Combine Harvesters Market To Exhibit Increased Demand In Coming Years : Fact.MR

Rockville, United States , 2022-May- 09 — /EPR Network/ — Combine harvesters are a multifunctional machine that helps to harvest a variety of grain crops efficiently. Threshing, winnowing, and reaping are the preliminary operations performed in myriad agricultural processes. Nowadays, the trend for harvesting equipment is rising owing to reduction in workforce and the need for quick harvesting operations. Thus, combine harvesters are witnessing heightened demand, underpinned by the ongoing expansion in the agriculture sector. Furthermore, various governments worldwide have introduced many convenient policies with regard to farm mechanization, thereby creating avenues for combine harvesters market. Farmers have also begun upgrading their machinery & tools to keep up with the surging demand for agricultural products. This has necessitated the use of the combine harvesters and is likely to push the global combine harvesters’ market growth to over 3% between 2020 and 2026.

The global 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.

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Key Segments of Combine Harvesters Market

Fact.MR’s study on the combine harvesters market offers information divided into four important segments – power, mechanism, grain tank size, and regional analysis. This report offers comprehensive data and information about important market dynamics and growth parameters associated with these categories.

Power	Below 150 HP 150-300 HP 300-450 HP 450-550 HP Above 550 HP
Mechanism	Hydraulic Hybrid
Grain Tank Size	Less Than 250 bu 250-350 bu More Than 350 bu
Region	North America Latin America Europe Japan APEJ MEA

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Key Takeaways of Combine Harvesters Market

• The hydraulic mechanism segment is foreseen to witness 1.2X more revenue than hybrid mechanism through 2026
• In grain tank size category, 250-350 Bushel (bu) combine harvesters are expected to attract a large consumer base due to its higher efficiency and cost-effective superiority, resulting in a contribution of 40% of the global revenues
• Self-propelled combine harvesters adoption becomes a key trend among various agricultural operations. Thus below 150 HP combine harvesters have higher share in self-propelled technology
• In power type segment, below 150 HP combine harvesters are growing at a rapid pace and are anticipated to surpass US$ 5 Bn mark by the end of the forecast period
•  United States and Canada are the early adopters of combine harvesters as US is focused on manpower reduction in the agricultural field. On this premise, North America will lead in the global combine harvesters market and will contribute half of the revenue shares

 “Intelligent combine harvesters are competent in monitoring grain flow rate and yield loss in real time. As a result, grain growers are making a seismic shift to intelligent combine harvesters over conventional combine harvesters” says Fact.MR analyst.

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Exorbitant Cost and Paucity of Skilled Workers to Hinder Market Growth

Requirements of harvesting equipment from the consumer standpoint is changing rapidly in terms of design or technicalities of product offerings. Thus, key manufacturers are investing significantly in research and development to meet the necessities of the purchaser as per the ongoing trend, which often makes finished-products expensive. In spite of the farmer’s point of view, product efficiency is important and so is its pricing. Meanwhile, exorbitant cost remains one of the major factors that hampers the global combine harvester sales. Moreover, the lack of skilled laborers in the field of agriculture has diminished the adoption of combine harvesters.

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