Combine Harvesters Market

Market Overview:

The global combine harvesters market size reached US$ 10.2 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 13.0 Billion by 2028, exhibiting a growth rate (CAGR) of 4.4% during 2023-2028.

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:

IMARC Group 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 2023-2028. Our 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.

Report Coverage: