Press release
Combine Harvester Market to Rear Excessive Growth During 2017 - 2025
Tractor pulled combine harvester, self propelled combine harvester, power take off combine harvester, wheel type and crawler type combine harvester are the different types of combine harvesters available in market. Among these, self propelled combine harvester is pegged to be the most preferable when compared to other types owing to its finest features including no grain breakage, better maneuverability in wet and soft fields, high grain cleanliness and extra capacity diesel tank. Also, self propelled combine harvester is operated by a single operator and the engine is used for both harvesting and propulsion processes.
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Global Combine Harvester Market: Dynamics
Drivers
Increasing governmental support for agricultural mechanization is expected to be a major factor driving the growth of the combine harvester market over the forecast period. Governments are supporting farmers by training them to operate agricultural machinery and providing them subsidies. Moreover, the increasing need of bigger harvester with high horsepower and greater capacity will also give traction to the growth of combine harvester market in the near future. Furthermore, short harvest windows of crops will increase the demand of powerful equipment such as combine harvester to increase the efficiency in short period. This is expected to drive the growth of combine harvester over the forecast period. That apart, the advancement in technology and better fuel efficiency of combine harvester encourage the farmers to purchase new harvester will further add to growth of market.
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Restraint
High cost of combine harvester is expected to hamper the growth of combine harvester market over the forecast period. Moreover, combine harvester requires qualified technicians to service and mange, which will further acts as a restraining factor in the growth of the combine harvester market.
During the forecast period, North America is estimated to witness high growth in the combine harvester market, owing to replacement of old machinery in the region, labor scarcity mainly for harvesting and high labor cost. Asia Pacific in particular is expected to witness significant growth in the combine harvester market, due to growing agriculture sector in the region. Europe is expected to grow with a significant CAGR, owing to the growing demand of combine harvesters from the agriculture sector. The Middle East and Africa and Japan are estimated to support the growth of the combine harvester market over the forecast period, due to expected growth in the agriculture sector in the upcoming years.
Global Combine Harvester Market: Key Participants
Examples of some of the market participants identified across the value chain of the global combine harvester market include:
Deere & Company
Case International Harvester
New Holland Agriculture
Massey Ferguson
KS GROUP
VISHAVKARMA AGRO Industries
AGCO
CNH Industrial
CLAAS KGaA mbH
Lovol Heavy Industry
Caterpillar Inc.
Komatsu Ltd.
Zhongji Southern Machinery Co., Ltd.
YANMAR CO., LTD.
Balkar Combines
Kubota Agricultural Machinery
Lovol Heavy Industry
Lely Group
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