Asia Pacific Combine Harvester Market

Asia Pacific Combine Harvester Market Size (2024 to 2032)

Asia Pacific combined harvester market was valued at USD 12.08 billion in 2023 and is anticipated to reach USD 12.67 billion in 2024 from USD 18.51 billion by 2032, growing at a CAGR of 4.85% from 2024 to 2032.

A combine harvester is a versatile machine designed to make the process of harvesting crops more efficient. Automation is an important aspect of agriculture, and so is mechanization, and combined harvesters are one of the basic steps in achieving this. 

Combine harvesters perform the three processes of reaping, threshing, and winnowing in a single machine. Hence, the name combines harvester. Combine Harvester is very economical and boasts labor savings as its main advantage. In spite of several great advances in mechanics and computer control, the basic operating principle of the combine harvester has remained unchanged almost since it was invented.

Market Drivers and Restraints

The growth of the combine harvester market is mainly driven by the shorter harvest periods due to changing climatic conditions. With the Asia Pacific weather conditions taking a turn for the worst, the harvest periods are expected to keep being erratic and short. This is prime territory for the flourishment of the combine harvester market. Other drivers of the market include the increasing acceptance of automated equipment, rising consumer awareness, and the research and development done in the field. As for the restraints of the market, the initial high costs of buying the equipment and the maintenance costs are the major turn-offs for the market. Also, some degree of technical knowledge is needed for the operation of the machines, which might be a problem in developing and underdeveloped countries where farmers lack the required technical skills.

SEGMENTATION ANALYSIS

By Product

• Self-Propelled
• Tractor Pulled
• PTO Powered

By Class

• Class 4 and 5
• Class 6
• Class 7
• Class 8
• Class 9
• Class 10

REGIONAL ANALYSIS

• India
• China
• Japan
• South Korea
• Australia
• New Zealand
• Thailand
• Malaysia
• Vietnam
• Philippines
• Indonesia
• Singapore
• Rest of APAC

Based on geography, the Asia-Pacific market is divided into India, China, South Korea, Japan and Australia. Asia-Pacific is expected to grow rapidly in the coming years as is evident from the high CAGR value for the region. In addition to having the highest growth rate, the region also has the third highest market share. The rapid growth of the region can be attributed to the developing stature of countries such as India and China.

KEY MARKET PLAYERS

AGCO, CLAAS, CNH Industrial, Deere & Company, Dewulf, Kubota Agricultural Machinery, Kuhn Group, Lely Group, Lovol Heavy Industry, Ploeger, Pottinger, Preet Group, SDF, Sampo Rosenlew. These are the market players that are dominating the Asia Pacific combined harvester market.