Global Combine Harvester Markets, 2023-2024 & 2030 with Deere & Co, Kubota, Mahindra & Mahindra, and CLAAS Dominating the $64.94 Billion Industry


Dublin, May 20, 2024 (GLOBE NEWSWIRE) -- The "Global Combine Harvester Market" report has been added to ResearchAndMarkets.com's offering.

The global combine harvester market, valued at US$ 49.33 Bn in 2023, is projected to reach US$ 64.94 Bn by 2030, growing at a CAGR of 4.12%. In 2023, the market volume stood at 257,649 units, highlighting the significant demand for these agricultural machines.

The market is primarily driven by the increasing need for technologically advanced farm equipment and growing government support for agricultural mechanization. These factors contribute to enhanced efficiency and productivity in farming operations. However, the overall cost of manufacturing farm equipment and stringent government regulations pose challenges to the market's growth.

Self-propelled combine harvesters are expected to dominate the market, surpassing US$ 30 Bn in revenue by 2028. In terms of mechanism, hydraulic combines hold over 55% of the market share in 2023. The fastest-growing power segment is the 150-300 HP category, with a projected growth rate of over 4.9%. The Class 3-4 segment is anticipated to cross US$ 25,000 Mn in revenue by 2027, while wheat as a crop type constitutes nearly 40% of the market share in 2023.

Asia Pacific leads the market, accounting for over 85% of the market share in 2023, with revenues around US$ 43 Bn. This dominance is due to the significant agricultural activities and mechanization in countries like China and India. North America and Europe also contribute notably to the market, with the USA, Canada, Germany, and France being key contributors.

The market is characterized by the presence of key players like Deere & Company, Kubota Corporation, Mahindra & Mahindra Limited, and CLAAS KGaA mbH, collectively holding a market share of approximately 66%. These companies, along with others like YANMAR Co., Ltd. and SDF S.p.A., play a significant role in the market dynamics through their product offerings and technological advancements.

Key Attributes:

Report AttributeDetails
No. of Pages279
Forecast Period2023 - 2030
Estimated Market Value (USD) in 2023$49.33 Billion
Forecasted Market Value (USD) by 2030$64.94 Billion
Compound Annual Growth Rate4.1%

Report Insights:

  • The market is expected to reach US$ 64.94 Bn by 2030 with a CAGR of 4.12%.
  • Key drivers include the need for advanced farm equipment and governmental support.
  • Asia Pacific dominates the market, led by China and India.
  • Key players include Deere & Company, Kubota Corporation, and others.

Global Combine Harvester Market Overview

Industry Value Chain Analysis

  • Material Provider
  • Technology Integration
  • Distribution
  • End User

Industry Outlook

  • Overview of Combine Harvester Market
  • Technology Development
  • Factors affecting consumers for adoption of combine harvester
  • High Labor Cost in Agriculture as a percentage, 2018
  • Utilization of Agricultural Harvester Machineries
  • PESTLE Analysis
  • Porter's Five Forces Analysis

Market Dynamics and Trends

  • Growth Drivers
  • Restraints
  • Challenges
  • Key Trends

COVID-19 Impact Assessment on Market Growth Trend

Market Growth and Outlook

  • Market Revenue Estimates and Forecast (US$ Mn), 2017 - 2030
  • Market Volume Estimates and Forecast ('000 Units), 2017 - 2030
  • Price Trend Analysis, By Mechanism

Competition Dashboard

  • Market Concentration Rate
  • Company Market Share Analysis (Value %), 2020
  • Competitor Mapping

Company Profiles

  • Deere & Company
  • Kubota Corporation
  • Mahindra & Mahindra Limited
  • CLAAS KGaA mbH
  • KS Group
  • YANMAR Co., Ltd.
  • Preet Group
  • SDF S.p.A.
  • Hind Agro Industries
  • Tractors and Farm Equipment Limited
  • Kartar Agro Industries
  • Massey Ferguson
  • LOVOL
  • New Holland

Segment Overview:

By Type

  • Self-propelled
  • Tractor-pulled Combine
  • PTO-powered Combine

By Mechanism

  • Hydraulic
  • Hybrid

By Power

  • Below 150 HP
  • 150-300 HP
  • 300-450 HP
  • 450-550 HP
  • Above 550 HP

By Class

  • Class 1-2
  • Class 3-4
  • Class 5-6
  • Class 7

By Grain Tank Size

  • < 250 bu
  • 250-350 bu
  • > 350 bu

By Crop Type

  • Wheat
  • Rice
  • Corn
  • Others

For more information about this report visit https://www.researchandmarkets.com/r/6t5vpv

About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

Attachment

 
Global Combine Harvester Market

Coordonnées