The latest research study by IMARC Group, "Combine Harvesters Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028" offers a comprehensive analysis of the industry, which comprises insights on global combine harvesters market share. The 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 referred to as a combine, represents a complex agricultural machinery used by farmers for threshing, gathering, reaping, and winnowing in a single process. It saves time and human labor and lowers crop production expenses and post-harvest losses. A combine harvester protects crops from getting damaged by natural disasters, such as floods, unseasonal rains, and hailstorms. It also lowers the stress for the farmer and tackles the harvesting efficiently, even in case of labor scarcity during the peak season. In addition, a combine harvester aids in enhancing crop productivity and raising farm revenue in the long term. As a result, this machinery is extensively used in the agriculture sector across the globe.
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Combine Harvesters Market Trends and Drivers:
The rising global population is propelling the need for crops and cereals and improved farm productivity, which is among the primary factors driving the combine harvesters market. Besides this, the emerging trend of urbanization, the shifting farmer preferences towards mechanized practices, and the various advancements in agricultural technology are further augmenting the market growth. Moreover, the launch of several policies by the government bodies, including lending procedures for procurement of machinery and organizing necessary training programs to educate farmers about effective farming practices and the benefits of using combine harvesters, is also catalyzing the global market. Apart from this, the escalating sales of advanced machines and tools, owing to the labor scarcity across countries, are acting as significant growth-inducing factors. Furthermore, the utilization of novel strategies by the leading players for installing new production plants is expected to bolster the combine harvesters market in the coming years.
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Combine Harvesters Market 2023-2028 Analysis and Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
- 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)
- Yanmar Holdings Co. Ltd
The report has segmented the market on the basis of
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
Key highlights of the report:
- Market Performance (2017-2022)
- Market Outlook (2023-2028)
- Porter's Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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