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Crop Services in the US: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Crop Services Market Research Report | NAICS 11511 | Apr 2015

Small harvest: Crop production is expected to decrease, loosening industry demand

IBISWorld’s Crop Services market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

Report Snapshot
Market Share of Companies
There are no companies with a dominant market share
Industry Statistics & Market Size
Revenue
$14bn
Annual Growth 10-15
0.7%
Annual Growth 15-20
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Profit
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Employment
124,094
Businesses
59,468
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 SWOT Analysis Chapter

The agricultural sector is well established within the US economy. Consequently, crop service providers are in the same position. The Crop Services industry is mature, contributing a steady value to overall US economy growth. During the 10 years to 2020, IBISWorld forecasts that industry value added (IVA), a measure of an industry's contribution to the economy, will grow at an average annual rate of 0.4%. Meanwhile, GDP is expected to grow 2.5% per year on average during the same period. Although the industry's IVA is projected to have a fast growth rate in comparison with GDP, crop farming and, therefore, the need for crop services, is consistently growing to meet global needs... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Crop Services Industry?

Establishments in this industry provide support activities for growing crops. Some examples of these support activities include cotton ginning, soil treatment, crop planting and harvesting. Almost all US farmers, including cotton, wheat, corn and fruit growers, purchase from this industry at some level.

Industry Products
Cotton ginningSoil preparation, planting and cultivatingCrop harvesting by machinePost-harvest crop activitiesFarm labor contractors and crew leadersFarm management services
 
Industry Activities
Cotton ginningSoil preparation, planting and cultivatingPost harvest crop activities (except cotton ginning)Crop harvesting, primarily by machineFarm labor contractors and crew leadersFarm management services


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