IMARC Group, a leading market research company, has recently releases report titled "Combine Harvesters Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032" The global combine harvesters market size reached US$ 10.6 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 15.4 Billion by 2032, exhibiting a growth rate (CAGR) of 4.1% during 2024-2032. A combine harvester also referred to as a combine, represents a complex agricultural machinery used by farmers for threshing, gathering, reaping, and winnowing in a single process. It saves time and human labor and lowers crop production expenses and post-harvest losses. A combine harvester protects crops from getting damaged by natural disasters, such as floods, unseasonal rains, and hailstorms. It also lowers the stress for the farmer and tackles the harvesting efficiently, even in case of labor scarcity during the peak season. In addition, a combine harvester aids in enhancing crop productivity and raising farm revenue in the long term. As a result, this machinery is extensively used in the agriculture sector across the globe. Request PDF Sample for more detailed market insights: https://www.imarcgroup.com/combine-harvesters-market/requestsample Combine Harvesters Market Trends and Drivers: The rising global population is propelling the need for crops and cereals and improved farm productivity, which is among the primary factors driving the combine harvesters market. Besides this, the emerging trend of urbanization, the shifting farmer preferences towards mechanized practices, and the various advancements in agricultural technology are further augmenting the market growth. Moreover, the launch of several policies by the government bodies, including lending procedures for procurement of machinery and organizing necessary training programs to educate farmers about effective farming practices and the benefits of using combine harvesters, is also catalyzing the global market. Apart from this, the escalating sales of advanced machines and tools, owing to the labor scarcity across countries, are acting as significant growth-inducing factors. Furthermore, the utilization of novel strategies by the leading players for installing new production plants is expected to bolster the combine harvesters market in the coming years. Leading Companies Operating in the Global Combine Harvesters Industry:
- AGCO Corporation
- CLAAS KGaA mbH
- Deere & Company
- Iseki & Co. Ltd.
- KARTAR Agro Industries Private Limited
- KS Agrotech Pvt. Ltd.
- KUBOTA Corporation
- Mahindra & Mahindra Ltd.
- PREET AGRO Industries (P) Limited
- SDF Group, Tractors and Farm Equipment Limited (Amalgamations Group)
- Yanmar Holdings Co. Ltd
- Self-propelled Combine Harvester
- Tractor-pulled Combine/PTO Powered Combine Harvester
- Wheel Type Combine Harvester
- Crawler Type Combine Harvester
- Small Size Combine Harvester
- Large Size Combine Harvester
- Below 150 HP
- 150-300 HP
- 300-450 HP
- 450-550 HP
- Above 550 HP
- Wheat Harvesting
- Rice Harvesting
- Soyabeans Harvesting
- Others
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
- Porters Five Forces Analysis
- Value Chain Analysis
- Strategic Recommendations