Combine Harvesters Market: Volume Sales of Combine Harvesters will Remain Largest in APEJ

Posted on 2019-07-05 by Mark Hub in Industrial // 0 Comments

Rockville, USA, 2019-Jul-05 — /EPR Network/ — Combine harvesters, or combines, seek robust adoption in the agricultural sector, as they integrate processes such as winnowing, threshing and reaping of grains. Rapid evolution in mechanization of processes has significant benefitted the agriculture industry worldwide. Farmers have initiated upgradation of their machinery and tools for keeping pace with growing demand for agricultural produce across the globe. One of the primary objectives pursued by combine harvester manufacturers recently is the combination of imperative parameters of economic management such as operational qualitative features and hourly productivity. This is expected to ensure perfect aggregation and cleaning of grains, thereby contributing to development of physically intact products that have higher hygienic safeguards and quality. A new Fact.MR report imparts key dynamics, forecasts and analysis on the global combine harvesters market for the period between 2017 and 2026.

The combine harvesters market is forecast to register a volume CAGR of 2.6% between the period 2017 and 2026, according to a recent research study of Fact.MR. The report estimates global sales of combine harvester to surpass US$ 18,500 Mn by 2026-end.

With declining costs of agricultural produce becoming a prevailing trend, emphasis is being placed on improving land and labor productivity, in order to enhance profitability. Agricultural machinery manufacturers are therefore focusing on harvest volumes that have direct impact on the income of nations. These manufacturers are carrying of research and development activities associated with technologies that would provide real-time intelligence on harvest flow rates along with information about visualization losses during harvesting process.

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North America will continue to lead the global market for combine harvesters, in terms of value. Labor scarcity in agricultural activities, particularly harvesting, coupled with high labor cost and requirement for replacing old machinery will remain key factors stoking demand for combine harvesters in the region. Farmers in the region are prompted to purchase combine harvesters, mainly influenced by the advent of new & technologically advanced products with better fuel efficiency and enhanced features.

Integration of Telematics with Agriculture Mechanization – A Major Trend

One of the major trends gaining traction in the combine harvesters marketworldwide is growing integration of telematics with agriculture mechanization. Adoption of telematics ensures tracking loopholes in the performance of combine harvesters, provided with an onboard GPS system that provides information about engine status, location and speed of the harvester. Additionally, telematics enables reviewing information on previous operational hours, and furnishing that specific information on the time and manner of the harvester’s operation.

Asia-Pacific excluding Japan (APEJ) will continue to spearhead the global combine harvesters market, in terms of volume, mainly driven by robust foreign direct investments (FDI) into its developing nations such as China and India. FDI has further spurred the agricultural activities in these countries, thereby creating the need for efficient agricultural machinery such as combine harvesters. However, cost of new combine harvesters being substantial, farmers in APEJ are buying used machinery at relatively lower prices, impacting revenue generation of the market in the region.

Key market participants identified by Fact.MR’s report include MASSEY FERGUSO, JCB, Yanmar America Corporation, KIOTI Tractor (subsidiary of Daedong Industrial Company, Ltd.), Case IH, Bobcat (a Doosan company), Escorts Limited, Mahindra and Mahindra, New Holland, Claas KGaA GmbH, AGCO Corporation, Kubota Corporation, Tractors and Farm Equipment Limited, Deere & Company, and Caterpillar.

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Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that’s why we publish multi-industry global, regional, and country-specific research reports.

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