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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 | Apr 2017

Reap the harvest: 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
Industry Statistics & Market Size
Annual Growth 12-17
Annual Growth 17-22
Annual Growth
Industry Threats & Opportunities
  • Currency headwinds and reduced demand for agricultural equipment affect performance
  • Manufacturers are offering more fuel-efficient products to meet new emissions standards
  • Manufacturers will continue increasing production-line automation and labor productivity
  • ... purchase to read more

Industry Analysis & Industry Trends

The Tractors and Agricultural Machinery Manufacturing industry has struggled over the past five years, with revenue fluctuating between growth and decline. Lower demand for agricultural equipment and currency headwinds have contributed to lower revenue and margins for farmers, who as a result, have reduced purchases over the past few years. Over the five years to 2022, industry revenue is expected to slowly improve in the long-term, despite inital decreases in the beginning of the period. Industry operators are expected 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 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. IBISWorld estimates that the Tractors and Agricultural Machinery Manufacturing industry has a medium to high level of capital intensity. For every dollar spent on labor, $0.15 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. An .. ... purchase to read more

Additional Insights for the Tractors & Agricultural Machinery Manufacturing Industry

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

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


    Industry ProductsRelated Reports

    What is the Tractors & Agricultural Machinery Manufacturing Industry?

    Industry operators manufacture agricultural machinery and equipment, in addition to powered lawn and garden equipment for homes. Key agricultural equipment includes tractors, harvesting and seeding machinery, grinders, mixers, wool presses, windmills and other hardware.

    Industry Products
    Tractors and attachmentsHarvesting machineryConsumer lawn, garden and snow equipment and partsDairy farm equipmentPlanting, 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 windmillsManufacturing powered agricultural mowersManufacturing livestock feeding and watering equipment

    Table of Contents
    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    Executive Summary
    Key External Drivers
  • Agricultural price index
  • Prime rate
  • Trade-weighted index
  • Private investment in computers and software
  • Current Performance
  • Downstream demand
  • Technological change
  • Industry structure
  • Chart: Revenue Growth
  • Industry Outlook
  • Growing Productivity
  • Trade conditions
  • Profitability and consolidation
  • Table: Tractors & Agricultural Machinery Manufacturing Industry Revenue Outlook
  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Tractors & Agricultural Machinery Manufacturing Industry Lifecycle vs The Economy
  • Products & Markets
    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 lawn, garden and snow equipment and parts
  • Harvesting machinery
  • Dairy farm equipment
  • Planting, seeding and fertilizing machinery
  • Chart: Tractors & Agricultural Machinery Manufacturing Industry Products and Services Segmentation
  • Demand Determinants
  • Availability of credit
  • Downstream activity
  • Replacement demand
  • Seasonality
  • Major Markets
  • Distributors and wholesalers
  • Home centers
  • Exports
  • Outdoor power equipment stores
  • Hardware stores
  • Chart: Major Market Segmentation for the Tractors & Agricultural Machinery Manufacturing Industry
  • International Trade
    Business Locations
  • Chart: Business Locations by State
  • Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Purchases
  • Wages
  • Other costs
  • Chart: Cost Structure Benchmarking – Sector vs Tractors & Agricultural Machinery Manufacturing
  • Basis of Competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Tractors & Agricultural Machinery Manufacturing Industry
  • Industry Globalization
    Major Companies
    Deere & Company
    CNH Industrial NV
    AGCO Corporation
  • Table: Deere & Company - financial performance
  • Table: CNH Industrial NV - financial performance
  • Table: AGCO Corporation - financial performance
  • Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Tractors & Agricultural Machinery Manufacturing Industry
  • Chart: Tools of the Trade: Growth Strategies for Success
  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth
  • Regulation & Policy
    Industry Assistance
    Key Statistics
  • Table: Industry Data for the Tractors & Agricultural Machinery Manufacturing Industry
  • Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Exports (2008-2022)
  • Imports (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
  • Table: Industry Financial Ratios
  • Jargon & Glossary
  • A harvesting machine that heads, threshes and cleans grain while moving over a field.
  • Seeder
  • An agricultural device used to plant seeds in well-spaced rows at specific depths and rates.
  • 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 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:
    • 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 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 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, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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