Combine Harvester Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 3.70 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Combine Harvester Market Analysis
The combined harvesters market is projected to register a CAGR of 3.7% during the forecast period.
- Increasing farm mechanization is one of the most important reasons behind the growth of the combined harvesters market. Farm mechanization saves time and labor, cuts down crop production costs in the long run, reduces post-harvest losses, and boosts crop output and farm income. Steady growth was observed in manually operated tools, animal-operated implements, and equipment operated by mechanical and electrical power sources.
- Agricultural systems worldwide have undergone changes in the cropping system, the type of power sources used, and the application of inputs to achieve a high level of productivity. The concerns about increasing the productivity of farms with declining labor availability are mainly driving the market. The favorable credit policies toward machinery purchases adopted by the government and other institutions, coupled with the ability to increase farm productivity, are driving the market's growth.
- Asian countries like India, China, and Japan are urging farmers to adopt the latest technologies to enhance productivity. China and Japan are moving toward autonomous farms in the upcoming years. Hence, the major players in the country are investing in developing advanced combine harvesters.
Combine Harvester Market Trends
Labor Shortage and Rising Cost of Farm Labor
The factors expected to augment the demand for combined harvesters are growth in the urban population and industrialization, which led to a shortage in farm labor, thus pushing the farmers to employ machinery for harvesting. Farmers are increasingly adopting agricultural mechanization as a substitute for manual labor since they are a more cost-effective, easily available, and more efficient means of agricultural operation.
According to the Indian Council of Food and Agriculture, the percentage of agriculture workers in India is estimated to decline by 25.7% in 2050, leading to the increasing demand for agricultural equipment, including combined harvesters. Farm mechanization saves time and labor, cuts down crop production costs in the long run, reduces post-harvest losses, and boosts crop output and farm income.
North America Dominates the Market
The scarcity of labor and the rising labor costs in North America, coupled with the need to replace old machinery with new ones, are encouraging the region to adopt the new technology and enhance the productivity and efficiency of the crops grown in North America. The erratic climate conditions in the region are driving the market for combined harvesters due to their high operational efficiency.
The United States holds a major share of North America's combined harvesters market. Agriculture is a major occupation in the United States, where the mechanization of farming is considered an important reason for increased productivity, sales, and export. The technological advancements are directed toward the use of combined harvesters in agricultural fields.
According to the Association of Equipment Manufacturers, the sale of self-propelled combined harvesters in the United States saw a gain of 15.8% in 2022 compared to the previous year. In January 2021, 194 self-propelled combined harvesters were sold in the country, while it was 200 units in January 2022. A double-digit growth across North America for combined harvesters indicates the greater demand for the same.
Combine Harvester Industry Overview
The combined harvesters market is consolidated with key players such as CLAAS, John Deere, Yanmar Co. Ltd, and Kubota Agricultural Machinery. These companies are partnering with other companies and expanding their production capacities to cater to the growing demand for innovative combined harvester products. These companies are heavily investing in developing new products and collaborating with and acquiring other companies to increase their market shares while strengthening their R&D activities.
Combine Harvester Market Leaders
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CLAAS
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John Deere
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Zhengzhou Amisy Machinery Co. Ltd
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Yanmar Co. Ltd
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Kubota Agricultural Machinery
*Disclaimer: Major Players sorted in no particular order
Combine Harvester Market News
- November 2022: CLAAS invested USD 48.4 million in producing the world's first modern combined harvester at its Harsewinkel site as part of the SynPro 2020 project. The company aims to manufacture a harvester with unparalleled variety and highly flexible production with significant CO2 savings.
- March 2021: Kubota Corporation announced its decision to increase its shareholding by 2022 in the Indian tractor manufacturing company Escorts Limited to develop and manufacture basic combined harvesters targeting India and other emerging markets.
Combine Harvester Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions and Market Definition
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
- 4.1 Market Overview
- 4.2 Market Drivers
- 4.3 Market Restraints
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4.4 Porter's Five Forces Analysis
- 4.4.1 Bargaining Power of Suppliers
- 4.4.2 Bargaining Power of Buyers/Consumers
- 4.4.3 Threat of New Entrants
- 4.4.4 Threat of Substitute Products
- 4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
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5.1 Type
- 5.1.1 Self-propelled
- 5.1.2 Tractor-pulled Combine
- 5.1.3 PTO-powered Combine
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5.2 Geography
- 5.2.1 North America
- 5.2.1.1 United States
- 5.2.1.2 Canada
- 5.2.1.3 Mexico
- 5.2.1.4 Rest of North America
- 5.2.2 Europe
- 5.2.2.1 Germany
- 5.2.2.2 United Kingdom
- 5.2.2.3 France
- 5.2.2.4 Spain
- 5.2.2.5 Italy
- 5.2.2.6 Rest of Europe
- 5.2.3 Asia-Pacific
- 5.2.3.1 China
- 5.2.3.2 Japan
- 5.2.3.3 India
- 5.2.3.4 Australia
- 5.2.3.5 Rest of Asia-Pacific
- 5.2.4 South America
- 5.2.4.1 Brazil
- 5.2.4.2 Argentina
- 5.2.4.3 Rest of South America
- 5.2.5 Africa
- 5.2.5.1 South Africa
- 5.2.5.2 Rest of Africa
6. COMPETITIVE LANDSCAPE
- 6.1 Most Adopted Competitor Strategies
- 6.2 Market Share Analysis
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6.3 Company Profiles
- 6.3.1 Tractors and Farm Equipment Limited (TAFE)
- 6.3.2 Claas KGaA GmbH
- 6.3.3 Mahindra & Mahindra Ltd
- 6.3.4 Kubota Agricultural Machinery
- 6.3.5 Deere & Company
- 6.3.6 Yanmar Co. Ltd
- 6.3.7 Massey Ferguson (AGCO Corporation)
- 6.3.8 Iseki & Co. Ltd
- 6.3.9 CNH Industries NV
- 6.3.10 SDF
- 6.3.11 Renault Sonalika International
- 6.3.12 PREET GROUP
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
** Subject To AvailablityCombine Harvester Industry Segmentation
Combined harvesters are important in achieving automation and mechanization in the field of agriculture. The combine harvesters market is segmented by type (self-propelled, tractor-pulled combine, and PTO-powered combine) and geography (North America, Europe, Asia-Pacific, South America, and Africa). The report offers market size and forecasts in terms of value in USD million for all the above segments.
| Type | Self-propelled | |
| Tractor-pulled Combine | ||
| PTO-powered Combine | ||
| Geography | North America | United States |
| Canada | ||
| Mexico | ||
| Rest of North America | ||
| Geography | Europe | Germany |
| United Kingdom | ||
| France | ||
| Spain | ||
| Italy | ||
| Rest of Europe | ||
| Geography | Asia-Pacific | China |
| Japan | ||
| India | ||
| Australia | ||
| Rest of Asia-Pacific | ||
| Geography | South America | Brazil |
| Argentina | ||
| Rest of South America | ||
| Geography | Africa | South Africa |
| Rest of Africa |
Combine Harvester Market Research FAQs
What is the current Combine Harvesters Market size?
The Combine Harvesters Market is projected to register a CAGR of 3.70% during the forecast period (2024-2029)
Who are the key players in Combine Harvesters Market?
CLAAS, John Deere, Zhengzhou Amisy Machinery Co. Ltd, Yanmar Co. Ltd and Kubota Agricultural Machinery are the major companies operating in the Combine Harvesters Market.
Which is the fastest growing region in Combine Harvesters Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Combine Harvesters Market?
In 2024, the North America accounts for the largest market share in Combine Harvesters Market.
What years does this Combine Harvesters Market cover?
The report covers the Combine Harvesters Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Combine Harvesters Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Combine Harvester Industry Report
Statistics for the 2024 Combine Harvester market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Combine Harvester analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
