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India Combine Harvester Market Size (2024 - 2029)

The Indian combine harvester market has experienced significant growth, driven by increased farm mechanization aimed at enhancing agricultural productivity and expanding cultivation areas for grain crops. Government support and rising mechanization levels, particularly in harvesting and threshing operations for various crops, have further bolstered the market. The cultivation of coarse cereals and other crops has created opportunities for market entrants, while major agricultural machinery manufacturers are expanding production capabilities to meet the growing demand, contributing to the overall market expansion.

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Market Size of India Combine Harvester Industry

India Combine Harvester Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
Market Size (2024) USD 217.10 Million
Market Size (2029) USD 308.20 Million
CAGR (2024 - 2029) 3.40 %
Market Concentration High

Major Players

India Combine Harvester Market Major Players

*Disclaimer: Major Players sorted in no particular order

India Combine Harvester Market Analysis

The India Combine Harvester Market size is estimated at USD 217.10 million in 2024, and is expected to reach USD 308.20 million by 2029, at a CAGR of 3.40% during the forecast period (2024-2029).

  • Indian Council of Agricultural Research (ICAR), in India, harvesting and threshing operations for major cereals, pulses, oil seeds, millets, and cash crops (excluding rice and wheat) are nearly 32% mechanized. Notably, mechanization levels for harvesting and threshing in rice and wheat exceed 60%. This trend emphasizes the growing adoption of combine harvesters, which streamlines harvesting and threshing, bolstering market expansion.
  • Additionally, the area under cultivation of various crops has been rising during the study period. For instance, according to the FAOSTAT Statistics, the total area for cultivating coarse cereals across India increased from 95.1 million hectares in 2019 to 99.6 million hectares in 2022. This seems like a great potential for combine harvesters.
  • Throughout the study period, prominent brands such as Preet 987, Mahindra Arjun 605, Kartar 4000, Dasmesh 9100 Self Combine Harvester, New Holland TC5.30, and Kubota HARVESTING DC-68G-HK have established a significant presence in the country. The rising adoption of these combines in India can be largely attributed to a notable shortage of farm labor.
  • The Indian government extends subsidies on various agricultural inputs, including machinery. In 2022, under the Chief Minister’s Samagra Gramya Unnayan Yojana (CMSGUY) — a scheme by the Assam Government aimed at village development — two farmer-producer companies (FPCs) in Assam's Chirang District were granted combined harvester machinery at a remarkable 90% subsidized rate. Such initiatives, making combined harvester machinery more accessible through subsidies, are poised to amplify their adoption and further fuel market growth.

India Combine Harvester Industry Segmentation

A combine harvester is an agricultural machine used to harvest different kinds of crops by simultaneously reaping, threshing, and winnowing. The India Combine Harvester Market is segmented by type into self-propelled, track, and tractor-powered combine harvesters. The market sizing has been done in value terms (USD) for all the abovementioned segments.

Type
Self-propelled Combine Harvester
Track Combine Harvester
Tractor-powered Combine Harvester
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India Combine Harvester Market Size Summary

The Indian combine harvester market has experienced significant growth in recent years, driven by increased farm mechanization aimed at boosting agricultural productivity and expanding cultivation areas for grain crops. Government support and initiatives have further propelled this growth, with a notable rise in the mechanization of harvesting and threshing operations, particularly for major crops like rice and wheat. The expansion of urbanization and the resulting labor shortages in rural areas have also contributed to the growing reliance on advanced harvesting machinery, making combine harvesters an essential tool for Indian farmers. This trend is supported by the increasing area harvested under cereals and grains, which are a staple in Indian cuisine and a significant part of the country's agricultural output.

The market is characterized by a consolidated landscape with key players such as Claas India, Preet Group, Kubota Corporation, Mahindra & Mahindra Ltd, and Kartar Agro Industries Private Limited. These companies compete on product quality and strategic initiatives, including collaborations and acquisitions, to enhance their market presence and drive innovation. Recent developments, such as Mahindra & Mahindra Ltd's launch of a new wheel harvester and the establishment of a dedicated farm machinery plant, underscore the ongoing investment in expanding production capabilities and introducing advanced agricultural machinery. These efforts, coupled with government schemes like the YSR Yantra Seva Pathakam, are expected to sustain the market's growth trajectory in the coming years.

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India Combine Harvester Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Overview

    2. 1.2 Market Drivers

      1. 1.2.1 Need to Enhance Crop Production

      2. 1.2.2 Increase In Government Support

      3. 1.2.3 Demand for Farm Mechanization

    3. 1.3 Market Restraints

      1. 1.3.1 High Cost of Combine Harvesters

      2. 1.3.2 Small and Fragmented Land Holdings

    4. 1.4 Industry Attractiveness - Porter's Five Forces Analysis

      1. 1.4.1 Bargaining Power of Suppliers

      2. 1.4.2 Bargaining Power of Buyers

      3. 1.4.3 Threat of New Entrants

      4. 1.4.4 Threat of Substitute Products

      5. 1.4.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION

    1. 2.1 Type

      1. 2.1.1 Self-propelled Combine Harvester

      2. 2.1.2 Track Combine Harvester

      3. 2.1.3 Tractor-powered Combine Harvester

India Combine Harvester Market Size FAQs

The India Combine Harvester Market size is expected to reach USD 217.10 million in 2024 and grow at a CAGR of 3.40% to reach USD 308.20 million by 2029.

In 2024, the India Combine Harvester Market size is expected to reach USD 217.10 million.

India Combine Harvester Market Report Snapshots

India Combine Harvester Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)