What is the present valuation and projected CAGR of the combines market?
The combines market size has grown strongly in recent years. It will grow from $27.3 billion in 2024 to $28.71 billion in 2025 at a compound annual growth rate (CAGR) of 5.1%. The growth in the historic period can be attributed to agricultural mechanization, crop diversification, farm consolidation, technological advancements, crop yields.
The combines market size is expected to see strong growth in the next few years. It will grow to $35.28 billion in 2029 at a compound annual growth rate (CAGR) of 5.3%. The growth in the forecast period can be attributed to sustainable agriculture, climate change resilience, precision agriculture, digital agriculture. Major trends in the forecast period include mechanization and automation, precision agriculture, integration of data management, environmental sustainability.
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What key drivers have fueled the combines market’s development over the years?
The shift from manual activities in the farm to the mechanization of farms contributed to the growth of the combines market. The combine is farm Industry that can cut and thresh grains and reduce manual work. In many developed countries across the world, the majority of farm activities are done with the help of farm Industry. For instance, in September 2022, according to an article published by Gilbert Ayine Akolgo in Ghana, it was discovered that the amount of tractor power available has climbed to 0.0588 kW/ha in the year 2020 and is predicted to increase to 0.0752 kW/ha in the year 2025. Additionally, it was discovered that mechanised processes were between 21.3% and 53.8% less expensive than manual processes. The shift from labour to mechanizing of the farms drives the growth of the combines market for combines in the forecast period.
What is the segmentation for the combines market?
The combines market covered in this report is segmented –
1) By Product Type: Self-Propelled, Tractor-Pulled, PTO Powered
2) By Type Of Movement: Crawler Type, Wheel Type
3) By Power: Below 150 HP, 150-300 HP, 300-450 HP, 450-550 HP, Above 550 HP
Subsegments:
1) By Self-Propelled: Standard Self-Propelled Combines, High-Capacity Self-Propelled Combines, Compact Self-Propelled Combines, Other Self-Propelled Combines
2) By Tractor-Pulled: Small Tractor-Pulled Combines, Medium Tractor-Pulled Combines, Large Tractor-Pulled Combines, Other Tractor-Pulled Combines
3) By PTO Powered: Standard PTO Powered Combines, High-Efficiency PTO Powered Combines, Custom PTO Powered Combines, Other PTO Powered Combines
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Who are the most influential companies in the combines market?
Major companies operating in the combines market include Deere & Company, Kubota Corporation, AGCO Corporation, Claas KGaA GmbH, Yanmar America Corporation, Tractors and Farm Equipment Limited (TAFE), CNH Industrial N.V., ISEKI & Co. Ltd., Versatile, SAME DEUTZ-FAHR (SDF), Preet Agro Industries Pvt. Ltd., LOVOL Heavy Industry Co. Ltd., Mahindra & Mahindra Limited, Caterpillar Inc., Daedong Industrial Co. Ltd., J C Bamford Excavators Limited, MASSEY FERGUSON, Zhengzhou Amisy Industry Co. Ltd., Pickett Equipment, Zhejiang Liulin Agricultural Industry Co. Ltd., Rostselmash, Zoomlion Heavy Industry Science & Technology Co. Ltd., Xingguang Agricultural Industry, Shandong Shifeng Group, Jiangsu Wode Group, Kuhn Group, Escorts Limited, Laverda S.p.A., Hubei Industry and Equipment Co. Ltd., Goldsun (Hubei) Industry Co. Ltd., Laizhou Deyuan Industry Co. Ltd., Sampo-Rosenlew Ltd., Parul Industries, Greaves Cotton Limited, Belarusian Autoworks
What are the top industry trends projected to impact the combines market?
Technological advancements in farm Industry such as the involvement of telematics in agricultural equipment are likely to be an emerging trend in the combined market. Telematics is a data transfer system that retrieves and records work data, tracks, and yields data from connected combine harvesters, forage harvesters, and tractors. The collected data are further accessed and evaluated online in real-time or retrospectively through the TELEMATICS website using a desktop, laptop, smartphone, or can be exported to any common farm management software program. For instance, CLAAS provides telematics that optimizes the work process in real-time, yield mapping, and monitors machines to improve machine efficiency.
What are the major regional insights for the combines market, and which region holds the top position?
Asia-Pacific was the largest region in the combines market in 2023. North America was the second largest region in the combines market. The regions covered in the combines market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
What Does The Combines Market Report 2025 Offer?
The combines market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
Combines refer to equipment that is engaged in manufacturing combine harvesters, which are versatile machines designed to efficiently harvest a variety of grain crops. Only goods and services traded between entities or sold to end consumers are included.
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