460 units is the estimate by Power Systems Research of the number of agricultural harvesters to be produced in the U.S. during 2022.
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: With 48.5% of total units produced, Deere leads in production of Harvesters in the U.S. In second position is Oxbo International’s combined plant totals of 24%; third, is Flory with 10.5%.
Exports: Collectively, up to 1% worldwide.
Trends: In 2021, production of Harvesters in NA increased 13%. Production is expected to gain another 3% in 2022. The Ag industry has fluctuated in recent years and demand for new products declined a few years ago due to falling commodity prices. Farmers couldn’t afford new equipment and spent years refurbishing existing units.
Currently, it appears that growers are moving from hand to machine harvesting. They are increasingly using over-the-row mechanical harvesters to pick produce and like commodities. Especially during COVID times, this type of machinery reduces the need for manual labor during labor shortages. The increase in harvester production is also attributed to the desire for new machinery that increases productivity and profitability.
Expect production to fluctuate over the next 3-5 years with an increase of 5% by 2025. PSR
Carol Turner is Senior Analyst, Global Operations, at Power Systems Research
