The value of the grain machinery market is estimated to have been $0.4 billion in 2016 in the United States; IHS Markit forecasts it to grow with 2.0% CAGR from 2016 to 2021.
The US is the largest cultivator of corn and its grain farming includes more than 5 million farms in the country, where corn competes against crushed oilseed as a livestock food source. US grain farms also include oilseed and vegetable crops, and the farmers tend to plant and harvest crops with the highest yield and payout. The US market for grain processing machineries is divided into two main product types: grain harvesting machineries and crop harvesting machineries.
The demand for grain processing machineries in the US is driven by government policies and consumer trends in eating habits. The United States Department of Agriculture (USDA) provides official marketing standards for grains and oilseeds, which require exported grains such as corn, mixed grains, oats, canola, barley, rye, sunflower seed, wheat, etc. be officially inspected and weighed. These standards are established under the United States Grain Standards Act.
