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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 | Mar 2013

Tough as steel: The recovering global economy and larger farm operations will spur demand

IBISWorld’s Tractors & Agricultural Machinery Manufacturing market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

Report Snapshot
Market Share of Companies
Industry Statistics & Market Size
Revenue
$3bn
Annual Growth 08-13
0.9%
Annual Growth 13-18
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Profit
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Employment
11,553
Businesses
478
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. However, the industry has since emerged from its lows, driven by global farm demand. Over the next five years, improving economic conditions worldwide and larger downstream farming operations will stimulate demand for industry machinery... 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 0.2% over the 10 years to 2018. In contrast, 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 labor... 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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