The Business Research Company’s report on the Combine Harvester Market provides insights into the global market size, growth rate, regional distribution, competitive landscape, key segments, emerging trends, and strategic opportunities.
How are market drivers shaping the future growth trajectory of the combine harvester industry?
The increasing demand for agricultural production is expected to propel the growth of the combine harvester market going forward. Agricultural production encompasses the cultivation of crops and the rearing of animals to yield food, fiber, and various other products. It involves various activities such as soil cultivation, planting, harvesting, livestock breeding, and managing farm resources. A combine harvester is an important piece of equipment in agricultural production, especially in large-scale farming operations as it offers many advantages that make farming easier, faster, and more efficient. For instance, in February 2024, according to the Department for Environment, Food & Rural Affairs, a UK-based government department, the UK’s Total Income from Farming (TIFF) rose by $1.2 billion (£1.1 billion) (17%) from the previous year, reaching $8.6 billion (£7.9 billion). Total crop output saw a significant increase of $2.6 billion (£2.4 billion) (22%), reaching $14.5 billion (£13.3 billion), largely driven by a 50% rise in the value of wheat, which experienced a 35% increase in unit price. Therefore, the increasing demand for agricultural production is driving the growth of the combine harvester market going forward.
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What is the estimated market size of the combine harvester sector by 2029, based on current forecasts?
The combine harvester market size has grown steadily in recent years. It will grow from $58.32 billion in 2024 to $60.79 billion in 2025 at a compound annual growth rate (CAGR) of 4.3%. The growth in the historic period can be attributed to mechanization in agriculture, increasing farm sizes, labor shortages, government support and subsidies, global population growth, crop diversification
The combine harvester market size is expected to see steady growth in the next few years. It will grow to $72.69 billion in 2029 at a compound annual growth rate (CAGR) of 4.6%. The growth in the forecast period can be attributed to rising demand for food production, smart farming practices, focus on sustainability, global expansion of precision farming, farm consolidation and agribusiness. Major trends in the forecast period include precision agriculture technologies, technological advancements, climate-resilient harvesting technologies, energy-efficient harvesting, predictive maintenance solutions.
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Who are the top players in the combine harvester market?
Major companies operating in the combine harvester market include Deere & Company, CNH Industrial NV, Kubota Corporation, New Holland Agriculture, Mahindra & Mahindra Ltd., Yanmar Co. Ltd., Zoomlion Heavy Industry Science & Technology Co. Ltd., Claas KGaA GmbH, Lovol Heavy Industry Co. Ltd., Sonalika International Tractors Limited, Iseki & Co. Ltd., Same Deutz-Fahr S.p.A, Kuhn SA, Tractors and Farm Equipment Limited (TAFE), Sampo Rosenlew Ltd., Malkit Agrotech Private Limited, Dewulf Group, Zhengzhou Amisy Machinery Co. Ltd., Hind Agro Industries, KS Group, Buhler Versatile Incorporated, Kartar Agro Industries Private Limited, OAO Rostselmash, Massey Ferguson Limited, Preet Agro Industries Pvt Ltd., Jiangsu World Agriculture Machinery Co. Ltd., Gomselmash Oao, Mitsubishi Agricultural Machinery Co. Ltd., Agrinar SA, Wuhan Wubota Machinery Co. Ltd.
What are the major trends in the combine harvester market?
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.
Which geography holds the highest combine harvester market share?
North America was the largest region in the combine harvester market in 2024. Asia Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the combine harvester market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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How do different segments contribute to the overall expansion of the combine harvester market?
The combine harvester market covered in this report 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
Subsegments:
1) By Tractor Pulled Or PTO Powered Combine Harvester: Standard Tractor Pulled, High-Capacity PTO Powered, Specialty Crop Harvesters
2) By Self-Propelled Combine Harvester: Standard Self-Propelled, High-Capacity Self-Propelled, Compact Self-Propelled, Hybrid Models
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How is the combine harvester market defined?
A combine harvester is a large agricultural machine that is used to harvest grain crops such as wheat, corn, and soybeans. Combine harvesters are used for reaping, threshing, and winnowing grains, making harvesting faster and more efficient. They are equipped with a variety of components and mechanisms that enable them to perform multiple functions in a single pass through the field.
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