Transition from manual labour to mechanised, government-subsidized farm equipment buying programmes, increased awareness and education, and an increasing population are all likely to contribute to the growth of the global Combine Harvester market.
Increasing farm mechanisation is one of the most important factors driving the expansion of the combine harvester market. Farm mechanisation saves time and labour, lowers crop production costs, lowers post-harvest losses, and increases crop productivity and farm profitability in the long term. Animal-driven implements, manually operated tools, and equipment powered by mechanical and electrical power sources all have exhibited consistent growth.
Furthermore, the government’s and other institutions’ favourable financing policies for machinery purchases, together with the capacity to boost agricultural production, are fuelling the market’s expansion. Farmers in Asian nations such as India, China, and Japan are being urged to use the most up-to-date technologies in order to increase output. In the future years, China and Japan will move toward autonomous farms.
Rise in the Urban Population and Industrialization to Pave Way for Market Growth
Rise in the urban population growing industrialization are predicted to drive up demand for combine harvesters, as scarcity of field labor compels farmers to use machinery for the purpose of harvesting. Agricultural automation is becoming more popular as an alternative for physical work since technology is more cost-effective, accessible, and productive.
The increase in agricultural labor wages is likely to raise demand for numerous farm technology in the country, notably combine harvesters. Farm mechanization is on the rise in order to enhance land use efficiency and crop productivity, which has fuelled the expansion of the global combine harvester market. Farmers with huge landholdings are the primary buyers of combine harvesters.
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Self-propelled Combine Harvester to Gain in Popularity and Dominate the Market
In agriculture, combined harvesters are employed to execute main activities such as winnowing, threshing, and reaping in a single process. Furthermore, based on power type, 300-450 HP combine harvesters are predicted to attract a big customer base due to a superior price-to-performance ratio and fewer maintenance requirements.
The self-propelled combine harvester segment is likely to dominate the market in the forthcoming years. Due to the growing popularity of self-propelled combine harvesters, the tractor mounted/PTO driven category is expected to see a decline in growth. Combine harvesters placed on tractors are often favoured for small farm areas (ranging in size from 1 to 10 acres). Tractor-mounted combine harvesters have the advantage of allowing farmers to utilize their tractors for other purposes during the remainder of the year.
North America to Remain at the Forefront of Market Development with High Adoption of Farming Machines
The shortage of manpower and growing labor prices in North America, along with the necessity to replace outdated machinery with modern equipment, is likely to drive the region to embrace new technologies to improve efficiency and better productivity of crops. In addition, due to their excellent operating efficiency, the unpredictable regional climate is pushing the demand for combine harvesters.
In North America, the US is likely to account for a dominant share of the global combine harvester market. Agriculture is a huge industry in the US, and automation is seen as a key factor in increasing production, sales, and exports. The developments in technology are estimated to lead to the deployment of combine harvesters in agricultural fields.
However, due to its excessive price tag, the implementation of agricultural equipment such as combine harvesters continues to be a challenge in various places across the globe, particularly in the developing and under-developed nations. To address these problems, governments in these nations are implementing policies aimed at improving farmers’ access to modern agricultural equipment.
In addition, the agriculture industry is quickly expanding. On a similar scale, farmers are employing contemporary technologies to complete harvesting operations in less time. This has had an even greater influence on overall agricultural yield, resulting in higher farm earnings.
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