London, 18 February 2015: TechNavio, the independent tech-focused global research firm, has published a report on the Combine Harvester Market in the US 2015-2019, which is forecast to grow at a CAGR of 3.95 percent and 0.58 percent in terms of revenue and unit shipment, respectively, during 2014-2019.
“Vendors are manufacturing combine harvesters with capacities that match the growing yields, thereby increasing overall efficiency,” says Faisal Ghaus, Vice President of TechNavio.
“Vendors are investing more on innovations to manufacture combine harvesters with higher capacity to increase the harvest of the crop, which is expected to drive the growth of the Combine Harvester market in the US during the forecast period.”
Key Market Drivers
- Increased Demand for Agricultural Products
- Increased Demand from Large Farms
- Lack of Skilled Workforce
- Low Harvest Windows
Key Market Trends
- High-power Machines
- High Capacity of Combine Harvesters
- Functional Enhancements
- Development of Precision Farming Systems
Key Market Vendors
- AGCO Corp.
- CNH Industrial Capital LLC
- Deere & Co.
To define the market circumstances in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
