2025 Tractors & Agricultural Machinery Manufacturing Industry Report

Industry Overview

This industry comprises establishments primarily engaged in manufacturing farm machinery and equipment, powered mowing equipment, and other powered home lawn and garden equipment. Illustrative Examples: Combines (i.e., harvester-threshers) manufacturing Cotton ginning machinery manufacturing Fertilizing machinery, farm-type, manufacturing Haying machines manufacturing Milking machines manufacturing Planting machines, farm-type, manufacturing Plows, farm-type, manufacturing Poultry brooders, feeders, and waterers manufacturing Powered lawnmowers manufacturing Snowblowers and throwers, residential-type, manufacturing Tractors and attachments, lawn and garden-type and farm-type, manufacturing
Source: U.S. Census Bureau

Market Size and Industry Forecast

The Tractors and Agricultural Machinery Manufacturing industry report contains historical and forecasted statistics used by leading private equity firms and consultants. Market sizes from 2020 to 2030 reflect industry trends and growth patterns. Revenues include both public and private companies in the Tractors & Agricultural Machinery Manufacturing industry.

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

Source: U.S. government financial data



Advanced econometric models forecast five years of industry growth based on short- and long-term trend analysis. Market size includes revenue generated from all products and services sold within the industry.

Geographic Breakdown by U.S. State

Market size by state reveals local opportunity through the number of companies located in the region. Each state's growth rate is affected by regional economic conditions. Data by state can be used to pinpoint profitable and nonprofitable locations for Tractors & Agricultural Machinery Manufacturing companies in the United States.

Distribution by Company Size

Company Size	All Industries	Tractors & Agricultural Machinery Manufacturing
Small Business (< 5 Employees)
Small Business (5 - 20)
Midsized Business (20 - 100)
Large Business (100 - 500)
Enterprise (> 500)

Tractors & Agricultural Machinery Manufacturing 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" company (both public and private companies included).

	Industry Average	Percent of Sales
Total Revenue
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
Profit Margin
ROE
ROA
Liquidity Ratios
Current Ratio
Quick Ratio
Activity Ratios
Average Collection Period
Asset Turnover Ratio
Receivables Turnover Ratio
Inventory Conversion Ratio

Tractors & Agricultural Machinery Manufacturing Industry Product Mix

Product Description	Description	Revenue ($ Millions)
Farm machinery and equipment manufacturing
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

Tractors & Agricultural Machinery Manufacturing Industry Compensation and Salary Surveys

Title	Percent of Workforce	Bottom Quartile	Average (Median) Salary	Upper Quartile
Management Occupations	7%
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 $42,945,924 on the tractors & agricultural machinery manufacturing industry. It has awarded 1,253 contracts to 443 companies, with an average value of $96,943 per company.

Top Companies in Tractors & Agricultural Machinery Manufacturing and Adjacent Industries

Company	Address	Revenue ($ Millions)