QY Research has recently added a new analytical research report titled, “Global Combine Harvester Market Report, History and Forecast 2014-2025, Breakdown Data by Manufacturers, Key Regions, Types and Application,” which foretells that the global combine harvester market is expected to record a moderate CAGR of 5.6% throughout the predicted period, i.e. during 2019-2025. The market recorded a value of US$ 10.2 Bn in the year 2018 and is expected to boost at US$ 15.7 Bn by the end of the forecasted period (2025).
The combine harvesters have gained a massive attraction in the agriculture sector in the past few years. Farmers have begun upgrading their tools and machinery to keep up with the pace of growing demand for agriculture products across the globe. One of the key factors such as short harvest phases of crops is driving the growth of the market during the anticipated period.
Global Combine Harvester Market: Trends
Due to growing farm mechanization practices, the combine harvester market is estimated to have a positive outlook over the projected period. Government across the globe have introduced various convenient policies related to farm mechanization that is expected to boost the growth of the global market in the years to come. Suitable farm mechanization is needed to increase productivity, minimize farm drudgery, cut down crop production cost, achieve timeliness in the field of operations, and reduce harvest losses. All these factors are likely to create a positive impact on the growth of the combine harvester market.
Some of the factors such as increasing urban population, shifting to mechanization from manual labor, and government subsidized schemes for agriculture equipment are likely to propel the demand for combine harvesters in the near future.
Shrinking Agricultural Space Restrict the Growth of Combine Harvester Market
Some of the factors such as shrinking agriculture land and lack of human resources may create a negative impact on the growth of the combine harvesters market during the projected period.
Global Combine Harvester Market: Forecast by Segmentation
Based on the application, the market is segmented into Rice Harvesting, Wheat Harvesting, Corn Harvesting, and Others. On the basis of product type, the combine harvester market is segmented into Above 400 HP, Below 200 HP, 300-400 HP, and 200-300 HP.
Global Combine Harvester Market: Forecast by Regions
North America is likely to grow at a significant rate due to the advanced technology products with better fuel efficiency and innovative features. The Asia Pacific is expected to grab a remarkable market share due to the increasing urban population and high growth opportunities in emerging economies such as China and India. Europe is also expected to grow at a significant rate in the years to come.
Global Combine Harvester Market: Key Manufacturers
Some of the major companies operating in the global combine harvester market are Wuzheng Agricultural Equipment, John Deere, Luoyang Zhongshou Machinery Equipment, CNH Industrial(Case IH and New Holland), YTO Group, Kubota, Zhong Ji Southern Machinery, Claas, Zhejiang Liulin Agricultural Machinery, AGCO, Jiangsu Wode Group, ISEKI, Shandong Shifeng, Sampo Rosenlew, Xingguang Agricultural Machinery, SAME DEUTZ-FAHR, Zoomlion, Yanmar, LOVOL, Pickett Equipment, Tractors and Farm Equipment (TAFE), Versatile, Preet Agro, and Rostselmash.
Full Report Overview@ https://www.qyresearch.com/index/detail/1085465/global-combine-harvester-market