Combine harvesters are a multifunctional machine that helps to harvest a variety of grain crops efficiently. Threshing, winnowing, and reaping are the preliminary operations performed in myriad agricultural processes. Nowadays, the trend for harvesting equipment is rising owing to reduction in workforce and the need for quick harvesting operations. Thus, combine harvesters are witnessing heightened demand, underpinned by the ongoing expansion in the agriculture sector. Furthermore, various governments worldwide have introduced many convenient policies with regard to farm mechanization, thereby creating avenues for combine harvesters market. Farmers have also begun upgrading their machinery & tools to keep up with the surging demand for agricultural products. This has necessitated the use of the combine harvesters and is likely to push the global combine harvesters’ market growth to over 3% between 2020 and 2026.
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Key Segments of Combine Harvesters Market
Fact.MR’s study on the combine harvesters market offers information divided into four important segments – power, mechanism, grain tank size, and regional analysis. This report offers comprehensive data and information about important market dynamics and growth parameters associated with these categories.
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Renowned Players are Adopting Novel Strategies to Attract a Large Consumer Base
The existence of numerous large and mid-sized companies has led to a fragmented market structure. The market players are continuously seeking opportunities for refining their production techniques and enhancing efficiency & innovation.
Several market players are adopting novel strategies for installing new production plants. Additionally, prominent players are eyeing the acquisition of smaller players that possess technological innovation but less resources, to spur production capacity and expand their product portfolio.
Vendor operations are likely to face significant risks on the back of intense market competition and rapid technological transformations.
Key competitors in the global combine harvesters market includes Caterpillar, Deere & Company, Tractors, and Farm Equipment Limited, Kubota Corporation, AGCO Corporation, Claas KGaA GmbH, New Holland, Mahindra and Mahindra, Escorts Limited, Bobcat (a Doosan company), Case IH, KIOTI Tractor (subsidiary of Daedong Industrial Company, Ltd.), Yanmar America Corporation, JCB, and MASSEY FERGUSO.