
- 2.1 Market ecosystem
- Exhibit 09: Parent market
- Exhibit 10: Market Characteristics
3 Market Sizing
- 3.1 Market definition
- Exhibit 11: Offerings of vendors included in the market definition
- 3.2 Market segment analysis
- Exhibit 12: Market segments
- 3.3 Market size 2023
- 3.4 Market outlook: Forecast for 2023-2028
- Exhibit 13: Chart on Global - Market size and forecast 2023-2028 ($ million)
- Exhibit 14: Data Table on Global - Market size and forecast 2023-2028 ($ million)
- Exhibit 15: Chart on Global Market: Year-over-year growth 2023-2028 (%)
- Exhibit 16: Data Table on Global Market: Year-over-year growth 2023-2028 (%)
4 Historic Market Size
- 4.1 Global cotton harvester market 2018 - 2022
- Exhibit 17: Historic Market Size – Data Table on global cotton harvester market 2018 - 2022 ($ million)
- 4.2 Product Segment Analysis 2018 - 2022
- Exhibit 18: Historic Market Size – Product Segment 2018 - 2022 ($ million)
- 4.3 Geography Segment Analysis 2018 - 2022
- Exhibit 19: Historic Market Size – Geography Segment 2018 - 2022 ($ million)
- 4.4 Country Segment Analysis 2018 - 2022
- Exhibit 20: Historic Market Size – Country Segment 2018 - 2022 ($ million)
5 Five Forces Analysis
- 5.1 Five forces summary
- Exhibit 21: Five forces analysis - Comparison between 2023 and 2028
- 5.2 Bargaining power of buyers
- Exhibit 22: Chart on Bargaining power of buyers – Impact of key factors 2023 and 2028
- 5.3 Bargaining power of suppliers
- Exhibit 23: Bargaining power of suppliers – Impact of key factors in 2023 and 2028
- 5.4 Threat of new entrants
- Exhibit 24: Threat of new entrants – Impact of key factors in 2023 and 2028
- 5.5 Threat of substitutes
- Exhibit 25: Threat of substitutes – Impact of key factors in 2023 and 2028
- 5.6 Threat of rivalry
- Exhibit 26: Threat of rivalry – Impact of key factors in 2023 and 2028
- 5.7 Market condition
- Exhibit 27: Chart on Market condition - Five forces 2023 and 2028
6 Market Segmentation by Product
- 6.1 Market segments
- Exhibit 28: Chart on Product - Market share 2023-2028 (%)
- Exhibit 29: Data Table on Product - Market share 2023-2028 (%)
- 6.2 Comparison by Product
- Exhibit 30: Chart on Comparison by Product
- Exhibit 31: Data Table on Comparison by Product
- 6.3 Cotton picker - Market size and forecast 2023-2028
- Exhibit 32: Chart on Cotton picker - Market size and forecast 2023-2028 ($ million)
- Exhibit 33: Data Table on Cotton picker - Market size and forecast 2023-2028 ($ million)
- Exhibit 34: Chart on Cotton picker - Year-over-year growth 2023-2028 (%)
- Exhibit 35: Data Table on Cotton picker - Year-over-year growth 2023-2028 (%)
- 6.4 Cotton stripper - Market size and forecast 2023-2028
- Exhibit 36: Chart on Cotton stripper - Market size and forecast 2023-2028 ($ million)
- Exhibit 37: Data Table on Cotton stripper - Market size and forecast 2023-2028 ($ million)
- Exhibit 38: Chart on Cotton stripper - Year-over-year growth 2023-2028 (%)
- Exhibit 39: Data Table on Cotton stripper - Year-over-year growth 2023-2028 (%)
- 6.5 Market opportunity by Product
- Exhibit 40: Market opportunity by Product ($ million)
- Exhibit 41: Data Table on Market opportunity by Product ($ million)
7 Customer Landscape
- 7.1 Customer landscape overview
- Exhibit 42: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
8 Geographic Landscape
- 8.1 Geographic segmentation
- Exhibit 43: Chart on Market share by geography 2023-2028 (%)
- Exhibit 44: Data Table on Market share by geography 2023-2028 (%)
- 8.2 Geographic comparison
- Exhibit 45: Chart on Geographic comparison
- Exhibit 46: Data Table on Geographic comparison
- 8.3 APAC - Market size and forecast 2023-2028
- Exhibit 47: Chart on APAC - Market size and forecast 2023-2028 ($ million)
- Exhibit 48: Data Table on APAC - Market size and forecast 2023-2028 ($ million)
- Exhibit 49: Chart on APAC - Year-over-year growth 2023-2028 (%)
- Exhibit 50: Data Table on APAC - Year-over-year growth 2023-2028 (%)
- 8.4 North America - Market size and forecast 2023-2028
- Exhibit 51: Chart on North America - Market size and forecast 2023-2028 ($ million)
- Exhibit 52: Data Table on North America - Market size and forecast 2023-2028 ($ million)
- Exhibit 53: Chart on North America - Year-over-year growth 2023-2028 (%)
- Exhibit 54: Data Table on North America - Year-over-year growth 2023-2028 (%)
- 8.5 Europe - Market size and forecast 2023-2028
- Exhibit 55: Chart on Europe - Market size and forecast 2023-2028 ($ million)
- Exhibit 56: Data Table on Europe - Market size and forecast 2023-2028 ($ million)
- Exhibit 57: Chart on Europe - Year-over-year growth 2023-2028 (%)
- Exhibit 58: Data Table on Europe - Year-over-year growth 2023-2028 (%)
- 8.6 South America - Market size and forecast 2023-2028
- Exhibit 59: Chart on South America - Market size and forecast 2023-2028 ($ million)
- Exhibit 60: Data Table on South America - Market size and forecast 2023-2028 ($ million)
- Exhibit 61: Chart on South America - Year-over-year growth 2023-2028 (%)
- Exhibit 62: Data Table on South America - Year-over-year growth 2023-2028 (%)
- 8.7 Middle East and Africa - Market size and forecast 2023-2028
- Exhibit 63: Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
- Exhibit 64: Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
- Exhibit 65: Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
- Exhibit 66: Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
- 8.8 US - Market size and forecast 2023-2028
- Exhibit 67: Chart on US - Market size and forecast 2023-2028 ($ million)
- Exhibit 68: Data Table on US - Market size and forecast 2023-2028 ($ million)
- Exhibit 69: Chart on US - Year-over-year growth 2023-2028 (%)
- Exhibit 70: Data Table on US - Year-over-year growth 2023-2028 (%)
- 8.9 China - Market size and forecast 2023-2028
- Exhibit 71: Chart on China - Market size and forecast 2023-2028 ($ million)
- Exhibit 72: Data Table on China - Market size and forecast 2023-2028 ($ million)
- Exhibit 73: Chart on China - Year-over-year growth 2023-2028 (%)
- Exhibit 74: Data Table on China - Year-over-year growth 2023-2028 (%)
- 8.10 Australia - Market size and forecast 2023-2028
- Exhibit 75: Chart on Australia - Market size and forecast 2023-2028 ($ million)
- Exhibit 76: Data Table on Australia - Market size and forecast 2023-2028 ($ million)
- Exhibit 77: Chart on Australia - Year-over-year growth 2023-2028 (%)
- Exhibit 78: Data Table on Australia - Year-over-year growth 2023-2028 (%)
- 8.11 Germany - Market size and forecast 2023-2028
- Exhibit 79: Chart on Germany - Market size and forecast 2023-2028 ($ million)
- Exhibit 80: Data Table on Germany - Market size and forecast 2023-2028 ($ million)
- Exhibit 81: Chart on Germany - Year-over-year growth 2023-2028 (%)
- Exhibit 82: Data Table on Germany - Year-over-year growth 2023-2028 (%)
- 8.12 UK - Market size and forecast 2023-2028
- Exhibit 83: Chart on UK - Market size and forecast 2023-2028 ($ million)
- Exhibit 84: Data Table on UK - Market size and forecast 2023-2028 ($ million)
- Exhibit 85: Chart on UK - Year-over-year growth 2023-2028 (%)
- Exhibit 86: Data Table on UK - Year-over-year growth 2023-2028 (%)
- 8.13 Market opportunity by geography
- Exhibit 87: Market opportunity by geography ($ million)
- Exhibit 88: Data Tables on Market opportunity by geography ($ million)
9 Drivers, Challenges, and Trends
- 9.1 Market drivers
- 9.2 Market challenges
- 9.3 Impact of drivers and challenges
- Exhibit 89: Impact of drivers and challenges in 2023 and 2028
- 9.4 Market trends
10 Vendor Landscape
- 10.1 Overview
- 10.2 Vendor landscape
- Exhibit 90: Overview on Criticality of inputs and Factors of differentiation
- 10.3 Landscape disruption
- Exhibit 91: Overview on factors of disruption
- 10.4 Industry risks
- Exhibit 92: Impact of key risks on business
11 Vendor Analysis
- 11.1 Vendors covered
- Exhibit 93: Vendors covered
- 11.2 Market positioning of vendors
- Exhibit 94: Matrix on vendor position and classification
- 11.3 Barnhardt Manufacturing Co.
- Exhibit 95: Barnhardt Manufacturing Co. - Overview
- Exhibit 96: Barnhardt Manufacturing Co. - Product / Service
- Exhibit 97: Barnhardt Manufacturing Co. - Key offerings
- 11.4 Changzhou Dongfeng Agricultural Machinery Group Co. Ltd.
- Exhibit 98: Changzhou Dongfeng Agricultural Machinery Group Co. Ltd. - Overview
- Exhibit 99: Changzhou Dongfeng Agricultural Machinery Group Co. Ltd. - Product / Service
- Exhibit 100: Changzhou Dongfeng Agricultural Machinery Group Co. Ltd. - Key offerings
- 11.5 CNH Industrial NV
- Exhibit 101: CNH Industrial NV - Overview
- Exhibit 102: CNH Industrial NV - Business segments
- Exhibit 103: CNH Industrial NV - Key news
- Exhibit 104: CNH Industrial NV - Key offerings
- Exhibit 105: CNH Industrial NV - Segment focus
- 11.6 Deere and Co.
- Exhibit 106: Deere and Co. - Overview
- Exhibit 107: Deere and Co. - Business segments
- Exhibit 108: Deere and Co. - Key news
- Exhibit 109: Deere and Co. - Key offerings
- Exhibit 110: Deere and Co. - Segment focus
- 11.7 Gomselmash India Pvt Ltd.
- Exhibit 111: Gomselmash India Pvt Ltd. - Overview
- Exhibit 112: Gomselmash India Pvt Ltd. - Product / Service
- Exhibit 113: Gomselmash India Pvt Ltd. - Key offerings
- 11.8 Hubei Fotma Machinery Co. Ltd.
- Exhibit 114: Hubei Fotma Machinery Co. Ltd. - Overview
- Exhibit 115: Hubei Fotma Machinery Co. Ltd. - Product / Service
- Exhibit 116: Hubei Fotma Machinery Co. Ltd. - Key offerings
- 11.9 Rana Group of Companies
- Exhibit 117: Rana Group of Companies - Overview
- Exhibit 118: Rana Group of Companies - Product / Service
- Exhibit 119: Rana Group of Companies - Key offerings
12 Appendix
- 12.1 Scope of the report
- 12.2 Inclusions and exclusions checklist
- Exhibit 120: Inclusions checklist
- Exhibit 121: Exclusions checklist
- 12.3 Currency conversion rates for US$
- Exhibit 122: Currency conversion rates for US$
- 12.4 Research methodology
- Exhibit 123: Research methodology
- Exhibit 124: Validation techniques employed for market sizing
- Exhibit 125: Information sources
- 12.5 List of abbreviations
- Exhibit 126: List of abbreviations
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
- Manufacturers and suppliers
- Channel partners
- Industry experts
- Strategic decision makers
Secondary sources
- Industry journals and periodicals
- Government data
- Financial reports of key industry players
- Historical data
- Press releases
DATA ANALYSIS
Data Synthesis
- Collation of data
- Estimation of key figures
- Analysis of derived insights
Data Validation
- Triangulation with data models
- Reference against proprietary databases
- Corroboration with industry experts
REPORT WRITING
Qualitative
- Market drivers
- Market challenges
- Market trends
- Five forces analysis
Quantitative
- Market size and forecast
- Market segmentation
- Geographical insights
- Competitive landscape
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cotton harvester market market
Key Questions Answered
- What are the key global market and the regional market share?
- What are the revenue-generating key market segments?
- What are the key factors driving and challenging this market’s growth?
- Who are the key market vendors and their growth strategies?
- What are the latest trends influencing the growth of this market?
- What are the variables influencing the market growth in the primary regions?
- What are the factors influencing the growth of the parent market?
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