DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/qg3538/combine_harvester) has announced the addition of the "Combine Harvester Market in the US 2015-2019" report to their offering.
The Combine Harvester market in the US to grow at a CAGR of 3.95% and 0.85% in terms of value and unit shipments, respectively, during the period 2014-2019
The report, Combine Harvester Market in US 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Combine Harvester market landscape in the US and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
Use of high-power machines is a key trend emerging in this market. Market vendors will introduce machines offering better performance and efficiency in agricultural processes. The higher is the hp, the better is the performance. High hp enables the farmer to finish complex tasks in less amount of time.
According to the report, demand for agricultural products, domestically and worldwide, has increased in the US. This stems from the rise in global population and increase in per capita consumption. Need for advanced technologies that speed up the farming process has increased because farmers are striving to adopt new powerful harvesters to keep pace with the growing demand for food.
Further, the report states that Demand for agricultural machineries in the country has declined because of reduction in number of farms, deterioration in exports, and less government support. Dwindling exports and restriction of tax incentives have reduced demand for agricultural machinery, especially for large models. This has also led to weakening of farm income.
The Combine Harvester market in the US is divided into the following segments based on the type of harvester:
- CNH Industrial
- Deere and Company
Other Prominent Vendors
- Pickett Equipment
For more information visit http://www.researchandmarkets.com/research/qg3538/combine_harvester