The Combines Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2011-2022) and extends its insights into a ten-year forecast period (2024-2033).
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https://www.thebusinessresearchcompany.com/report/community-food-services-global-market-report
According to The Business Research Company’s Combines Global Market Report 2024, The combines market size has grown strongly in recent years. It will grow from $25.98 billion in 2023 to $27.8 billion in 2024 at a compound annual growth rate (CAGR) of 7.0%. 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 $34.56 billion in 2028 at a compound annual growth rate (CAGR) of 5.6%. 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.
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 machinery 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 machinery. 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.
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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
Major Players:
- Feeding America
- City Harvest
- Equal Heart
- Volunteers Of American Co.
- A.D. Food Service
- Gratzi Catering
The combines market report table of contents includes:
1. Executive Summary
2. Community Food Services Market Characteristics
3. Community Food Services Market Trends And Strategies
4. Community Food Services Market – Macro Economic Scenario
5. Global Community Food Services Market Size and Growth
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27. Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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