According to a market report by Lucintel, the future of the global combine harvesters market looks promising with opportunities in the wheat harvesting, rice harvesting, and soyabeans harvesting markets. The global combine harvesters market is expected to reach an estimated $75.8 billion by 2030 with a CAGR of 4.5% from 2024 to 2030. The major drivers for this market are increasing global population led to the requirement for crops and cereals and improved farm productivity, fast urbanization and farmers' growing inclination toward robotic farming methods, and rising investments by key players in extensive research and development (R&D) projects.
In this market, wheel
type combine harvester and crawler type combine harvester are the major
segments of combine harvesters market by type.
Lucintel forecast that
wheel type combine harvester is expected to witness highest growth over the
forecast period because they can be used on a variety of terrains, including
hard soil and uneven ground.
Within this market,
wheat harvesting will remain the largest segment because the wheat harvesters
are relatively efficient and can harvest a large area in a short amount of
time.
APAC is expected to
witness highest growth over the forecast period due to increased use of
cutting-edge technology, more backing from the government, and a surge in R&D
endeavors inside this region's market.
Agco, Claas, Deere &
Company, Iseki & Co, Kartar Agro, Ks Agrotech, Kubota, Mahindra &
Mahindra, Tractors and Farm Equipment, and Yanmar are the major suppliers in
the combine harvesters market.
This unique research
report will enable you to make confident business decisions in this globally
competitive marketplace. For a detailed table of contents, contact Lucintel at
+1-972-636-5056 or write us at helpdesk@lucintel.com.
About Lucintel
At Lucintel, we offer solutions for
you growth through game changer ideas and robust market &
unmet needs analysis. We are based in
Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20
years. We are quoted in several publications like the Wall Street Journal, ZACKS,
and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. 972.636.5056
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