Sep 18, 2017   SOURCE: BusinessWire

Increasing Mechanization to Boost the Combine Harvester Market: Technavio

According to the latest market study released by Technavio, the global combine harvester market is expected to grow at a CAGR of close to 8% during the forecast period.

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Technavio has published a new report on the global combine harvester market from 2017-2021. (Graphic ...

Technavio has published a new report on the global combine harvester market from 2017-2021. (Graphic: Business Wire)

This research report titled ‘Global Combine Harvester Market 2017-2021’ provides an in-depth analysis of the market in terms of revenue and emerging market trends. This report also includes an up to date analysis and forecasts for various market segments and all geographical regions.

“Farm mechanization aids in achieving timeliness in field operations, increasing productivity, cutting down crop-production costs, and reducing post-harvest losses, thereby boosting the total crop output and farm income. Combine harvesters help in enhancing the speed, volume, and efficiency of harvesting. These combines are designed and configured to meet the different needs of end-users,” says Shikha Kaushik, a lead analyst at Technavio for agricultural equipment research.

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The market research analysis categorizes the global combine harvester market into three major product segments. They are:

  • Self-propelled
  • Tractor-pulled
  • Power take off (PTO) powered

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Global self-propelled combine harvester market

The global self-propelled combine harvesters market is expected to grow during the forecast period as crops like wheat, paddy, soybean, sunflower, and mustard are best harvested by self-propelled combine harvesters. These harvesters have extra capacity diesel tank, minimal grain breakage, high grain cleanliness, and better maneuverability in wet and soft fields. They are operated by supplying power to their moving parts and pulling huge loads of combines. A combine harvester is operated by a single laborer. Its engine is used for both propulsion and harvesting processes.

The key players or competitors in the self-propelled combine harvester market are AGCO, CLAAS, and Deere & Company. These firms focus on innovative technologies to further drive the market growth.

Global tractor-pulled combine harvester market

Tractor-pulled (mechanically driven) combine harvesters are one of the earliest forms of agricultural machinery. They are considered a replacement for traditional horse-pulled harvesters. Earlier, these tractor-pulled harvesters were powered by separate gasoline engines, but of late, these harvesters are PTO-powered. Key competitors in the market for such combine harvesters are Deere & Company, CASE IH, and CLAAS.

“The modern tractor-pulled combine harvesters help in ejecting the harvested crops into bags or storing the grains in bins until they are loaded onto trucks with augers. Increasing agricultural mechanization and governmental support in the form of agricultural subsidies is expected to further drive the market during the forecast period,” says Shikha.

Global PTO-powered combine harvester market

The global PTO-powered combine harvester market is expected to post a CAGR of more than 8% during the forecast period. PTO-powered combine harvesters are improved versions of tractor-pulled combine harvesters. Shakers are used for separating the grain and the straw with the help of chaff and straw-walkers. Thus, the grain is preserved, while the straw is dumped.

Deere & Company is the key player in the PTO-powered combine harvesters segment. Due to the high costs of these harvesters, farmers prefer pre-owned machinery. This poses a threat to the market during the forecast period.

The top vendors highlighted by Technavio’s market research analysts in this report are:

  • AGCO
  • CLAAS
  • CNH Industrial
  • Deere & Company

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