Latin America Combine Harvester Market

Latin America Combine Harvester Market Size, Growth, Trends and Forecast:

Latin America Combine Harvester Market was worth USD xxx billion in 2021 and estimated to be growing at a CAGR of xxx%, to reach USD xxx billion by 2026.

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 combine harvesters are one 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.

Drivers and Restraints of Latin America Combine Harvester Market:

The growth of the combine harvester market is mainly driven by the shorter harvest periods due to changing climatic conditions. With the Latin America 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 under developed countries where farmers lack the required technical skills.

The Latin America Combine Harvester Market is segmented and sub-segmented into following categories:

Latin America Combine Harvester Market - By Product:

• Self-Propelled

• Tractor Pulled
• PTO Powered

Latin America Combine Harvester Market - By Class:

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

The Market is Geographically divided into:

Latin America:

• Argentina
• Brazil
• Mexico

The Latin American region is one that offers immense scope for development in the forecast years as is evident from the high growth rate of the region. Inspite of having only a minor market share, the CAGR of the region is the second highest globally only behind Asia-Pacific. This market is one that shows promise in the coming years.

Key Players:

• AGCO
• CLAAS
• CNH Indusrial
• Deere & Company
• Dewulf
• Kubota Agricultural Machinery
• Kuhn Group
• Lely Group
• Lovol Heavy Industry
• Ploeger
• Pottinger
• Preet Group
• SDF
• Sampo Rosenlew