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 current five-year period. 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 companies in terms of revenue and employment. Therefore, the top four participants in this industry account for about 5.0% of revenue, combined. Nonemployer companies make up about 90.0% of industry enterprises. Furthermore, more than four-fifths of employer companies in this industry have fewer than 20 employees.
Consolidation has been concentrated in specific segments of the industry where economies of scale can be realized. Cotton ginners and fruit and vegetable packing houses are among those industry players most likely to take advantage of increased size to generate cost savings through large-scale production... purchase to read more