Global Combine Harvesters Market: Regional Insights
Regionally, North America holds a significant share of the global combine harvesters market. This is primarily due to the erratic climate conditions and a shortage of labor. The United States has seen a rise in sales of combines in recent years. The United States combine harvesters market was valued at US$ 901.7 million in 2019 and it is anticipated to reach US$1, 063.4 million by 2025, registering a CAGR of 3.2% during the forecast period.
Moreover, Europe is anticipated to witness substantial growth over the forecast period. The region is estimated to account for the second largest share in the global combined harvesters market in terms of revenue. The region is expected to experience notable growth because of the increasing demand for cereals, wheat, and other crops.
Asia Pacific is another major market for combine harvesters. The region is witnessing rapid growth because of the increased demand for food products due to increasing population. Besides, the increasing popularity of telematics in agricultural mechanization is expected to fuel the regional combine harvesters market growth. Moreover, the increased adoption of technology is another driver factor for the Asia Pacific combine harvesters market.
Combine Harvesters Market Report Snapshots
Joining thousands of companies around the world committed to making the Excellent Business Solutions.
View All Our Clients