COMBINE HARVESTERS MARKET ANALYSIS

Combine Harvesters MarketSize and Trends

The global combine harvesters market size was valued at US$ 4238.7 million in 2021 and is anticipated to witness a compound annual growth rate (CAGR) of 3.7% from 2022 to 2030. The growth of the global population is a driving force behind the need for cereals, vegetables, and fruits. The rising need for food products is a major factor increasing the sales of combine harvesters. The combine harvesters market is also expected to benefit from government support, especially in developing nations. Moreover, technological advancements in the field of agriculture are expected to further boost growth of the combine harvesters market in the near future.

Global Combine Harvesters Market Trends:

The multi-crop combine harvesters is gaining popularity in the global market over the forecast period. The demand for crawler type combine harvesters is also expected to witness noteworthy growth over the forecast period. The demand for these combine harvesters is driven by their high efficiency in harvesting the crops.

The government is encouraging farmers to adopt innovative technology. The rise in population is also resulting in increased demand for food products across the world. The increase in the farming population will result in high demand for combine harvesters in the global market. The growing awareness about improved technology will also fuel the growth of the market.

Figure 1. Global Combine Harvesters Market Value Share (%), By Region, 2021