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 - Industry SWOT Analysis Chapter
The Farm, Lawn and Garden Equipment Wholesaling industry is in the mature stage of its life cycle. Industry value added, which measures the industry's contribution to the economy, is forecast to grow an annualized 2.8% over the 10 years to 2021. This is slightly larger than the forecast growth of Canadian GDP over the period, at 1.8% per year on average, indicating that the industry's contribution to the economy is stable.
Other factors reflect industry maturity. Technological advances are not prevalent in the industry. Stable, clearly segmented product groups are further indicative of an industry in the mature stage of its life cycle, as is a saturated market. The.. purchase to read more