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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 can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

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 - Starting a New Business Chapter

There are no licensing requirements, government regulations or resource constraints that are significant enough to prevent companies from entering the Tractors and Agricultural Machinery Manufacturing industry. Entering into the tractor and agricultural machinery market is very difficult due to its mature nature. The major players are reputable companies that have been established for decades. Their superior corporate and supply-chain management skills are top notch and new entrants will find it difficult to compete on the basis of price, service and reliability. The acquisition of manufacturing facilities fitted out with the materials required to manufacture agricultural equipment requires a large capital investment as well... 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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