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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 | Apr 2014

Rolling forward: The recovering global economy and larger farm operations will spur demand

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
Revenue
$4bn
Annual Growth 09-14
2.1%
Annual Growth 14-19
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Profit
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Employment
15,389
Businesses
402
Industry Analysis & Industry Trends

The industry benefits from the essential nature of agricultural equipment, such as tractors and combines, to modern-day farming operations. Nevertheless, when farmers delayed new equipment purchases amid tough domestic and global economic conditions, demand for big-ticket items like large tractors plummeted in 2010. However, the industry has since emerged from the doldrums, driven by global farm demand. Improving economic conditions worldwide and larger downstream farming operations will stimulate demand for industry machinery moving forward... 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 2.4% over the 10 years to 2019. Similarly, GDP is forecast to grow 2.4% 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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