The US tractor and Combine Harvester Market is Driven by Technological Advancements, Increasing Competition, Rising Wages of Farmers and New Government Initiatives: Ken Research REQUEST FOR SAMPLE REPORT Buy Now Request For sample Report × Report Title Name Email Designation Phone No Comapny Name Comapny URL Country -- Please Select Your Country -- Afganistan Africa Albania Algeria Andorra Angola Anguilla Antigua and Barbuda Argentina Armenia Aruba Asia Australasia Australia Austria Azerbaijan Bahamas Bahrain Bangladesh Barbados Belarus Belgium Belize Benin Bermuda Bhutan Bolivia Bonaire Bosnia Herzegovina Botswana Brazil BRICS British Virgin Islands Brunei Darussalam Bulgaria Burkina Faso Cambodia Cameroon Canada Cape Verde Cayman Islands Central African Republic Central and South America Chad Chile China Colombia Comoros Congo Costa Rica Cote d'Ivoire Croatia Cuba Curacao Cyprus Czech Republic Denmark Djibouti Dominica Dominican Republic Ecuador Egypt El Salvador Equatorial Guinea Eritrea Estonia Ethiopia Europe European Union Falkland Islands Faroe Islands Fiji Finland France French Guiana French Polynesia Gabon Gambia Georgia Germany Ghana Gibraltar Global Great Britain Greece Greenland Grenada Guadeloupe Guam Guatemala Guerney & Alderney Guinea Guinea-Bissau Guyana Haiti Honduras Hong Kong Hungary Iceland India Indonesia Iran Iraq Ireland Isle of Man Israel Italy Ivory Coast Jamaica Japan Jersey Jordan Kazakhstan Kenya Kiribati Kosovo Kuwait Kyrgyzstan Laos Latvia Lebanon Lesotho Liberia Libyan Arab Jamahiriya Liechtenstein Lithuania Luxembourg Macao Macau Macedonia Madagascar Malawi Malaysia Maldives Mali Malta Man (Island of) Marshall Islands Martinique Mauritania Mauritius Mayotte Mexico Micronesia Middle East Minnesota Moldova Monaco Mongolia Monserrat Montenegro Morocco Morroco Mozambique Myanmar Namibia Nepal Netherlands New Caledonia New Zealand Nicaragua Niger Nigeria Niue North America North Korea Norway Oman Pakistan Palau Palestine Panama Papua New Guinea Paraguay Peru Philippines Poland Portugal Puerto Rico Qatar Reunion Romania Russia Rwanda Saint Helena Saint Lucia Saint Martin Saint Pierre and Miquelon Saint Vincent and the Grenadines Samoa Samoa (American) San Marino Sao Tome and Principe Saudi Arabia Scandinavia Senegal Serbia Seychelles Sierra Leone Singapore Sint Maarten Slovakia Slovenia Solomon (Islands) Somalia South Africa South Korea South Sudan Spain Sri Lanka Sudan Suriname Svalbard and Jan Mayen Islands Swaziland Sweden Switzerland Syria Taiwan Tajikistan Tanzania Thailand Timor Leste Togo Tonga Trinidad and Tobago Tunisia Turkey Turkmenistan Turks and Caicos Islands Uganda Ukraine United Arab Emirates United Kingdom United States Uruguay Uzbekistan Vanuatu Vatican City Venezuela Vietnam Virgin Islands Western Sahara Yemen Zambia Zimbabwe Requirement Submit Analysts at Ken Research in their latest publication “US Tractor and Combine Harvesters Market Outlook to 2024 – By Tractor Type (2WD and 4WD), By Tractor HP (<40 HP, 40-100 HP and >100 HP) and By Combine Harvester HP (Upto 250 HP, 250-350 HP and Above 350 HP)” believe that focusing towards incorporating new and advanced technologies within the equipment, sale of high efficiency combine harvesters, manufacturing fuel efficient equipment, providing after sales as well as financial services and focusing towards an extensive distribution network are some of the factors which are collectively going to help the market register a positive CAGR of 5.1% in terms of sales volume of tractors within US during the forecasted period 2019–2024. “Increase in wagers of farmers coupled with advances in mechanization over the years has led to rise in demand for automated machines which would feed the increasing consumer demand for agriculture related products in the US”. Market Demand: The US tractor market has shown steady growth in terms of sales value for the review period 2014-2018. However, there demand reduced for high HP tractors which led to lower sales of these tractors in the country. On the other hand combine harvesters have been suffered from decline both in terms of sales value and sale volume throughout the review period 2014-2018. It can be attributed to factors such as reduced commodity prices, weakening farm income and consumers shifting towards second hand agriculture equipment. However in 2017 and 2018 the market was observed to be recovering owing to farm income revival and introduction of agriculture equipment financing in the country. Major operations are conducted by three types of entities namely, domestic OEMs, international OEMs and distributors. A multitude of new business strategies were adopted by major players including new product launches, better marketing strategies and more focus towards after sale services in order to improve their overall sales value and volume within the market. Extending Government Support: The US Department of Agriculture – USDA runs over 60 direct and indirect aid programs for farmers. Most of the direct aid goes to the farmers of a handful of crops such as corn, soybeans and wheat which eventually led to the market recovery. Major types of subsidies include insurance, agriculture risk coverage, price loss coverage, conservation programs, marketing loans, disaster aid, research and other support. Technological Advancement: Majority of domestic OEMs in the US were observed to introduce tractors as well as combine harvesters with technologies such as GPS sensors and remote monitoring. Technological aspect plays a major role in terms of sales as better technology makes them more efficient and productive. Market Dominance: Domestic OEMs such as John Deere established itself as market leader. The dominance of these players is majorly because of the trust and brand value attached with these players thus, making it difficult for domestic / local manufacturers to establish themselves. The major competing parameters for the entities include access of distribution and dealership network, price of the products offered, after sales services and digitalization in the equipments. Apart from that, the shift towards digital farming and its growing adoption is likely to drive competition in this particular market in the near future. Key Segments Covered By Tractor Type Two-Wheel Drive (2WD) Four-Wheel Drive (4 WD) By Tractor HP 40 HP 40-100 HP Above 100 HP By Combine Harvesters HP Up to 250 HP 250-350 HP Above 350 HP Key Target Audience Existing Agricultural Equipment Companies New Market Entrants- Domestic OEMs New Market Entrants- Foreign OEMs Agricultural Equipment Financing Companies Government Bodies Investors & Venture Capital Firms Agricultural Equipment Manufacturers Agricultural Equipment Distributors Agricultural Equipment Associations Time Period Captured in the Report: Historical Period: 2014 -2018 Forecast Period: 2019-2024 Companies Covered: John Deere New Holland AGCO Mahindra Kubota CaseIH Claas Gleaner Massey Ferguson Other Players (Kioti, Yanmar, Zetor, Ventrac, Farmtrac, Deutz Fahr, Challenger, International Harvester, MacDon and Colombo) Key Topics Covered in the Report Executive Summary Research Methodology US Agriculture Equipment Market Value Chain Analysis US Agricultural Equipment Market Overview US Agriculture Equipment Market Ecosystem US Tractor Market US Combine Harvester Market Regulatory Framework in US Agricultural Equipment Market Customer Profiling in US Agriculture Equipment Market US Agriculture Equipment Second hand Market Comparative Landscape in US Agriculture Equipment Market For more information on the research report, refer to below link: US Tractor and Combine Harvesters Market Related reports Philippines Agricultural Equipment Market Outlook to 2023- By Product Type (Tractors, Combine Harvesters, Planters, Seeders and Tillage Equipments and Tillage Equipment), By Tractor Segment (Upto 60 Hp, Between 61-130 Hp and above 130 Hp), By Production (Imported and Domestically Manufactured) and By Region (Luzon, Visayas and Mindanao) Brazil Agricultural Equipment Market Outlook to 2023 – By Product Type (Tractors, Combine Harvesters, Tillage Equipment, Precision Farming Equipments, Planters & Seeders and Others), By Domestic Production & Imports and By Region (South, North, Midwest and Mideast) Contact Us: Ken Research Ankur Gupta, Head Marketing & Communications Ankur@kenresearch.com +91-9015378249 Tags: AGCO Tractor and Combine Harvesters Market, Agriculture Equipment Application Maize, Agriculture Equipment Application Soybean, Agriculture Equipment Application Wheat, Agriculture Equipment Product Competition, Best Seller Tractor US, Challenges US Agriculture Equipment, CNH Tractor and Combine Harvesters Market, Combine Harvesters Market Size US, Combine Harvesters Sales Analysis US, Competition Analysis Agriculture Equipment Market, Customer Pain Points Agriculture Equipment Market, Future US Agriculture Equipment, Government Licenses for Agriculture Machinery Analysis, John Deere Tractor US, Major Combine Harvester Type US, Major Players US Agriculture Equipment, Major Players US Agriculture Equipment market, Major Trends US Agriculture Equipment, Regulations Agriculture Equipment, SWOT Analysis US Agriculture Equipment, Tractor and 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