by Market Overview:
Combine harvesters are agricultural machines that harvest grain crops such as wheat, oats, barley and rice by cutting the crop and threshing it to extract the grain. They are widely used as they offer efficient and economical harvesting solutions compared to manual harvesting. Combine harvesters save time and labor cost for farmers.
Market key trends:
One of the key trends in the combine harvesters market is the adoption of autonomous technologies. Major players are focusing on development of self-propelled combines equipped with advanced technologies such as GPS, auto-steering and computer vision systems. These autonomous combines offer precision farming and enable harvesting of crops with minimum wastage even in unfavorable conditions or difficult terrains. For instance, John Deere launched 8R and 7R series autonomous combines to meet growing demand for automation in agriculture.
Segment Analysis
The global combine harvesters market is segmented by harvester type, harvesting type, and grain tank size. In terms of harvester type, self-propelled harvesters are dominating the market and accounts for over 60% share. Self-propelled harvesters provide efficient harvesting capabilities and require less manual labor, which is driving their adoption among large farmers.
Key Takeaways
The Global Combine Harvesters Market Demand is expected to witness high growth, exhibiting CAGR of 3.7% over the forecast period 2023 to 2030, due to increasing mechanization in agriculture. The market was valued at US$ 4238.7 million in 2021.
Regional analysis
Asia Pacific is expected to dominate the combine harvesters market over the forecast period. Rapid growth in agriculture production in countries such as India and China is driving the demand for agricultural machinery including combine harvesters in the region. North America and Europe are also significant markets for combine harvesters.
Key players
Key players operating in the combine harvesters market are Tractors and Farm Equipment Limited (TAFE), Claas KGaA mbH, Mahindra & Mahindra Ltd, Kubota Agricultural Machinery, Deere & Company, Yanmar Co. Ltd, Massey Ferguson (AGCO Corporation), Iseki & Co. Ltd, CNH Industries Nv, SDF, Renault Sonalika International, and PREET GROUP. The market is highly consolidated with top players accounting for over 60% share.
Note:
- Source: Coherent Market Insights, Public sources, Desk research
- We have leveraged AI tools to mine information and compile it
Money Singh is a seasoned content writer with over four years of experience in the market research sector. Her expertise spans various industries, including food and beverages, biotechnology, chemical and materials, defense and aerospace, consumer goods, etc.
