Press release
Combines Market Expected to Achieve 5.3% CAGR by 2029: Growth Forecast Insights
Combines Market Size
How Large Will the Combines Market Size By 2025?
The size of the combines market has experienced a robust increment in the past years. An upward shift from $27.3 billion in 2024 to $28.71 billion in 2025 is projected with a compound annual growth rate (CAGR) of 5.1%. Factors such as agricultural mechanization, diversifying crops, merging of farms, technological progression, and crop yields largely account for the growth observed in the historic period.
How Big Is the Combines Market Size Expected to Grow by 2029?
The total size of the combines market is predicted to experience significant expansion in the upcoming years. Its value is projected to reach $35.28 billion by 2029, demonstrating a compound annual growth rate (CAGR) of 5.3%. The escalation predicted during the forecast period will likely be driven by factors such as sustainable farming practices, resilience to climate change, high-precision agriculture, and the implementation of digital agriculture. Key trends for this time frame encompass mechanization and automation, precision agriculture, synchronization of data management, and prioritizing environmental sustainability.
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Which Key Market Drivers Powering Combines Market Expansion and Growth?
The transition from manual labour to farm mechanization has significantly influenced the combines market expansion. Combines are agricultural appliances that are used to cut and thresh grains, thereby reducing physical labour. In several developed countries globally, most farm tasks are performed with these mechanical aids. For instance, an article by Gilbert Ayine Akolgo in Ghana in September 2022 reported that the available tractor power increased to 0.0588 kW/ha in 2020, with a forecasted rise to 0.0752 kW/ha by 2025. Moreover, the study found that mechanized operations were between 21.3% and 53.8% more cost-effective than manual ones. Thus, the movement from manual labor to farm mechanization propels the combines market growth during the prediction period.
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Which Fast-Growing Trends Are Poised to Disrupt the Combines Market?
Technological progress in agricultural machinery, for example, the integration of telematics systems into agricultural equipment, is predicted to emerge as a new trend in the joint market. Telematics is a method of transferring data that collects and logs performance data, tracks, and gathers data from interconnected combine harvesters, forage harvesters, and tractors. The information gathered can be accessed and reviewed immediately or at a later time online via the TELEMATICS website using a computer, laptop, smartphone, or it can be transferred to any widely used farm management software. For example, CLAAS offers telematics that enhance the workflow in real-time, maps yield, and oversees machines to enhance their efficiency.
What Are the Emerging Segments in the Combines Market?
The combines market covered in this report is segmented -
1) By Product Type: Self-Propelled, Tractor-Pulled, PTO Powered
2) By Type Of Movement: Crawler Type, Wheel Type
3) By Power: Below 150 HP, 150-300 HP, 300-450 HP, 450-550 HP, Above 550 HP
Subsegments:
1) By Self-Propelled: Standard Self-Propelled Combines, High-Capacity Self-Propelled Combines, Compact Self-Propelled Combines, Other Self-Propelled Combines
2) By Tractor-Pulled: Small Tractor-Pulled Combines, Medium Tractor-Pulled Combines, Large Tractor-Pulled Combines, Other Tractor-Pulled Combines
3) By PTO Powered: Standard PTO Powered Combines, High-Efficiency PTO Powered Combines, Custom PTO Powered Combines, Other PTO Powered Combines
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Who Are the Global Leaders in the Combines Market?
Major companies operating in the combines market include Deere & Company, Kubota Corporation, AGCO Corporation, Claas KGaA GmbH, Yanmar America Corporation, Tractors and Farm Equipment Limited (TAFE), CNH Industrial N.V., ISEKI & Co. Ltd., Versatile, SAME DEUTZ-FAHR (SDF), Preet Agro Industries Pvt. Ltd., LOVOL Heavy Industry Co. Ltd., Mahindra & Mahindra Limited, Caterpillar Inc., Daedong Industrial Co. Ltd., J C Bamford Excavators Limited, MASSEY FERGUSON, Zhengzhou Amisy Machinery Co. Ltd., Pickett Equipment, Zhejiang Liulin Agricultural Machinery Co. Ltd., Rostselmash, Zoomlion Heavy Industry Science & Technology Co. Ltd., Xingguang Agricultural Machinery, Shandong Shifeng Group, Jiangsu Wode Group, Kuhn Group, Escorts Limited, Laverda S.p.A., Hubei Machinery and Equipment Co. Ltd., Goldsun (Hubei) Machinery Co. Ltd., Laizhou Deyuan Machinery Co. Ltd., Sampo-Rosenlew Ltd., Parul Industries, Greaves Cotton Limited, Belarusian Autoworks
Which are the Top Profitable Regional Markets for the Combines Industry?
Asia-Pacific was the largest region in the combines market in 2023. North America was the second largest region in the combines market. The regions covered in the combines market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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