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2018 Market Analysis & Industry Outlook: Farm Machinery & Equipment Manufacturing

Overview: the U.S. Farm Machinery & Equipment Manufacturing Industry

This section provides answers to key questions about the industry:

  1. What is the total market size (industry revenue)?
  2. What is the industry outlook?
  3. Market Analysis: Is the market growing or declining, and how quickly?
  4. Are long-term forecasts positive or negative?
  5. What is the average company size in the industry?
  6. How many companies are in the industry?

Market Size & Industry Statistics

The total U.S. industry market size for Farm Machinery & Equipment Manufacturing: Industry statistics cover all companies in the United States, both public and private, ranging in size from small businesses to market leaders. In addition to revenue, the industry market analysis shows information on employees, companies, and average firm size.

Investors, banks, and business executives use growth rates and industry trends to understand the market outlook and opportunity.

market size 2018
Charts and graphs can be copied to Microsoft Word and Powerpoint presentations.

Statistics 2012        2013        2014        2015        2016        2017
Market Size
(Total Sales/Revenue)

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Total Firms
Total Employees
Average Revenue Per Firm
Average Employees Per Firm
Statistics Source: U.S. Census, AnythingResearch Market Analysis

Market Forecast

Market forecasts show the long term industry outlook and future growth trends. The following five-year demand forecast projects both short-term and long-term trends.

market forecast

Forecast / Industry Outlook 2017 2018 2019 2020 2021 2022
Market Forecast ($ millions)
Projected Industry Growth Rate (%)
Source: AnythingResearch Economic Analysis

Product & Services Breakdown

Research products and services in the Farm Machinery & Equipment Manufacturing industry generating sales. Note that products are broken into categories with different levels of classification.

Product Description Sales ($ millions) Percent of Total Sales

Industry Total

Farm Machinery And Equipment Manufacturing

Farm-Type, Power Take-Off Hp, Wheel Tractors (2- And 4-Wheel Drive), Sold With Or Without Attachments (Excluding Parts)

Farm Dairy Equipment, Sprayers And Dusters (Excluding Aerial Types), Farm Blowers, And Attachments

Planting, Seeding, And Fertilizing Machinery And Attachments, Excluding Turf Machinery

Harvesting Machinery (Excluding Hay And Straw) And Attachments

Parts For Farm Machinery, For Sale Separately

All Other Farm Machinery And Equipment (Excluding Parts), Including Attachments

Commercial Turf And Grounds Care Equipment, Including Parts And Attachments

Farm Machinery And Equipment Manufacturing, Not Categorized, Total

Consumer Riding Lawn, Garden, And Snow Equipment

Construction Machinery Manufacturing

Power Cranes, Excavation Loaders, Dozers, Construction Tractors, Off-Highway Trucks And Trailers, Mixers, Pavers, Backhoes, And

Parts For Construction Machinery And Equipment, Sold Separately

Total Miscellaneous Receipts

Resales - Sales Of Products Bought And Sold Without Further Manufacture, Processing, Or Assembly

Miscellaneous Receipts, Including Receipts For Repair Work, Sales Of Scrap And Refuse.

U.S. Geographic Distribution: Revenue Statistics by State

Market Size by State ($ millions) indicates how the industry's competition is distributed throughout the country. State-level information can identify areas with higher and lower industry market share than average.

U.S. map by state

Farm Machinery & Equipment Manufacturing Industry Price Trends

Rise and fall in market prices are affectedd by supply, demand, and the cost of goods/services sold. Higher demand or COGS will put upward price pressure on prices. Higher competition among Farm Machinery & Equipment Manufacturing companies will put a downward pressure on prices. The chart shows how prices are changing within the industry, month-to-month over the last three years.

example price index trendline

Income Statement (Average Financial Metrics)

Financial metrics provide a snapshot view of a benchmark "average" company. Key business metrics show revenue and operating costs. The data collected covers both public and private companies.

Industry AveragePercent of Sales
(Industry Benchmark)
Total Revenue

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Operating Revenue
Cost of Goods Sold
Gross Profit

Operating Expenses
Pension, profit sharing plans, stock, annuity
Rent paid on business property
Charitable Contributions
Domestic production activities deduction
Compensation of officers
Salaries and wages
Employee benefit programs
Taxes and Licenses
Bad Debts
Other Operating Expenses
Total Operating Expenses
Operating Income
Non-Operating Income
EBIT (Earnings Before Interest and Taxes)
Interest Expense
Earnings Before Taxes
Income Tax
Net Profit
Source: AnythingResearch Analysis of U.S. federal statistics

Financial Ratio Analysis

Financial ratio information can be used to benchmark how a Farm Machinery & Equipment Manufacturing company compares to its peers. Accounting statistics are calculated from the industry-average for income statements and balance sheets.

Profitability & Valuation RatiosIndustry Average
Company valuation can be measured based on the firm's own performance, as well as in comparison against its industry competitors. These metrics show how the average company in the Farm Machinery & Equipment Manufacturing industry is performing.
Profit Margin
Gross Profit Margin, Operating Profit Margin, and Net Profit Margin. Show company earnings relative to revenues.
Return on Equity (ROE)
Return on Equity (ROE) is net income as a percentage of shareholders' equity. Shareholders' Equity is defined as the company's total assets minus total liabilities. ROE shows how much profits a company generates with the money shareholders invested (or with retained earnings).
Return on Assets (ROA)
Return on Assets (ROA) is net income relative to total assets. The market research on Farm Machinery & Equipment Manufacturing measures how efficiently the company leverages its assets to generate profit. ROA is calculated as Net Income divided by Total Assets.

Liquidity RatiosIndustry Average
Bankers and suppliers use liquidity to determine creditworthiness and identify potential threats to a company's financial viability.
Current Ratio
Measures a firm's ability to pay its debts over the next 12 months.
Quick Ratio (Acid Test)
Calculates liquid assets relative to liabilities, excluding inventories.

Efficiency Ratios - Key Performance IndicatorsIndustry Average
Measure how quickly products and services sell, and effectively collections policies are implemented.
Receivables Turnover Ratio
If this number is low in your business when compared to the industry average in the research report, it may mean your payment terms are too lenient or that you are not doing a good enough job on collections.
Average Collection Period
Based on the Receivables Turnover, this estimates the collection period in days. Calculated as 365 divided by the Receivables Turnover
Inventory Turnover
A low turnover rate may point to overstocking, obsolescence, or deficiencies in the product line or marketing effort.
Fixed-Asset Turnover
Generally, higher is better, since it indicates the business has less money tied up in fixed assets for each dollar of sales revenue.

Compensation & Salary Surveys for Employees

Compensation statistics provides an accurate assessment of industry-specific jobs and national salary averages. This information can be used to identify which positions are most common, and high, low, and average annual wages.

TitlePercent of WorkforceBottom Quartile Average (Median) SalaryUpper Quartile
Management Occupations 5%

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Chief Executives0%
General and Operations Managers2%
Architecture and Engineering Occupations 8%
Engineers 6%
Office and Administrative Support Occupations 9%
Installation, Maintenance, and Repair Occupations 5%
Production Occupations 55%
Assemblers and Fabricators 17%
Miscellaneous Assemblers and Fabricators 13%
Team Assemblers 12%
Metal Workers and Plastic Workers 28%
Machinists 5%
Machinists 5%
Welding, Soldering, and Brazing Workers 12%
Welders, Cutters, Solderers, and Brazers 10%
Other Production Occupations 7%
Transportation and Material Moving Occupations 5%
Source: Bureau of Labor Statistics

Farm Machinery & Equipment Manufacturing Industry Market Share [PREMIUM]

Largest companies in the industry and related industries, with private company revenue estimates.

CompanyAddressRevenue Estimate

Top Innovators

CompanyInnovation Score

Additional companies, details and innovation scoring in the full report.

Latest Industry News

  • Protest Parade, Hearing Set For NorthPoint - NorthPoint Development calls the project a "warehousing, distribution and light manufacturing ... farm equipment and military vehicles from winter storage in an effort to demonstrate to Elwood Village officials and NorthPoint Development that their ... (01/11/2018)
  • Meat is not the ‘new tobacco,’ and shouldn’t be taxed - A new report published recently by a British group called Farm Animal Investment Risk and Return Initiative ... bureaucratic governmental machinery is weak. What’s more, many small businesses around the country have offered high-quality meat products ... (01/10/2018)
  • Global IIoT Market in Agriculture 2017: Smart Digital Farm / Evolution of Smart Agriculture / Farming 4.0 Ecosystem - Global farm equipment manufacturers are looking at improving manufacturing efficiencies for their businesses ... practices with an objective to manage and track their fleet of machinery and gather real-time data on equipment status. The industry is not ... (01/08/2018)
  • Last Word - Do you remember when drones were toys and telemetry was something for spacecraft, not farm equipment ... Other acquisitions that appeared in Machinery Chatter included Kubota's purchase of Great Plains Manufacturing. It was a very big deal that moved ... (01/03/2018)
  • Shaktiman to set up farm equipment unit in Telangana - ... setting up a centre of excellence and manufacturing facility for farm machinery. This will be the company’s second manufacturing facility in the country for farm equipment after Rajkot in Gujarat. The company expects the Telangana manufacturing hub ... (03/17/2017)
  • Deere acquires stake in U.S. leader in high-clearance sprayers - (Reuters) - Deere & Co said on Tuesday it has acquired a majority stake in Hagie Manufacturing ... equipment manufacturers have continued to invest millions in acquisitions, research and development even as demand for farm equipment and machinery tapers ... (03/29/2016)
  • Lots to see at the NY Farm Show, from machinery to milk bottles - equipment and livestock. H&S Manufacturing Co. — based in Wisconsin, Ronald Galbreath, territory manager, was at the show with many pieces of gigantic farm machinery. One hay rake (about $7,500) will take three rows of hay and put it in one row for ... (02/27/2015)
  • Research and Markets: Conveyor and Conveying Equipment Manufacturing Industry in the US and its International Trade - Updated 2011 Report on the $5.4 Billion Industry - DUBLIN--(BUSINESS WIRE)--Research and Markets ( has announced the addition of Supplier Relations US, LLC's new report "Conveyor and Conveying Equipment Manufacturing Industry in the US ... (08/18/2011)

Government Contracts

In 2016, the federal government spent a total of $22,914,114 on Farm Machinery & Equipment Manufacturing. It has awarded 769 contracts to 258 companies, with an average value of $88,814 per company.   

Top government vendors:

CompanyFederal ContractsTotal Award Amount

Segments classified within this market research report

This industry market research report includes companies whose primary business is any of the following:
Grass mowing equipment (except lawn and garden) manufacturing, Hair clippers for animal use, electric, manufacturing, Hay balers and presses manufacturing, Dusters, farm-type, Spreaders, Cotton picker and stripper harvesting machinery manufacturing, Incubators, poultry, Planting machines, Weeding machines, Harrows (e.g., disc, spring, tine) manufacturing, Sod harvesting machines manufacturing, Tobacco harvester machines manufacturing, Combines (i.e., harvester-threshers) manufacturing, Windmills, Shears, powered, for use on animals, Hog feeding and watering equipment manufacturing, Farm tractors and attachments manufacturing, Rotary hoes manufacturing, Tractors and attachments, Grain drills manufacturing, Cotton balers and presses manufacturing, Bale throwers manufacturing, Hulling machinery, Feed processing equipment, Fertilizing machinery, Cotton ginning machinery manufacturing, Chicken feeders manufacturing, Rakes, hay, Drags, farm-type equipment, Cream separators, Lawnmowers, agricultural-type, Grading, cleaning, and sorting machinery, Plows, Nut shellers, Berry harvesting machines manufacturing, Harvesting machinery and equipment, agriculture, Poultry brooders, feeders, and waterers manufacturing, Irrigation equipment, Milking machines manufacturing, Presses, Cultivators, Chicken brooders manufacturing, Shredders, Corn heads for combines manufacturing, Corn pickers and shellers manufacturing, Curers, tobacco, Sheep shears, Stalk choppers (i.e., shredders) manufacturing, Tree shakers (e.g., citrus, nut, soft fruit) manufacturing, Fruit harvesting machines manufacturing, Peanut combines (i.e., diggers, packers, threshers) manufacturing, Tomato harvesting machines manufacturing, Grain stackers manufacturing, Seeders, Crop driers manufacturing, Farm wagons manufacturing, Wagons, Cattle feeding and watering equipment manufacturing, Balers, farm-type (e.g., cotton, straw), Transplanters, Blowers, forage, Rotary tillers, Haying machines manufacturing, Cabs for agricultural machinery manufacturing, Sprayers and dusters, Potato diggers, harvesters, and planters manufacturing, etc.

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