2019 US Production Forecast to Climb 2%
6800 Units
This information originally appeared in the July 2019 issue of PowerTALK.
By Carol Turner, Senior Analyst, Global Operations
This is the estimate by Power Systems Research of the number of Combines that will be produced in the United States during 2019. Estimated 2019 production will be up nearly 2% from 2018.
In 2018, production was 6846 units, down 485 units or 6.6% from 2017.
This information comes from two proprietary databases maintained by Power Systems Research: EnginLink™ , which provides information on engines, and OE Link™, a database of equipment manufacturers.
Market Share: With 60% of the total units produced, John Deere captured the lead for Combine production in North American. In second position is Case & New Holland branded combines/harvesters with 29%.
Exports: Collectively up to 60% worldwide
Trends: In 2019, production is forecasted to remain flat from 2018 with a nominal gain of ½%. In recent years, demand for new equipment has dropped significantly. Farmers have been reluctant to buy or trade in pricey equipment because of lower commodity prices.
In 2017, production and purchases of new combines rebounded as portrayed with the gain in overall production figures. The gain can be attributed to an increase in commodity prices such as corn and soybeans.
Expect production to remain flat possibly with a small gain up to 2025. PSR
