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 | Nov 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
Annual Growth 10-15
Annual Growth 15-20
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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, a stronger US dollar and rising interest rates will negatively effect farm income leading to a decrease in demand for agricultural equipment over the next five years... purchase to read more

Industry Report - Industry SWOT Analysis Chapter

The Tractors and Agricultural Machinery Manufacturing industry is in the mature stage of its life cycle. Industry value-added (IVA), which measures the industry's contribution to the overall economy, is projected to stay constant at 0.0% in the 10 years to 2020. This is moderately less than the growth of US GDP, which is projected to increase at an annualized 2.2% in the next 10 years. The agricultural sector is flourishing and will continue to thrive as the world population increases. With more crops planted, demand for tractors and other machinery involved in their harvest will be strong. Increased automation is leading to a more efficient and profitable industry, but related cost increases in capital equipment have raised barriers to entry while reducing the need for human labor... purchase to read more


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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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