According to the latest market research study released by Technavio, the global combine harvester market is expected to grow at a CAGR of more than 7% during the forecast period 2016-2020.
This market research report by Technavio provides an in-depth analysis of the market in terms of revenue and emerging market trends. The report also includes an up-to-date analysis and forecasts for various market segments and all geographical regions.
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Technavio research analysts categorize the global combine harvester market based on product type:
Global combine harvester market share by product type 2015
|
Self-Propelled |
49.14% |
|
Tractor-Pulled |
37.77% |
|
PTO-Powered |
13.09% |
Source: Technavio
Global self-propelled combine harvester market
The global self-propelled combine harvester market was valued at almost $10 billion during 2015 and is expected to grow at a CAGR of around 8% by 2020. The vendors in the market are introducing different innovations in the modern combine harvesters which are the primary driver of the market growth of this market segment. The top competitor in the market include AGCO, CLAAS, and Deere & Company. These harvesters are functioned by a single operator, and the engine is used for both propulsion and harvesting processes.
“Self-propelled combine harvesters are most commonly used for harvesting crops like wheat, paddy, soybean, sunflower, and mustard. These harvesters are the most popular combine harvesters in the global combine harvester market. They have features like extra capacity diesel tank, no grain breakage, high grain cleanliness, and better maneuverability in wet and soft fields. The easy usage functionality and technological innovations will further fuel the growth of this market segment during the forecast period,” says Mantri Charan Kumar, a lead analyst at Technavio for research on agricultural equipment.
Global tractor-pulled combine harvester market
The global tractor-pulled combine harvester market was valued at over $7 billion during 2015 and is expected to grow at a CAGR of around 7% by 2020. This was one of earliest forms of agricultural machinery and these are replacement of traditional horse-pulled harvesters. These machines either eject the harvested crop into bags that are later transferred to a truck or have a small bin that stores the grain until it is loaded onto a truck with an auger. The increasing investment in farm machinery and government support are the primary market drivers of this segment. These harvesters are PTO-powered as opposed to the separate gasoline engines that were used before.
Global PTO-powered combine harvester market
The global PTO-powered combine harvester market was valued at more than $2 billion during 2015 and is expected to grow at a CAGR of almost 4% by 2020. These combine harvesters are an improved version of tractor-pulled combine harvesters. These machines come with grates that have small teeth on an eccentric shaft. PTO-powered combine harvesters use shakers to separate the grain from the chaff and straw-walkers to pour out the straw while preserving the grain. The market is occupied with large vendors investing in the development of these machines and Deere & Company is a major competitor that manufactures PTO-powered combine harvesters.
The top leading vendors operating in the global combine harvester market are:
- AGCO
- CLAAS
- CNH Industrial
- Deere & Company
Other prominent vendors in this market include Dewulf, Kubota Agricultural Machinery, Kuhn Group, Lely Group, Lovol Heavy Industry, Ploeger, Pottinger, Preet Group, SDF, and Sampo Rosenlew.
A more detailed analysis is available in the Technavio report titled, ‘Global Combine Harvester Market 2016-2020’. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports:
- Global Agricultural Harvester Market 2016-2020
- Global Agricultural Equipment Finance Market 2016-2020
- Global Agriculture Tire Market 2016-2020
- Agricultural Machinery Market in the US 2016-2020
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