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 | Jun 2014

Pulling its weight: Increasing demand and growing exports will moderately increase industry revenue

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
Annual Growth 09-14
Annual Growth 14-19
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Industry Analysis & Industry Trends

During the five years to 2014, the Tractors and Agricultural Machinery Manufacturing industry's involvement in trade has increased growth following recessionary declines. However, crop prices are expected to fall slightly, decreasing income for farmers and providing less money for equipment upgrades, which results in a decrease of revenue over the period. Over the five years to 2019, the improving economic conditions and rising farm income is expected to lead to increasing demand for agricultural equipment. Additionally, strong global demand and rising productivity in the emerging markets will increase revenue growth... purchase to read more

Industry Report - Industry Key Buyers Chapter

The Tractors and Agricultural Machinery Manufacturing industry exhibits a moderate level of competition. There are more than 1,000 companies in the industry, but the top four generate about half of all revenue. A high level of research and development expenditures, large economies of scale, extensive dealer networks and long-standing reputations make it difficult for new players to compete with the major operators. For example, CNH Industrial has undergone two significant mergers within the past five years, one with a Russian manufacturer Kamaz in 2010 and the second with Fiat Industrial in 2013. This consolidation signals the industry's path toward increasingly larger companies and greater market share concentration... 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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