Combine Harvesters Market Size, Competitive Landscape and Market Forecast - 2029

SKU: DMAG1943 | Last Updated On: Jun 16 2022 | Available Formats

> Global Combine Harvesters Market Expected to reach a high CAGR of 5.0% By 2029 : DataM Intelligence

Global Combine Harvesters Market is segmented by Mobility Type (Self-Propelled, PTO-Operated), by Movement Type (Wheel Type, Crawler Type), by Crop Type (Paddy, Sugarcane, Soya bean and Others), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2022-2029

Market Overview

A combine harvester is used in harvesting, threshing, separating, cleaning, and collecting grains. It also helps in the situation of labour shortage and also involves low cost and less time compared to individual harvesters and manual harvesting. The major crops harvested using this machine are Paddy, Maize, Sugarcane and Soybean.

The Global Combine Harvesters Market size was valued at US$ XX billion in 2022 and a growth in market size is expected resulting in a market size worth US$ XX billion by 2029, growing at a CAGR of XX% during the forecast period (2022-2029).

Market Dynamics

The major factors driving the Global Combine Harvesters Market are the increasing demand for combined harvesters, lower cost and less time than manual harvesting. Increasing R&D activities and subsidies by the government are driving the market growth of Combine Harvesters.

The growing mechanization rate in the agricultural sector is driving the market growth of Combine Harvesters

The demand for Combined Harvesters is increasing in the agricultural sector due to the high mechanization rate and combine harvesters involve lower cost and less harvesting time compared to individual harvesters and manual harvesting. According to the report, the income of farmers using the Combined Harvesters was 22.5% more than that of using manual methods and other conventional harvesting methods. The combined harvesters first harvest the crop, then threshes and removes chaff, weed and other dust particles from the grain. It also helps the farmers in the situation of labour shortage especially during the covid-19 pandemic where labours migrated to their homes in different parts of India and people preferred health over their jobs. It also enables reduced crop loss benefitting the farmers, especially during the peak season.

The increasing R&D activities, government subsidies over the purchase of combined harvesters and increasing crops production are driving the market growth of combined harvesters

The governments of many developing countries of the Asia-pacific region like India and Bangladesh are giving subsidies on the purchase of combined harvesters and many companies are involved in research activities and are developing new products which are driving the market growth of combined harvesters like John Deere and Company launched two new models of X series of Combine Harvesters named X9 1000 and X9 1100 in June 2020. The increasing research activities in this market like autonomous combine harvester is driving the growth in the market. The increasing production of wheat, paddy, sugarcane, maize etc is also driving the market growth. India and China are the leading producers of wheat in the world with a total production of 107860 thousand tonnes and 134250 thousand tonnes in 2020 respectively. According to the reports, the major sugarcane producers in the world are Brazil, India, Thailand, China and Pakistan. The sugarcane production in the world is increasing as total production increased from 747 million tonnes in 2018 to 752 million tonnes in 2019 in Brazil. China, India, Indonesia, Bangladesh, Vietnam and Thailand were ranked among the top 6 countries in terms of paddy production with a total production of 211 million tonnes, 177 million tonnes, 54.6 million tonnes, 54.5 million tonnes, 43.4 million tonnes and 28.35 million tonnes in 2019 respectively.

The high purchase and maintenance cost involved with the combined harvesters is hampering the market growth of Combine Harvesters Market

COVID-19 Impact Analysis

The COVID-19 pandemic has affected many industries due to the disruption in the supply chain, as there were full or partial lockdowns in many countries of the world and restrictions across borders and closure of airports hampered world trade. The construction sector was also severely affected due to covid-19 as there was disruption of the supply chain and people preferred health over their jobs. Companies couldn’t operate with proper covid norms. It was also difficult for staff and workers to work with social distancing norms. affected severely as many workers returned to their homes during covid-19 resulting in a massive loss for the industry. Due to the labour shortage and high cost involved with conventional harvesting, the demand for combine harvesters increased during the covid-19 pandemic. The paddy production, maize, sugarcane and soybean production increased during the covid-19 driving the market growth of combine harvesters. According to the reports, the world’s soybean production increased from 338 million tonnes in 2019 to 364 million tonnes. China, India, Indonesia, Bangladesh, Vietnam and Thailand were ranked among the top 6 countries in terms of paddy production with a total production of 211 million tonnes, 177 million tonnes, 54.6 million tonnes, 54.5 million tonnes, 43.4 million tonnes and 28.35 million tonnes in 2019 respectively. According to the reports, the major sugarcane producers in the world are Brazil, India, Thailand, China and Pakistan.

Segment Analysis

The Global Combine Harvesters Market is segmented based on Mobility  Type, Movement Type, Crop Type and Region.

Based on the Mobility Type, the Global Combine Harvesters Market is segmented into self-propelled and PTO-operated.

Based on the Movement Type, the Global Combine Harvesters Market is segmented into Wheel Type and Crawler Type

Based on the Crop Type, the Global Combine Harvesters Market is segmented into Paddy, Sugarcane, Soya bean, Maize, and others.

The Paddy segment within Global Combine Harvesters Market was valued at US$ XX billion in 2020 and a growth in market size is predicted leading to a market size worth US$ XX billion by 2028, growing at a CAGR of XX% during the forecast period (2021-2028). The Paddy segment is expected to have higher growth due to the large process of harvesting, which includes reaping, stacking, handling, threshing, cleaning, and hauling and the economic factors associated with the conventional farming methods. Conventional farming methods also involve a large group of labour which can hamper the farming and harvesting during the covid-19 pandemic as there was a labour shortage in many leading producers like India which created a demand for combine harvesters. China, India, Indonesia, Bangladesh, Vietnam and Thailand were ranked among the top 6 countries in terms of paddy production with a total production of 211 million tonnes, 177 million tonnes, 54.6 million tonnes, 54.5 million tonnes, 43.4 million tonnes and 28.35 million tonnes in 2019 respectively. The world’s paddy production in the world was 497.7 million metric tonnes in 2019-2020. The increasing paddy production especially in the Asia-pacific region is creating demand for combined harvesters.

Geographical Analysis

Based on the Region, Global Combine Harvesters Market is segmented as - North America, Europe, Asia-Pacific, The Middle East, Africa and South America.

The Asia-Pacific region had a market share of XX% in 2020 and is expected to hold XX% by 2028. The Asia-Pacific region has the highest market share among all the regions due to the increasing wheat and paddy production in the region. The production of sugarcane is also increasing in the region.  The growing mechanization in agriculture in the region also creates the demand for combine harvesters as it involves less harvesting time and low cost and helps in the situation of labour shortage. With the high cost and presence of small farms in the region, the demand for combine harvesters is increasing. India and China are the leading producers of wheat in the world with a total production of 107860 thousand tonnes and 134250 thousand tonnes in 2020 respectively. The government of many countries like India, Bangladesh, also gives subsidies over the purchase of combine harvesters. China, India, Indonesia, Bangladesh, Vietnam and Thailand were ranked among the top 6 countries in terms of paddy production with a total production of 211 million tonnes, 177 million tonnes, 54.6 million tonnes, 54.5 million tonnes, 43.4 million tonnes and 28.35 million tonnes in 2019 respectively. According to the reports, the major sugarcane producers of this region are India, Thailand, China and Pakistan. The sugarcane production in this region is increasing as total production increased from 379 million tonnes in 2018 to 405 million tonnes in 2019 in India. The leading producers of maize in this region are China and India having a total production of 260670 thousand tonnes and 30200 thousand tonnes in 2020 respectively but the maize production is not showing a great increase in this region. China and India are also the leading producers of soybean of this region with a total production of 19600000 metric tonnes and 10500000 metric tonnes respectively in 2020. The production of soybean is steady in this region and not showing an increase. The factors like increasing production of several crops and government subsidy over the purchase of combine harvesters drive the market growth.

Competitive Landscape

The Global Combine Harvesters Market is fragmented with key global players in the market and there are many large companies in the market. Some of the major companies contributing to the market's growth are - CLAAS Group, AGCO Corporation, John Deere and Company, Kubota Corporation, Yanmar Corporation, CNH Industrial N.V, Deutz-Fahr, Kartar Agro Industries Limited, KS Group, Tractors and Farm Equipment Limited and many others.

Mergers and Acquisitions, agreements, expansions, joint ventures etc increases competition in the market like The company acquired California based company named Blue River Technology in September 2017. Blue River Technology is a company that expertise in applying machine learning to technology. Kubota Corporation also started operations for wheel type combine harvesters at a new plant in China in November 2017.

New Innovations, New products, services launched also increase competition between companies and many companies are developing innovative technologies like John Deere and Company launched two new models of X series of Combine Harvesters named X9 1000 and X9 1100 in June 2020. Partnerships and Collaborations between companies are also making the market more competitive. Divestments and investments by the company and split of companies are also making the market quite competitive.

John Deere and Company

Overview:

John Deere and Company is an American company that deals with manufacturing construction, agricultural, forest machinery, consumer & commercial equipment, diesel engines and automobiles. The headquarters of the company is located in Moline, Illinois, US. The company was founded by John Deere in 1837 at Grand Detour, Illinois, US. The company acquired a german tractor manufacturing company named Heinrich Lanz AG in 1956. The company has various segments like Agriculture and Turf, Construction and Forestry, and Financial Services. The Agriculture and Turf segment deals with the distribution and manufacturing of agriculture and turf equipment and related service parts. The Construction and Forestry segment deals with machines and service parts used for construction, road building, timber harvesting etc. The Financial Services segment deals with the sales and leases of John Deere dealers of new and used agriculture and turf equipment and construction and forestry equipment. According to the Forbes Global 2000 ranking in 2021, the company was ranked 137. The market value of the company as of 31st March 2021 is USD 107.18 billion. It was ranked 84th in the Fortune 500 list of companies in 2021. The current CEO of John Deere and Company is John C.May. The company acquired California based company named Blue River Technology in September 2017.

Product Portfolio:

  • Combine Harvester Model W70
  • Maize Combine Harvester Model W50
  • Corn Combine Harvester
  • Telescopic handler
  • Seed Drill
  • Field sprayer
  • Forage Harvester
  • Sugarcane Harvester CH330

Key Development

  • John Deere and Company launched two new models of X series of Combine Harvesters named X9 1000 and X9 1100 in June 2020.
  • The company acquired California based company named Blue River Technology in September 2017.
  • The company launched four models of high capacity self-propelled forage harvesters in August 2018.

Financial Overview

According to CNN Business, the major shareholders of John Deere and Company are The Vanguard Group, Inc., BlackRock Fund Advisors, SSgA Funds Management, Inc., Wellington Management Co. LLP, Geode Capital Management LLC with market shares of 6.69%, 4.16%, 3.96%, 2.42%, 1.51% respectively. According to the Forbes Global 2000 ranking in 2021, the company was ranked 137. The market value of the company as of 31st March 2021 is USD 107.18 billion. It was ranked 84th in the Fortune 500 list of companies in 2021.

 Why Purchase the Report?

  • Visualize the composition of the Global Combine Harvesters Market products in terms of Mobility Type, Movement Type and Crop Types, highlighting the critical commercial assets and players.
  • Identify commercial opportunities in the Global Combine Harvesters Market by analyzing trends and co-development deals.
  • Excel data sheet with thousands of data points of Global Combine Harvesters Market-level 4/5 segmentation.
  • PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study.
  • Product mapping in excel for the key product of all major market players

The Global Combine Harvesters Market report will provide access to approximately 61 market data tables, 52 figures, and 200 pages

Target Audience 2022

  • Equipment suppliers/ Buyers
  •  Providers/ Buyers
  • Industry Investors/Investment Bankers
  • Education & Research Institutes
  • Emerging Companies
  • Research professionals
  • Distributors
  • Manufacturers
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