Combine Harvester Manufacturing
The Combine Harvester Manufacturing industry benefited from the improving economy over the past five years; low interest rates encouraged farmers, who postponed large purchases during the recession, to invest in farming equipment beginning in 2010. Additionally, the healthy price of cash crops, such as corn and soybeans, further allowed farmers to increase their investment in agricultural equipment. As a result, industry revenue is expected to increase over the next five years. Despite favorable growth over the five-year period, the industry is set to struggle in 2016. The agricultural price index, which represents prices received by farmers for all US agricultural products, is set to decrease.In the five years to 2021, expected price declines for crops will continue to generate low demand for agricultural machinery and revenue is expected to decline.
This industry manufactures combine harvesters. Combines, also known as threshers, combine the tasks of harvesting, threshing and cleaning grain crops. They are primarily used in the harvesting of field crops, but also small fruits and other food crops. This industry excludes hay and straw combine harvesters.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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