 |
| Global Combine Harvesters Market Size |
Combine harvesters are machines used to reap grain crops like wheat, oats,
barley, etc. within a short period of time andThreshing it from the straw. They
reduce labor, maximize efficiency and harvesting losses. The growing focus on
agricultural mechanization and farm consolidation is driving demand for combine
harvesters.
The global
Combine Harvesters Market is estimated to be valued at US$ 6.1 billion in 2023 and is expected to exhibit a CAGR of 22% over the forecast period
2024, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
One of the major trends driving the growth of the combine harvesters market is
increased agricultural mechanization. Farmers are increasingly adopting
mechanization to reduce dependence on labor and complete harvesting operations
quickly and efficiently. As small landholdings are consolidated into larger
farms, mechanization becomes indispensable. Moreover, labor shortages have
necessitated the use of combine harvesters. Advanced harvesting equipment like
self-propelled combines complete harvesting and threshing work simultaneously,
thereby accelerating the entire process significantly. This has boosted their
demand across major farming economies.
Segment
Analysis
The global combine harvesters market is dominated by self-propelled harvesters
segment. Self-propelled harvesters require less labor to operate while offering
greater productivity as compared to other segments such as tractor-mounted and
semi-self-propelled harvesters. They can harvest crops efficiently from large
areas without needing to be hauled between fields, making them ideal for medium
to large-scale producers. Their ability to move independently in fields at
higher speeds makes them a highly preferred choice. Hence, self-propelled
harvesters account for over 70% of combine harvesters market share.
Key Takeaways
Global
Combine Harvesters Market Size is expected to witness high growth over
the forecast period.
Regional
analysis: Western Europe currently dominates the combine harvesters market led
by countries including Germany, France, and UK. High mechanization levels
across grain and oilseed farms along with the presence of prominent
international players have aided regional market growth. Asia Pacific
isexpected emerge as the fastest growing regional combine harvesters market led
by China, India, and Japan. Increasing allocation towards agricultural sector
development and expansion of agricultural land are fueling regional demand.
Key players operating in the combine harvesters market include John Deere, CNH
Industrial, AGCO, CLAAS, Kubota, Mahindra & Mahindra, ISEKI, SDF and
Yanmar. John Deere is currently the global sales leader with varieties of
self-propelled, tractor-mounted and tractor-drawn combine harvesters. CNH
Industrial and AGCO occupy second and third positions respectively and are
expanding their product lines to strengthen positions in major markets like
Europe and North America.
Explore More Related Article On This
Topic: https://www.pressreleasebulletin.com/combine-harvesters-market-share/
Explore More Related Article: https://techaxen.com/understanding-synthetic-aperture-radar-technology/