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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 | Jan 2015

Pulling its weight: Continued demand for crops will generate moderate demand for the industry

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
$41bn
Annual Growth 10-15
1.5%
Annual Growth 15-20
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Profit
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Employment
74,743
Businesses
1,180
Industry Analysis & Industry Trends

The Tractors and Agricultural Machinery Manufacturing industry has performed well over the five years to 2015, due to the economic recovery and above-average performance of the agricultural sector in the early part of this five-year period. Favorable interest rates, which were set by the federal government to spark investment, gave farmers incentive to finance new equipment. In the coming years, continued demand for crops will generate moderate demand for agricultural machinery. Industry operators are projected to benefit from resurgent demand for tractors and other machinery in South America and Asia... purchase to read more

Industry Report - Industry Products Chapter

While tractor and agricultural machinery manufacturers generally do not see much revenue from customer service and support activities, they remain an integral part of the industry's business model. The crucial nature of the products this industry creates and supplies dictates end users be adept and confident when using them. For example, if a farmer fails to properly connect a new tractor model to an older piece of machinery, harvest efficiency could affect that farmer's bottom line. Consequently, the major players in this industry make a point of mentioning their customer service and support options, many of which are accessible online, over the phone and in print means... 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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