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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 | May 2015

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

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
$45bn
Annual Growth 10-15
3.3%
Annual Growth 15-20
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Profit
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Employment
74,743
Businesses
1,180
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

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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