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
What Our Customers Say

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 - Industry Key Buyers Chapter

    The Tractors and Agricultural Machinery Manufacturing industry in California exhibits significantly lower market share concentration than the national industry. Although there only expected to be 91 enterprises operating in the state in 2017, revenue is anticipated to be relatively evenly distributed among most companies. With the exception of Toro Company, which is expected to account for between 10.0% and 20.0% of total industry revenue, all other operators account for well below 5.0%. Unlike the national industry where the top four operators account for nearly half of total revenue, the California industry is primarily composed of small, regional manufacturers. This is largely a function of the geographic spread of national industry operators. Tor...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 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 CompanyAgricultural 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.
  • Why buy this report?

    IBISWorld’s industry research report on Tractors & Agricultural Machinery Manufacturing in California provides up-to-date sales and market data, allowing you to identify the product and customer segments driving revenue growth. The report identifies the leading companies in the industry, and offers strategic analysis of the key factors influencing the market. Our data forecasts are accompanied by full analysis to illustrate how the market is responding to dominant and emerging trends.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    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

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Tractors & Agricultural Machinery Manufacturing in California, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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