Combine Harvesters Market

Combine Harvesters Market Outlook (2023 to 2033)

Worldwide sales of combine harvesters amount to US$ 51.2 billion and are forecasted to increase at 3.8% CAGR over the next ten years. As such, by 2033-end, the global combine harvesters market is estimated to reach a valuation of US$ 74.5 billion.

Combine harvesters are agricultural machines that combine operations such as reaping, threshing, gathering, and winnowing to create a one-stop solution for farmers. Combine harvesters improve productivity, efficiency, and profitability for farmers and hence are expected to witness a steady hike in demand on a global level. Portable combine harvesters, wheat harvesters, rice harvester machines, and maize combine harvesters are some of the popular products in the marketplace at present.

Rising popularity of farm and agriculture mechanization around the world is anticipated to primarily bolster sales of combine harvesters over the coming years. Growing adoption of precision farming techniques, rising global population, scarcity of labor, supportive initiatives from governments, and frequent launch of advanced agricultural equipment are key prospects that are anticipated to uplift demand for combine harvesters over the next ten years.

Farmers are expected to opt for advanced machines to keep farming profitable and ensure better output. Rising farm labor costs and scarcity of skilled labor are expected to open up new avenues of opportunities for combine harvester companies going forward.

On the flip side, high manufacturing and maintenance costs associated with combine harvesters are anticipated to restrain market development in the long run. The complex nature of advanced combine harvesters is also expected to limit market growth to a certain extent over the coming years.

“Combine Harvester Sales Forecasted to Soar in Asia Pacific”

The presence of key agriculture-driven economies such as India and China makes APAC a highly opportunistic market for combine harvester companies. Growing adoption of advanced agricultural equipment, supportive government initiatives, rising investments in the mechanization of agricultural processes, and the growing availability of combines are other aspects that are anticipated to uplift shipments of combine harvesters in the region over the next ten years. Small combine harvesters, rice reaper harvesters, and portable combine harvesters are expected to witness a steady hike in demand in the APAC region across the forecast period.

More detailed insights regarding regional markets, global demand, local supply, supply chain management, product standards, etc. have been discussed extensively in this newly revised combine harvesters market research analysis by Fact.MR, a market research and competitive intelligence provider.

Report Attributes	Details
Combine Harvesters Market Size (2023)	US$ 51.2 Billion
Projected Market Value (2033F)	US$ 74.5 Billion
Global Market Growth Rate (2023 to 2033)	3.8% CAGR
300 to 450 HP Segment Market Share (2033)	~30%
Europe Market Growth Rate (2023 to 2033)	4.3% CAGR
North America Market Share (2022)	~50%
Asia Pacific Market Growth Rate (2023 to 2033)	4.5% CAGR
Key Companies Profiled	CLAAS Iseki & Co. Ltd. AGCO Corporation John Deere Dewulf N.V. Mahindra & Mahindra Ltd. Zoomlion Heavy Industry Science & Technology Co. Ltd. Kuhn SA New Holland Yanmar Co. Ltd Kubota Agricultural Machinery Foton Lovol International Heavy Industry Co. Ltd. OAO Rostselmash CNH Industrial NV Buhler Versatile Incorporated Gomselmash Oao

Will Start-ups Be Able to Cultivate a Name for Themselves in This Industry?

“Indian Market Providing Superlative Incubation for New Entrants”

India is a leading name in the global agriculture industry and this makes it a highly lucrative market for agricultural machinery suppliers. The spending capacity of farmers in the country is limited, which limits the sales of advanced agricultural equipment and this is the issue that start-ups are expected to focus on over the coming years.

Mechanization of agricultural processes in India is nowhere near what other countries have and this is projected to create highly remunerative business scope for established as well as upcoming combine harvester companies in the future.

• Akshaya Agri, a start-up founded in 2020 and based in India provides agricultural mechanization services and solutions for small farmers. The company aims to solve the challenges that act as a barrier to farm machinery and agricultural equipment adoption in India.
• Sea6 Energy, a Bangalore-based start-up is focusing on the mechanization of ocean farming through its ‘Sea Combine’. Sea Combine is a catamaran that is capable of harvesting and replanting seaweed simultaneously. The company has launched a prototype at its seaweed farm located off the coast of Indonesia.

India is a relatively easy market for new entrants due to the absence of an organized agricultural equipment sector but is also rife with opportunities to explore and perfect business models that can then be expanded on a global level.

This new combine harvesters market research report by Fact.MR proffers a comprehensive assessment of how new developments by start-ups are influencing product standards and pricing trends on a global level.

Country-wise Insights

How is North America Market Growth Being Driven?

“United States Extrapolated to Maintain Hegemony”

The United States accounts for significant combine harvester sales in the North American region owing to the scarcity of labor and high costs of labor in the agriculture industry. Rapid adoption of innovative and advanced tillage equipment is expected to create an attractive demand outlook for combine harvesters across the forecast period. Supportive government initiatives, the frequent launch of new combine harvester models, and the presence of key combine harvester manufacturers are other factors that could boost market development in the country through 2033.

Increasing focus of farmers on increasing productivity and profitability is also projected to boost shipments of combine harvesters in the country going forward. High production of corn in the country is projected to propel sales of corn harvesters in the country through 2033. However, changing prime rates and fluctuations in steel prices are expected to hamper combine harvester demand in the United States over the coming years.

Why is Japan a Bankable Market for Combine Harvester Manufacturers?

“Rising Adoption of Advanced Agricultural Techniques Offering Attractive Growth Scope”

Japan has only around 20% farmable land and the agriculture sector contributed merely 1% to the country’s GDP (Gross Domestic Product). The aforementioned facts could lead anyone to believe that Japan is not a lucrative market for agricultural machinery, but this is not the case.

The farmable land of the country is intensely utilized with most land being used to cultivate rice, which could bolster demand for rice reaper harvesters and harvester paddy cutting machines in the country over the coming years.

Growing adoption of vertical farming techniques in the country could boost demand for smart agricultural equipment and uplift demand for advanced combine harvesters that are specially designed for the aforementioned type of farming.

Which European Countries Should Combine Harvester Suppliers Focus On?

“France & Germany to Offer Huge Moneymaking Opportunities”

High presence of key combine harvester manufacturers and increasing launches of new advanced harvesting machines are anticipated to be key factors determining combine harvesters market future in the European region going forward. Growing adoption of advanced agricultural equipment, supportive government initiatives, and increasing demand for agricultural produce to feed the growing population are other aspects that influence combine harvester sales in Europe.

Cumulatively, France and Germany are estimated to account for around 30% of the total combine harvester demand in the European market by the end of the forecast period. Increasing adoption of precision farming techniques by the public, as well as private sectors, is slated to bolster market growth in the aforementioned European countries through 2033.

Category-wise Insights

Which Mechanism is Universally Accepted for Combine Harvesters?

“Hydraulic Mechanism to Spearhead Market Growth”

Based on mechanism, the combine harvesters market is segmented into hydraulic and hybrid.

Hydraulic combine harvesters account for a dominant market share at present and are estimated to maintain a similar position throughout the forecast period. The use of hydraulics offers high power density from a small volume and this is a prime advantage that is slated to bolster demand for hydraulic mechanisms in the global marketplace over the next ten years.

However, demand for hybrid combine harvesters is forecasted to rise at a higher CAGR than hydraulic combine harvesters, which can be ascribed to their ability to operate with zero wastage and comparatively shorter time.

Competitive Landscape

Prime combine harvester manufacturers are focusing on the integration of advanced technologies to improve the productivity of machines and offer advanced harvesting solutions for farmers.

• In January 2023, John Deere, a leading American manufacturer of agricultural machinery announced that it was offering HarvestLab 3000 Grain Sensing option for its S700 series combine harvesters from 2018 or newer. The grain sensing option allows continuous monitoring of starch, oil, and protein values in canola, wheat, and barley as the combine harvests grains. Through this farmers can precisely log harvest information to optimize their farming technique.

Leading combine harvester suppliers are also investing in the expansion of their production capacity to maximize sales potential and gain a competitive advantage over other market players.

• In November 2022, Mahindra & Mahindra’s Farm Equipment Sector (FES) inaugurated its first dedicated machinery (non-tractor) plant in Madhya Pradesh, India. The plant has a capacity of manufacturing nearly 1200 combine harvesters per year and is spread across 23 acres in the city of Pithampur.

Key Segments of Combine Harvesters Industry Research

• By Power :

  • Below 150 HP
  • 150 to 300 HP
  • 300 to 450 HP
  • 450 to 550 HP
  • Above 550 HP

• By Mechanism :

  • Hydraulic
  • Hybrid

• By Grain Tank Size :

  • Less Than 250 bu
  • 250 to 350 bu
  • More Than 350 bu

• By Region :

  • North America
  • Latin America
  • Europe
  • APAC
  • MEA