Combine Harvester Market

Global Combine Harvester Market Size (2024 to 2032)

The global combined harvester market was expected to be valued at USD 51.8 billion in 2023 and is anticipated to reach USD 53.90 billion in 2024 from USD 74.37 billion by 2032, growing at a CAGR of 4.1% 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 and hence the name combine harvester. Combine Harvester are very economical and boast labour saving as its main advantage. Inspite 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 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.

REPORT COVERAGE

REGIONAL ANALYSIS:

The combine harvester market was dominated by North America in 2017, with the region accounting for 36% of the overall market share. North America was followed next in line by Europe and Asia-Pacific. Asia-Pacific is expected to grow rapidly in the coming years as is evident from the high CAGR value for the region. Another promising region for the market is Latin America, which is expected to show high growth rates in the coming years.

KEY PLAYERS IN THE GLOBAL COMBINE HARVESTER MARKET

AGCO, CLAAS, CNH Indusrial, Deere & Company, Dewulf, Kubota Agricultural Machinery, Kuhn Group, Lely Group, Lovol Heavy Industry, Ploeger, Pottinger, Preet Group, SDF, Sampo Rosenlew. Some of the market players dominating the global combine harvester market.

DETAILED SEGMENTATION OF THE GLOBAL COMBINE HARVESTER MARKET INCLUDED IN THIS REPORT

This research report on the global combined harvester market is segmented and sub-segmented into the following categories:

By Product

• Self-Propelled
• Tractor Pulled
• PTO Powered

By Class

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

By Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa