Industry Analysis & Industry Trends
The Crop Service industry's performance is the aggregate result of many different types of industry operators. Despite slow growth in the industry's largest market segment, fruit and vegetable farming, revenue has increased moderately over the five years to 2015. In the coming years, due to falling crop prices and decreasing planted acreage, crop production is expected to decrease, loosening demand for crop services. Nevertheless, as interest rates increase, farmers will be less inclined to invest in their own machinery, preferring to outsource to industry operators... purchase to read more
Industry Report - Industry Key Buyers Chapter
The Crop Services industry is highly fragmented and characterized by the presence of many small firms, in terms of revenue and employment. As such, the top four participants in this industry account for about 5.0% of revenue, combined. Nonemployer firms make up about 90.0% of industry enterprises. Furthermore, more than four-fifths of employer firms in this industry have fewer than 20 employees.
The figures, however, differ across the various segments of this industry. In the post-harvest activities segment, 4.5% of firms have more than 500 employees, while only 0.2% of firms in the soil preparation segment have more than 500 employees.
Consolidation has been concentrated in specific segments of the industry where economies of scale can be realized... purchase to read more