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Industry Trends and Market Dynamics Shaping the Combine Harvester Market by 2033
Combine Harvester Market
As per the report, the combine harvester market size has grown steadily in recent years. It will grow from $50.67 billion in 2023 to $52.74 billion in 2024 at a compound annual growth rate (CAGR) of 4.1%. The combine harvester market size is expected to see steady growth in the next few years. It will grow to $62.89 billion in 2028 at a compound annual growth rate (CAGR) of 4.5%.
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Surge In Combine Harvester Demand Amidst Growing Agricultural Production
The increasing demand for agricultural production is expected to propel the growth of the combine harvester market going forward. Agricultural production encompasses the cultivation of crops and the rearing of animals to yield food, fiber, and various other products. It involves various activities such as soil cultivation, planting, harvesting, livestock breeding, and managing farm resources. A combine harvester is an important piece of equipment in agricultural production, especially in large-scale farming operations as it offers many advantages that make farming easier, faster, and more efficient. For instance, in October 2022, according to the UK statistics authority, a UK-based government administration, in 2021, wheat harvesting increased by 45% and sugar beet production increased by 26% when compared with the previous year. Therefore, the increasing demand for agricultural production is driving the growth of the combine harvester market going forward.
Technological Advancements Transforming The Combine Harvester Market
Technological advancements are a key trend gaining popularity in the combine harvester market. Companies operating in the combine harvester market are adopting new technologies to sustain their position in the market. For instance, in June 2022, Deere & Company, a US-based machinery manufacturing company launched a high-capacity X-series combine harvesters (X9 1000 and X9 1100). Precision Ag technologies that are built into X Series Combines are available, collecting crucial machines and yield data while assisting in better harvesting outcomes. These highly advanced devices automatically adapt to changing conditions to maximize grain harvesting while minimizing grain loss or grain quality. The X9 1100 can harvest up to 7,200 bushels of high-yielding corn and up to 30 acres of hardy, high-yielding wheat each hour.
The combine harvester market covered in this report is segmented -
1) By Type: Tractor Pulled Or PTO Powered Combine Harvester, Self-Propelled Combine Harvester
2) By Movement: Wheel Type Combine Harvester, Crawler Type Combine Harvester
3) By Cutting Width: Small Size Combine Harvester, Large Size Combine Harvester
4) By Power Type: Below 150 HP, 150-300 HP, 300-450 HP, 450-550 HP, Above 550 HP
5) By Application: Wheat Harvesting, Rice Harvesting, Soybeans Harvesting, Other Applications
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Major companies operating in the combine harvester market report are Deere & Company, CNH Industrial NV, Kubota Corporation, New Holland Agriculture, Mahindra & Mahindra Ltd., Yanmar Co. Ltd., Zoomlion Heavy Industry Science & Technology Co. Ltd., Claas KGaA GmbH, Lovol Heavy Industry Co. Ltd., Sonalika International Tractors Limited, Iseki & Co. Ltd., Same Deutz-Fahr S.p.A, Kuhn SA, Tractors and Farm Equipment Limited (TAFE), Sampo Rosenlew Ltd., Malkit Agrotech Private Limited, Dewulf Group, Zhengzhou Amisy Machinery Co. Ltd., Hind Agro Industries, KS Group, Buhler Versatile Incorporated, Kartar Agro Industries Private Limited, OAO Rostselmash, Massey Ferguson Limited, Preet Agro Industries Pvt Ltd., Jiangsu World Agriculture Machinery Co. Ltd., Gomselmash Oao, Mitsubishi Agricultural Machinery Co. Ltd., Agrinar SA, Wuhan Wubota Machinery Co. Ltd.
Contents of the report:
1. Executive Summary
2. Combine Harvester Market Report Structure
3. Combine Harvester Market Trends And Strategies
4. Combine Harvester Market - Macro Economic Scenario
5. Combine Harvester Market Size And Growth
…..
27. Combine Harvester Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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