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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 | Nov 2016

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

IBISWorld’s Tractors & Agricultural Machinery Manufacturing market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

Report Snapshot
Market Share of Companies
Industry Statistics & Market Size
Revenue
$3bn
Annual Growth 11-16
1.2%
Annual Growth 16-21
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Profit
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Employment
13,997
Businesses
500
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 - Starting a New Business Chapter

There are no licensing requirements, government regulations or resource constraints that are significant enough to prevent operators from entering the Tractors and Agricultural Machinery Manufacturing industry. The acquisition of manufacturing facilities fitted out with the equipment required to manufacture agricultural equipment requires a large capital investment. The magnitude of this financial commitment deters some operators from entering the industry. There is also a low concentration of operators within this industry, giving them the ability to exercise a high degree of market power. The cost of entering and competing with incumbent operators that have strong relationships in downstream markets and long histories may deter some operators from entering. Whi.. 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
Tractors and attachmentsConsumer lawn, garden and snow equipment and partsHarvesting machineryDairy equipmentPlanting, seeding and fertilizing equipmentAll other equipment
 
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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