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Tractors & Agricultural Machinery Manufacturing in Canada: Market Research Report

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

Tractors & Agricultural Machinery Manufacturing in Canada Market Research Report | NAICS 33311CA | Jul 2016

Good harvest: Rising farm incomes will boost demand for tractors and agricultural machinery

The Tractors & Agricultural Machinery Manufacturing market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

Report Snapshot
Market Share of Companies
Industry Statistics & Market Size
Annual Growth 11-16
Annual Growth 16-21
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Industry Analysis & Industry Trends

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... purchase to read more

Industry Report - Industry SWOT Analysis Chapter

The Tractors and Agricultural Machinery Manufacturing industry is in the mature stage of its life cycle. Industry value added (IVA), which measures the industry’s contribution to the overall economy, is projected to grow at an annualized rate of 2.9% over the 10 years to 2021. Similarly, GDP is forecast to grow 1.9% per year on average over the period. Although demand for tractors and agricultural machinery may wax and wane in any given year as farmers purchase new equipment or opt to maintain existing machinery, the industry benefits from the absolute necessity of powered machinery in modern-day farming operations.

Increased automation is leading to a more efficient and profitable industry while reducing the need for human labour... purchase to read more


Industry ProductsRelated ReportsTable of Contents

What is the Tractors & Agricultural Machinery Manufacturing Industry?

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.

Industry Products
Harvesting machineryHaying machineryPlanting machineryParts sold separatelyDairy equipmentAll other tractors
Industry Activities
Manufacturing farm tractors and attachmentsManufacturing harvesting equipment and machineryManufacturing irrigation equipmentManufacturing seedersManufacturing sprayers and spreadersManufacturing powered-agricultural mowersManufacturing livestock feeding and watering equipment

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