A combine harvester, also known as a combine, is a versatile agricultural machine designed to efficiently harvest a variety of grain crops. It combines several distinct operations into a single process, including reaping, threshing and winnowing, which are traditionally carried out separately.
The combine harvester market consists of sales, by entities (organizations, sole traders and partnerships), of combine harvester machines that are used for harvesting grains.
The global combine harvester market was valued at $42,680.4 million in 2018 which grew till 2023 at a compound annual growth rate (CAGR) of more than 5.0%.
Rising Labor Costs And Shortage Of Skilled Agricultural Workers
Rising labor costs and a shortage of skilled agricultural workers fueled the growth of the combine harvester market during the historic period. Farmers looked for technological alternatives to lessen their reliance on human labor as labor became increasingly expensive and scarce. Farmers were able to harvest crops more rapidly and with fewer personnel because of the efficient alternative provided by combine harvesters. For example, according to the United States Department of Agriculture, salaries increased by more than 6% in 2022 compared to 2021 for five of the six nonsupervisory jobs (without accounting for inflation). The mean hourly compensation for employed farm managers increased by 7.9% to $27.57 in 2022. Supervisors made $24.08 per hour on average, a 7.5% increase. Additionally, in August 2021, according to a report published by the Environment, Food and Rural Affairs Committee, a UK-based select committee of the House of Commons in Parliament, there were an estimated 500,000 vacancies out of 4.1 million positions in the food and farming sector in the UK. Therefore, rising labor costs and a shortage of skilled agricultural workers drove the growth of the combine harvester market.
New Products To Meet The Evolving Needs Of Farmers And Agricultural Operations
Companies in the combine harvester market are focusing on introducing new products to meet the evolving needs of farmers and agricultural operations. These new products typically aim to enhance efficiency, improve performance and address specific challenges faced by farmers. For instance, in February 2024, Case IH, a US-based agricultural machinery manufacturing company, launched the AF11 combine, an industry-leading powerhouse purposefully redesigned from the ground up to maximize time in the field. The AF11 combines speed and technology to enhance in-field productivity in its 775-hp (horsepower) machine. Featuring Case IH's inaugural dual rotor, the AFXL2 and an active, dynamic cleaning system, it achieves industry-leading capacity. Furthermore, in February 2022, Erisha Agritech Private Limited, an India-based agricultural machinery manufacturing company, introduced its Darsh Palesse GS4 Multi-crop Combine Harvester in India, offering optimal performance, productivity and serviceability at a competitive price. Designed for harvesting various grain crops like wheat, paddy, soybean, sunflower and mustard, it features a heavy-duty double reel, a wide straw walker, an extra-capacity diesel tank, high grain cleanliness, power steering and easy maintenance. With a heavy-duty chassis, disk brake and high maneuverability, it excels in wet and soft fields.
The global combine harvester market is highly concentrated, with a few large players operating in the market. The top ten competitors in the market made up 51.7% of the total market in 2022.
Combine Harvester Global Market Opportunities And Strategies To 2033 from The Business Research Company provides the strategists; marketers and senior management with the critical information they need to assess the global combine harvester market as it emerges from the COVID-19 shut down.
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Where is the largest and fastest-growing market for combine harvester? How does the market relate to the overall economy; demography and other similar markets? What forces will shape the market going forward? The combine harvester 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 history and forecasts market growth by geography. It places the market within the context of the wider combine harvester market; and compares it with other markets.
The report covers the following chapters
- Introduction and Market Characteristics- Brief introduction to the segmentations covered in the market, definitions and explanations about the segment by type, by movement, by cutting width, by power type and by application.
- Key Trends- Highlights the major trends shaping the global market. This section also highlights likely future developments in the market.
- Macro-Economic Scenario- The report provides an analysis of the impact of the COVID-19 pandemic, impact of the Russia-Ukraine war and impact of rising inflation on global and regional markets, providing strategic insights for businesses in the combine harvester market.
- Global Market Size And Growth- Global historic (2018-2023) and forecast (2023-2028, 2033F) market values and drivers and restraints that support and control the growth of the market in the historic and forecast periods.
- Regional And Country Analysis- Historic (2018-2023) and forecast (2023-2028, 2033F) market values and growth and market share comparison by region and country.
- Market Segmentation- Contains the market values (2018-2023) (2023-2028, 2033F) and analysis for each segment by type, by movement, by cutting width, by power type and by application in the market. Historic (2018-2023) and forecast (2023-2028) and (2028-2033) market values and growth and market share comparison by region market.
- Regional Market Size and Growth- Regional market size (2023), historic (2018-2023) and forecast (2023-2028, 2033F) market values and growth and market share comparison of countries within the region. This report includes information on all the regions Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa and major countries within each region.
- Competitive Landscape- Details on the competitive landscape of the market, estimated market shares and company profiles of the leading players.
- Other Major And Innovative Companies Details on the company profiles of other major and innovative companies in the market.
- Competitive Benchmarking- Briefs on the financials comparison between major players in the market.
- Competitive Dashboard- Briefs on competitive dashboard of major players.
- Key Mergers and Acquisitions- Information on recent mergers and acquisitions in the market is covered in the report. This section gives key financial details of mergers and acquisitions which have shaped the market in recent years.
- Market Opportunities And Strategies- Describes market opportunities and strategies based on findings of the research, with information on growth opportunities across countries, segments and strategies to be followed in those markets.
- Conclusions And Recommendations- This section includes recommendations for combine harvester providers in terms of product/service offerings geographic expansion, marketing strategies and target groups.
- Appendix- This section includes details on the NAICS codes covered, abbreviations and currencies codes used in this report.
Markets Covered:
- 1) By Type: Tractor Pulled; PTO Powered Combine Harvester; Self-Propelled Combine Harvester
- 2) By Power Type: Below 150 HP; 150-300 HP; 300-450 HP; 450-550 HP; Above 550 HP
- 3) By Application: Wheat Harvesting; Rice Harvesting; Soybeans Harvesting; Other Applications
- 4) By Cutting Width: Small Size Combine Harvester; Large Size Combine Harvester
- 5) By Movement: Wheel Type Combine Harvester; Crawler Type Combine Harvester
- Companies Mentioned: Deere & Company; CNH Industrial; Kubota Corporation; AGCO Corporation; Yanmar Co. Ltd.
- Countries: China; Australia; India; Indonesia; Japan; South Korea; USA; Canada; Brazil; France; Germany; Italy; Spain; UK; Russia
- 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; combine harvester indicators comparison.
- 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.