Industry Analysis & Industry Trends
Operators in the Tractors and Agricultural Machinery Manufacturing industry manufacture vehicles and equipment for use in agriculture and landscaping. In the five years to 2015, industry revenue has increased from its low point during the recession. Low interest rates have encouraged investment in new agricultural machinery. In the coming years, improving economic conditions and rising farm income will lead to increased demand for agricultural equipment over the next five years, recovering from a small slump in 2014 and 2015... purchase to read more
Industry Report - Industry Locations Chapter
IBISWorld estimates that industry activity is concentrated in the Plains, Southeast and Great Lakes regions. Since about two-thirds of production is destined for the domestic market, agricultural activity is a primary determinant of the industry's geographical concentration.
The Plains region accounts for the majority (31.0%) of industry establishments. This region is the largest producer of field crops in the United States, and it includes Iowa, Kansas and Minnesota. The top four US field crops are corn, soybeans, wheat and hay. Accordingly, the Plains region accounts for about half of total corn production, 46.0% of total soybean production, 37.7% of total wheat production and 23.0% of total hay production... purchase to read more