What Is The Current and Historic Market Size Analysis Of The Combines Market?
The combines market has seen considerable growth due to a variety of factors.
• The overall dimension of the combines market has seen robust expansion in the past few years. It is expected to escalate from $27.3 billion in 2024 to $28.71 billion in 2025, with a compound annual growth rate (CAGR) of 5.1%.
Factors such as agricultural mechanization, crop diversification, farm consolidation and technological developments, as well as increased crop yield are seen as influential contributors to the growth observed during the historic time period.
What Are The Predictions for The Combines Market in the Coming Years?
The combines market is expected to maintain its strong growth trajectory in upcoming years.
• The aggregated market size is anticipated to witness substantial growth in the ensuing years, expanding to a staggering $35.28 billion by 2029, with a compound annual growth rate (CAGR) of 5.3%.
The acceleration during the forecasted period can be traced back to several factors such as sustainable farming practices, resilience in the face of climate change, precision farming, and digital farming. Key trends during the forecasting timeframe encompass mechanization and automation, precision agriculture, unified data management, and environmental sustainability.
Which Drivers Are Accelerating Growth In The Combines Market?
The transition from manual labor on farms to their mechanization has fueled expansion in the combines market. A combine is an agricultural machine designed to reduce manual labor by cutting and threshing grains. In various developed nations worldwide, most agricultural activities are performed using such machinery. For example, as per an article by Gilbert Ayine Akolgo in Ghana in September 2022, tractor power availability showed an increase, reaching 0.0588 kW/ha in 2020 and is expected to rise further to 0.0752 kW/ha in 2025. It has also been found that mechanized activities are 21.3% to 53.8% more cost-effective than manual ones. This trend of moving away from labor-intensive practices towards mechanization propels the combines market's growth in the forecast period.
What Are The Core Segments Of The Global Combines Market?
The combines market covered in this report is segmented –
1) By Product Type: Self-Propelled, Tractor-Pulled, PTO Powered
2) By Type Of Movement: Crawler Type, Wheel Type
3) By Power: Below 150 HP, 150-300 HP, 300-450 HP, 450-550 HP, Above 550 HP
Subsegments:
1) By Self-Propelled: Standard Self-Propelled Combines, High-Capacity Self-Propelled Combines, Compact Self-Propelled Combines, Other Self-Propelled Combines
2) By Tractor-Pulled: Small Tractor-Pulled Combines, Medium Tractor-Pulled Combines, Large Tractor-Pulled Combines, Other Tractor-Pulled Combines
3) By PTO Powered: Standard PTO Powered Combines, High-Efficiency PTO Powered Combines, Custom PTO Powered Combines, Other PTO Powered Combines
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What New Trends Are Influencing The Combines Market?
Advancements in technological innovations such as the use of telematics in agricultural machinery are expected to be a rising trend in the merged market. Telematics, a system that transmits and logs work data, tracks, and collects yield data from linked agricultural machines such as combine harvesters, forage harvesters, and tractors. The amassed data can be evaluated and accessed in real-time or retrospectively through the TELEMATICS web portal using various devices such as a desktop, laptop, smartphone, or it can be imported to any widely used farm management software. For instance, to enhance machine efficiency and optimize the work process in real-time, CLAAS provides telematics for yield mapping and machinery monitoring.
Who Are the Key Players In The Combines Market?
Major companies operating in the combines market include:
• Deere & Company
• Kubota Corporation
• AGCO Corporation
• Claas KGaA GmbH
• Yanmar America Corporation
• Tractors and Farm Equipment Limited (TAFE)
• CNH Industrial N.V.
• ISEKI & Co. Ltd.
• Versatile
• SAME DEUTZ-FAHR (SDF)
• Preet Agro Industries Pvt. Ltd.
• LOVOL Heavy Industry Co. Ltd.
• Mahindra & Mahindra Limited
• Caterpillar Inc.
• Daedong Industrial Co. Ltd.
• J C Bamford Excavators Limited
• MASSEY FERGUSON
• Zhengzhou Amisy Machinery Co. Ltd.
• Pickett Equipment
• Zhejiang Liulin Agricultural Machinery Co. Ltd.
• Rostselmash
• Zoomlion Heavy Industry Science & Technology Co. Ltd.
• Xingguang Agricultural Machinery
• Shandong Shifeng Group
• Jiangsu Wode Group
• Kuhn Group
• Escorts Limited
• Laverda S.p.A.
• Hubei Machinery and Equipment Co. Ltd.
• Goldsun (Hubei) Machinery Co. Ltd.
• Laizhou Deyuan Machinery Co. Ltd.
• Sampo-Rosenlew Ltd.
• Parul Industries
• Greaves Cotton Limited
• Belarusian Autoworks
What Are The Regional Insights Into The Combines Market?
Asia-Pacific was the largest region in the combines market in 2023. North America was the second largest region in the combines market. The regions covered in the combines market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
