Combine Harvester Market was worth USD xxx billion in 2021 and estimated to be growing at a CAGR of xxx%, to reach USD xxx billion by 2026. A combine harvester is a versatile machine designed to make the process of harvesting crops more efficient. Automation is an important aspect of agriculture and so is mechanization and combine harvesters are one the basic steps in achieving this.
Combine harvesters perform the three processes of reaping, threshing and winnowing in a single machine and hence the name combine harvester. Combine Harvester are very economical and boast labour saving as its main advantage. Inspite of several great advances in mechanics and computer control, the basic operating principle of the combine harvester has remained unchanged almost since it was invented.
Drivers and Restraints of Combine Harvester Market:
The growth of the combine harvester market is mainly driven by the shorter harvest periods due to changing climatic conditions. With the weather conditions taking a turn for the worst, the harvest periods are expected to keep being erratic and short. This is prime territory for the flourishment of the combine harvester market. Other drivers of the market include the increasing acceptance of automated equipment, rising consumer awareness and the research and development done in the field. As for the restraints of the market, the initial high costs of buying the equipment and the maintenance costs are the major turn offs for the market. Also some degree of technical knowledge is needed for the operation of the machines which might be a problem in developing and under developed countries where farmers lack the required technical skills.
REPORT METRIC |
DETAILS |
Market Size Available |
2020 – 2026 |
Base Year |
2020 |
Forecast Period |
2022 - 2027 |
CAGR |
xxx% |
Segments Covered |
By Product, Class and Region |
Various Analyses Covered |
Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities |
Regions Covered |
North America, Europe, APAC, Latin America, Middle East & Africa |
Market Leaders Profiled |
AGCO,CLAAS,CNH Indusrial,Deere & Company,Dewulf,Kubota Agricultural Machinery,Kuhn Group,Lely Group,Lovol Heavy Industry,Ploeger,Pottinger,Preet Group,SDF,Sampo Rosenlew and Others. |
The Combine Harvester Market is segmented and sub-segmented into following categories:
The Combine Harvester market is broadly classified based on Product into
The Combine Harvester market is broadly classified based on Class into
The Market is Geographically divided into:
The Combine Harvester Market is dominated by North America in 2017 with the region accounting for 36% of the overall market share. North America was followed next in line by Europe and Asia-Pacific. Asia-Pacific is expected to grow rapidly in the coming years as is evident from the high CAGR value for the region. Another promising region for the market is Latin America, which is expected to show high growth rates in coming years.
Key Players:
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