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Farm, Lawn & Garden Equipment Wholesaling in Canada: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Farm, Lawn & Garden Equipment Wholesaling in Canada Market Research Report | NAICS 41711CA | Apr 2016

Small haul: Weak crop prices and demand for farmers will challenge the industry

IBISWorld’s Farm, Lawn & Garden Equipment Wholesaling market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

Report Snapshot
Market Share of Companies
There are no companies with a dominant market share
Industry Statistics & Market Size
Revenue
$17bn
Annual Growth 11-16
2.4%
Annual Growth 16-21
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Profit
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Employment
20,470
Businesses
1,641
Industry Analysis & Industry Trends

Over the five years to 2016, demand from farmers has been volatile due to fluctuations in crop prices and farmer income. High crop prices earlier in the period encouraged farmers to spend on new equipment, boosting industry revenue. This trend has since reversed, with major crops incurring a glut on world markets and plummeting in price; this has hurt farmer income and curbed demand for farming equipment. The industry is expected to experience further challenges over the five years to 2021, primarily due to continued weakness in crop prices and in demand from farmers. To salvage demand, operators may look to offer more high value-added services such as repair and maintenance... purchase to read more

Industry Report - Starting a New Business Chapter

The Farm, Lawn and Garden Equipment Wholesaling industry has high barriers to entry as a result of strong relationships between industry operators and manufacturers. Brand leaders at the upstream manufacturing level (e.g. John Deere and AGCO) have a commanding presence in the agricultural machinery market. Major manufacturers appoint dealers to cover specific geographic areas and seek to have dedicated single line dealers. For instance, AGCO states that it generally protects each existing dealer's territory and will not place the same brand with another dealer within that protected area. A manufacturer's existing dealer network may already provide the coverage sought by the manufacturer in any given region, making it very difficult for new entrants to develop upstream relationships... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Farm, Lawn & Garden Equipment Wholesaling Industry?

Operators in this industry primarily purchase specialized machinery, equipment and related parts used in agricultural and consumer segment activities (e.g. farm, lawn and garden). This equipment is then sold to downstream markets, namely farms and other wholesalers that make them available to end consumers.

Industry Products
Wholesaling tractors and combinesWholesaling other farming equipmentWholesaling lawn and garden equipment
 
Industry Activities
Wholesaling tractors and combinesWholesaling other farming equipmentWholesaling lawn and garden equipment


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