The Combine Harvester Global Market Report 2023, provides comprehensive information on the combine harvester market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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The global combine harvester market size is expected to grow from $48.83 billion in 2022 to $50.67 billion in 2023 at a compound annual growth rate (CAGR) of 3.77%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The size of combine harvester market is expected to reach $59.58 billion in 2027 at a CAGR of 4.13%.
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Technological advancements are a key trend gaining popularity in the combine harvester market. Companies operating in the combine harvester market are adopting new technologies to sustain their position in the market. For instance, in June 2022, Deere & Company, a US-based machinery manufacturing company launched a high-capacity X-series combine harvesters (X9 1000 and X9 1100). Precision Ag technologies that are built into X Series Combines are available, collecting crucial machines and yield data while assisting in better harvesting outcomes. These highly advanced devices automatically adapt to changing conditions to maximize grain harvesting while minimizing grain loss or grain quality. The X9 1100 can harvest up to 7,200 bushels of high-yielding corn and up to 30 acres of hardy, high-yielding wheat each hour.
The combine harvester market is segmented:
1) By Type: Tractor Pulled Or PTO Powered Combine Harvester, Self-Propelled Combine Harvester
2) By Movement: Wheel Type Combine Harvester, Crawler Type Combine Harvester
3) By Cutting Width: Small Size Combine Harvester, Large Size Combine Harvester
4) By Power Type: Below 150 HP, 150-300 HP, 300-450 HP, 450-550 HP, Above 550 HP
5) By Application: Wheat Harvesting, Rice Harvesting, Soybeans Harvesting, Other Applications
North America was the largest region in the combine harvester market in 2022.
The table of contents in TBRC’s combine harvester market report includes:
- Executive Summary
- Combine Harvester Market Characteristics
- Combine Harvester Market Trends And Strategies
- Combine Harvester Market – Macro Economic Scenario
- Combine Harvester Market Segmentation
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- Global Combine Harvester Market Competitive Benchmarking
- Global Combine Harvester Market Competitive Dashboard
- Key Mergers And Acquisitions In The Combine Harvester Market
- Combine Harvester Market Future Outlook and Potential Analysis
- Appendix
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