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The global combine harvesters market size was valued at USD 4238.7 million in 2021 and is anticipated to witness a compound annual growth rate (CAGR) of 3.7% from 2022 to 2030. The growth of the global population is a driving force behind the need for cereals, vegetables, and fruits. The rising need for food products is a major factor increasing the sales of combine harvesters. The combine harvesters market is also expected to benefit from government support, especially in developing nations. Moreover, technological advancements in the field of agriculture are expected to further boost growth of the combine harvesters market in the near future.

Global Combine Harvesters Market: Regional Insights

Regionally, North America holds a significant share of the global combine harvesters market. This is primarily due to the erratic climate conditions and a shortage of labor. The United States has seen a rise in sales of combines in recent years. The United States combine harvesters market was valued at USD 901.7 million in 2019 and it is anticipated to reach USD1, 063.4 million by 2025, registering a CAGR of 3.2% during the forecast period.

Moreover, Europe is anticipated to witness substantial growth over the forecast period. The region is estimated to account for the second largest share in the global combined harvesters market in terms of revenue. The region is expected to experience notable growth because of the increasing demand for cereals, wheat, and other crops.

Asia Pacific is another major market for combine harvesters. The region is witnessing rapid growth because of the increased demand for food products due to increasing population. Besides, the increasing popularity of telematics in agricultural mechanization is expected to fuel the regional combine harvesters market growth. Moreover, the increased adoption of technology is another driver factor for the Asia Pacific combine harvesters market.

Figure 1. Global Combine Harvesters Market Value Share (%), By Region, 2021

Combine Harvesters  | Coherent Market Insights

Global Combine Harvesters Market Drivers:

Growing farm mechanization rates in developing countries is driving growth of the market. According to China Rural Statistics, the number of combine harvesters being sold across the country was 1,902 units in 2016, which increased by 8.2% and reached 2,059 units in 2018.

Increasing farm labor cost is again expected to drive growth of the combine harvesters market. According to United States Department of Agriculture, the daily wages of non-supervisory farm workers increased from USD 12.0 to USD in 13.2, an increase of 10.4% in the period of four years (2014 – 2018). However, the daily wages of non-supervisory labor in other industries has just increased by 3.5% during the same period.

Global Combine Harvesters Market Opportunities:

Escalating demand for agricultural commodities, increasing awareness about better technology, and government support are projected to hold potential growth opportunities for the global market. Rapid economic growth and increasing demand for large and powerful combine harvesters are again driving the market growth. Moreover, rising fuel prices are further expected to boost expenditure on agricultural equipment.

The rise of government subsidies is boosting the market in India. Rising agricultural production is also expected to drive the market in this country. Besides, the country is likely to move toward autonomous farms. Moreover, the demand for combine harvesters has also increased in countries like Russia and China. All these factors is likely provide significant growth opportunities.

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Combine Harvesters Market Report Coverage

Report Coverage Details
Base Year: 2021 Market Size in 2021: US$ 4238.7 Mn
Historical Data for: 2017 to 2030 Forecast Period: 2022 to 2030
Forecast Period 2022 to 2030 CAGR: 3.7% 2030 Value Projection: US$ 5594.5 Mn
Geographies covered:
  • North America: U.S. and Canada
  • Latin America: Brazil, Argentina, Mexico, and Rest of Latin America
  • Europe: Germany, U.K., Spain, France, Italy, Russia, and Rest of Europe
  • Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific
  • Middle East: GCC Countries, Israel, and Rest of Middle East
  • Africa: South Africa, North Africa, and Central Africa
Segments covered:
  • By Type: Self-propelled, Tractor on Top Combine Harvesters, PTO-powered Combine
Companies covered:

Tractors and Farm Equipment Limited (TAFE), Claas KGaA mbH, Mahindra & Mahindra Ltd, Kubota Agricultural Machinery, Deere & Company, Yanmar Co. Ltd, Massey Ferguson (AGCO Corporation), Iseki & Co. Ltd, CNH Industries Nv, SDF, Renault Sonalika International, and PREET GROUP

Growth Drivers:
  • Growing farm mechanization rates in developing countries 
  • Increasing farm labor cost
Restraints & Challenges:
  • Fragmentation of land 
  • Volatile price of commodity

Global Combine Harvesters Market Trends:

The multi-crop combine harvesters is gaining popularity in the global market over the forecast period. The demand for crawler type combine harvesters is also expected to witness noteworthy growth over the forecast period. The demand for these combine harvesters is driven by their high efficiency in harvesting the crops.

The government is encouraging farmers to adopt innovative technology. The rise in population is also resulting in increased demand for food products across the world. The increase in the farming population will result in high demand for combine harvesters in the global market. The growing awareness about improved technology will also fuel the growth of the market.

Global Combine Harvesters Market Restraints:

Fragmentation of land holdings restrict the market growth.  Fragmentation of land holdings restrict the physical movement of combine harvesters. In regions, such as Middle East, Southeast Asia, and Africa, the practice of equal inheritance among farm household has led to fragmentation of farmland, leads to the low average farm acreage limiting the usage of combine harvesters.

Volatile price of commodity is expected to hamper the market growth. According to the United States Equipment Manufacturers Association, the sale of combine harvesters in United States decreased by 2%, from the beginning of 2020 to July 2020. This is majorly due to the historical low prices of corn and soybeans, which have affected the farm incomes. Thus, the commodity prices has a direct impact on the sales of combine harvester’s.       

Figure 2. Global Combine Harvesters Market Value Share (%), By Type, 2021

Combine Harvesters  | Coherent Market Insights

Global Combine Harvesters Market Segmentation:

The global combine harvesters market report is segmented into type and geography

Based on type, the market is segmented into self-propelled, tractor on top combine harvesters, and PTO-powered Combine. Out of which, self-propelled is expected to dominate the global market over the forecast period. As per the research studies, it has been observed that self- propelled combine harvesters have highest efficiency when it comes to the area harvested per hour. The global self-propelled combine harvesters market was valued at USD 2,569.1 million in 2019, and it is anticipated to reach USD 3,068.9 million by 2025, registering a CAGR of 3.5% during the forecast period.

Tractor on top combine harvesters segment is also expected to witness significant growth in the near future and this is owing to the fact that it offers multiple operations and these machines are also affordable, thus reducing dependency on manual labor. 

Global Combine Harvesters Market: Key Developments

In March 2020, CLAAS launched a new center at Memari, West Bengal, India, as a part of the expansion project.

In October 2020, CLAAS India launched the next generation of CROP TIGER TERRA TRAC. Moreover, CLAAS India recently celebrated the sales milestone of crossing 10,000 CROP TIGER harvesters.

In November 2020, CLAAS Group introduced DataConnect, which enables the exchange of essential machinery data between different platforms to allow users to view all of their mixed-brand fleet information within the single data platform of their choice

In September 2020, Mahindra& Mahindra has enhanced its shareholding in Sampo Rosenlew to 74.97%.

Global Combine Harvesters Market: Key Companies Insights

The global combine harvesters market is highly competitive. This is attributed to continuous launch of new technologies due to ongoing R &D and efforts by value chain participants. Moreover, key players are adopting various business growth strategies in order to expand their presence on regional as well as global basis. Some of the key players in the global combine harvesters market are Tractors and Farm Equipment Limited (TAFE), Claas KGaA mbH, Mahindra & Mahindra Ltd, Kubota Agricultural Machinery, Deere & Company, Yanmar Co. Ltd, Massey Ferguson (AGCO Corporation), Iseki & Co. Ltd, CNH Industries Nv, SDF, Renault Sonalika International, and PREET GROUP

*Definition: Combine harvesters are huge machines that are used to collect and process crops. These massive machines can do lever work with the flick of a switch and are now equipped with many features. These combines are capable of processing up to 200 acres a day. In addition, combines are now equipped with GPS and GIS technologies that enable farmers to create maps of their field. These technologies have made it possible to make yield maps of the most productive fields.

Combine harvesters are huge machines, with moving parts that are used to gather a variety of grains from the fields. The machines are usually equipped with tires that allow them to move even in the most adverse weather conditions. In addition, they can be unloaded while they are moving. The threshing process is one of the most important aspects of combine harvesters. The threshing drum of a combine is fitted with grooved steel bars that separate grains from the chaff. Grain that has been separated is moved into a grain tank and then into a trailer that is attached to the combine. The straw is blown from the back of the machine. It is often collected and tied into bundles. It can be chopped and used for bedding or limited feed for livestock.

Market Dynamics:

The major drivers for the combine harvesters market include erratic climate conditions, increasing demand for cereals, and the scarcity of labor. The rising need for improve farm productivity and the increasing awareness of better technology are other factors that are expected to propel the market growth.  Increasing population has led to an increased requirement for food products globally. This in turn has prompted the need for improved farm productivity. The rise in the global demand for agricultural commodities has driven the production of combine harvesters in the recent past, thereby fueling the market growth. The adoption of combine harvesters by SMEs has also resulted in surge in demand for the machinery. The use of combine harvesters has also spurred the development of innovative technology in the farming sector. This is projected to hold lucrative market growth opportunities.

On the other hand, fluctuating price of commodity is expected to restrict the adoption of harvesters among farmers. This is expected to hinder the market growth over the forecast period.

Key features of the study:

  • This report provides in-depth analysis of the global combine harvesters market, and provides market size (US$ Million) and compound annual growth rate (CAGR%) for the forecast period (2022–2030), considering 2021 as the base year
  • It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends,  regional outlook, and competitive strategies adopted by key players
  • It profiles key players in the global combine harvesters market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
  • Key companies covered as a part of this study include Tractors and Farm Equipment Limited (TAFE), Claas KGaA mbH, Mahindra & Mahindra Ltd, Kubota Agricultural Machinery, Deere & Company, Yanmar Co. Ltd, Massey Ferguson (AGCO Corporation), Iseki & Co. Ltd, CNH Industries Nv, SDF, Renault Sonalika International, and PREET GROUP
  • Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
  • The global combine harvesters market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global combine harvesters market

Detailed Segmentation:

  • Global Combine Harvesters Market, By Type
    • Self-propelled
    • Tractor on Top Combine Harvesters
    • PTO-powered Combine
  • Global Combine Harvesters Market, By Geography
    • North America
    • Europe
    • Asia-Pacific
    • South America
    • Africa
  • Company Profiles
    • Tractors and Farm Equipment Limited (TAFE)
    • Claas KGaA mbH
    • Mahindra & Mahindra Ltd
    • Kubota Agricultural Machinery
    • Deere & Company
    • Yanmar Co. Ltd
    • Massey Ferguson (AGCO Corporation)
    • Iseki & Co. Ltd
    • CNH Industries Nv
    • SDF
    • Renault Sonalika International
    • PREET GROUP

Frequently Asked Questions

The global combine harvesters market size is estimated to be valued at US$ 4238.7 Million in 2021 and is expected to exhibit a CAGR of 3.7% between 2022 and 2030.
Growing farm mechanization rates in developing countries and increasing farm labor cost are fuelling the market.
The Self-propelled segment is the leading component segment in the market.
Fragmentation of land holdings and volatile price of commodity are the major factors restraining growth of the market.
Tractors and Farm Equipment Limited (TAFE), Claas KGaA mbH, Mahindra & Mahindra Ltd, Kubota Agricultural Machinery, Deere & Company, Yanmar Co. Ltd, Massey Ferguson (AGCO Corporation), Iseki & Co. Ltd, CNH Industries Nv, SDF, Renault Sonalika International, and PREET GROUP

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