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2018 Market Analysis & Industry Outlook: Tractors & Agricultural Machinery Manufacturing

Overview of the U.S. Tractors & Agricultural Machinery 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 Tractors & Agricultural Machinery 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[PREMIUM]

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

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 of Tractors & Agricultural Machinery Manufacturing by state

Tractors & Agricultural Machinery 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 Tractors & Agricultural Machinery 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.

price index trends

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 Tractors & Agricultural Machinery 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 Tractors & Agricultural Machinery 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 Tractors & Agricultural Machinery 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

Tractors & Agricultural Machinery Manufacturing Industry Market Share [PREMIUM]

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

CompanyAddressRevenue Estimate

Innovation News

  • New Peco trademarks "F5 TYPHOON" - Power blowers for lawn debris - 12/25/2016
  • Kringstad Ironworks trademarks "CROP SHUTTLE" - Crop carts; trailers for tractors; trailers for receiving, transporting and unloading a crop; agricultural machinery - 05/24/2016
  • Bigham Brothers patents Adjustable Multiple Row Agricultural Implement - 03/17/2016
  • Bigham Brothers trademarks "MODEL 888" - Tractor towed agricultural implements - 03/25/2013

  • Top Innovators

    CompanyInnovation Score
    Lankota Group17
    Conceptual Marketing & Development

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

    Latest Industry News

    • Farm equipment manufacturers looking to boost exports - Canada’s farm machinery makers want to grow their export market in the coming years, a development they say would be a good news story for rural Canada as a whole. “Canadian-made farm equipment is among the highest quality and most sought out in the ... (01/10/2018)
    • ‘M&M is aiming to cater to the entire farm value chain’ - This has buoyed the hopes of tractor manufacturers, who are expanding their global footprint through acquisitions and local assemblies. ETAuto’s Shobha Mathur spoke to Rajesh Jejurikar, president- Farm Equipment Sector of M&M as well as President of the ... (01/10/2018)
    • New York Man Looks Back at Life in Farm Equipment Biz - farmers, farm equipment dealers like Bruce Beckert, auctioneers, ag lenders, manufacturers. To be able to hear their own unique stories, and share them with is such a privilege. For the Beckert family of South New Berlin, NY, that decision to ... (01/10/2018)
    • Global Top 6 Agriculture Equipment Manufacturers Comparative SWOT & Strategy Focus Report 2017-2021 - The "Comparative SWOT & Strategy Focus - 2017-2021- Global Top 6 Agriculture Equipment Manufacturers - John Deere, CNH, AGCO, CLAAS, SDF Group, Kubota" report has been added to Research and Markets' offering. The report provides a Comprehensive ... (01/09/2018)
    • Global Comparative SWOT & Strategy Focus of the Top 6 Agriculture Equipment Manufacturers, 2017-2021 - Dublin, Jan. 09, 2018 (GLOBE NEWSWIRE) -- The "Comparative SWOT & Strategy Focus - 2017-2021- Global Top 6 Agriculture Equipment Manufacturers - John Deere, CNH, AGCO, CLAAS, SDF Group, Kubota" report has been added to Research and Markets' offering. (01/09/2018)
    • 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 and end users. They are looking at capitalising on the recent advances in IIoT by fitting their farming equipment with sensors and telematics ... (01/08/2018)
    • RDO Equipment Co. is looking for talented and ambitious peop... - ... Equipment Co. sells and supports agriculture, construction, environmental, positioning, surveying, and irrigation equipment from manufacturers including John Deere, Vermeer, and Topcon. Apply online at EOE/M/F/Disabled/Veteran (01/05/2018)
    • New report shares details about the planting equipment market worth 21.43 billion USD by 2022 - The companies profiled for this report are Deere & Company (U.S.), AGCO Corporation (U.S.), Buhler Industries, Inc. (Canada), Kinze Manufacturing, Inc. (U.S.), Case IH Agricultural Equipment, Inc. (U.S.), Bourgault Industries Ltd. (Canada), Seed Hawk Inc ... (01/03/2018)
    • Agriculture Proves Key to Construction Equipment Sales - The largest annual display of farm equipment, supplies and services in the Carolinas and Virginia, it also hosts the largest annual display of construction equipment to be found in the three-state region. Construction dealers and manufacturers that will be ... (01/02/2018)
    • High-tech tests streamline farm machinery development - Farm implements have to be tough, and manufacturers go to great lengths to ensure that ... Programs can model how easy it will be for people of different heights to get into a tractor cab, or how smoothly corn kernels will flow through an auger. (12/29/2017)

    Government Contracts

    In 2016, the federal government spent a total of $42,945,924 on Tractors & Agricultural Machinery Manufacturing. It has awarded 1,253 contracts to 443 companies, with an average value of $96,943 per company.   

    Top government vendors:

    CompanyFederal ContractsTotal Award Amount