Keep on digging: The industry has experienced relatively volatile growth

The Tractors and Agricultural Machinery Manufacturing industry in California is expected to experience revenue growth over the five years to 2017. Although revenue is anticipated to expand overall, there is expected to be a moderate level of volatility. As a manufacturing industry, the Tractor and Agricultural Machinery Manufacturing industry in California is exposed to both national and international activity because operators compete with a broad range of other manufacturers. As a result, the industry responds to a similar set of macroeconomic factors as the national industry...read more.

Industry Statistics & Market Size
Revenue
$825m
Annual Growth 12-17
0.6%
Forecast Growth 17-22
Profit
Employment
2,312
Businesses
94

Industry Threats & Opportunities

  • As agricultural prices fell, they weighed on farm-level profit, which stifled investment in new equipment
  • State-level initiatives did not alleviate the wholesale decline in demand
  • Technological improvements are expected to generate demand for new investment in agricultural machinery
  • Industry Report - Starting a New Business Chapter

    Barriers to entry into the Tractors and Agricultural Machinery Manufacturing industry in California are moderate, which represents a significant deviation from the national industry. The regulatory environment is moderately stricter than the country at large for industry operators in California. Stricter regulations typically increase barriers to entry; however, it can also reduce barriers if it limits the entrance of large scale manufacturers. The primary factor limiting entry barriers is the lack of large, multinational operators in California. This enables easier access to the market for short-line producers that specialize in more specific products. Moreover, these production lines are typically less capital intensive and require less research and development. Ove...purchase to read more.

    Additional Insights for the Tractors & Agricultural Machinery Manufacturing in California Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Tractors & Agricultural Machinery Manufacturing in California Industry are

  • Meeting emissions standards
  • Adopting new technology
  • Effective quality control
  • IBISWorld analysts also discuss how external factors such as Agricultural price index and Access to Credit in California in the Tractors & Agricultural Machinery Manufacturing in California industry impact industry performance..

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    What's in this report

    What is the Tractors & Agricultural Machinery Manufacturing in California 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
  • Tractors and attachments
  • Harvesting machinery
  • Consumer products
  • Dairy farm equipment
  • Planting, seeding and fertilizing machinery
  • Industry Activities
  • Manufacturing farm tractors and attachments
  • Manufacturing harvesting equipment and machinery
  • Manufacturing irrigation equipment
  • Manufacturing seeders
  • Manufacturing sprayers and spreaders
  • Manufacturing windmills
  • Manufacturing powered agricultural mowers
  • Manufacturing livestock feeding and watering equipment
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Agricultural price index
  • Access to Credit in California
  • Trade-weighted index
  • Private investment in computers and software

  • Current Performance
  • Revenue impediments
  • State structural differences
  • Chart: Revenue Growth

  • Industry Outlook
  • Revenue factors
  • Industry composition
  • Table: Tractors & Agricultural Machinery Manufacturing in California Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Tractors & Agricultural Machinery Manufacturing in California Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Soybean Farming
  • Corn Farming
  • Beef Cattle Production
  • Crop Services
  • Industrial Equipment Rental & Leasing

  • Key Selling Industries
  • Engine & Turbine Manufacturing
  • Metal Stamping & Forging
  • Miscellaneous Product Manufacturing
  • Steel Rolling & Drawing
  • Tire Manufacturing

  • Products & Services
  • Other
  • Tractors and attachments
  • Consumer products
  • Harvesting machinery
  • Dairy farm equipment
  • Planting, seeding and fertilizing machinery
  • Chart: Tractors & Agricultural Machinery Manufacturing in California Industry Products and Services Segmentation

  • Major Markets
  • Distributors and dealers
  • Home centers
  • Outdoor power equipment stores
  • Hardware stores
  • Chart: Major Market Segmentation for the Tractors & Agricultural Machinery Manufacturing in California Industry

  • Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Purchases
  • Wages
  • Other costs
  • Chart: Cost Structure Benchmarking – Sector vs Tractors & Agricultural Machinery Manufacturing in California

  • Basis of Competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Tractors & Agricultural Machinery Manufacturing in California Industry

  • Toro Company, Agricultural Manufacturing Inc., Sweco Products Inc., TG Schmeiser Company Inc.,
  • Table: Toro Company - financial performance
  • Table: Agricultural Manufacturing Inc. - financial performance
  • Table: Sweco Products Inc. - financial performance
  • Table: TG Schmeiser Company Inc. - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Tractors & Agricultural Machinery Manufacturing in California Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Tractors & Agricultural Machinery Manufacturing in California Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • Agricultural price index (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Combine
  • A harvesting machine that heads, threshes and cleans grain while moving over a field.
  • Mainline Manufacturer
  • Farm equipment producers that make a full line of equipment, which typically includes tractors and combines.
  • Seeder
  • An agricultural device used to plant seeds in well-spaced rows at specific depths and rates.
  • Shortline Manufacturer
  • Makers of specialty equipment that is not part of a mainline brand.
  • Tillage
  • The agricultural preparation of the soil by plowing, ripping or turning it.
  • Windrow
  • A row of hay or grain raked up to dry before being rolled or pitched into cocks.
  • Windrower
  • A curved device attached to the rear of a mowing machine's cutter bar for use on windrow.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s industry research report on Tractors & Agricultural Machinery Manufacturing in California contains five-year forecasts and data analysis that can help you identify and mitigate risks in potential new markets. Position yourself as an expert with internal stakeholders by using our comprehensive industry research to inform your reports, proposals and presentations. Our business information will save you money by helping you make better decisions, faster.

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    This report on Tractors & Agricultural Machinery Manufacturing in California:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Tractors & Agricultural Machinery Manufacturing in California market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

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