The 6,300 units is the estimate by Power Systems Research of the number Combines to be produced in the U.S. in 2020.
This information comes from industry interviews and 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: John Deere leads in the production of Combines in the U.S. with 59% of the total units manufactured. In second position is Case with 29%. Third, is Class with 6%.
Exports: Collectively, up to 30% worldwide.
Trends: In 2019, production of combines in North America decreased 7%. Production in 2020 is forecasted to remain flat with a nominal drop of 1%. Despite COVID-19, combine manufacturers expect to see an increase in sales due to the introduction of new equipment.
A few years ago, farmers were reluctant to buy or trade in pricey equipment because of low commodity prices. For instance, in 2017, production and purchases of new combines rebounded as portrayed in production figures. The gain can be attributed to an increase in commodity prices such as corn and soybeans that peaked in 2013/2014.
According to industry reports such as AEM, export sales to Canada decreased 19% in 2019. Expect production to remain flat with a possible gain of 5% by 2025. PSR
Carol Turner is Senior Analyst, Global Operations, at Power Systems Research
