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 Analysis Chapter
The Tractors and Agricultural Machinery Manufacturing industry performed strongly over the past five years, although the period was not without its challenges. The industry's fortunes soured in 2009 when farmers put off purchasing new equipment due to weaker agricultural commodity prices, tight credit conditions and softening demand for rural produce. The consequences for industry manufacturers included lower domestic revenue and the need to streamline operations to retain profit margins. This was a stark contrast to the year prior when high crop prices, booming demand for ethanol and better-than-average climatic conditions boosted farm income and subsequently increased demand for tractors and other agricultural equipment... purchase to read more