Combine Harvester Market is estimated to reach US$ 12.7 Bn at a CAGR of 3.8% between 2020 and 2026

Combine Harvester Market 2022

The global Combine Harvester market is expected to reach a little over US$ 12.7 Bn by the end of the forecast period, registering a CAGR of 3.8% for the period between 2018 and 2026.

A stronger foundation is anticipated to be built for the expansion of the global Combine Harvester market by factors such as improved education and awareness, government-sponsored programmes for the purchase of agricultural equipment, a shift from manual to mechanised labour, and an expanding population.

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Persistence Market Research (PMR) delivers key insights on the global Combine Harvester market in its new report titled 'Combine Harvester Market: Global Industry Analysis 2013 - 2017 and Forecast 2018 - 2026.' The long-term outlook on the global Combine Harvester market will remain positive with the Combine Harvester market value expected to increase at a CAGR of 3.8% during the forecast period. According to sources, the self-propelled segment is expected to register healthy growth during the forecast period, primarily due to growing adoption of large-sized combine harvesters.

The Combine Harvester Market is a market where farmers can purchase combine harvesters. The market has a variety of different combine harvesters from different brands. The farmers can test drive the combine harvesters and get a feel for them before they make their purchase. There are also various attachments that can be purchased for the combine harvesters. The market is open every day of the week.

Company Profiles- 

• Deere & Company
• Kubota Corporation
• Mahindra & Mahindra Limited
• CLAAS KGaA mbH
• KS Group
• YANMAR Co., Ltd.
• Preet Group
• SDF S.p.A.
• Hind Agro Industries
• Tractors and Farm Equipment Limited and more

In terms of volume, China is expected to account for nearly one half of the total share in the global Combine Harvester market by the end of 2018 and is expected to retain its position in the Combine Harvester market during the forecast period.

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Global Combine Harvester Market: Dynamics

Due to the transition of agricultural activities from animal or manually operated to professional work, the need for agricultural equipment is anticipated to increase significantly. Farmers' attention is turning away from automation and investment power and toward government efforts, an increasing urbanisation rate, and a need for time savings. The global market for combine harvesters is expected to benefit from rising demand for agricultural equipment, which is expected to increase demand for combine harvesters.

Several schemes by governments provide extensive support to farmers for the purchase of agricultural equipment and are thus promoting agri-business entrepreneurship by helping poor farmers in purchasing costlier machines. This, in turn, is anticipated to boost the sales of combine harvesters during the forecast period.

High interest rates in certain countries, such as in Brazil, might restrain farmers' capacity to purchase agricultural equipment. Products sold/imported in the EU countries must comply with the extensive EU regulatory regimes. The products must comply with EU regulations, such as REACH (Registration, Evaluation, Authorization and Restriction of Chemicals), WEE (Waste Electrical and Electronic Equipment Directive) and RoHS (the Restriction of Hazardous Substances Directive). This, in turn, is estimated to restrain the growth of global combine harvester market during the forecast period.

High dependency on rain for irrigation and low replacement of equipment ARE also estimated to be key factors restraining the growth of combine harvester market during the forecast period.

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Global Combine Harvester Market: Forecast

The Combine Harvester market insights suggest that the self-propelled segment will continue to dominate the Combine Harvester market during the forecast period.

On the basis of cutting width, the market varies from region to region. The demand for small sized combine harvesters is significantly higher in countries like China and India whereas the demand for large sized combine harvester is higher in regions including North America and Europe.

The Latin America Combine Harvester market is found to be a high value region and is further expected to dominate in terms of sales over the forecast period. However, Southeast Asia & Pacific is expected to grow at above average growth rate in the global Combine Harvester market over the forecast period.

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