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 2016

Reap what you sow: Steady demand for crops will cultivate moderate industry growth

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
Annual Growth 11-16
Annual Growth 16-21
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Industry Analysis & Industry Trends

The Tractors and Agricultural Machinery Manufacturing industry has struggled over the past five years. Despite above-average performance of the agricultural sector in the early part of the period, the industry has been in decline since 2014. Lower demand for agricultural equipment and currency headwinds have contributed to lower revenue and margins for farmers, who as a result, have reduced purchases in 2013 and 2014. In the five years to 2021, demand for crops will continue to generate low to moderate demand for agricultural machinery. Industry operators are projected to benefit from growing demand for tractors and other machinery in South America and Asia because of their growing agricultural economy and population... 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. The employee-to-enterprise ratio, which measures workforce growth or decline per enterprise, has decreased from 59.2/enterprise in 2011 to 53.7/enterprise in 2016. Additionally, the revenue-enterprise ratio, which measures top-line performance by number of operating enterprises, has declined from $36.1 million in 2011 to $31.7 million in 2016. 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... 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 machineryTractors and agricultural machinery and attachmentsParts sold separatelyHaying machinery and attachmentsPlanting, seeding and fertilizing machinery and attachmentsDairy farm equipment, sprayers, dusters, blowers and attachmentsFarm plows, harrows, rollers, pulverizers 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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