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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 2016

Reap what you sow: Steady demand for crops will cultivate moderate industry growth

The Tractors & Agricultural Machinery Manufacturing market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

Report Snapshot
Market Share of Companies
Industry Statistics & Market Size
Annual Growth 11-16
Annual Growth 16-21
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Industry Analysis & Industry Trends

The Tractors and Agricultural Machinery Manufacturing industry has struggled over the past five years. Despite above-average performance of the agricultural sector in the early part of the period, the industry has been in decline since 2014. Lower demand for agricultural equipment and currency headwinds have contributed to lower revenue and margins for farmers, who as a result, have reduced purchases in 2013 and 2014. In the five years to 2021, demand for crops will continue to generate low to moderate demand for agricultural machinery. Industry operators are projected 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 - 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 machineryTractors and agricultural machinery and attachmentsParts sold separatelyHaying machinery and attachmentsPlanting, seeding and fertilizing machinery and attachmentsDairy farm equipment, sprayers, dusters, blowers and attachmentsFarm plows, harrows, rollers, pulverizers 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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