A recent report published by Infinium Global Research on combine harvesters market provides in-depth analysis of segments and sub-segments in the global as well as regional combine harvesters market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional combine harvesters market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global combine harvesters market. According to the report, the global combine harvesters market is projected to grow at a CAGR of 3.5% over the forecast period of 2019-2025.
Combine harvester is generally used to perform the main three tasks of harvesting in a single process such as reaping, threshing, and winnowing of a cereal crop. It is a versatile machine designed to efficiently harvest an assortment of grain crops. This is the labor-saving and most economically invention in the modern age that reduces the workforce of labor in the agriculture filed.
The global combine harvesters market is primarily driven by the shift of agricultural activities in the modern age from manually or animal operated to professional work. Moreover, various schemes of government offer extensive support for farmers to the purchasing of agricultural equipment is expected to fuel the market growth in the near future. However, the low buying ability of small farmers due to the less income from a small piece of land is expected to hinder the demand for the global combine harvesters market. Nonetheless, demand for saving time, growing urbanization rate, and government initiatives are responsible for the focusing of farmers towards investment power and mechanization is anticipated to create a new opportunity for global combine harvesters market.
On the basis of region, the global combine harvesters market is bifurcated into North America, Asia Pacific, Europe, Latin America, and the Middle East and Africa. The Asia Pacific held the largest revenue share for global combine harvesters market in 2018 owing to China is expected to account for around 50% of the total units of combine harvester sold worldwide in 2018, in terms of volume. In Latin America, the rising agriculture industry is anticipated to drive growth for the Combine Harvesters market. The demand for large-sized combine harvesters is relatively more in the region than in other regions. Europe and North America are estimated to gain traction within the latter half of the projected years due to the expected replacement of the stocks of combine harvesters in these regions.
The report on global combine harvesters market covers segments such as type, HP, and movement. On the basis of type, the sub-markets include tractor-pulled combine, self-propelled, and PTO-powered combine. On the basis of HP, the sub-markets include up to 267 HP, 268-322 HP, 323-374 HP, 375-410 HP, and more than 462 HP. On the basis of movement, the sub-markets include crawler type, and wheel type.
The report provides profiles of the companies in the market such as Tractors and Farm Equipment Limited, Kartar Agro Industries Private Limited, Preet Group, Agco Corporation, Claas Kgaa Mbh, Kubota Agricultural Machinery, Deere & Company, Mahindra & Mahindra Ltd (M&M Ltd.), Sdf S.P.A. and Iseki & Co., Ltd., and KS GROUP.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of combine harvesters market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.