Combine Harvester Market

Combine Harvester Market Outlook (2024 to 2034)

As opined in the recently updated market analysis by Fact.MR, revenue from the global combine harvester market is evaluated to reach US$ 8.85 billion in 2024. The global market is forecasted to advance at a CAGR of 3.9% and reach a value of US$ 12.97 billion by the end of 2034.

Combine harvesters are agricultural equipment that gives farmers a one-stop shop by combining tasks including reaping, threshing, gathering, and winnowing. Since combine harvesters are increasing farmers' productivity, efficiency, and profitability, demand for them is predicted to rise steadily globally. Some of the most popular goods on the market right now include portable combine harvesters, wheat harvesters, rice harvester machines, and maize combine harvesters.

Key Market Growth Drivers

• The combine harvester market growth is ascribed to its pivotal function in enhancing and modernizing farming methodologies. Farmers are investing in cutting-edge machinery due to the growing demand for effective and productive farming practices brought on by the world's population growth.
• With their ability to harvest, thresh, and clean crops all in one operation, combine harvesters save a tremendous amount of time and labor, thus responsible for increasing combine harvester market size.
• Combination harvesters are evolving due to the use of precision agriculture methods, automation, and digital technology in the farming industry.
• The advancements in combine harvesters are increasing yield potential and improving resource management. The market for combine harvesters is estimated to increase steadily as long as agricultural productivity is a major concern for the world.
• The growth of combine harvesters will be facilitated by innovations that improve operational efficiency, reduce environmental impact, and contribute to food security.
• The global increase in agriculture mechanization is supporting sales of combine harvesters in the upcoming years. Over the decade, it is estimated that the demand for combine harvesters will rise due to several factors, including the increasing use of precision farming techniques, the growing global population, labor shortages, government measures that are supportive of the industry, and the regular release of improved agricultural equipment, thus setting combine harvester market trends.

Report Attribute	Detail
Combine Harvester Market Size (2024E)	US$ 8.85 Billion
Forecasted Market Value (2034F)	US$ 12.97 Billion
Global Market Growth Rate (2024 to 2034)	3.9% CAGR
Market Share of Large Size Harvesters (Cutting Width) (2034F)	63.8%
Japan Market Growth Rate (2024 to 2034)	4.1% CAGR
East Asia Market Share (2034F)	28.1%
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.

What are Favoring Growth Opportunities for Combine Harvester Manufacturers?

“Modern Harvesting Problems Require Modern Solutions”

Modern harvesting equipment is gaining popularity as a solution to several issues as it carries out agricultural tasks quickly and effectively. Farmers need modern equipment to maintain farming profitability and guarantee higher yields. It is anticipated that combine harvester companies will grow because of the shortage of competent workers and rising farm labor expenses.

According to data provided by the World Bank, urbanization has increased over the years, resulting in the migration of rural households to nearby cities, leading to the scarcity of farm labor in potentially high growth countries, such as India.

The country's agricultural sector depends mostly on manual labor, and the shrinking agricultural workforce has made it extremely difficult to carry out farming tasks such as harvesting. Modern harvesting equipment has grown in popularity as a solution to this issue as it carries out agricultural tasks quickly and effectively.

Which Primary Obstacles are Encountered by Global Market Players?

“Harvesting Crops a Challenge due to Declining Agricultural Workforce”

The agricultural sector depends mostly on manual labor, and the shrinking agricultural workforce has made it extremely difficult to carry out farming tasks such as harvesting. Higher production and maintenance of combine harvesters costs are predicted to impede market growth eventually. India is a leading name in the global agriculture industry and this makes it a highly lucrative market for agricultural machinery suppliers. However, the spending capacity of farmers in the country is limited, thereby restricting sales of advanced agricultural equipment and this is the issue that start-ups are expected to focus more on over the coming years.

Country-wise Insights

The presence of key agriculture-driven economies such as India and China is making the Asia Pacific region a highly opportunistic market for the manufacturers of combine harvesters. Growing adoption of advanced agricultural equipment, supportive government initiatives, rising investments in the mechanization of agricultural processes, and the growing availability of combine harvesters are other aspects that are attracting more companies to the region.

Small combine harvesters, rice reaper harvesters, and portable combine harvesters are witnessing a steady hike in demand in the APAC region across the forecast period. Increasing adoption of precision farming techniques by the public, as well as private sectors, is driving market growth in other regions as well, such as Europe, North America, and others.

Which Factors are Leading to a Consistent Increase in the Demand for Combine Harvesters in the United States?

“United States Accounts for Significant Combine Harvester Sales with Preference for Advanced Farming Equipment”

Attribute	United States
Market Value (2024E)	US$ 1.58 Billion
Growth Rate (2024 to 2034)	3.8% CAGR
Projected Value (2034F)	US$ 2.29 Billion

The United States is analyzed to hold a 78.4% share of the North American market by the end of 2034. The lack of labor and high labor costs in the agriculture sector means that the United States will account for a major portion of the combine harvester sales in the North American region. Throughout the projection period, an appealing demand picture for combine harvesters will be noticed due to the quick adoption of cutting-edge and novel tillage equipment. Other elements that are promoting market expansion in the country include the existence of major combine harvester manufacturers, frequent introductions of new models, and encouraging government initiatives.

Why is There a Higher Demand for Combine Harvesters in Japan?

“Increasing Use of Vertical Farming Methods Creating Demand for Intelligent Agricultural Machinery”

Attribute	Japan
Market Value (2024E)	US$ 636.8 Million
Growth Rate (2024 to 2034)	4.1% CAGR
Projected Value (2034F)	US$ 954.8 Million

Japan is evaluated to contribute 1/4th share of East Asian market revenue by the end of the assessment period in 2034. The farmable land in the country is intensely utilized with most land being used to cultivate rice, which is stimulating demand for rice reaper harvesters and harvester paddy cutting machines in the country. The growing adoption of vertical farming techniques in the country is also pushing demand for smart agricultural equipment and uplifting demand for advanced combine harvesters, which are specially designed for the aforementioned type of farming.

Category-wise Insights

The market for combine harvesters is categorized into small and large sizes by cutting width, of which the latter is estimated to capture a market share of 63.5% in 2024. By type of movement, the market is segmented into wheel and crawler, of which wheel type is estimated to hold 68.7% market share in 2024. Based on the mechanism, the combine harvesters market is segmented into hydraulic and hybrid. Hydraulic combine harvesters offer high power density from a small volume and this is a prime advantage that is slated to increase demand for hydraulic mechanisms in the global marketplace over the next ten years.

Why Large Sizes Cutting Width Combine Harvesters are Mostly Used?

“Use of Complex Threshing and Separation Methods Helping in Decreased Losses”

Attribute	Large Size Cutting Width
Segment Value (2024E)	US$ 5.62 Billion
Growth Rate (2024 to 2034)	3.9% CAGR
Projected Value (2034F)	US$ 8.27 Billion

Large-sized combine harvesters are made to handle enormous amounts of grain. Depending on the crops and circumstances, they harvest hundreds of acres in a single day. The wide headers on these machines are as long as thirty to forty-five feet. The front portion of the combine, known as the header, is where the crop cutting and feeding occurs. Larger swaths are collected in a single pass due to wider headers.

To increase grain separation efficiency and reduce losses, modern large combines use sophisticated threshing and separation systems, such as axial-flow or rotary threshing. To meet the demands of large-scale harvesting and to power their parts, equipment is outfitted with strong engines, frequently surpassing 500 horsepower.

Why are Wheel Type Combine Harvesters Demanded More?

“Widespread Use of Harvesters in Several Settings”

Attribute	Wheel Type Combine Harvester
Market Value (2024E)	US$ 6.08 Billion
Growth Rate (2024 to 2034)	3.9% CAGR
Projected Value (2034F)	US$ 8.93 Billion

Wheel-type combine harvesters are analyzed to capture a market share of 68.7% in 2024. They work well in a range of environments, including fields that are level or slightly hilly. In contrast to track-type combines, which are finding it difficult to maneuver on uneven terrain, they handle them very well.

Farmers move between non-contiguous fields more easily using these machines because of their superior maneuverability and relatively lower ground pressure making them easier to transport on public routes. When opposed to their tracked counterparts, wheel-type combines are typically less expensive to purchase. They become a more appealing choice among several farmers, especially those who are on a tight budget.

Competitive Landscape

Key players in the combine harvester market are focusing on integrating advanced technologies for bringing improvements in machine productivity and offering more effective harvesting solutions to farmers.

• John Deere is a prominent manufacturer based in America and offering agricultural machinery. In January 2023, it announced offering HarvestLab 3000 Grain Sensing for its S700 series, combining harvesters from 2018 or recent ones. This equipment enables constant monitoring of oil, starch, and protein values in wheat, canola, and barley as combines harvest grains. This will help farmers log harvest information for optimizing farming techniques.
• In August 2023, Mahindra & Mahindra Ltd. (M&M Ltd.) introduced a new wheel harvester to the home market under the Swaraj brand. The Swaraj 8200 Wheel Harvester maximizes profit and harvests the most acreage in a year while maintaining the highest grain quality possible.
• In November 2022, Mahindra & Mahindra Farm Equipment Sector (FES), a division of the Mahindra Group, inaugurated a new facility of its first specialized farm machinery unit (non-tractor) in Pithampur, Madhya Pradesh which occupies 23 acres and produce 1,200 harvesters annually.
• In June 2022, Under the YSR Yantra Seva Pathakam Scheme, the Andhra Pradesh government announced the start of the massive state-level distribution of equipment, including combine harvesters.

Fact.MR provides detailed information about the price points of key players in the combine harvester market positioned across the world, sales growth, production capacity, and speculative technological expansion, in this updated published market report.

Segmentation of Combine Harvester Market Research

• By Cutting Width :

  • Small Size
  • Large Size

• By Type of Movement :

  • Wheel Type
  • Crawler Type

• By Power :

  • Below 150 HP
  • 150 to 300 HP
  • 301 to 450 HP
  • 451 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
  • Western Europe
  • Eastern Europe
  • East Asia
  • South Asia & Pacific
  • MEA