India Combine Harvester Market Size

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.