Industry Analysis & Industry Trends
The industry's reliance on trade has buoyed growth following recessionary declines. An improving economy and rising farm incomes will increase demand for farming equipment. In addition, as agricultural investment in South America and Asia increases, export demand for tractors is expected to rise and boost revenue over the next five years... 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