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 Products Chapter
Because exports to the United States account for a very significant portion of industry revenue, industry product segmentation is very similar to US industry product segmentation. Indeed, many industry establishments are located close to the US-Canada border to facilitate trade. While tractor and related machinery manufacturers generally do not realize revenue from customer service and support activities, they nonetheless remain an integral part of the industry's business model. The often-crucial nature of the products this industry creates and supplies dictates that end users be adept and confident when using them.
Harvesting machinery is the largest agricultural product segment and mainly includes combines... purchase to read more