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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 is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

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 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

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

 


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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