Combines Global Market Report 2024

Description

“Combines Global Market Report 2024 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on combines market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

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Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
Understand how the market has been affected by the COVID-19 and how it is responding as the impact of the virus abates.
Assess the Russia - Ukraine war's impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
Measure the impact of high global inflation on market growth.
Create regional and country strategies on the basis of local data and analysis.
Identify growth segments for investment.
Outperform competitors using forecast data and the drivers and trends shaping the market.
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Where is the largest and fastest growing market for combines? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The combines market global report ” from The Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

Scope

Markets Covered:

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
Companies Mentioned: Deere & Company; Kubota Corporation; AGCO Corporation; Claas KGaA GmbH; Yanmar America Corporation
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery format: PDF, Word and Excel Data Dashboard.

Executive Summary

Combines refer to the equipment used in the manufacturing of combine harvesters, which are versatile machines designed for the efficient harvesting of various grain crops. The focus here is on goods and services that are traded between entities or sold to end consumers.

The primary product types of combines include self-propelled, tractor-pulled, and PTO-powered combines. Self-propelled combines have their own means of propulsion and come in various movement types, such as crawler-type and wheel-type. These combines are categorized by their power capacity, which can be below 150 HP, 150-300 HP, 300-450 HP, 450-550 HP, and above 550 HP.

The combined market research report is one of a series of new reports from The Business Research Company that provides combines market statistics, including combining industry global market size, regional shares, competitors with a combines market share, detailed combines market segments, market trends, and opportunities, and any further data you may need to thrive in the combines industry. This combines market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The combines market size has grown strongly in recent years. It will grow from $25.98 billion in 2023 to $27.8 billion in 2024 at a compound annual growth rate (CAGR) of 7.0%. The growth observed during the historical period can be attributed to factors such as the increased adoption of agricultural mechanization, crop diversification, farm consolidation, technological advancements in combine harvester manufacturing, and improvements in crop yields.

The combines market size is expected to see strong growth in the next few years. It will grow to $34.56 billion in 2028 at a compound annual growth rate (CAGR) of 5.6%. The anticipated growth in the forecast period can be attributed to factors such as the emphasis on sustainable agriculture, the need for climate change resilience in farming practices, the adoption of precision agriculture techniques, and the integration of digital agriculture. Key trends expected in the forecast period encompass increased mechanization and automation in combine harvester manufacturing, the continued development of precision agriculture methods, the integration of data management for enhanced decision-making, and a strong focus on environmental sustainability in agriculture.

The transition from manual labor on farms to the mechanization of agricultural processes has significantly contributed to the growth of the combines market. Combines are farm machinery designed to cut and thresh grains, reducing the need for manual labor. In many developed countries worldwide, farm activities are increasingly reliant on the use of such machinery. For instance, in September 2022, an article by Gilbert Ayine Akolgo in Ghana revealed that the availability of tractor power had risen to 0.0588 kW/ha in 2020 and is projected to increase to 0.0752 kW/ha by 2025. This shift towards mechanization has proven to be more cost-effective, with mechanized processes being 21.3% to 53.8% cheaper than manual ones. As a result, the transition from manual labor to farm mechanization is a driving force behind the growth of the combines market in the forecast period.

The increasing demand for crop production is expected to be a key driver for the combines market in the coming years. Crop production is driven by the growing need to cultivate and harvest crops to meet the rising global food requirements. Combines are vital machines in crop production, playing a pivotal role in modern agriculture by efficiently harvesting and processing crops. This contributes to higher yields and improved farming practices. For instance, in December 2022, according to agricultural production statistics from the US-based government organization Food and Agriculture Organization (FAO), global production of primary crop commodities reached 9.5 billion metric tons in 2021, representing a 2% increase from 2020. This underscores the role of combines in meeting the increasing demand for crop production and, in turn, propelling the combines market.

The fluctuating raw material prices for manufacturing farm machinery, including combines, pose a limitation on the growth of the combines market. The price fluctuations in raw materials are influenced by cost-push and demand-pull factors. For example, steel is a crucial raw material in manufacturing various agricultural tools and farm machinery, and its cost is closely tied to the availability of iron ore and coking coal. Disruptions in the supply chain, such as those caused by the COVID-19 pandemic, have led to iron ore shortages, resulting in price increases. Many steel companies in India, for instance, raised their prices for the third time since the start of the pandemic. These price fluctuations in raw materials can impact the selling price of combines, thereby negatively affecting the combines market during the forecast period.

An emerging trend in the combines market is the integration of telematics into farm machinery, signifying technological advancements in the field of agriculture. Telematics is a data transfer system that collects and records work data, tracks, and yield data from connected combine harvesters, tractors, and other agricultural equipment. The collected data can be accessed and evaluated in real-time or retrospectively, either through a dedicated website or exported to common farm management software. For example, companies like CLAAS offer telematics solutions that optimize work processes in real-time, enable yield mapping, and monitor machine performance, all with the aim of enhancing overall machine efficiency.

Leading companies operating in the combines market are actively engaged in the development of innovative products, such as self-propelled combine harvesters, to maximize agricultural yields. Self-propelled combine harvesters are specialized agricultural machines equipped with multiple functions for crop harvesting. They feature their own built-in engine and propulsion system, allowing them to autonomously navigate fields. For example, in October 2021, Swaraj Tractors, an India-based tractor company, introduced the Gen2 8100 EX Self-Propelled Combine Harvester. This harvester, with a power output of 101 HP, offers good ground clearance and a tight turning radius. It includes five straw walkers and a substantial sieve area of 4.72 square meters, minimizing grain loss. Additionally, the harvester features a capacious grain tank with a 2140-liter capacity. Such innovative products are geared toward enhancing agricultural productivity and will likely contribute to the growth of 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

The 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

The countries covered in the combines market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada

The combines (i.e., harvester-thresher) market consists of sales of axial combines, transverse combine and hybrid combines. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Product Code: r9085

1. Executive Summary

2. Combines Market Characteristics

3. Combines Market Trends And Strategies

4. Combines Market - Macro Economic Scenario

4.1. Impact Of High Inflation On The Market
4.2. Ukraine-Russia War Impact On The Market
4.3. COVID-19 Impact On The Market

5. Global Combines Market Size and Growth

5.1. Global Combines Market Drivers and Restraints
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints Of The Market
5.2. Global Combines Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)
5.3. Global Combines Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

6. Combines Market Segmentation

6.1. Global Combines Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Self-Propelled
Tractor-Pulled
Power Take-Off (PTO) Powered
6.2. Global Combines Market, Segmentation By Type Of Movement, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Crawler Type
Wheel Type
6.3. Global Combines Market, Segmentation By Power, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Below 150 HP
150-300 HP
300-450 HP
450-550 HP
Above 550 HP

7. Combines Market Regional And Country Analysis

7.1. Global Combines Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
7.2. Global Combines Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8. Asia-Pacific Combines Market

8.1. Asia-Pacific Combines Market Overview
Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Combines Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.3. Asia-Pacific Combines Market, Segmentation By Type Of Movement, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.4. Asia-Pacific Combines Market, Segmentation By Power, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

9. China Combines Market

9.1. China Combines Market Overview
9.2. China Combines Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.3. China Combines Market, Segmentation By Type Of Movement, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.4. China Combines Market, Segmentation By Power, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

10. India Combines Market

10.1. India Combines Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.2. India Combines Market, Segmentation By Type Of Movement, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.3. India Combines Market, Segmentation By Power, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11. Japan Combines Market

11.1. Japan Combines Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.2. Japan Combines Market, Segmentation By Type Of Movement, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.3. Japan Combines Market, Segmentation By Power, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12. Australia Combines Market

12.1. Australia Combines Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.2. Australia Combines Market, Segmentation By Type Of Movement, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.3. Australia Combines Market, Segmentation By Power, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13. Indonesia Combines Market

13.1. Indonesia Combines Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.2. Indonesia Combines Market, Segmentation By Type Of Movement, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.3. Indonesia Combines Market, Segmentation By Power, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14. South Korea Combines Market

14.1. South Korea Combines Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.2. South Korea Combines Market, Segmentation By Type Of Movement, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.3. South Korea Combines Market, Segmentation By Power, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15. Western Europe Combines Market

15.1. Western Europe Combines Market Overview
15.2. Western Europe Combines Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.3. Western Europe Combines Market, Segmentation By Type Of Movement, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.4. Western Europe Combines Market, Segmentation By Power, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16. UK Combines Market

16.1. UK Combines Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.2. UK Combines Market, Segmentation By Type Of Movement, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.3. UK Combines Market, Segmentation By Power, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17. Germany Combines Market

17.1. Germany Combines Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.2. Germany Combines Market, Segmentation By Type Of Movement, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.3. Germany Combines Market, Segmentation By Power, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18. France Combines Market

18.5. France Combines Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.6. France Combines Market, Segmentation By Type Of Movement, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.7. France Combines Market, Segmentation By Power, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19. Italy Combines Market

19.9. Italy Combines Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.10. Italy Combines Market, Segmentation By Type Of Movement, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.11. Italy Combines Market, Segmentation By Power, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20. Spain Combines Market

20.13. Spain Combines Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.14. Spain Combines Market, Segmentation By Type Of Movement, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.15. Spain Combines Market, Segmentation By Power, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21. Eastern Europe Combines Market

21.1. Eastern Europe Combines Market Overview
21.2. Eastern Europe Combines Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.3. Eastern Europe Combines Market, Segmentation By Type Of Movement, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.4. Eastern Europe Combines Market, Segmentation By Power, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22. Russia Combines Market

22.1. Russia Combines Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.2. Russia Combines Market, Segmentation By Type Of Movement, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.3. Russia Combines Market, Segmentation By Power, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23. North America Combines Market

23.1. North America Combines Market Overview
23.2. North America Combines Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.3. North America Combines Market, Segmentation By Type Of Movement, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.4. North America Combines Market, Segmentation By Power, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24. USA Combines Market

24.1. USA Combines Market Overview
24.2. USA Combines Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.3. USA Combines Market, Segmentation By Type Of Movement, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.4. USA Combines Market, Segmentation By Power, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25. Canada Combines Market

25.1. Canada Combines Market Overview
25.2. Canada Combines Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.3. Canada Combines Market, Segmentation By Type Of Movement, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.4. Canada Combines Market, Segmentation By Power, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26. South America Combines Market

26.1. South America Combines Market Overview
26.2. South America Combines Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.3. South America Combines Market, Segmentation By Type Of Movement, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.4. South America Combines Market, Segmentation By Power, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27. Brazil Combines Market

27.1. Brazil Combines Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.2. Brazil Combines Market, Segmentation By Type Of Movement, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.3. Brazil Combines Market, Segmentation By Power, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28. Middle East Combines Market

28.1. Middle East Combines Market Overview
28.2. Middle East Combines Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.3. Middle East Combines Market, Segmentation By Type Of Movement, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.4. Middle East Combines Market, Segmentation By Power, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29. Africa Combines Market

29.1. Africa Combines Market Overview
29.2. Africa Combines Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.3. Africa Combines Market, Segmentation By Type Of Movement, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.4. Africa Combines Market, Segmentation By Power, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

30. Combines Market Competitive Landscape And Company Profiles

30.1. Combines Market Competitive Landscape
30.2. Combines Market Company Profiles
- 30.2.1. Deere & Company
  - 30.2.1.1. Overview
  - 30.2.1.2. Products and Services
  - 30.2.1.3. Strategy
  - 30.2.1.4. Financial Performance
- 30.2.2. Kubota Corporation
  - 30.2.2.1. Overview
  - 30.2.2.2. Products and Services
  - 30.2.2.3. Strategy
  - 30.2.2.4. Financial Performance
- 30.2.3. AGCO Corporation
  - 30.2.3.1. Overview
  - 30.2.3.2. Products and Services
  - 30.2.3.3. Strategy
  - 30.2.3.4. Financial Performance
- 30.2.4. Claas KGaA GmbH
  - 30.2.4.1. Overview
  - 30.2.4.2. Products and Services
  - 30.2.4.3. Strategy
  - 30.2.4.4. Financial Performance
- 30.2.5. Yanmar America Corporation
  - 30.2.5.1. Overview
  - 30.2.5.2. Products and Services
  - 30.2.5.3. Strategy
  - 30.2.5.4. Financial Performance

31. Global Combines Market Competitive Benchmarking

32. Global Combines Market Competitive Dashboard

33. Key Mergers And Acquisitions In The Combines Market

34. Combines Market Future Outlook and Potential Analysis

34.1 Combines Market In 2028 - Countries Offering Most New Opportunities
34.2 Combines Market In 2028 - Segments Offering Most New Opportunities
34.3 Combines Market In 2028 - Growth Strategies
34.3.1 Market Trend Based Strategies
34.3.2 Competitor Strategies

35. Appendix

35.1. Abbreviations
35.2. Currencies
35.3. Historic And Forecast Inflation Rates
35.4. Research Inquiries
35.5. The Business Research Company
35.6. Copyright And Disclaimer