Combine Harvester Market is estimated to be worth US$ 12.7 Bn by 2026-end at a CAGR of 3.8%
Global Market Study on Combine Harvester: Crawler Type Harvesters to Command Significant Growth Through 2026
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.
Combine harvesters are large machines used to harvest crops such as wheat, barley, oats, corn, soybeans, and other grains. They are used to cut, thresh, and clean the grain, and are an essential piece of equipment for farmers and agricultural companies.
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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 market growth is primarily driven by the increasing demand for food due to the growing population, increasing mechanization of agriculture, and rising demand for biofuels. Additionally, the increasing adoption of precision farming techniques and the use of technology to improve crop yields are also expected to contribute to the market growth.
In addition to the increasing demand, there are numerous other factors driving growth in the Combine Harvester Market including government policies promoting agricultural development; fluctuating crop prices; improved access to credit; reduced tariffs; increased mechanization of farming processes; and changing consumer preferences towards organic produce. These drivers have been instrumental in providing access to better harvest equipment which has helped improve yields while reducing labor costs.
The North American region is expected to dominate the combine harvester market due to the increasing adoption of advanced technologies and the presence of large and medium-sized farming operations in the region. Additionally, the increasing government support for the development of the agriculture sector is also expected to drive the market growth in the region.
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• 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
• Kartar Agro Industries Private Limited
• Iseki & Co., Ltd.
• Sampo Rosenlew Ltd.
The Combine Harvester Market has seen a variety of new entrants in recent years, with manufacturers targeting different regions around the world for their products. Major companies operating in this space include John Deere, AGCO Corporation, Claas Group and Kubota Corporation. These companies have invested heavily into research & development to design more efficient and reliable machines which can meet the demands of farmers across different industries.
In terms of regional analysis, North America currently holds the largest share of Combine Harvester Market due to its high agricultural output and increased automation trends in farming techniques. Asia Pacific is expected to surpass North America by 2025 due to rising demand from large countries such as China & India where technological advancements have been made to improve efficiency within the agriculture sector.
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In conclusion, The market growth is primarily driven by the increasing demand for food due to the growing population, increasing mechanization of agriculture, and rising demand for biofuels. Additionally, the increasing adoption of precision farming techniques and the use of technology to improve crop yields are also expected to contribute to the market growth.
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