Combine Harvesters Market Projected to Discern Stable Expansion During 2017 2026

Posted by Arslan on January 23rd, 2020

Combine harvesters are gaining popularity in agricultural industry owing to their capability to integrate processes like reaping, winnowing and threshing. Farmers are upgrading their agricultural machinery and tools to suffice the growth in demand. Crop’s short harvest phase is eyed as a vital factor in growing the demand for Combine Harvesters Market. Harvesting in agriculture is time bound and weather dependent. This dependency creates space for equipment that are large and powerful like combine harvester. Combine harvesters are employed to enhance the productivity and to increase efficiency in shorter time interval.

Mechanization practices in agriculture are employed across the globe to attain advantages like enhanced fields operations, reduced farm drudgery, minimal harvest losses, cut down in production cost and increased productivity. Government across the globe are introducing policies in favor of agriculture mechanization which generates opportunities for combine harvesters.

North America dominates global market

Latest Fact.MR report predicts the global harvesters market to grow at 2.9% CAGR in the coming years. The sale figure of these combine harvesters is expected to cross 181,000 units by end of the year 2026.

North America is forecasted to dominate the global market. Factors like labor scarcity, high labor cost and need if new machinery are the major factors that drive the global market. Combine harvesters are being purchased by the farmers in order to enhance various features like fuel efficiency with new and advanced technologies. Combine harvesters of power 300-450 HP are projected to dominate the global market in the coming years. 300-450 combine harvesters are demanded for their features like improved operational efficiency and better maneuverability in agricultural lands.

Global market for combine harvesters can be segmented on the basis of power type into below 150 HP, 150-300 HP, 300-450 HP, 450-550 HP and above 550 HP.

Enhanced load capacity attracts customers

Combine harvesters are known to have enhanced performance capacity with help of hydraulic control systems. These harvesters offer greater load capacity along with precision that is achieved with help of electronic integration of systems that are semi or fully automated. Farmers prefer hydraulic combine harvesters which increases its sale. Its sale is expected generate revenue more than US$ 10,000 Mn by the end of year 2026. 250-350 BU size of grain tank is projected to lead market in terms of revenue. Other prominent tank size is 350 BU.

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Competitive landscape of global combine harvesters market is highly fragmented. Stake holders are continuous improving their techniques of production and are innovating to enhance efficiency of their products. Novel strategies that act in favor of installation of production plants are being adopted by market vendors to gain competitive edge. Established players are acquiring smaller players to progress towards technological advancements increase their production capacity and improve their product portfolio. Vendors are actively adapting to intense competition in market and fast technological advancements.

Major stake holders in global combine harvesters market are Caterpillar, Tractors and Farm Equipment Limited, AGCO Corporation, New Holland, Mahindra and Mahindra, Yanmar America Corporation and MASSEY FERGUSO.