Combine Harvester Market Analysis Europe, North America, APAC, South America, Middle East and Africa - US, Germany, China, France, Canada, UK, Japan, India, Brazil, UAE - Size and Forecast 2025-2029

Combine Harvester Market Size 2025-2029

The combine harvester market size is forecast to increase by USD 25.22 billion at a CAGR of 9.7% between 2024 and 2029.

• The market is experiencing significant growth due to several key factors. One of the primary drivers is the farm labor shortage in the agriculture sector, leading farmers to invest in automated and efficient harvesting solutions. The integration of advanced technologies, such as artificial intelligence, geographic information systems, drones, and remote sensing, into agriculture is driving market growth. Another trend shaping the market is the integration of advanced technology in combine harvesters, such as GPS and autonomous steering, which enhance productivity and reduce operational costs. However, the market is also faced with challenges, including the volatility in raw material prices of combine harvesters, which can impact the affordability of these machines for farmers. Overall, the market is expected to witness steady growth in the coming years as farmers seek to optimize their operations and increase yields in an increasingly competitive agricultural landscape.

What will be the Size of the Combine Harvester Market During the Forecast Period?

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• The market encompasses machinery utilized for the combined operations of reaping, threshing, winnowing, and cleaning cereals, grains, vegetables, and fruits during agricultural production. This market experiences significant growth due to increasing global population demands for food products, automation trends in farming, and the need to reduce labor requirements.

• Advanced technology integration, such as GPS and yield monitoring, enhances efficiency and productivity. The market's expansion is further driven by the versatility of combine harvesters to process various crops, including cereals, grains, and vegetables. Track combine harvesters enable real-time monitoring and optimization of farming operations, contributing to the market's continuous growth.

How is this Combine Harvester Industry segmented and which is the largest segment?

The combine harvester industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million" for 2025-2029, as well as historical data from 2019-2023 for the following segments.

• Product
  • Self-propelled
  • Tractor-pulled
  • Power take off (PTO)-powered combine harvesters
• Type
  • Wheel type
  • Crawler type
• Geography
  • Europe
    • Germany
    • UK
    • France
  • North America
    • Canada
    • US
  • APAC
    • China
    • India
    • Japan
  • South America
    • Brazil
  • Middle East and Africa

By Product Insights

• The self-propelled segment is estimated to witness significant growth during the forecast period.

The self-propelled segment of the market is projected to lead the market growth due to its superior features and advantages over traditional tractor-pulled and other types of harvesters. Self-propelled combine harvesters are equipped with larger diesel tanks and offer increased grain capacity, minimal grain breakage, higher grain cleanliness, and superior maneuverability in fields with challenging soil conditions. Their diesel engines serve dual functions as both a propulsion system and a harvester.

Furthermore, ideal for harvesting crops such as wheat, paddy, soybean, mustard, and sunflower, these harvesters are increasingly preferred by farmers and governments worldwide for enhancing food safety and yield through timely harvesting. The self-propelled market is expected to expand significantly during the forecast period.

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The self-propelled segment was valued at USD 20.66 billion in 2019 and showed a gradual increase during the forecast period.

Regional Analysis

• Europe is estimated to contribute 31% to the growth of the global market during the forecast period.

Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

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The European market is experiencing growth due to the shrinking agricultural workforce and government initiatives promoting agricultural mechanization. With labor shortages becoming a significant challenge, farmers in major European countries such as the UK, Germany, Spain, France, and Italy are increasingly adopting combine harvesters to minimize their reliance on manual labor. Efficient forage handling is crucial for producing high-quality silage, and combine harvesters facilitate this by minimizing harvesting losses. The EU's agricultural workforce continues to decline, making mechanization of agricultural activities, including forage handling, essential. As a result, farmers are investing in newer models of combine harvesters to streamline their operations and improve productivity.

Market Dynamics

Our combine harvester market researchers analyzed the data with 2024 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

What are the key market drivers leading to the rise in the adoption of Combine Harvester Industry?

The farm labor shortage in the agriculture sector is the key driver of the market.

• In the agriculture industry, the labor shortage is a significant challenge for farmers in countries like the US and the UK. This issue is leading to an increased demand for farm machinery, including combine harvesters, to automate tasks such as combine harvest, threshing, reaping, and winnowing. In the US, California, which is a major food producer, accounting for over 12% of the country's agricultural exports in 2021, is experiencing a severe labor shortage, according to the California Farm Bureau Federation. As a result, farmers in this region are turning to modernization through machinery like combined harvesters to enhance efficiency and profitability.

• The machinery market encompasses hydraulic agricultural machinery, hybrid combined harvesters, and tractors, among others, powered by diesel engines and horsepower. The adoption of technology in farming, such as automation, is also contributing to the growth of the agriculture machinery market. The production of cereals, grains, vegetables, fruits, and food products relies heavily on the availability of labor. The population's increasing demand for these food items necessitates the need for efficient and cost-effective farming methods, making combine harvesters an attractive investment for farmers. Despite the initial high cost of farm equipment, the long-term benefits, including labor cost savings, make it a worthwhile investment.

What are the market trends shaping the Combine Harvester Industry?

Integration of advanced technology in combine harvesters is the upcoming market trend.

• The global market for combine harvesters is experiencing significant growth due to the increasing demand for agricultural products as a result of population expansion and rising rural and urban income levels. These technologies enable real-time monitoring of crop conditions, allowing farmers to optimize harvesting parameters for maximum efficiency.

• Additionally, the emergence of autonomous combine harvesters is revolutionizing farming operations, addressing labor shortages, and reducing farm labor costs. The adoption of hydraulic agricultural machinery, hybrid combined harvesters, and high-horsepower diesel engines is further increasing the efficiency of crop harvesting. The market for combine harvesters is expected to continue growing, as farmers seek to improve profitability and meet the demands for cereals, grains, vegetables, fruits, and food products.

What challenges does the Combine Harvester Industry face during its growth?

Volatility in raw material prices of combine harvesters is a key challenge affecting the industry growth.

• Combine harvesters, a crucial component of modern agriculture, facilitate the process of combine harvest, threshing, reaping, and winnowing of cereals and grains. This machinery is essential for farmers to increase profitability in their farming operations. The agriculture industry's reliance on combine harvesters has led to a significant modernization of farming equipment, with automation and technology playing pivotal roles. However, the costs of farm labor and the labor shortage have become major concerns for farmers. Hydraulic agricultural machinery, such as combine harvesters, are powered by diesel engines and require substantial horsepower for optimal efficiency. The price volatility of raw materials, including steel and iron, used in the manufacturing of these machines, significantly impacts the profitability of companies.

• For instance, the fluctuating steel prices since 2016 have affected the financial returns of manufacturers. China, the world's leading steel manufacturer in 2023, has implemented stringent anti-pollution rules, leading to a decrease in steel production volume and a decline in global steel prices. The agriculture sector's reliance on combine harvesters extends to the production of various food products, including vegetables, fruits, and cereals. As the global population continues to grow, the demand for food products is increasing, leading to an increased need for efficient and cost-effective farming solutions. Despite the challenges, the market is expected to grow due to the need for labor-saving technologies and the potential for increased productivity and profitability for farmers.

Exclusive Customer Landscape

The combine harvester market forecasting report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the combine harvester market report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.

Customer Landscape

Key Companies & Market Insights

Companies are implementing various strategies, such as strategic alliances, combine harvester market forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the industry.

AGCO Corp.: The company offers combine harvesters such as AGCO combine harvesters. It involves harvesting with cutting edge threshing, separating, and cleaning tools.

The industry research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:

• Action Construction Equipment Ltd.
• AGCO Corp.
• Arnold Jager Holding GmbH
• Ashok Leyland Ltd.
• Balkar Combines
• China National Machinery Industry Corp. Ltd.
• CLAAS KGaA mBH
• CNH Industrial NV
• DASMESH Mechanical Works Pvt. Ltd.
• Deere and Co.
• Hubei Fotma Machinery Co. Ltd.
• Kartar Agro Industries Pvt Ltd.
• Kubota Corp.
• Mahindra and Mahindra Ltd.
• MANKU Agro Tech Pvt. Ltd.
• PREET Group
• RANAGROUP
• Shrachi Group
• Sonalika International Tractors Ltd.
• Yanmar Holdings Co. Ltd.

Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key industry players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

Research Analyst Overview

The agriculture sector plays a pivotal role in feeding the ever-growing global population, with cereals and grains being a significant contributors to food production. The process of combine harvesting, which involves the reaping, threshing, and winnowing of crops in a single operation, is a critical aspect of modern farming. This process has seen significant advancements in machinery and technology, leading to increased efficiency and profitability for farmers. The market for combine harvesters is driven by several factors. The automation of farming processes, including combine harvesting, is a key trend in the agriculture industry.

Moreover, farmers are increasingly adopting hydraulic agricultural machinery, such as hybrid combined harvesters, to streamline their operations and reduce labor requirements. The efficiency of combine harvesters is a significant factor in their market appeal. The use of advanced technology, such as diesel engines with high horsepower, enables farmers to harvest larger areas in less time. This not only increases productivity but also reduces the overall cost of farming. However, the market for combine harvesters is not without challenges. The labor shortage in the agriculture sector has led to an increase in farm labor costs. As a result, farmers are turning to automation to reduce their reliance on manual labor.

Additionally, subsidies and government policies play a role in the profitability of farming and, consequently, the demand for combine harvesters. The market for combine harvesters is not limited to cereals and grains. Vegetables, fruits, and other food products also require efficient harvesting methods. The use of combine harvesters for these crops is becoming increasingly common, particularly in regions with large-scale farming operations. The population growth and the resulting demand for food products are expected to drive the market for combine harvesters. The ability of these machines to increase productivity and reduce labor costs makes them an attractive investment for farmers.

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What are the Key Data Covered in this Combine Harvester Market Research and Growth Report?

• CAGR of the Combine Harvester industry during the forecast period
• Detailed information on factors that will drive the Combine Harvester growth and forecasting between 2025 and 2029
• Precise estimation of the size of the market and its contribution of the industry in focus to the parent market
• Accurate predictions about upcoming growth and trends and changes in consumer behaviour
• Growth of the market across Europe, North America, APAC, South America, and Middle East and Africa
• Thorough analysis of the market's competitive landscape and detailed information about companies
• Comprehensive analysis of factors that will challenge the combine harvester market growth of industry companies

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