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

The Report Covers Combine Harvester Manufacturers in India and the Market is Segmented by Type (Self-propelled Combine Harvester, Track Combine Harvester, and Tractor-Powered Combine Harvester).

India Combine Harvester Market Size

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India Combine Harvester Market Summary
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Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR 5.70 %
Market Concentration High

Major Players

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*Disclaimer: Major Players sorted in no particular order

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India Combine Harvester Market Analysis

The Indian combine harvester market size is estimated at USD 231.8 million in 2023 and is expected to reach USD 306.2 million by 2028, registering a CAGR of 5.7% during the forecast period (2023-2028).

The market for combined harvesters in India has proliferated over the past few years. This is due to the rising farm mechanization to raise agricultural productivity, the growing land area for the cultivation of grain crops, and the support from the government. According to the Indian Council of Agricultural Research (ICAR), in India, the harvesting and threshing operations for major cereals, pulses, oil seeds, millets, and cash crops, except rice and wheat, are nearly 32% mechanized. The mechanization levels of harvesting and threshing in rice and wheat crops are more than 60%. This shows increased use of combine harvesters for harvesting and threshing operations, supporting market growth.

The cultivation area under various crops has also risen over the recent years. For instance, according to the Directorate of Economics and Statistics, the total area for cultivating coarse cereals across India increased from 24.0 million hectares in 2020 to 24.1 million ha in 2021. This provides great opportunities for market entrants in the combine harvesters segment. Major agriculture machinery manufacturers are expanding their manufacturing facilities to increase the production of combine harvesters, which favors the market. For instance, in 2023, Mahindra & Mahindra Farm Equipment Sector (FES), a part of Mahindra Group, set up a farm machinery plant in Pithampur, Madhya Pradesh. The new plant is spread over 23 acres and can manufacture 1,200 combine harvesters annually.

India Combine Harvester Market Trends

High Cost of Farm Labor

Agriculture is a primary livelihood source for a large population group. As per the Indian Economic Survey 2020 -21, agriculture employs nearly 40% of the Indian workforce. The rise in urbanization trends observed in the country results from the expanding population. According to the World Bank data, urbanization increased from 34.9% to 35.3% from 2020 to 2021. This resulted in the migration of rural households to the nearby cities, leading to the scarcity of farm labor in the country. For instance, the workforce employed in agriculture dropped from 44.3% to 43.9% from 2020 to 2021, as per the World Bank data. The agricultural industry of the country heavily relies on manual labor, and the decreasing workforce in agriculture has led to major challenges in performing farming operations such as harvesting. As a solution to this problem, advanced harvesting machinery has become increasingly popular for performing these agricultural operations effectively and efficiently.

India Combine Harvester Market: Average Daily Wages in USD, Field Labor (Male and Female), India, 2018-2020

Increasing Consumption of Grain Crops

Cereals are an integral part of Indian cuisine, and the country is one of the largest producers and consumers of cereals and grains. The area harvested from cereals and grains is increasing in the country. For instance, according to FAOSTAT, the area harvested under cereals rose from 100 million hectares in 2020 to 102 million hectares by 2021. As combines are mainly used for cereals, the usage of these equipment is increasing, driving the market growth. Combine harvesters reduce farmers' dependency on laborers and save time, making harvesting more accessible and hassle-free and becoming one of the most valuable implements for Indian farmers. Therefore, the increasing availability of area harvested under grain crops, coupled with government initiatives and the launch of grain harvester products, is anticipated to propel the market growth during the forecast period.

India Combine Harvester Market: CAGR (%), By Type, 2023-28

India Combine Harvester Industry Overview

The Indian combined harvester market is consolidated. Claas India, Preet Group, Kubota Corporation, Mahindra & Mahindra Ltd, and Kartar Agro Industries Private Limited are the major market players. Companies compete based on product quality and promotion and focus on strategic initiatives to account for prominent market shares. They are also heavily investing in developing new products while collaborating with and acquiring other companies, which may increase their market shares while strengthening their R&D activities.

India Combine Harvester Market Leaders

  1. Claas India

  2. Preet Group

  3. Kartar Agro Industries Private Limited

  4. Mahindra & Mahindra Ltd

  5. Kubota Corporation

*Disclaimer: Major Players sorted in no particular order

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India Combine Harvester Market News

  • August 2023: Mahindra & Mahindra Ltd (M&M Ltd) launched a new wheel harvester under the Swaraj brand in the domestic market. Swaraj 8200 Wheel Harvester provides maximum harvesting acreage in a year with best-in-class grain quality and maximum profit.
  • November 2022: Mahindra & Mahindra Farm Equipment Sector (FES), a part of the Mahindra Group, inaugurated its first dedicated farm machinery plant (non-tractor) in Pithampur, Madhya Pradesh. The new plant is spread over 23 acres and can manufacture 1,200 combined harvesters annually.
  • June 2022: The Andhra Pradesh government flagged off the state-level mega distribution of equipment, including combined harvesters, under the YSR Yantra Seva Pathakam Scheme.

India Combine Harvester Market Report - Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions and Market Definition

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

      1. 4.2.1 High Cost of Farm Labors

      2. 4.2.2 Increasing Consumption of Grain Crops

    3. 4.3 Market Restraints

      1. 4.3.1 High Cost of Combine Harvesters

      2. 4.3.2 Small and Fragmented Land Holdings

    4. 4.4 Industry Attractiveness - Porter's Five Forces Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Buyers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Type

      1. 5.1.1 Self-propelled Combine Harvester

      2. 5.1.2 Track Combine Harvester

      3. 5.1.3 Tractor-powered Combine Harvester

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Most Adopted Strategies

    2. 6.2 Market Share Analysis

    3. 6.3 Company Profiles

      1. 6.3.1 PREET Group

      2. 6.3.2 John Deere India Pvt. Ltd

      3. 6.3.3 CLAAS India

      4. 6.3.4 Tractors and Farm Equipment (TAFE) Ltd

      5. 6.3.5 Mahindra Tractors

      6. 6.3.6 Kubota Agricultural Machinery India Pvt. Ltd

      7. 6.3.7 Dasmesh Group

      8. 6.3.8 Balkar Combines

      9. 6.3.9 Kartar Agro Industries Pvt. Ltd

      10. 6.3.10 Sonalika Group

    4. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability
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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 in USD for all the abovementioned segments.

By Type
Self-propelled Combine Harvester
Track Combine Harvester
Tractor-powered Combine Harvester
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India Combine Harvester Market Research FAQs

The India Combine Harvester Market is projected to register a CAGR of 5.70% during the forecast period (2024-2029)

Claas India, Preet Group, Kartar Agro Industries Private Limited, Mahindra & Mahindra Ltd and Kubota Corporation are the major companies operating in the India Combine Harvester Market.

The report covers the India Combine Harvester Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the India Combine Harvester Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

India Combine Harvester Industry Report

Statistics for the 2024 India Combine Harvester market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. India Combine Harvester analysis includes a market forecast outlook to for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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