In 2017 the global agricultural combine harvester market was valued at over US$ 10 Bn and by the end of the assessment year, it is estimated to touch a value of more than US$ 14 Bn growing at a sluggish CAGR of nearly 4% throughout the forecasted period.
Global Agricultural Combine Harvester Market: Drivers
Better education and awareness, government subsidized schemes for the procurement of agriculture equipment, shift from manual labor to mechanization, rising demand for self-propelled combine harvester and growing population are some of the factors expected to create a robust growth of the global agricultural combine harvester market. The constant support and promotion of mechanization of all small farms from the state as well as central government are expected to create a positive impact on the growth of global agriculture combine harvester market. Favorable credit policies are boosting the farm mechanization which will ultimately help in increasing the growth of the global market for agriculture combine harvester market.
Global Agricultural Combine Harvester Market: Forecast by Type of Movement
The global Agricultural Combine Harvester market has been comprehensively covered on the basis of the taxonomy i.e. by product type. This segment includes Wheel Type Agricultural Combine Harvester and Crawler Type Agricultural Combine Harvester. Growing preference for crawler type combine harvesters, particularly for harvesting rice, is expected to create new growth prospects for crawler type combine harvester manufacturers across the globe.
Global Agricultural Combine Harvester Market: Forecast by Power Source
This segment consists of Tractor Pulled/PTO Powered Combine Harvester and Self-Propelled Combine Harvester. The self-propelled combine harvester segment is expected to dominate the market, in terms of value and volume, throughout the forecasted period. Tractor mounted/PTO powered segment is anticipated to witness declining growth owing to increasing popularity of self-propelled combine harvesters. Tractor mounted combine harvesters are generally preferred for small-sized farm fields (ranging in size from 1 to 10 acres). An important benefit of tractor mounted combine harvesters is that farmers can use tractors in other field operations during the rest of the years. However, due to increasing farm sizes and production capacity, farmers, these days, are preferring self-propelled combine harvesters for the harvesting of crops.
Global Agricultural Combine Harvester Market: Forecast by Region
North America, South America, Europe, APAC and MEA are the five regions that are included in this report. Each region has its own dedicated section, regional Agricultural Combine Harvester market analysis helps key stakeholders decide which region they wish to focus upon in the global Agricultural Combine Harvester market.
Global Agricultural Combine Harvester Market: Key Players
John Deere, CNH Industrial(Case IH and New Holland), Kubota, Claas, AGCO, ISEKI, Sampo Rosenlew, SAME DEUTZ-FAHR, Yanmar, Pickett Equipment, Versatile, Rostselmash, Preet Agro, Tractors and Farm Equipment (TAFE), LOVOL, Zoomlion, Xingguang Agricultural Machinery, Shandong Shifeng, Jiangsu Wode Group, Zhejiang Liulin Agricultural Machinery, Zhong ji Southern Machinery, YTO Group, Luoyang Zhongshou Machinery Equipment and Wuzheng Agricultural Equipment, are some of the key manufacturers functioning in this market.
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