Market Snapshot

Combine harvester market was valued at US$ 49.33 billion in 2023 and is projected to hit the market valuation of US$ 69.61 billion by 2032 at a CAGR of 3.9% during the forecast period 2024–2032.

International trade in combine harvester has grown significantly, illustrating the demand for these agricultural machinery. In the first quarter of 2023, the global commerce of combine harvesters recorded an increase in value of 33.1% which was on the back of 15.5% increase in 2022. This growing trend is indicative of the further increasing level of dependence on mechanized farming techniques globally. Furthermore, the export of auxiliary parts of agricultural combine harvesters increased, with 5,832 shipments going out from March 2023 to February 2024, a 46% increase from the previous year. This growth cuts across the increasing demand in the market for both finished products and their parts, owing to technical progress and effective farming needs.

China, Germany and Japan are the main players in the export market for parts for combine harvesters. These countries have directed significant shipments to major importers such as Ukraine, India, and Indonesia. Among them, Ukraine has become a noteworthy importing country in the combine harvester market, holding 30% of the market share by making 10,014 shipments. This indicates a strategic focus on enhancing agricultural productivity in regions with high demand for modern farming equipment. These trade relations and their changing dynamics explain the transfer of agricultural practices and technology globally to cope with increasing food demands resulting from the rising global population.

In the United States, the export of combine harvesters was estimated at 7,000 units in 2022, maintaining the previous year's figures, with a total value of $1.4 billion. Wherein, the most prominent export combine harvester market were Canada, Mexico, and Australia. With this, it is evident that trade was done on a large scale within the regions. The other side of the equation saw the United States import a surplus worth of about US$ 313 million as the country would end up bringing approximately 3,000 units which was surprisingly a 31% growth from the previous year. All of this would benefit the import nation as prices began to vary due to new additions in the market. Reports managed to state that the American average export price of a combine harvester stood at US$ 258,000 per unit which was a 19% higher than the previous month. In August, the overall average price of combine harvesters in Canada emerged as the highest at US$ 395,000.

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Market Dynamics 

Driver: Growing Focus on Efficient Agricultural Practices to Shoot Up Demand for Combine Harvesters 

The growth of the combine harvester market has mainly been attributed to the improved agricultural practices. In 2023, the total agricultural output in the world was now at an all-time high of 9 billion metric tons, which would not have been possible if it was not for the active participation of combine harvesters. In terms of harvesting capabilities, the United States was at the forefront of combine harvesting as over 90 million hectares of arable land were harvested by it in the 2023 season. The Brazilian utilization of those combine harvesters allowed that country to supply an impressive 130 million metric tons of soybeans. Efforts made by China to make agriculture more productive saw the deployment of combine harvesters in over 100 million hectares. The European union focused itself on the Combine Harvesters to further promote its sustainable agriculture vision and was able to integrate an extra 15,000 combine harvesters with the aim of reducing waste and improving productivity. Wheat, which has an average yield per hectare at 3.5 metric tons and is one of the more common crops grown using combine harvester, has seen increased effort in production brought forth by these machines. The time saved is significant, for instance, combine harvesting reduced the time taken to harvest from 10 days to just 2 days. 

Fuel consumption in the combine harvester market has also been lessened because a majority of combine harvesters nowadays only consume around 40 liters of fuel per hectare when a few years ago most of them would consume around 50 liters. During this reporting period, the number of farms that used combine harvesters and adopted the no-till method has increased to 500,000 around the world. Apart from that, the market for advanced technologies that are related to combine harvester systems has grown to over US$ 7 billion, which highlights the trend for operational betterments. 

Trend:  Transition From Manual to Mechanized Farming, A Significant Trend Bolstering Demand for Combine Harvesters

In 2023, the global combine harvester market recorded sales of 257,000 units with India alone covering 12,000 units, which indicates its mechanization growth rate. China, with its large acreage of agriculture, added 15,000 new combine harvesters to its inventory. As a champion of mechanized agriculture, the United States invested in upgrading 18,000 new units. Brazil, another agricultural giant in the economy, reported an increase of 20% in sales of combine harvesters, that relates to 9,000 units. In Russia, despite economic hardships, 8,000 units were sold to modernize its agricultural industry. The case of combine harvesters is not isolated as the global sale of tractors inched closer to 2 million in 2023. This only suggests a broader emphasis on the automation of agricultural practices across the world. A combine harvester’s average price was approximately US$300,000, so the value of all newly sold combine harvesters was US$49.34 billion. There was also a slight growth in the installation of smart farming systems in the combine harvester market which work in conjunction to combine harvesters with 40,000 new installations across Europe. In Australia, technology is changing the way agriculture is done as 5,000 combine harvesters installed with precision agriculture features were sold.

Challenge: Fragmentation of Land Holdings May Hinder Growth Momentum

Currently, the combine harvester market faces a considerable barrier to growth in areas such as Africa, the Middle East, and Southeast Asia – the problem is the fragmentation of land ownership. While the small planting is consistent with the Asian regions, the average farm size in the region was about 2 hectares as of 2023, further aggravating the difficulty in constructing a unified and mechanized farming structure.  All of Sub-Saharan African countries have more than 80% of their farms below 2 hectares which makes the use of such machinery difficult in those regions. Even in the Middle East, the agriculture lands also poses the same barriers as 70% of them did not exceed 10 hectares. Particularly in India where small-scale farming abounds, the average area of farm was around 1.15 hectares which means large scale farms are sorely lacking which means a greater potential for the market means lesser sell as, for the entire African market, only 5,000 combine harvesters were able to sell. 

 The situation in the combine harvester market in the US and Canada appears to be diametrically opposite where in the first semester of 2023, a total of 20,000 and 7,000 combine harvesters were sold respectively. But in terms of price, it is likely that most of the American farmers were able to afford $50,000 for a standard combine harvesters made in the USA. As a result of this challenge, the market for mini-combine harvesters began expanding with sales of 10,000 units around the world, which shows the need for comparatively sized equipment.

Segmental Analysis 

By Type

The Self-Propelled Combine Harvesters are likely to dominate the market by capturing a revenue share of 49% by the end of 2032. Developments in the technologies such as GPS guided systems and automation systems that tend to improve harvesters’ productivity and reduce man power are the major forces supporting this trend. The increasing trend for globalization has influenced the global combine harvester market size worth US$ 49.64 billion in 2023 to its estimation of reaching US$ 70.1 billion by 2032. China is a dominant contributor in the Asia Pacific region and is accounting for more than half of the total sales in combine harvesters, which includes the smaller size models that are convenient for the Chinese agricultural region. Furthermore, in Southern Asia Pacific, the rate is expected to rise by 1.4 during the forecasted period. Furthermore, even the Americas have shown a continuous upward trend in sales. 

Also, Financial assistance through government subsidies and credit facilities is also important because it removes the financial risk in purchasing the machines for the farmers. Although self-propelled harvesters in the combine harvester market require greater initial investments, their long-term benefits, including cost savings and increased production times, help out large scale operations. Major harvesters market companies consist of strategic alliance and partnership as well as innovations of John Deere, Kubota Corporation, Mahindra & Mahindra Ltd which released the Swaraj 8200 Wheel Harvester. Other notable examples include CLAAS’s LEXION series and AGCO’s Fendt IDEAL, these have advanced the most in technological changes in the region.

Another reason why self-propelled combine harvesters are becoming increasingly popular is their versatility as they can easily be modified to harvest different crops, or be used in different field conditions. This is quite useful in today’s competitive farming landscape. Also, they are equipped with robust analytics and data connectivity so that farmers can make timely decisions. This is very useful in this era where precision farming is catching up and more focused on increasing productivity while decreasing plenty of waste. 

By Mechanism

When it comes to mechanism, hydraulic mechanism in combine harvester market held up over 57.3% in the year 2023 thanks to its ability to offer higher operations efficiency at a lower cost while ensuring accuracy in various agricultural functions. In 2023, hydraulic agricultural machinery had the major share in the market, but hybrid systems are expected to grow at a faster rate. It is the versatility of hydraulic technology that is crucial in today’s world as it allows for quicker and more effective work processes. Some of the notable companies that use similar technology are John Deere with its HarvestLab 3000 Grain Sensing and Mahindra with its Swaraj 8200 Wheel Harvester.

Hydraulic mechanisms are in demand across the global combine harvester market because they increase the quality of a product while simultaneously reducing the amount of work done. Integrated hydraulics are able to combine effectiveness and safety and therefore further entrench their market share. Its prominence is aptly illustrated by the number of machines that use hydraulic power ranging from crop sprayers to loaders. Tactical players like CLAAS and AGCO Corporation are still coming up with fresh ideas and applying them in practice, so hydraulic mechanisms are inextricably linked to agriculture technologies. As the agricultural sector continues to shift its attention to the precise farming method worldwide, the hydraulic system should also continue to be in great demand.

By Class

Class 3-4 combine harvesters are expected to reach a global combine harvester market valuation of $31,540 million by 2032 with anticipated sales surpassing 45% of input commodities owing to a throughput rate of five to eight kg/s. Their multi-use nature in terms of rotating different kinds of crops and their efficiency makes them applicable in multiple sectors of agriculture. The strong suit of these harvesters is easily their capability of working in diverse field conditions without compromising on the output. With each of Brazil and Argentina selling over five thousand units each year till now, the demand does seem to be on the rise.

Demand for Class 3-4 harvesters is generated through their usefulness in precision agriculture and through the use of high-end machinery. This sub-category in the combine harvester market is dominated by well-known companies such as John Deere and CLAAS which provide innovative machinery targeted towards high demand. Strategic alliances and the ongoing evolution of the industry define the market setting, with AGCO’s Ideal 7 and John Deere S700 series leading the charts. When taking the increasing food requirements into consideration, it becomes rather clear why class 3 to 4 combine harvesters remain one of the major players in the market, with the plethora of versatile tools enabling effective harvesting to be their forte.

Apart from the performance features, Class 3-4 harvesters are complementing roles already in existence and quickly adapting to the inclusion of smart technologies. Such features include, but are not limited to, data acquisition and remote monitoring, which enables farmers in the combine harvester market to make sound judgments concerning the harvesting process. This integration enhances the already persistent movement towards digital agriculture, where networks and analytics are central to increasing the overall output and its sustainability. With the increasing interest of farmers in crop management through technology, combine harvesters of Class 3-4 are becoming more and more relevant, and therefore, contributing towards the maintenance of the market dominance.

By Power

The majority of global demand for harvesting machinery is met by combine harvesters of 150-300 horsepower, especially by small and medium-sized farms in Southeast Asia and some parts of Europe combine harvester market. This segment had the highest market share in 2023 accounting for over 38.1%. The affordability of such machines and their lesser running costs make it possible for mechanization to be sought by a wider reach of farmers. The Asia-Pacific region is offering a lucrative revenue opportunity as the Indian government buying more than 1,000 units a year for small farmers’ promotion. As the population grows, and food requirements increase so will the need for less expensive efficient harvesting equipment.

It has been found that 150-300 HP combine harvester are highly popular among end users due to their economic benefits as most of the governments in developing nations subsidies and offer finance programs to buy them. Furthermore, competitiveness in pricing and the efficiency of the combine harvester market in handling wheat and rice crops has made them grow in terms of market share. Mahindra, Kubota, Claas, and AGCO Corporation are some of the key players that ensure continue recruiting of products all while having hp 150-300 and ensuring that these harvesters are technologically advancing. These low power combine harvesters facilitate sustainable farming practices. Their size and relatively lower power use means less emissions and contributes to addressing climate change. It is also easier to use these machines when there are smaller fields with different types of soil or growing conditions. This type of characteristic is more relevant in areas with small landholding areas. 

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Regional Analysis 

A combination of technological advancement, economic dynamism and demographic shifts are transforming the Asia Pacific combine harvester market. Currently the region accounts for over 45% of the global market. With more than 4.3 billion people inhabiting the area, the urgent need for growth in terms of agricultural productivity comes into light. The population growth within the region is being accompanied by an increasing GDP, especially in India, which is predicted to achieve a $4 trillion economy by 2025, and China, which is expected to develop into a $19.55 trillion economy by the same year. The rise in mechanization of agriculture which is a reaction to the deficit of laborers in the rural areas has translated to a mushroom in the demand for machinery. For instance, the tractor industry in India alone sold more than 915,000 units in 2023 as the overall trend seems to be geared towards mechanization which the combine harvester producers are willing to explore. Moreover, the region’s governments are encouraging the growth of agricultural mechanization with monetary aid such as over $450 billion spent by China to modernize the agriculture sector by 2025.

The Asia Pacific’s combine harvester market is growing due to technological advancements, and manufacturers incorporating new features that help improve efficiency, such as GPS and data analytics. This shift towards smart farming is clear as there are now over 20 million hectares under precision agriculture in the region. Japan and South Korea are at the forefront of developing autonomous combine harvester technology and Japan has deployed over 500 units of self-driving harvesters in its fields. There are also emerging trends within the market for cleaner models as countries such as Indonesia and Vietnam have actually deployed over 10,000 units of less polluting and fuel efficient harvesters. The market growth is also reinforced by the approval of over 50 new factories and assembly plants by both foreign and local manufacturers in the region in order to provide responses to the unique agricultural demands in Asia Pacific. In addition, this strategic localization is supported by the fact that the region already contributes over 30 % of the global market of combine harvesters which shows how swiftly the region is becoming important to manufacturers.

Top Companies in Combine Harvester Market:

• 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
• Other Prominent Players

Market Segmentation 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
  (0.5-3 Kg/s)
• Class 3-4
  (5-8 Kg/s)
• Class 5-6
  (9-12 Kg/s)
• Class 7
  (12-14 Kg/s)

By Grain Tank Size

• < 250 bu
• 250-350 bu
• > 350 bu

By Crop Type

• Wheat
• Rice
• Corn
• Others

By Region

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • UK
  • Germany
  • France
  • Italy
  • Spain
  • Poland
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • India
  • South Korea
  • Japan
  • Australia & New Zealand
  • ASEAN
  • Rest of Asia Pacific
• Middle East & Africa (MEA)
  • UAE
  • Saudi Arabia
  • South Africa
  • Rest of MEA
• South America
  • Argentina
  • Brazil
  • Rest of South America