The global combine harvesters market size reached US$ 10.6 Billion in 2023. Looking forward, the market is projected to reach US$ 15.4 Billion by 2032, exhibiting a growth rate (CAGR) of 4.24% during 2023-2032.
A combine harvester, also known as a combine, is complex agricultural machinery used by farmers for reaping, threshing, gathering, and winnowing in a single process. It saves time and human labor and lowers crop production costs and post-harvest losses. It protects crops from getting damaged by natural disasters, such as unseasonal rains, floods, and hailstorms. It also helps reduce the stress for the farmer and tackle the harvesting easily, even in case of a labor scarcity during the peak season. Besides this, it aids in improving crop productivity and increasing farm revenue in the long term. As a result, combine harvesters are extensively used in the agriculture sector across the globe.
Furthermore, governments of numerous countries are encouraging farmers to use these harvesters for improving crop yield and productivity. They are also undertaking several initiatives, such as offering subsidies, favorable lending policies for procurement of machinery, and organizing necessary training programs to educate farmers about effective farming practices and the benefits of using agricultural equipment. Additionally, leading market players are adopting novel strategies for installing new production plants, which is stimulating the market growth. Moreover, increasing investments by key players in extensive research and development (R&D) projects are expected to propel the market growth.
2. What is the expected growth rate of the global combine harvesters market during 2024-2032?
3. What are the key factors driving the global combine harvesters market?
4. What has been the impact of COVID-19 on the global combine harvesters market?
5. What is the breakup of the global combine harvesters market based on the type?
6. What is the breakup of the global combine harvesters market based on the cutting width?
7. What are the key regions in the global combine harvesters market?
8. Who are the key players/companies in the global combine harvesters market?
A combine harvester, also known as a combine, is complex agricultural machinery used by farmers for reaping, threshing, gathering, and winnowing in a single process. It saves time and human labor and lowers crop production costs and post-harvest losses. It protects crops from getting damaged by natural disasters, such as unseasonal rains, floods, and hailstorms. It also helps reduce the stress for the farmer and tackle the harvesting easily, even in case of a labor scarcity during the peak season. Besides this, it aids in improving crop productivity and increasing farm revenue in the long term. As a result, combine harvesters are extensively used in the agriculture sector across the globe.
Combine Harvesters Market Trends
The growing global population is increasing the requirement for crops and cereals and improved farm productivity. This represents one of the key factors positively influencing the market. In addition, rapid urbanization and shifting farmer preferences towards mechanized farming practices are escalating the demand for combine harvesters across the globe. This, along with increasing industrialization and ongoing advancements in agricultural technology, is supporting the market growth. Apart from this, various countries around the world are experiencing labor scarcity, which is increasing the sales of advanced machines and tools, which include combine harvesters.Furthermore, governments of numerous countries are encouraging farmers to use these harvesters for improving crop yield and productivity. They are also undertaking several initiatives, such as offering subsidies, favorable lending policies for procurement of machinery, and organizing necessary training programs to educate farmers about effective farming practices and the benefits of using agricultural equipment. Additionally, leading market players are adopting novel strategies for installing new production plants, which is stimulating the market growth. Moreover, increasing investments by key players in extensive research and development (R&D) projects are expected to propel the market growth.
Key Market Segmentation
This report provides an analysis of the key trends in each sub-segment of the global combine harvesters market report, along with forecasts at the global, regional and country level from 2024-2032. The report has categorized the market based on type, type of movement, cutting width, power and application.Breakup by Type:
- Self-propelled Combine Harvester
- Tractor-pulled Combine/PTO Powered Combine Harvester
Breakup by Type of Movement:
- Wheel Type Combine Harvester
- Crawler Type Combine Harvester
Breakup by Cutting Width:
- Small Size Combine Harvester
- Large Size Combine Harvester
Breakup by Power:
- Below 150 HP
- 150-300 HP
- 300-450 HP
- 450-550 HP
- Above 550 HP
Breakup by Application:
- Wheat Harvesting
- Rice Harvesting
- Soyabeans Harvesting
- Others
Breakup by Region:
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Competitive Landscape
The competitive landscape of the industry has also been examined along with the profiles of the key players being AGCO Corporation, CLAAS KGaA mbH, Deere & Company, Iseki & Co. Ltd., KARTAR Agro Industries Private Limited, KS Agrotech Pvt. Ltd., KUBOTA Corporation, Mahindra & Mahindra Ltd., PREET AGRO Industries (P) Limited, SDF Group, Tractors and Farm Equipment Limited (Amalgamations Group) and Yanmar Holdings Co. Ltd.Key Questions Answered in This Report
1. What was the size of the global combine harvesters market in 2023?2. What is the expected growth rate of the global combine harvesters market during 2024-2032?
3. What are the key factors driving the global combine harvesters market?
4. What has been the impact of COVID-19 on the global combine harvesters market?
5. What is the breakup of the global combine harvesters market based on the type?
6. What is the breakup of the global combine harvesters market based on the cutting width?
7. What are the key regions in the global combine harvesters market?
8. Who are the key players/companies in the global combine harvesters market?
Table of Contents
1 Preface3 Executive Summary13 Value Chain Analysis15 Price Analysis
2 Scope and Methodology
4 Introduction
5 Global Combine Harvesters Market
6 Market Breakup by Type
7 Market Breakup by Type of Movement
8 Market Breakup by Cutting Width
9 Market Breakup by Power
10 Market Breakup by Application
11 Market Breakup by Region
12 SWOT Analysis
14 Porters Five Forces Analysis
16 Competitive Landscape
List of Figures
List of Tables
Companies Mentioned
- AGCO Corporation
- CLAAS KGaA mbH
- Deere & Company
- Iseki & Co. Ltd.
- KARTAR Agro Industries Private Limited
- KS Agrotech Pvt. Ltd.
- KUBOTA Corporation
- Mahindra & Mahindra Ltd.
- PREET AGRO Industries (P) Limited
- SDF Group
- Tractors
- Farm Equipment Limited (Amalgamations Group) and Yanmar Holdings Co. Ltd.
Methodology
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Table Information
Report Attribute | Details |
---|---|
No. of Pages | 137 |
Published | April 2024 |
Forecast Period | 2023 - 2032 |
Estimated Market Value ( USD | $ 10.6 Billion |
Forecasted Market Value ( USD | $ 15.4 Billion |
Compound Annual Growth Rate | 4.2% |
Regions Covered | Global |
No. of Companies Mentioned | 12 |