Market Size of Vietnam Combine Harvester Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 135.35 Billion |
| Market Size (2029) | USD 237.49 Billion |
| CAGR (2024 - 2029) | 11.90 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Vietnam Combine Harvester Market Analysis
The Vietnam Combine Harvester Market size is estimated at USD 135.35 billion in 2024, and is expected to reach USD 237.49 billion by 2029, growing at a CAGR of 11.90% during the forecast period (2024-2029).
The overall population of combine harvesters in Vietnam was 751 units during 2018. Around 90% of the combine harvesters sold in Vietnam are imported, with only 10% being domestically produced. Although the combine harvesters produced domestically have improved to a large extent, most farmers still prefer imported combine harvesters. The main reason for this is the high quality and durability of the imported machines. The major factor that is expected to augment the demand for combine harvesters is growth in the urban population and industrialization, which has led to a shortage in farm labor, thus pushing the farmers to employ machinery for harvesting.
