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

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    Report

  • 58 Pages
  • August 2022
  • Region: United States
  • IBISWorld
  • ID: 239473

Mowed down: Rising interest rates may pose a potential threat to the industry

The Tractors and Agricultural Machinery Manufacturing industry revenue is expected to increase an annualized 2.8% to $39.9 billion over the five years to 2021, including a 1.5% growth in 2021 alone. Favorable interest rates, kept low by the Federal Reserve to support investment, incentivized farmers to finance new equipment at the outset of the period. Decreases in the price of crops in 2020 hurt industry revenue. However increases in the price of crops in 2021 due to supply chain issues helped downstream demand recover. Crop prices are expected to increase in 2022 and stabalize over the five years to 2026.

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.


Table of Contents

ABOUT THIS INDUSTRY
  • Industry Definition
  • Main Activities
  • Similar Industries
  • Additional Resources

INDUSTRY AT A GLANCE
INDUSTRY PERFORMANCE
  • Executive Summary
  • Key External Drivers
  • Current Performance
  • Industry Outlook
  • Industry Life Cycle

PRODUCTS & MARKETS
  • Supply Chain
  • Products & Services
  • Demand Determinants
  • Major Markets
  • International Trade
  • Business Locations

COMPETITIVE LANDSCAPE
  • Market Share Concentration
  • Key Success Factors
  • Cost Structure Benchmarks
  • Basis of Competition
  • Barriers to Entry
  • Industry Globalization

MAJOR COMPANIES
OPERATING CONDITIONS
  • Capital Intensity
  • Technology & Systems
  • Revenue Volatility
  • Regulation & Policy
  • Industry Assistance

KEY STATISTICS
  • Industry Data
  • Annual Change
  • Key Ratios

JARGON & GLOSSARY

Companies Mentioned

A selection of companies mentioned in this report includes:

  • Deere & Co
  • Cnh Global N V
  • Agco Corp
  • Mtd Products Inc.
  • CLAAS KGaA mbH
  • Andreas Stihl AG & Company KG
  • Titan Machinery Inc.
  • Ariens Company
  • Kubota Corp
  • Alamo Group Inc.
  • Vermeer Corporation
  • MAT Holding Inc.
  • Amity Technology LLC
  • Engineering Services & Products Company
  • Ag Spray Equipment Inc.
  • Arts Way Manufacturing Co Inc.
  • Willmar Fabrication LLC
  • Egging Company
  • Agricultural Manufacturing Inc.

Methodology

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