Tractors & Agricultural Machinery Manufacturing in Canada
Revenue for the Tractors and Agricultural Machinery Manufacturing industry has been relatively erratic over the past five years. In both the United States and Canada, grain and oilseed production significantly rebounded to meet increasing demand for food and biofuels, causing demand for machinery and equipment to increase. However, continued slumps in crop prices have led to a dip in farm income, hurting demand for industry products and causing revenue to fall each year since 2014. Despite these ups and downs, industry revenue is expected to grow over the five years to 2016. As the Canadian economy continues to recover, rising farm incomes will boost demand for tractors and agricultural machinery over the next five years. Moreover, strong global demand for food and biofuels will further support export growth of new machinery and equipment in coming years.
This industry manufactures agricultural machinery and equipment and powered home lawn and garden equipment. Agricultural equipment includes tractors, harvesting and seeding machinery and other machinery, such as grinders, mixers, wool presses and windmills.
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.