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Global Combine Harvester Market

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    Report

  • 279 Pages
  • February 2024
  • Region: Global
  • Astute Analytica
  • ID: 5969509
Description Jump to:

Global Combine Harvester Market: Poised for Growth to US$ 64.94 Bn by 2030 with a CAGR of 4.12%

The global combine harvester market, valued at US$ 49.33 Bn in 2023, is projected to reach US$ 64.94 Bn by 2030, growing at a CAGR of 4.12%. In 2023, the market volume stood at 257,649 units, highlighting the significant demand for these agricultural machines.

Growth Influencers:

The market is primarily driven by the increasing need for technologically advanced farm equipment and growing government support for agricultural mechanization. These factors contribute to enhanced efficiency and productivity in farming operations. However, the overall cost of manufacturing farm equipment and stringent government regulations pose challenges to the market's growth.

Segment Overview:

The market is segmented into types, mechanisms, power, class, grain tank size, and crop type.

By Type

  • Self-propelled
  • Tractor-pulled Combine
  • PTO-powered Combine

By Mechanism

  • Hydraulic
  • Hybrid

By Power

  • Below 150 HP
  • 150-300 HP
  • 300-450 HP
  • 450-550 HP
  • Above 550 HP

By Class

  • Class 1-2
  • Class 3-4
  • Class 5-6
  • Class 7

By Grain Tank Size

  • < 250 bu
  • 250-350 bu
  • > 350 bu

By Crop Type

  • Wheat
  • Rice
  • Corn
  • Others
Self-propelled combine harvesters are expected to dominate the market, surpassing US$ 30 Bn in revenue by 2028. In terms of mechanism, hydraulic combines hold over 55% of the market share in 2023. The fastest-growing power segment is the 150-300 HP category, with a projected growth rate of over 4.9%. The Class 3-4 segment is anticipated to cross US$ 25,000 Mn in revenue by 2027, while wheat as a crop type constitutes nearly 40% of the market share in 2023.

Regional Overview:

Asia Pacific leads the market, accounting for over 85% of the market share in 2023, with revenues around US$ 43 Bn. This dominance is due to the significant agricultural activities and mechanization in countries like China and India. North America and Europe also contribute notably to the market, with the USA, Canada, Germany, and France being key contributors. Based of region market has been divided into following:

North America

  • USA
  • Canada
  • Mexico

Europe

  • Western Europe
  • UK
  • Germany
  • France
  • Italy
  • Spain
  • Rest of Western Europe
  • Eastern Europe
  • Poland
  • Russia
  • Rest of Eastern Europe

Asia Pacific

  • China
  • India
  • Japan
  • South Korea
  • Australia & New Zealand
  • Rest of APAC
  • Middle East & Africa
  • UAE
  • Saudi Arabia
  • South Africa
  • Rest of MEA

South America

  • Argentina
  • Brazil
  • Bolivia
  • Paraguay
  • Rest of South America

Company Profile:

The market is characterized by the presence of key players like Deere & Company, Kubota Corporation, Mahindra & Mahindra Limited, and CLAAS KGaA mbH, collectively holding a market share of approximately 66%. These companies, along with others like YANMAR Co., Ltd. and SDF S.p.A., play a significant role in the market dynamics through their product offerings and technological advancements. Following are the list of companies has been profiled in the report:

  • Deere & Company
  • Kubota Corporation
  • Mahindra & Mahindra Limited
  • CLAAS KGaA mbH
  • KS Group
  • YANMAR Co., Ltd.
  • Preet Group
  • SDF S.p.A.
  • Hind Agro Industries
  • Tractors and Farm Equipment Limited
  • Kartar Agro Industries
  • Massey Ferguson
  • LOVOL
  • New Holland
  • Other Prominent Players

Value Addition:

The report provides insights into technological developments in the sector, factors affecting the adoption of combine harvesters, labor costs in agriculture, and the utilization of agricultural harvester machineries, offering a comprehensive understanding of the market landscape.

Report Insights:

  • The market is expected to reach US$ 64.94 Bn by 2030 with a CAGR of 4.12%.
  • Key drivers include the need for advanced farm equipment and governmental support.
  • Asia Pacific dominates the market, led by China and India.
  • Key players include Deere & Company, Kubota Corporation, and others.

Questions to be Answered:

  • What are the key factors driving the global combine harvester market?
  • Which segments and regions are leading in the market?
  • What are the challenges faced by the market?
  • How are major companies influencing market trends?

Table of Contents

Chapter 1. Research Framework
1.1 Research Objective
1.2 Product Overview
1.3 Market Segmentation
Chapter 2. Research Methodology
2.1 Qualitative Research
2.1.1 Primary & Secondary Sources
2.2 Quantitative Research
2.2.1 Primary & Secondary Sources
2.3 Breakdown of Primary Research Respondents, By Region
2.4 Assumption for the Study
2.5 Market Size Estimation
2.6. Data Triangulation
Chapter 3. Executive Summary: Global Combine Harvester Market
Chapter 4. Global Combine Harvester Market Overview
4.1. Industry Value Chain Analysis
4.1.1. Material Provider
4.1.2. Technology Integration
4.1.3. Distribution
4.1.4. End User
4.2. Industry Outlook
4.2.1. Overview of Combine Harvester Market
4.2.1.1. Technology Development
4.2.1.2. Factors affecting consumers for adoption of combine harvester
4.2.1.3. High Labor Cost in Agriculture as a percentage, 2018
4.2.2 Utilization of Agricultural Harvester Machineries
4.3. PESTLE Analysis
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 Substitutes
4.4.4. Threat of New Entrants
4.4.5. Degree of Competition
4.5. Market Dynamics and Trends
4.5.1. Growth Drivers
4.5.2. Restraints
4.5.3. Challenges
4.5.4. Key Trends
4.6. COVID-19 Impact Assessment on Market Growth Trend
4.7. Market Growth and Outlook
4.7.1. Market Revenue Estimates and Forecast (US$ Mn), 2017 - 2030
4.7.2. Market Volume Estimates and Forecast ('000 Units), 2017 - 2030
4.7.2. Price Trend Analysis, By Mechanism
4.8. Competition Dashboard
4.8.1. Market Concentration Rate
4.8.2. Company Market Share Analysis (Value %), 2020
4.8.3. Competitor Mapping
Chapter 5. Global Combine Harvester Market Analysis, By Type
5.1. Key Insights5.2. Market Size and Forecast, 2017 - 2030 (US$ Mn & '000 Units)
5.2.1. Self-propelled
5.2.2. Tractor-pulled Combine
5.2.3. PTO-powered Combine
Chapter 6. Global Combine Harvester Market Analysis, By Mechanism
6.1. Key Insights
6.2. Market Size and Forecast, 2017 - 2030 (US$ Mn & '000 Units)
6.2.1. Hydraulic
6.2.2. Hybrid
Chapter 7. Global Combine Harvester Market Analysis, By Power
7.1. Key Insights
7.2. Market Size and Forecast, 2017 - 2030 (US$ Mn & '000 Units)
7.2.1. Below 150 HP
7.2.2. 150-300 HP
7.2.3. 300-450 HP
7.2.4. 450-550 HP
7.2.5. Above 550 HP
Chapter 8. Global Combine Harvester Market Analysis, By Grain Tank Size
8.1. Key Insights
8.2. Market Size and Forecast, 2017 - 2030 (US$ Mn & '000 Units)
8.2.1. < 250 bu
8.2.2. 250-350 bu
8.2.3. >350 bu
Chapter 9. Global Combine Harvester Market Analysis, By Class
9.1. Key Insights
9.2. Market Size and Forecast, 2017 - 2030 (US$ Mn & '000 Units)
9.2.1. Class 1-2 (0.5-3 Kg/s)
9.2.2. Class 3-4 (5-8 Kg/s)
9.2.3. Class 5-6 (9-12 Kg/s)
9.2.4. Class 7 (12-14 Kg/s)
Chapter 10. Global Combine Harvester Market Analysis, By Crop Type
10.1. Key Insights
10.2. Market Size and Forecast, 2017 - 2030 (US$ Mn & '000 Units)
10.2.1. Wheat
10.2.2. Rice 10.2.3. Corn
10.2.4. Others
Chapter 11. Global Combine Harvester Market Analysis, By Region
11.1. Key Insights
11.2. Market Size and Forecast, 2017 - 2030 (US$ Mn & '000 Units)
11.2.1. North America
11.2.1.1. The U.S.
11.2.1.2. Canada
11.2.1.3. Mexico
11.2.2. Europe
11.2.2.1. Western Europe
11.2.2.1.1. The UK 11.2.2.1.2. Germany
11.2.2.1.3. France
11.2.2.1.4. Italy
11.2.2.1.5. Spain
11.2.2.1.6. Rest of Western Europe
11.2.2.2. Eastern Europe
11.2.2.2.1. Poland
11.2.2.2.2. Russia
11.2.2.2.3. Rest of Eastern Europe
11.2.3. Asia Pacific
11.2.3.1. China
11.2.3.2. India 11.2.3.3. Japan
11.2.3.4. South Korea
11.2.3.5. Australia & New Zealand
11.2.3.6. ASEAN
11.2.3.7. Rest of Asia Pacific
11.2.4. Middle East & Africa
11.2.4.1. UAE
11.2.4.2. Saudi Arabia
11.2.4.3. South Africa
11.2.4.4. Rest of MEA
11.2.5. South America
11.2.5.1. Argentina 11.2.5.2. Brazil
11.2.5.3. Bolivia
11.2.5.4. Paraguay
11.2.5.5. Rest of South America
Chapter 12. North America Combine Harvester Market Analysis
12.1. Key Insights
12.2. Market Size and Forecast, 2017 - 2030 (US$ Mn & '000 Units)
12.2.1. By Type
12.2.2. By Mechanism
12.2.3. By Power
12.2.4. By Grain Tank Size
12.2.5. By Class 12.2.6. By Crop Type
12.2.7. By Country
Chapter 13. Europe Combine Harvester Market Analysis
13.1. Key Insights
13.2. Market Size and Forecast, 2017 - 2030 (US$ Mn & '000 Units)
13.2.1. By Type
13.2.2. By Mechanism
13.2.3. By Power
13.2.4. By Grain Tank Size
13.2.5. By Class
13.2.6. By Crop Type
13.2.7. By Country
Chapter 14. Asia Pacific Combine Harvester Market Analysis
14.1. Key Insights
14.2. Market Size and Forecast, 2017 - 2030 (US$ Mn & '000 Units)
14.2.1. By Type
14.2.2. By Mechanism
14.2.3. By Power
14.2.4. By Grain Tank Size
14.2.5. By Class
14.2.6. By Crop Type
14.2.7. By Country
Chapter 15. Middle East and Africa (MEA) Combine Harvester Market Analysis 15.1. Key Insights
15.2. Market Size and Forecast, 2017 - 2030 (US$ Mn & '000 Units)
15.2.1. By Type
15.2.2. By Mechanism
15.2.3. By Power
15.2.4. By Grain Tank Size
15.2.5. By Class
15.2.6. By Crop Type
15.2.7. By Country
Chapter 16. South America Combine Harvester Market Analysis
16.1. Key Insights 16.2. Market Size and Forecast, 2017 - 2030 (US$ Mn & '000 Units)
16.2.1. By Type
16.2.2. By Mechanism
16.2.3. By Power
16.2.4. By Grain Tank Size
16.2.5. By Class
16.2.6. By Crop Type
16.2.7. By Country
Chapter 17. Company Profile (Company Overview, Financial Matrix, Key Product landscape, Key Personnel, Key Competitors, Contact Address, and Business Strategy Outlook)
17.1. Deere & Company 17.2. Kubota Corporation
17.3. Mahindra & Mahindra Limited
17.4. CLAAS KGaA mbH
17.5. KS Group
17.6. YANMAR Co., Ltd.
17.7. Preet Group
17.8. SDF S.p.A.
17.9. Hind Agro Industries
17.10. Tractors and Farm Equipment Limited
17.11. Kartar Agro Industries
17.12. Other Prominent Players

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • Deere & Company
  • Kubota Corporation
  • Mahindra & Mahindra Limited
  • CLAAS KGaA mbH
  • KS Group
  • YANMAR Co., Ltd.
  • Preet Group
  • SDF S.p.A.
  • Hind Agro Industries
  • Tractors and Farm Equipment Limited
  • Kartar Agro Industries

Table Information

Report AttributeDetails
No. of Pages279
PublishedFebruary 2024
Forecast Period2023 - 2030
Estimated Market Value ( USD ) in 2023 $ 49.33 Billion
Forecasted Market Value ( USD ) by 2030 $ 64.94 Billion
Compound Annual Growth Rate4.1%
Regions CoveredGlobal

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About the Combine Harvester Market

The Combine Harvester is a type of agricultural machinery and equipment used to harvest and thresh grain crops. It combines the processes of reaping, threshing, and winnowing into one machine, allowing for a more efficient harvesting process. The Combine Harvester is typically used for wheat, barley, oats, rye, flax, and other small grain crops. It is also used for harvesting corn, soybeans, and other crops. The Combine Harvester is a large, complex machine, and is usually powered by a diesel engine. It is equipped with a cutting bar, a threshing cylinder, and a cleaning fan. The Combine Harvester market is a large and competitive one, with many manufacturers offering a variety of models. Companies in the market include John Deere, New Holland, Claas, Massey Ferguson, and Case IH. Show Less Read more

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