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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 | Jan 2015

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

IBISWorld’s Tractors & Agricultural Machinery Manufacturing market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

Report Snapshot
Market Share of Companies
Industry Statistics & Market Size
Revenue
$41bn
Annual Growth 10-15
1.5%
Annual Growth 15-20
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Profit
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Employment
74,743
Businesses
1,180
Industry Analysis & Industry Trends

The Tractors and Agricultural Machinery Manufacturing industry has performed well over the five years to 2015, due to the economic recovery and above-average performance of the agricultural sector in the early part of this five-year period. Favorable interest rates, which were set by the federal government to spark investment, gave farmers incentive to finance new equipment. In the coming years, continued demand for crops will generate moderate demand for agricultural machinery. Industry operators are projected to benefit from resurgent demand for tractors and other machinery in South America and Asia... 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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