Combine Harvester Global Market Report 2024

A combine harvester is a substantial agricultural machine designed for harvesting grain crops such as wheat, corn, and soybeans. It performs multiple functions, including reaping, threshing, and winnowing, significantly enhancing the efficiency and speed of harvesting operations in farming.

Two primary types of combine harvesters include the tractor-pulled or PTO-powered combine harvester and the self-propelled combine harvester. The tractor-pulled or PTO-powered combine harvester operates by connecting to a tractor through a power take-off (PTO) system, allowing the tractor's engine to power and tow the harvester. This type is commonly used in small farms, diversified farms, and fields with varying accessibility. Combine harvesters come in different variations, such as wheel-type and crawler-type, categorized based on their movements and available in varying sizes classified by their horsepower (HP). These sizes range from below 150 HP, 150-300 HP, 300-450 HP, 450-550 HP, to above 550 HP. They are utilized for harvesting various crops, including wheat, rice, soybeans, and other similar grains.

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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 growth observed in the historical period can be attributed to several factors. These include the adoption of mechanization in agriculture, which led to increased efficiency and productivity, the expansion of farm sizes necessitating more advanced machinery, challenges related to labor shortages prompting the use of mechanized solutions, government support and subsidies encouraging agricultural modernization, the global population growth creating higher demands for food production, and the trend towards crop diversification to meet varying market needs.

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%. The anticipated growth in the forecast period can be linked to several key factors. These encompass the increasing demand for food production due to population growth and changing dietary preferences, the adoption of smart farming practices integrating technology for efficient agricultural operations, a heightened focus on sustainable agricultural methods, the global expansion of precision farming techniques, and the trend of farm consolidation and agribusiness leading to larger and more efficient operations. Key trends expected in this period include the widespread adoption of precision agriculture technologies for optimized crop management, continuous technological advancements in agricultural machinery and systems, the development of climate-resilient harvesting technologies to mitigate the impact of changing weather patterns, the integration of energy-efficient practices in harvesting processes, and the implementation of predictive maintenance solutions to enhance machinery performance and reduce downtime in farming operations.

The combine harvester market is poised for growth due to the increasing demand for agricultural production. Agricultural production involves a range of activities aimed at cultivating crops and rearing animals to yield essential resources such as food and fiber. This comprehensive process includes soil cultivation, planting, harvesting, livestock breeding, and efficient management of farm resources. Combine harvesters play a crucial role in modern agricultural practices, particularly in large-scale farming operations. Their integration offers significant advantages, making farming processes more accessible, faster, and efficient. As indicated by UK statistics authority in October 2022, wheat harvesting saw a notable 45% increase, and sugar beet production rose by 26% in 2021 compared to the previous year, underscoring the pivotal role of combine harvesters in meeting the demands of agricultural production.

The combine harvester market is expected to witness growth driven by the increased food demands of a growing global population. The escalating requirements for food resources, propelled by a continuously expanding population, highlight the significance of efficient agricultural practices. Combine harvesters contribute to addressing this demand by optimizing crop harvesting processes, reducing labor requirements, and enhancing overall efficiency in the agricultural sector. According to data from the U.S. Census Bureau in September 2022, the resident population of the United States experienced a 0.4% increase, reaching 333,287,557 in 2022. This population growth underscores the urgency to meet rising food demands, making combine harvesters pivotal in achieving enhanced productivity and sustainability in agriculture.

The combine harvester market is experiencing a significant trend of technological advancements, with companies adopting new technologies to strengthen their market position. In June 2022, Deere & Company, a leading US-based machinery manufacturing company, introduced high-capacity X-series combine harvesters (X9 1000 and X9 1100). These harvesters incorporate Precision Ag technologies, collecting crucial machine and yield data to enhance harvesting outcomes. Equipped with advanced features, these devices automatically adapt to changing conditions, maximizing grain harvesting efficiency while minimizing loss or damage. The X9 1100, for example, can harvest up to 7,200 bushels of high-yielding corn and 30 acres of robust, high-yielding wheat per hour.

Major players in the combine harvester market are actively focused on developing innovative products to elevate productivity, as demonstrated by the Gen2 8100 EX self-propelled combine harvester. Launched by Swaraj Division, Mahindra & Mahindra Ltd., an India-based manufacturer, this harvester boasts a power output of 101 HP, a spacious grain tank with a 2140-liter capacity, and features such as five straw walkers and a sieve area of 4.72 square meters to minimize grain loss. Introduced in June 2022, the Gen2 8100 EX Self-Propelled Combine Harvester is specifically designed to enhance productivity, performance, and operational ease for paddy farmers. It efficiently harvests rice, wheat, and soybeans, ensuring the reaping, threshing, and winnowing of grains with minimal loss and breakage.

In August 2021, Deere & Company, a prominent U.S.-based machinery manufacturing corporation, completed the acquisition of Bear Flag Robotics for a total of $250 million. This strategic move aims to expand Deere & Company's presence in the Bay Area, complementing its existing establishments such as John Deere Labs and Blue River. Through this acquisition, John Deere is poised to accelerate advancements in farm automation technologies. By combining the expertise and experience of Bear Flag Robotics in autonomous machinery with Deere's proficiency in autonomy, the integration aims to hasten the delivery of innovative solutions to farmers, addressing the significant challenge of sustaining food production for a growing global population. Bear Flag Robotics, the acquired company, specializes in the manufacturing of autonomous machinery and is based in the United States.

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.

North America was the largest region in the combine harvester market in 2023. Asia Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the combine harvester market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the combine harvester market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The combine harvester market consists of sales of track combine harvesters, stripper combine harvesters, and control combine harvesters. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Combine Harvester Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on combine harvester market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

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Where is the largest and fastest growing market for combine harvester ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The combine harvester market global report from the Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

• The market characteristics section of the report defines and explains the market.
• The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
• The forecasts are made after considering the major factors currently impacting the market. These include:

The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.

The impact of higher inflation in many countries and the resulting spike in interest rates.

The continued but declining impact of covid 19 on supply chains and consumption patterns.

• Market segmentations break down the market into sub markets.
• The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
• The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
• The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.

Scope

Markets Covered:

• 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
• Companies Mentioned: Deere & Company; CNH Industrial NV; Kubota Corporation; New Holland Agriculture; Mahindra & Mahindra Ltd.
• Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
• Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
• Time series: Five years historic and ten years forecast.
• Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
• Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
• Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
• Delivery format: PDF, Word and Excel Data Dashboard.