The global combine harvester market size was estimated at $53.94 billion in 2024 and is expected to reach around $80.85 billion by 2034, growing at a CAGR of 4.13% between 2024 and 2034.
Asia Pacific Combine Harvester Market Size and Forecast from 2024 to 2034
The Asia Pacific Combine Harvester Market size was valued at USD 19.96 billion in 2024 and is expected to reach around USD 30.32 billion by 2034, growing at a CAGR of 4.26% between 2024 and 2034.
Market Overview
A powerful piece of equipment called a combine harvester is made to facilitate the harvesting of various grains. Threshing, combine harvesters combine three separate harvesting processes of threshing, reaping, and winnowing into a single process. It is the most economically advantageous labor-saving innovation in the modern world, thereby reducing the manpower in agriculture. In India, grains and cereals are usually harvested with agricultural machinery compared to other crops. Farmers prefer self-propelled combine harvesters over harvesters on tractors due to their high efficiency. Combine harvester equipment is used for many agricultural operations, including harvesting and threshing. Using combine harvester equipment will reduce a lot of time and money required for these tasks.
Combine Harvester Market Growth Factors
The combine harvester is a versatile technology that can be used to efficiently harvest a wide range of crops. It is known for its flexible suspension and wide tires with deep and open grooves. The increase in automation in agriculture is one of the major reasons driving the expansion of the combine harvester industry in India. Precision farming reduces post-harvest waste, reduces agricultural production costs, and ultimately increases crop productivity and farm profitability. It also reduces labor and time. Tools that are usually attributed to both animals and machines are steadily increasing.
The market is expanding due to the supportive machinery credit policies of the federal government and other organizations and the ability to increase agricultural production. The Indian government is encouraging farmers to use technological innovations that can increase production. With the increasing awareness of new technologies and farmers becoming more knowledgeable about production methods, the demand for combine harvesters will increase. This will help the industry maintain a steady upward trajectory. Government initiatives, including those that provide incentives for the purchase of equipment, have also contributed to the growth. Farms are generally small in size, making it impossible to use large machinery. This has significantly reduced the demand for combine harvester equipment.
The demand for combine harvesters is also expected to be severely restrained by high maintenance and high cost requirements. The use of combine harvesters has traditionally been limited due to a surplus of labour, cheap labour and high machine costs. However, rural employment schemes like MGNREGA have improved the situation of combine harvesters in India. The Gandhi National Rural Employment Guarantee Act protects employment rights besides providing a social safety net. Due to labour shortages and rising labour costs, Indian farmers now find it more cost-effective to use machines for felling and threshing.
