India Sugarcane Harvester Market Size Worth $426.50 Million By 2032 | CAGR: 16.6%

The India Sugarcane Harvester market size is expected to reach USD 426.50 Million by 2032, according to a new study by Polaris Market Research. The report “India Sugarcane Harvester Market Share, Size, Trends, Industry Analysis Report By Type (Chopper Harvester, Whole Stalk Harvester); By Swath Width; By Product; By Ownership; By Region, Segment Forecast, 2022 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

India's Sugarcane Harvester Market is expected to grow at the quickest rate over the forecast period owing to increasing sugarcane production and the growing adoption rate of harvesters among farmers in India in the last few years. Further, favorable government policies and new product launches for India's farming conditions are reasons for the increasing use of harvesters over manual sugarcane harvesting.

India is the second largest producer of sugarcane across the globe after Brazil and produced more than 500 million tons sugarcane in the year 2021 – 22, as per Press Information Bureau, Government of India. Sugarcane is mainly cultivated for various end products such as sugar, jaggery, ethanol, and fodder for feeding livestock.

A Sugarcane harvester is a large machinery that cuts the stalks at the base, removes the leaves from the stalk, and cuts the sugarcane stalks into pieces of desired sizes. Unlike manual harvesting, the mechanized process enables the farmers to save labor and time and aids in the easy and clean processing of harvesting the canes.

The rising consumption of sugar by consumers and the food & beverage industry demanded by India's huge population has increased the demand for sugarcane in the domestic market. Equipment financing options provided by various harvesting companies, such as CNH Industrial, have enabled small landowners to use the harvesters in their farmlands in India instead of purchasing the costly machines.

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Report Highlights

• The COVID-19 pandemic has positively impacted the adoption rate of sugarcane harvesters in India. The acute manual labor shortage in the pandemic period, coupled with the rising labor wage rate, has shifted the majority of landowners to adopt the harvesters on a lease basis in India.

• The Chopper Harvester segment is anticipated to witness a significant growth rate in 2022. Primary factors driving the Chopper Harvester segment can be attributable to its advantages over the whole stalk harvesters. Some of the essential functionalities of chopper harvesters include bundling, dressing & sizing the cut cane into cane bits, carrying, and gathering & loading the cane bundles into cane trucks.
• The Leased / Hired segment is anticipated to witness the fastest growth rate in the forecast period owing to many small farm owners in India. The leasing facility can generate higher profits as the machinery will not be a dead investment and can reduce the payback period for the harvesters. Further, the government is also promoting hiring where the expensive equipment is offered on a lease or hire basis.

Polaris Market Research has segmented the India Sugarcane Harvester Market report based on type, swath width, product, ownership, and region:

India Sugarcane Harvester Market, Type Outlook (Revenue - USD Million, 2019 - 2032)

• Chopper Harvester
• Whole Stalk Harvester

India Sugarcane Harvester Market, Swath Width Outlook (Revenue - USD Million, 2019 - 2032)

• Single Row
• Multiple Row

India Sugarcane Harvester Market, Product Outlook (Revenue - USD Million, 2019- 2032)

• Self- Propelled
• Tractor mounted

India Sugarcane Harvester Market, Ownership Outlook (Revenue - USD Million, 2019- 2032)

• Owned
• Leased / Hired

India Sugarcane Harvester Market, Regional Outlook (Revenue - USD Million, 2019 - 2032)

• North India
• South India
• West India
• East India