Farm Equipment Manufacturers – Industry Analysis, Statistics, Trends, and Forecasts

SIC 3523 | NAICS 333111

This free online guide to industry research and analysis provides sources for industry statistics, trends, and forecasts, financial ratios, salary surveys, and more.

See the following sections listed below to view available resources by category:

Industry Analysis, Statistics, Trends, and Forecasts

Financial Statements and Financial Ratios

Compensation and Salary Surveys

BV Guides and Databases

For guides to other industries, see our index of over 400 industries.

Industry Analysis, Statistics, Trends, and Forecasts

Industry Research Reports
Tractors & Agricultural Machinery Manufacturing (view report)
Farm, Lawn & Garden Equipment Wholesaling (view report)

Comprehensive industry research reports provide in-depth industry analysis and five-year forecasts, with special focus on the underlying structure and external forces and relationships that affect industries and their performance. Topics addressed in the reports include:

Market size and major product and service segments
Key industry statistics, trends, and financial ratios
Operating conditions and current performance
Competitive landscape and environment
Major company profiles and market shares
Five-year outlook and growth forecasts

Sample industry research report and selected industry statistics including market size, five-year average growth rate, number of businesses, and total employment are available free online.

FEMA
Ag Innovator Magazine / Shortliner Newsletter
https://www.farmequip.org/ag-innovator / shortliner

Quarterly magazine and biweekly newsletter feature news and information for shortline equipment manufacturers, with topics covered in various issues of these publications including industry news and trends, business advice and tips from industry experts, and legislative and regulatory updates. Articles from current and prior issues of the magazine and e-newsletter can be viewed free online.

AEM
Resources available from this trade association include:

Ag Executive Advisor
https://www.aem.org/
Quarterly trade publication provides news and information for agricultural machinery manufacturers, with market intelligence data featured in each issue including "AEM Ag Equipment Sales Report and Analysis", U.S. export trends for major world regions and selected countries, and demand, planning, employment, and wage index trends. Most recent issue of the newsletter can be viewed free online.

Ag Tractor and Combine Report U.S. Unit Retail Sales
https://www.aem.org/
Monthly survey provides retail sales statistics for two-wheel-drive farm tractors (total all sizes and for three separate horsepower size ranges), four-wheel-drive tractors (total all sizes), and self-propelled combines (total all sizes) for the current month and on a year-to-date basis with comparisons to the same time periods in the prior year for trending purposes. Current report can be viewed free online.

Agricultural Historical Data - Ag Tractor & Combine Retail Sales Statistics
https://shop.aem.org/ Select reports from "Market Data" section
Annual statistical reports provide historical retail sales data for two-wheel-drive farm tractors (total all sizes and for three separate horsepower size ranges), four-wheel-drive farm tractors (total all sizes), and self-propelled combines (total all sizes), with report options available including 10-year U.S. and Canadian combined sales by month, 30-year Canadian data by year, and 40-year U.S. data by year.

North American Ag Equipment Industry Trends Report
https://www.aem.org/
Quarterly trends report summarizes survey responses from participating members on subjects such as volume of demand for finished goods and parts, product pricing and material costs, manufacturer and dealer inventory levels, capital spending, profit margins, employment, and wages and salaries. Current survey is available to participating members only, with prior surveys available for purchase.

Freedonia Group
Research reports available from this organization include:

World Agricultural Equipment
https://www.freedoniagroup.com/
Market research report provides a detailed analysis of the global market for this product sector, with data provided including historical demand and forecasts by product type (e.g., wheeled/crawler and pedestrian-controlled tractors; plowing and cultivating, planting and fertilizing, livestock, haying, and harvesting machinery; and parts and attachments), global region, and for selected major countries.

Agricultural Equipment: United States
https://www.freedoniagroup.com/
Freedonia Focus research study analyzes U.S. demand and shipments for this product sector at the manufacturers' level, with information provided including historical demand and forecasts by product for farm tractors and other machinery (e.g., plowing and cultivating, planting and fertilizing, livestock, haying, and harvesting machinery; other types of equipment; and equipment parts and attachments).

BizMiner Market Analysis Reports
Farm Machinery Manufacturers
https://www.bizminer.com Search for "333111" to see available reports

Market analysis reports provide industry statistics for a user-defined area on a national, state, county, metro area, or zip code level, with data provided including number of companies, market volume and sales trends, average company sales, sales per employee, staffing and employment trends, average employee wage, and business start up activity and failure rates. Sample report can be viewed online.

More industry research reports »

Financial Statements and Financial Ratios

BizMiner Industry Financial Ratios
Farm Machinery Manufacturers

https://www.bizminer.com Search for "333111" to see available reports

Five-year financial statement analysis reports provide income statements, balance sheets, and key industry financial ratios for companies of all sizes, with financial data available by sales size range on a national, state, and metropolitan area level including:

Income and expenses in dollars and percentages
Balance sheets in dollars and percentages
Profitability and return on investment ratios
Liquidity and working capital ratios
Asset turnover and efficiency ratios
Capital structure and debt service ratios

Sample financial statement and ratio analysis report is available free online.

Industry Research Reports
Tractors & Agricultural Machinery Manufacturing

(see links for individual reports) (sample spreadsheet)

Financial benchmarks section provides detailed comparative income statements and balance sheets and over twenty-five industry financial ratios, with financial benchmarks available for each of the five most recent fiscal years and on a historical average basis for three-year, five-year, and ten-year time periods. Sample spreadsheet that includes breakdowns by total asset size can be viewed free online.

More financial benchmarking data »

Compensation and Salary Surveys

PayScale, Inc.
Farm Equipment Manufacturing
https://www.payscale.com/

Free online service provides salary, bonus, and hourly wage data for job positions in this sector such as mechanical engineer, manufacturing engineer, quality assurance/quality control inspector, welder, assembler, electrician, and maintenance technician, with employers for which wage data is provided including AGCO Corporation, CNH Industrial America, LLC, Caterpillar, Inc., and Deere & Company.

U.S. Bureau of Labor Statistics
Machinery Manufacturing (NAICS 3331/3332/3334/3339)
https://www.bls.gov/oes/

Annual wage survey provides hourly and annual wage data for personnel employed in this sector on a national, state, and metropolitan area basis, with products covered by the survey including tractors and attachments, planting, seeding, spraying, and irrigation equipment, self-propelled combines and harvesting machinery, and other equipment used for crop production and farm animal management.

More compensation surveys »

BV Guides and Databases

BVMarketData
Private Company Sales Transaction Databases
https://www.bvresources.com/

Free "Visitor Search" allows users to search the DealStats, BIZCOMPS, and FactSet/BVR databases for private company sales transaction data by SIC or NAICS Code using the following codes:

– SIC Code 3523 - Farm Machinery And Equipment Manufacturing

– NAICS Code 333111 - Farm Machinery And Equipment Manufacturing

Types of establishments included in these codes

Tractor manufacturers - establishments that manufacture tractors used to tow and power various implements for tasks such as plowing, planting, and cultivating. Tractors come in various sizes and capabilities to meet the needs of different agricultural operations.

Plow production - establishments specializing in manufacturing plows used for turning and loosening soil in preparation for planting. Plows are typically pulled by tractors and come in various designs, such as chisel and disc plows, to suit various soil types and conditions.

Seed drill producers - establishments that produce seed drills that are used for accurately sowing seeds at specific intervals and depths in the soil. Seed drills improve crop yields by ensuring proper seed placement and reducing the need for manual labor in planting.

Sprayer manufacturing - establishments that produce sprayers used to apply agricultural chemicals and fertilizers to crops. Sprayers can be towed by tractors or self-propelled and come in various configurations to suit different types of crops and farming practices.

Combine harvester manufacturing - establishments that manufacture combine harvesters which are used to harvest and process various crops. Combine harvesters are designed to cut, thresh, and separate grain from chaff and stalks during the harvesting process.

Baler production - establishments primarily engaged in the production of balers used to compress and bundle crop residues, such as hay, straw, or silage, into compact bales for easy handling, storage, and transportation. Balers can be towed or self-propelled.

Irrigation equipment producers - establishments specializing in manufacturing irrigation equipment, such as sprinklers, drip systems, and pumps, used to deliver water to crops. These systems help manage limited water resources and ensure optimal crop growth.

Livestock equipment manufacturers - establishments that specialize in the production of equipment specifically designed for raising and managing livestock, such as feeders, watering systems, milking machines, and manure handling equipment.

Sample reports with detailed sales transaction data and valuation multiples are available free online.

More valuation data »

Related Industries:
Agricultural Crop and Livestock Production
Farm Machinery and Equipment Dealers
Landscape and Lawn Care Services
Lawn & Garden Equipment & Supplies Stores

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