India Combine Harvester Market Size (2024 - 2029)

The Indian combine harvester market has experienced significant growth, driven by increased farm mechanization aimed at enhancing agricultural productivity and expanding cultivation areas for grain crops. Government support and rising mechanization levels, particularly in harvesting and threshing operations for various crops, have further bolstered the market. The cultivation of coarse cereals and other crops has created opportunities for market entrants, while major agricultural machinery manufacturers are expanding production capabilities to meet the growing demand, contributing to the overall market expansion.

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Market Size of India Combine Harvester Industry

India Combine Harvester Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR 5.70 %
Market Concentration High

Major Players

india-combine-harvester-market

*Disclaimer: Major Players sorted in no particular order

India Combine Harvester Market Analysis

The Indian combine harvester market size is estimated at USD 231.8 million in 2023 and is expected to reach USD 306.2 million by 2028, registering a CAGR of 5.7% during the forecast period (2023-2028).

The market for combined harvesters in India has proliferated over the past few years. This is due to the rising farm mechanization to raise agricultural productivity, the growing land area for the cultivation of grain crops, and the support from the government. According to the Indian Council of Agricultural Research (ICAR), in India, the harvesting and threshing operations for major cereals, pulses, oil seeds, millets, and cash crops, except rice and wheat, are nearly 32% mechanized. The mechanization levels of harvesting and threshing in rice and wheat crops are more than 60%. This shows increased use of combine harvesters for harvesting and threshing operations, supporting market growth.

The cultivation area under various crops has also risen over the recent years. For instance, according to the Directorate of Economics and Statistics, the total area for cultivating coarse cereals across India increased from 24.0 million hectares in 2020 to 24.1 million ha in 2021. This provides great opportunities for market entrants in the combine harvesters segment. Major agriculture machinery manufacturers are expanding their manufacturing facilities to increase the production of combine harvesters, which favors the market. For instance, in 2023, Mahindra & Mahindra Farm Equipment Sector (FES), a part of Mahindra Group, set up a farm machinery plant in Pithampur, Madhya Pradesh. The new plant is spread over 23 acres and can manufacture 1,200 combine harvesters annually.

India Combine Harvester Industry Segmentation

A combine harvester is an agricultural machine used to harvest different kinds of crops by simultaneously reaping, threshing, and winnowing. The India Combine Harvester Market is segmented by type into self-propelled, track, and tractor-powered combine harvesters. The market sizing has been done in value terms in USD for all the abovementioned segments.

By Type
Self-propelled Combine Harvester
Track Combine Harvester
Tractor-powered Combine Harvester
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India Combine Harvester Market Size Summary

The Indian combine harvester market has experienced significant growth in recent years, driven by increased farm mechanization aimed at boosting agricultural productivity and expanding cultivation areas for grain crops. Government support and initiatives have further propelled this growth, with a notable rise in the mechanization of harvesting and threshing operations, particularly for major crops like rice and wheat. The expansion of urbanization and the resulting labor shortages in rural areas have also contributed to the growing reliance on advanced harvesting machinery, making combine harvesters an essential tool for Indian farmers. This trend is supported by the increasing area harvested under cereals and grains, which are a staple in Indian cuisine and a significant part of the country's agricultural output.

The market is characterized by a consolidated landscape with key players such as Claas India, Preet Group, Kubota Corporation, Mahindra & Mahindra Ltd, and Kartar Agro Industries Private Limited. These companies compete on product quality and strategic initiatives, including collaborations and acquisitions, to enhance their market presence and drive innovation. Recent developments, such as Mahindra & Mahindra Ltd's launch of a new wheel harvester and the establishment of a dedicated farm machinery plant, underscore the ongoing investment in expanding production capabilities and introducing advanced agricultural machinery. These efforts, coupled with government schemes like the YSR Yantra Seva Pathakam, are expected to sustain the market's growth trajectory in the coming years.

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India Combine Harvester Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Overview

    2. 1.2 Market Drivers

      1. 1.2.1 High Cost of Farm Labors

      2. 1.2.2 Increasing Consumption of Grain Crops

    3. 1.3 Market Restraints

      1. 1.3.1 High Cost of Combine Harvesters

      2. 1.3.2 Small and Fragmented Land Holdings

    4. 1.4 Industry Attractiveness - Porter's Five Forces Analysis

      1. 1.4.1 Bargaining Power of Suppliers

      2. 1.4.2 Bargaining Power of Buyers

      3. 1.4.3 Threat of New Entrants

      4. 1.4.4 Threat of Substitute Products

      5. 1.4.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION

    1. 2.1 By Type

      1. 2.1.1 Self-propelled Combine Harvester

      2. 2.1.2 Track Combine Harvester

      3. 2.1.3 Tractor-powered Combine Harvester

India Combine Harvester Market Size FAQs

The India Combine Harvester Market is projected to register a CAGR of 5.70% during the forecast period (2024-2029)

Claas India, Preet Group, Kartar Agro Industries Private Limited, Mahindra & Mahindra Ltd and Kubota Corporation are the major companies operating in the India Combine Harvester Market.

India Combine Harvester Market Report Snapshots

India Combine Harvester Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)