Authored By: Sarah
24 Aug 2024

Combine Harvester Market Size to grow by USD 19131.78 million between 2024-2028

The Combine Harvester Market is segmented by Product (Self-propelled, Tractor-pulled, and Power take off (PTO)-powered combine harvesters), Type (Wheel type and Crawler type), and Geography (Europe, North America, APAC, South America, and Middle East and Africa). As per the Global Forecast research report 2024-2028 published by Technavio, the market size is estimated to grow by USD 19131.78 million, at a CAGR of 8.18% during the forecast period. There are several companies that are contributing to the market as per this report. Integration of advanced technology in combine harvesters .

By Product, the Self-propelled segment is projected to dominate the market size in 2024

In the Combine Harvester Market, self-propelled models held a significant market share in 2023. This segment's dominance can be attributed to its superior features and advantages over tractor-pulled and other types. Self-propelled combine harvesters boast an extended diesel fuel capacity, minimizing grain breakage, ensuring higher grain cleanliness, and offering superior maneuverability in fields with wet and soft soils. Their engine serves dual functions as both a propulsion system and a harvester. Primarily used for harvesting crops such as wheat, paddy, soybean, mustard, and sunflower, self-propelled combine harvesters have gained prominence due to the increasing focus on food safety, improved overall yield, and timely harvesting by farmers and governments worldwide.

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Why is Europe forecasted to hold the largest regional market size in 2024?

The European combine harvester market is experiencing significant growth due to the shrinking agricultural workforce in major countries such as the UK, Germany, Spain, France, and Italy. Government initiatives to promote agricultural mechanization and the need for efficient forage and silage handling are key drivers. With labor scarcity, farmers are increasingly opting for advanced combine harvester models to minimize reliance on manual labor and reduce harvesting losses. This trend is expected to continue, making the market for high-quality, mechanized forage and silage handling solutions a promising one.

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Research Analysis Overview

The combine harvester market has experienced significant growth in recent years due to the increasing demand for food products and the need to meet the labor requirements of crop harvesting. With a growing global population, the demand for fruits, vegetables, grains, and cereals is on the rise. Farmers have turned to track combine harvesters, a type of machinery that automates the process of reaping, threshing, and winnowing crops, to meet this demand. Combine harvesters have revolutionized agriculture by reducing the need for manual labor and increasing efficiency. These machines can harvest grains, cereals, and even some fruits and vegetables, making them an essential tool for modern farming. The technology behind combine harvesters continues to advance, with new models featuring improved efficiency, precision, and sustainability. The combine harvester market is expected to continue growing as farmers seek to increase productivity and reduce labor costs. With the ongoing development of automation and technology in agriculture, the future of crop harvesting looks set to be even more efficient and productive. Overall, the combine harvester market plays a crucial role in ensuring a steady supply of food products to meet the needs of a growing population.

Market Research Overview

According to Technavio, the global combine harvester market is a segment of the expansive agricultural and farm machinery market. This market encompasses organizations engaged in the manufacturing of agricultural and farm machinery and their related components. Product offerings span across agricultural tractors, haying machinery, harvesting machinery, planting machinery, livestock machinery, spraying machinery, tillage machinery, irrigation systems, and more. Technavio determines the size of the global agricultural and farm machinery market by evaluating the revenues generated from the sales of various agricultural and farm machinery types. Key growth drivers for this market include the continuous launch of innovative products by market participants. - The Combine Harvester Market is experiencing significant growth, fueled by the . Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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