Farm Machinery and Equipment Manufacturing - Market Size, Financial Statistics, Industry Trends

Industry Overview

This U.S. industry comprises establishments primarily engaged in manufacturing agricultural and farm machinery and equipment, and other turf and grounds care equipment, including planting, harvesting, and grass mowing equipment (except lawn and garden-type). Illustrative Examples: Combines (i.e., harvester-threshers) manufacturing Cotton ginning machinery manufacturing Feed processing equipment, farm-type, manufacturing Fertilizing machinery, farm-type, manufacturing Grass mowing equipment (except lawn and garden) manufacturing Haying machines manufacturing Milking machines manufacturing Planting machines, farm-type, manufacturing Plows, farm-type, manufacturing Poultry brooders, feeders, and waterers manufacturing Tractors and attachments, farm-type, manufacturing Cross-References. Establishments primarily engaged in--
Source: U.S. Census Bureau

Farm Machinery and Equipment Manufacturing Market Size

This report includes historical and forecasted market sizes and industry trends for Farm Machinery and Equipment Manufacturing. It reveals overall market dynamics from 2020 through the present, and predicts industry growth or shrinkage through 2030. Revenue data include both public and private companies in the Farm Machinery and Equipment Manufacturing industry.

	Historical					Forecasted
	2020	2021	2022	2023	2024	2025	2026	2027	2028	2029	2030
Market Size (Total Revenue)	Included in Report
% Growth Rate
Number of Companies
Total Employees
Average Revenue per Company
Average Employees per Company

Source: U.S. government financial data



Pell Research's advanced econometric models forecast five years of industry growth based on short- and long-term trend analysis. Market size statistics include revenue generated from all products and services sold within the Farm Machinery and Equipment Manufacturing industry.

Geographic Breakdown by U.S. State

Farm Machinery and Equipment Manufacturing market share by state pinpoints local opportunities based on regional revenue statistics. Growth rate for each state is affected by regional economic conditions. Data by state can be used to locate profitable and nonprofitable locations for Farm Machinery and Equipment Manufacturing companies in the United States.

Distribution by Company Size

Company Size	All Industries	Farm Machinery and Equipment Manufacturing
Small Business (< 5 Employees)	Included
Small Business (5 - 20)
Midsized Business (20 - 100)
Large Business (100 - 500)
Enterprise (> 500)

Industry Income Statement (Average Financial Metrics)

Financial statement analysis determines averages for the following industry forces:

• Cost of goods sold
• Compensation of officers
• Salaries and wages
• Employee benefit programs
• Rent paid
• Advertising and marketing budgets

The report includes a traditional income statement from an "average" Farm Machinery and Equipment Manufacturing company (both public and private companies are included).

	Industry Average	Percent of Sales
Total Revenue	Included
Operating Revenue
Cost of Goods Sold (COGS)
Gross Profit
Operating Expenses
Operating Income
Non-Operating Income
Earnings Before Interest and Taxes (EBIT)
Interest Expense
Earnings Before Taxes
Income Tax
Net Profit

Financial Ratio Analysis

Financial ratios allow a company's performance to be compared against that of its peers.

Financial Ratio	Industry Average
Profitability Ratios	Included
Profit Margin
ROE
ROA
Liquidity Ratios
Current Ratio
Quick Ratio
Activity Ratios
Average Collection Period
Asset Turnover Ratio
Receivables Turnover Ratio
Inventory Conversion Ratio

Products and Services Mix

Product lines and services in the Farm Machinery and Equipment Manufacturing industry accounting for the largest revenue sources.

Product Description	Description	Revenue ($ Millions)
Farm machinery and equipment manufacturing	Included
Farm dairy equip., sprayers/dusters/blowers, and attachments
Planting, seeding, and fertilizing machinery and attachments
Harvesting machinery (excluding hay and straw) and attachments
Haying machinery and attachments
Parts for farm machinery, for sale separately
Parts for farm-type wheel tractors, for sale separately
Other parts for farm machinery, for sale separately
Parts for farm machinery, for sale separately, nsk
All other farm machinery/equip. (excl. parts), incl. attachments

Compensation and Salary Surveys

Salary information for employees working in the Farm Machinery and Equipment Manufacturing industry.

Title	Percent of Workforce	Bottom Quartile	Average (Median) Salary	Upper Quartile
Management Occupations	7%	Included
Chief Executives	0%
General and Operations Managers	2%
Architecture and Engineering Occupations	10%
Engineers	7%
Office and Administrative Support Occupations	10%
Production Occupations	52%
Assemblers and Fabricators	17%
Assemblers and Fabricators, All Other, Including Team Assemblers	12%
Metal Workers and Plastic Workers	26%
Machinists	7%
Machinists	7%
Welding, Soldering, and Brazing Workers	6%
Welders, Cutters, Solderers, and Brazers	6%
Other Production Occupations	6%

Government Contracts

The federal government spent an annual total of $22,914,114 on the Farm Machinery and Equipment Manufacturing industry. It has awarded 769 contracts to 258 companies, with an average value of $88,814 per company.

Top Companies in Farm Machinery and Equipment Manufacturing and Adjacent Industries

Company	Address	Revenue ($ Millions)
Included