Tractors & Agricultural Machinery Manufacturing in Canada
Revenue for the Tractors and Agricultural Machinery Manufacturing industry has declined over the five years to 2017. Industry operators experienced early revenue boosts as rising agricultural commodity prices increased farm incomes; however, recent sharp price declines reversed farm income trends and reduced sales, and overshadowed early growth. Over the next five years, improving demand for agricultural products worldwide and pressure to increase yields are expected to stimulate demand for industry machinery abroad and domestically. Greater global demand for food and biofuels, rising productivity and strong export growth are expected to drive demand for new machinery and equipment moving forward. As a result, industry revenue is expected to rise modestly over the five years to 2022.
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.