Agricultural Combine Harvester Market Size Expected to Grow by $25.37 Billion from 2024 to 2028, Agricultural Labor Shortage Drives the Market, Technavio

NEW YORK, June 10, 2024 /PRNewswire/ — The size of the global agricultural combine harvester market is estimated to increase $25According to Technavio, 0.37 billion in 2024–2028. The market is estimated to grow at a CAGR of 8.39% during the forecast period. Agricultural labor shortages are driving market growth, and the trend is the rise in popularity of self-propelled forage harvesters equipped with 3D cameras. However, high start-up and operational costs pose a challenge. Key market players include AGCO Corp., Bernard KRONE Holding SE and Co. KG, Bucher Industries AG, CHANGFA, Changzhou Dongfeng Agricultural Machinery Group Co. Ltd., China National Machinery Industry Corp. Ltd., CLAAS KGaA mBH, CNH Industrial NV, Daedong Corp., Deere and Co., HORSCH Maschinen GmbH, ISEKI and Co. Ltd., JC Bamford Excavators Ltd., Kubota Corp., Mahindra and Mahindra Ltd., SDF SpA, Sonalika International Tractors Ltd., Tractors and Farm Equipment Ltd., Weichei Lovol Heavy Industry Co. Ltd. and Yanmar Holdings Co. Ltd..

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Market driver

The agricultural forage harvester market is experiencing significant growth thanks to the development of self-propelled forage harvesters. Key manufacturers like Deere are introducing innovative features that increase operational efficiency and reduce operator workload. Notable among them is a 3D camera with Active Fill Control, which automatically detects the trailer’s filling level and ensures even filling.

This technology allows operators to focus on optimizing the machine, which leads to improved combine efficiency and productivity. Additionally, the LED spout lighting package ensures even filling in the dark or in extreme weather conditions. These features are gaining popularity and driving the market growth during the forecast period.

The agricultural combine harvester market is witnessing significant growth due to the increasing demand for efficient agricultural solutions. Farmers invest in modern combines to improve yields and reduce losses. Labor-saving technologies such as combine harvesters and sugar cane harvesters are popular choices. Manufacturers in developing countries are also adapting these machines to meet the growing demand for agricultural products.

Additionally, precision farming and automation are popular areas in the market. Producers focus on producing high-quality crops and minimizing losses through advanced harvesting techniques. Overall, the agricultural combine harvester market is poised for further growth in the coming years.

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Market challenges

• The agricultural combine harvester market is facing challenges due to high initial and operational costs. For example, the base model of CNH Industrial’s new CASE IH combine in the US costs between $400,000 AND $500,000 in 2022. Proper operation depends on the operator’s knowledge of the product to avoid damage to components such as rotating shafts, gears, chains and belts.

• To ensure proper operation, regular inspections are necessary, paying particular attention to places of wear. Neglecting maintenance schedules can lead to breakdowns. These factors make high costs a significant obstacle in the global agricultural combine market.

• The agricultural combine harvester market faces several challenges in the agricultural industry. Farmers need efficient and productive combines to meet the growing demand for food. However, high production costs and the need for advanced technology pose significant challenges. Farmers in developing countries struggle with limited resources and outdated equipment.

• Additionally, labor shortages in some regions necessitate the use of automated harvesters. Moreover, the need for sustainable agricultural practices and regulatory compliance increases market complexity. Manufacturers must address these challenges to ensure the long-term success of the combine harvester market.

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Segment overview

1. Product

• 1.1 Combine harvesters

• 1.2 Self-propelled forage harvesters

Type

Geography

1.1 Combine harvesters- The agricultural combine harvester market is witnessing steady growth due to the increasing global demand for food. The main players are John Deere, Caterpillar and AGCO. These companies offer a wide range of combine harvesters for various crops, increasing the efficiency of agriculture. Technological advancements such as autonomous harvesters and precision farming are further driving market expansion. Farmers around the world are looking for reliable and efficient combines that will meet their agricultural needs.

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Research analysis

In developing economies, the agricultural sector continues to play a significant role in economic growth and food security. Farmers in these regions face numerous challenges, including labor shortages and the need to increase yields and product quality. Mechanical means such as agricultural combines have become essential tools for solving these problems.

Combine harvesters, like combine harvesters, revolutionized the agricultural industry by improving the speed of processes and the quality of products. Among other things, New Holland Fiat offers a range of combines designed to optimize grain yield and bin size for a variety of grains, including wheat. Farm mechanization and the use of advanced agricultural equipment have become crucial for farmers to remain competitive and productive in today’s agricultural landscape.

Market research review

The agricultural combine harvester market refers to the industry involved in the production and supply of combine harvesters for agricultural applications. These machines are designed to efficiently harvest crops such as grains, fruits and vegetables during the harvest season. The market is driven by various factors including increasing global population, need for food security and technological advancements in agricultural machinery.

Harvesting technologies have evolved significantly over the years with the integration of automation, precision farming and IoT (Internet of Things) into modern combines. Additionally, we are observing a trend in the market towards the development of multi-crop combine harvesters, which can reduce operating costs and increase farmers’ productivity. Overall, the agricultural combine harvester market is a critical sector that plays a significant role in ensuring food security and supporting the agricultural industry.

Contents:

1 Summary
2 Market landscape
3 Market size
4 Historical market size
5 Five Forces Analysis
6 Market segmentation

7 Customer landscape
8 Geographic landscape
9 Factors, challenges and trends
10 Company landscape
11 Company analysis
12 Annex

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