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2025 U.S. Industry Statistics & Market Forecast - Farm Machinery and Equipment Manufacturing
Market Size & Industry Statistics
The total U.S. industry market size for Farm Machinery and Equipment Manufacturing:
Industry statistics cover all companies in the United States, both public and private, ranging in size from small businesses to market leaders.
In addition to revenue, the industry market analysis shows information on employees, companies, and average firm size.
Investors, banks, and business executives use growth rates and industry trends to understand the market outlook and opportunity.
| Statistics | 2020 2021 2022 2023 2024 | |
|---|---|---|
| Market Size (Total Sales/Revenue) |
Order at top of page | |
| Total Firms | ||
| Total Employees | ||
| Average Revenue Per Firm | ||
| Average Employees Per Firm | ||
| Average Revenue Per Employee | ||
Market Forecast
Market forecasts show the long term industry outlook and future growth trends. The following extended five-year forecast projects both short-term and long-term trends.
| Forecast / Industry Outlook | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|
| Market Forecast ($ millions) | |||||
| Projected Industry Growth Rate (%) | |||||
Industry Insights
Major trends affect the Farm Machinery and Equipment Manufacturing industry include:- Increasing automation and robotics adoption
- Shift towards precision farming
- Rise in demand for environmentally sustainable machinery
- Increased use of telematics and IoT devices
- Fluctuations in raw material prices
- Global supply chain disruptions
- Growth in the biofuels sector
- Government regulations and safety standards
- Expansion of the rental market for farm equipment
- Market consolidation and increased R&D investment
- Adaptation to climate change and weather variability
- Emergence of electric and autonomous tractors
- Development and integration of artificial intelligence technology
- Rising labor costs and workforce shortages
- Expansion in emerging markets with increased mechanization needs
U.S. Geographic Distribution: Revenue Statistics by State
Market Size by State ($ millions) indicates how the industry's competition is distributed throughout the country. State-level information can identify areas with higher and lower industry market share than average.
Income Statement (Average Financial Metrics)
Financial metrics provide a snapshot view of a benchmark "average" company. Key business metrics show revenue and operating costs. The data collected covers both public and private companies.| Industry Average | Percent of Sales (Industry Benchmark) |
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|---|---|---|
| Total Revenue | Order at top of page |
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| Operating Revenue | ||
| Cost of Goods Sold | ||
| Gross Profit | ||
Operating Expenses | ||
| Pension, profit sharing plans, stock, annuity | ||
| Repairs | ||
| Rent paid on business property | ||
| Charitable Contributions | ||
| Depletion | ||
| Domestic production activities deduction | ||
| Advertising | ||
| Compensation of officers | ||
| Salaries and wages | ||
| Employee benefit programs | ||
| Taxes and Licenses | ||
| Bad Debts | ||
| Depreciation | ||
| Amortization | ||
| Other Operating Expenses | ||
| Total Operating Expenses | ||
| Operating Income | ||
| Non-Operating Income | ||
| EBIT (Earnings Before Interest and Taxes) | ||
| Interest Expense | ||
| Earnings Before Taxes | ||
| Income Tax | ||
| Net Profit Net Income | ||
Financial Ratio Analysis
Financial ratio information can be used to benchmark how a Farm Machinery and Equipment Manufacturing company compares to its peers. Accounting statistics are calculated from the industry-average for income statements and balance sheets.| Profitability & Valuation Ratios | Industry Average |
|---|---|
| Company valuation can be measured based on the firm's own performance, as well as in comparison against its industry competitors. These metrics show how the average company in the Farm Machinery and Equipment Manufacturing industry is performing. | |
| Profit Margin Gross Profit Margin, Operating Profit Margin, and Net Profit Margin. Show company earnings relative to revenues. |
|
| Return on Equity (ROE) Return on Equity (ROE) is net income as a percentage of shareholders' equity. Shareholders' Equity is defined as the company's total assets minus total liabilities. ROE shows how much profits a company generates with the money shareholders invested (or with retained earnings). |
|
| Return on Assets (ROA) Return on Assets (ROA) is net income relative to total assets. The market research on Farm Machinery and Equipment Manufacturing measures how efficiently the company leverages its assets to generate profit. ROA is calculated as Net Income divided by Total Assets. |
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| Liquidity Ratios | Industry Average |
|---|---|
| Bankers and suppliers use liquidity to determine creditworthiness and identify potential threats to a company's financial viability. | |
| Current Ratio Measures a firm's ability to pay its debts over the next 12 months. |
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| Quick Ratio (Acid Test) Calculates liquid assets relative to liabilities, excluding inventories. |
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| Efficiency Ratios - Key Performance Indicators | Industry Average |
|---|---|
| Measure how quickly products and services sell, and effectively collections policies are implemented. | |
| Receivables Turnover Ratio If this number is low in your business when compared to the industry average in the research report, it may mean your payment terms are too lenient or that you are not doing a good enough job on collections. |
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| Average Collection Period Based on the Receivables Turnover, this estimates the collection period in days. Calculated as 365 divided by the Receivables Turnover |
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| Inventory Turnover A low turnover rate may point to overstocking, obsolescence, or deficiencies in the product line or marketing effort. |
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| Fixed-Asset Turnover Generally, higher is better, since it indicates the business has less money tied up in fixed assets for each dollar of sales revenue. |
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Compensation & Salary Surveys for Employees
Compensation statistics provides an accurate assessment of industry-specific jobs and national salary averages. This information can be used to identify which positions are most common, and high, low, and average annual wages.| Title | Percent of Workforce | Bottom Quartile | Average (Median) Salary | Upper Quartile |
|---|---|---|---|---|
| Management Occupations | 7% | Order at top of page |
||
| Chief Executives | 0% | |||
| General and Operations Managers | 2% | |||
| Business and Financial Operations Occupations | 6% | |||
| Architecture and Engineering Occupations | 11% | |||
| Engineers | 8% | |||
| Office and Administrative Support Occupations | 9% | |||
| Production Occupations | 50% | |||
| Assemblers and Fabricators | 16% | |||
| Miscellaneous Assemblers and Fabricators | 12% | |||
| Metal Workers and Plastic Workers | 20% | |||
| Machinists | 6% | |||
| Machinists | 6% | |||
| Welding, Soldering, and Brazing Workers | 7% | |||
| Welders, Cutters, Solderers, and Brazers | 6% | |||
| Other Production Occupations | 10% | |||
Farm Machinery and Equipment Manufacturing Competitor Landscape & Key Companies [PREMIUM]
The most influential companies in the Farm Machinery and Equipment Manufacturing industry and adjacent industries either have large market share or are developing new business models and methods that could disrupt the status quo. We look at leading and emerging companies in the Farm Machinery and Equipment Manufacturing industry and adjacent sectors:| Market Leaders: Direct Competitors Companies with the largest market share, focused in this industry |
Market leaders: Diversified Competitors Largest companies that have diversified operations in this and other industries |
| Innovators: Direct Competitors Innovative, Emerging, and Disruptive Companies that may influence the future direction of the industry. |
Innovators: Diversified Competitors Innovators and Disruptors in adjacent industries that may also affect the Farm Machinery and Equipment Manufacturing industry. |
Source:
Latest Industry News
- Indo Farm Equipment IPO Day 3 Highlights: Issue subscribed 229.68 times in total; check latest GMP - Indo Farm Equipment IPO was subscribed a whopping 229.68 times on the last day of the bidding. The IPO received bids for 1,94,53,89,519 shares as against 84,70,000 shares on offer. In the QIB segment, the issue was booked 242.40 times and in the NII segment, it was subscribed 503.83 times. In the retail segment, the IPO garnered 104.92 times bids. (01/03/2025)
- Indo Farm Equipment IPO: Public Issue Subscribed 155x On Final Day; GMP Soars High; Check Key Dates - The Indo Farm Equipment Limited Initial Public Offering (IPO) has captured attention in the stock market, driven by overwhelming investor demand and strong grey market activity. The IPO, which opened on December 31, (01/02/2025)
- Indo Farm Equipment IPO: Public Issue Subscribed 43x On Day 2, GMP Hints Premium Listing; Key Details - The initial public offering (IPO) of Indo Farm Equipment Ltd, a tractor manufacturer, has created a buzz in the stock market with overwhelming demand from investors. As the IPO entered the second day of its subscription period on January 1, (01/01/2025)
- Indo Farm Equipment IPO Day 2 Highlights: Issue booked 54 times so far. Check GMP, other details. Apply or not? - Indo Farm Equipment was subscribed 46.80 times so far on the second day of the book-building process. The qualified institutional buyers (QIB) quota was booked 11.81 times, the non-institutional investors (NII) quota was subscribed 105.56 times and the retail investor portion garnered 41.61 times bids. (12/31/2024)
- Machinery Pete Explains Why 2025 Could Be a Great Year to Buy Equipment - No one knows more about the world of used ag equipment than Machinery Pete. As he peers into his crystal ball, he says the new year could be a good time to buy late-model used machinery because trends point to a turnaround that could happen quickly. (12/30/2024)
- Ag Tech and Machinery Trends to Track for 2025 - Farmers are embracing mixed fleets, retrofit options, spray drones and automation as they stare down another tough year. (12/27/2024)
- Is Deere & Company (DE) Among The Best Heavy Equipment and Industrial Machinery Stocks to Buy? - We recently compiled a list of the 10 Best Heavy Equipment and Industrial Machinery Stocks to Buy. In this article, we are going to take a look at where Deere & Company (NYSE:DE) stands against the (12/23/2024)
- Is Lindsay Corporation (LNN) Among The Best Heavy Equipment and Industrial Machinery Stocks to Buy? - We recently compiled a list of the 10 Best Heavy Equipment and Industrial Machinery Stocks to Buy. In this article, we are going to take a look at where Lindsay Corporation (NYSE:LNN) stands against (12/23/2024)
- Preventing Winter Damage to Farm Machinery and Equipment - Keep your farm equipment well maintained over winter by properly storing batteries, oils, fuels and equipment to prevent condensation, corrosion and rodent damage. (12/22/2024)
- Ag equipment sales soften in 2024 - Farm machinery sales weakened in 2024. Curt Blades with the Association of Manufacturers says the market was soft in all categories to end the year. “Overall tractor sales were down a little over 13 percent for the year, (12/19/2024)
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