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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 | Jun 2014

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

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
Revenue
$42bn
Annual Growth 09-14
3.9%
Annual Growth 14-19
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Profit
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Employment
72,211
Businesses
1,138
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 Investment Chapter

The manufacturing process requires large amounts of capital in the form of plants and equipment. An indication of the capital intensity required by the industry is given by the ratio of capital costs to labor costs. Using wages as a proxy for labor and depreciation as a proxy for capital, IBISWorld analysis reveals that the Tractors and Agricultural Machinery Manufacturing industry has a medium level of capital intensity. For every dollar spent on labor, $0.14 will be spent on equipment.

Most manufacturing processes involve repetitive actions that may be automated to increase production speed and efficiency. Automated production lines rely upon computer technology and hydraulic robotic equipment to assemble agricultural implements... 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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