Press release
Combines Market Expected to Achieve 5.2% CAGR by 2029: Growth Forecast Insights
Combines Market
How Large Will the Combines Market Size By 2025?
The size of the combined market has been experiencing a steady increase over the past years. An enhancement from $27.63 billion in 2024 to $28.7 billion in 2025, with a compound annual growth rate (CAGR) of 3.9%, is predicted. The surge during the historical phase owes to factors such as agricultural mechanization, diversification of crops, farm consolidation, advancements in technology, and improved crop yields.
How Big Is the Combines Market Size Expected to Grow by 2029?
The total market size for combines is predicted to experience a robust expansion in the upcoming years, reaching $35.1 billion in 2029 with a compound annual growth rate (CAGR) of 5.2%. Factors such as sustainable agriculture, resilience to climate change, precision and digital agriculture have contributed to this estimated growth in the forecast period. Significant trends during this period are anticipated to be mechanization and automation, precision farming, data management integration, and environmental sustainability.
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Which Key Market Drivers Powering Combines Market Expansion and Growth?
The transition from manual labour to mechanized operations has fueled the expansion of the combines market. A combine, a type of farming equipment, facilitates the cutting and threshing of grains, thereby reducing manual tasks. In several developed nations globally, a large portion of farm operations are executed using farming machinery. For example, as per an article by Gilbert Ayine Akolgo in Ghana in September 2022, it was found that the available tractor power had risen to 0.0588 kW/ha in 2020, with a prediction of a rise to 0.0752 kW/ha in 2025. Furthermore, it was uncovered that mechanized methods cost between 21.3% and 53.8% less than manual ones. The migration from manual labour to farm mechanization propels the combines market growth during the projected period.
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Which Fast-Growing Trends Are Poised to Disrupt the Combines Market?
Innovations in agricultural technology, such as the use of telematics in farm equipment, are expected to cause a rising trend in the combined market. Telematics, a system that collects and records work data, tracking, and yield data from devices like combine harvesters, forage harvesters, and tractors, represents a promising development. A user could access the gathered data instantaneously or retrospectively on the TELEMATICS website using various devices like desktops, laptops, smartphones, or integrated into any widely used farm management software. For instance, CLAAS offers telematics which enhances real-time workflow, yield mapping, and machine surveillance to boost efficiency.
What Are the Emerging Segments in the Combines Market?
The combinesmarket 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 2024. 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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