Market Research Logo

Agricultural Machinery Manufacturing

10 Pages First Research, Inc. July 06, 2015 SKU: FRRS5615341

Agricultural Machinery Manufacturing

Brief Excerpt from Industry Overview Chapter:

Companies in this industry manufacture agricultural equipment and machinery, as well as commercial turf and lawn care equipment. Major companies include AGCO, Deere, Great Plains Manufacturing, and Lindsay Corporation (all based in the US), along with Claas KGaA (Germany), CNH Industrial (UK), Kubota (Japan), Mahindra & Mahindra (India), and Shifeng Group and YTO Group (China).

Worldwide, the agricultural machinery manufacturing industry is forecast to grow at an annual rate of 6.9% through 2018, to nearly $210 billion in revenue, according to Freedonia Group. Europe, the US, and China are the largest markets.

The US agricultural machinery manufacturing industry includes about 1,000 companies with combined annual revenue of about $39 billion.


Demand for agricultural machinery is driven by farm income and crop production projections for the next season and can vary highly year to year. The profitability of individual companies depends on the volume of products sold, since many manufacturing costs are fixed. Big companies have large economies of scale, especially in manufacturing tractors and combines. Small companies can be successful by making specialized equipment, especially tractor attachments. The US industry is highly concentrated: the 50 largest companies generate more than 80 percent of revenue.

Imports of agricultural equipment, primarily from countries such as Germany, Canada, China, Mexico, and Japan, make up about 25% of the US market. Exports account for about 30% of US production. Major export markets include Canada, Mexico, and Australia....

Show Full Description

Show Table of Contents

Agricultural Machinery Manufacturing

First Research, Inc.
July 06, 2015

Search inside this report

Pricing & Delivery

Online Download

Didn't find what you are looking for?

Let us find it for you. One of our knowledgeable research assistants will work with you to find exactly the right research to answer your questions:

US: 800.298.5699 International: +1.240.747.3093 Or leave us a message and we'll call you back!

Receive bi-weekly email alerts for new market research.

CTA Image

Download our free eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download CTA

Share this report