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Tractors & Agricultural Machinery Manufacturing in the US: Market Research Report

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

Tractors & Agricultural Machinery Manufacturing Market Research Report | NAICS 33311 | Oct 2014

Pulling its weight: Steady demand and growing exports will moderately increase revenue

IBISWorld’s Tractors & Agricultural Machinery Manufacturing 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
Industry Statistics & Market Size
Revenue
$42bn
Annual Growth 09-14
3.9%
Annual Growth 14-19
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Profit
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Employment
75,489
Businesses
1,190
Industry Analysis & Industry Trends

The Tractors and Agricultural Machinery Manufacturing industry has performed well over the past five years due to the economic recovery and above-average performance of the agricultural sector. Favorable interest rates, which were set by the federal government to spark investment, gave farmers incentive to finance new equipment, boosting revenue for industry operators. Furthermore, the industry has been lifted by increased use of technology in farming and rising agricultural investment in the emerging economies of Asia and South America. In the next five years, continued demand for agricultural products will generate demand for industry products, although resulting growth will be tempered by rising interest rates, which will discourage farmers from making capital investments... purchase to read more

Industry Report - Industry Investment Chapter

The manufacturing process requires large amounts of capital in the form of plants and equipment. An indication of the capital intensity required by the industry is given by the ratio of capital costs to labor costs. Using wages as a proxy for labor and depreciation as a proxy for capital, IBISWorld analysis reveals that the Tractors and Agricultural Machinery Manufacturing industry has a medium level of capital intensity. For every dollar spent on labor, $0.14 will be spent on equipment.

Most manufacturing processes involve repetitive actions that may be automated to increase production speed and efficiency. Automated production lines rely upon computer technology and hydraulic robotic equipment to assemble agricultural implements... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Tractors & Agricultural Machinery Manufacturing Industry?

Industry operators manufacture agricultural machinery and equipment and powered home lawn and garden equipment. Key agricultural equipment includes tractors, harvesting and seeding machinery and other hardware such as grinders, mixers, wool presses and windmills.

Industry Products
Harvesting machineryAll other tractors and agricultural machinery and attachmentsParts sold separatelyHaying machinery and attachmentsPlanting, seeding and fertilizing machinery and attachmentsDairy farm equipment, sprayers, dusters, blowers and attachments
 
Industry Activities
Manufacturing farm tractors and attachments Manufacturing harvesting equipment and machinery Manufacturing irrigation equipment Manufacturing seeders Manufacturing sprayers and spreaders Manufacturing windmillsManufacturing powered agricultural mowersManufacturing livestock feeding and watering equipment


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