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Tractors & Agricultural Machinery Manufacturing in the US - Industry Market Research Report

  • April 2017
  • 40 pages
  • Ibisworld
Report ID: 198767

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Reap the harvest: Steady demand for crops will cultivate moderate industry growth

Tractors & Agricultural Machinery Manufacturing in the US

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.

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.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.

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