Hedged in: Strong import competition causes industry revenue to decline

IBISWorld’s Agricultural Machinery Manufacturing market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.


Market Share of Companies
There are no companies with a dominant market share in this industry
Industry Statistics & Market Size
Annual Growth
2012 - 2017
Annual Growth
2017 - 2022

Industry Threats & Opportunities

  • Increased demand from the agricultural sector has helped to limit industry falls
  • Firms have faced higher input costs as prices for plastic and rubber components increased
  • Increasing competition from foreign manufacturers will push demand for industry products lower

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    Industry Analysis & Industry Trends

    The Agricultural Machinery Manufacturing industry has been characterised by import competition and mixed operating conditions over the past five years. Although many downstream agricultural markets have benefited from higher food and commodity prices, uncertain weather conditions, declines in private capital expenditure on machinery and equipment, and lower production volumes from agricultural machinery manufacturers have hindered the industry. While the agricultural sector expanded over the five years through 2016-17, a greater proportion of agricultural equipment was supplied by imports.

    Increased demand from the agricultural sector has helped to limit industry falls over the past five years...

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    Industry Report - Industry Locations Chapter

    Industry enterprises are mainly concentrated in New South Wales, Victoria and Queensland. These three states are estimated to account for 76.3% of businesses in 2015-17, while accounting for a similar share of the total population. Industry manufacturers typically establish operations in these areas as they account for the majority of Australia's agricultural produce, have the best access to ports and railways, and generate a large proportion of total economic activity.

    Victoria makes up for the largest proportion of industry enterprises due to high farming volumes and extensive manufacturing facilities. Queensland accounts for a large share of enterprises due to its diverse agricultural sector. The state produces a range of crops including sugarcane, oilseeds and grains. Ind..

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    Additional Insights for the Agricultural Machinery Manufacturing Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Agricultural Machinery Manufacturing Industry are

  • Economies of scale
  • Having an extensive distribution/collection network
  • Production of premium goods/services
  • IBISWorld analysts also discuss how external factors such as Demand from agriculture and Private capital expenditure on machinery and equipment in the Agricultural Machinery Manufacturing industry impact industry performance..

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    New Zealand Special Report

    Industry Products

    What is the Agricultural Machinery Manufacturing Industry?

    Industry firms primarily manufacture agricultural machinery, equipment and specialised parts. This machinery includes lawnmowers, and planting and harvesting equipment. Firms that mainly repair agricultural equipment and machinery are excluded from the industry.

    Industry Products
    Planting machinery
    Harvesting machinery
    Agricultural machinery and parts
    Industry Activities
    Agricultural harvesting equipment
    Agricultural implement (except garden tools)
    Agricultural planting equipment
    Irrigation equipment
    Mowing equipment
    Tractor attachment

    Table of Contents

    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    Executive Summary
    Key External Drivers
  • Demand from agriculture
  • Private capital expenditure on machinery and equipment
  • Value of merchandise trade imports
  • Realised farm income
  • Trade-weighted index
  • Level of annual rainfall

  • Current Performance
  • Chart: Revenue Growth

  • Industry Outlook
  • Revenue and profitability
  • Rising competition
  • Declining enterprise numbers and exports
  • Potential opportunities
  • Table: Agricultural Machinery Manufacturing Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Agricultural Machinery Manufacturing Industry Lifecycle vs The Economy

  • Products & Markets
    Supply Chains
    Key Buying Industries
  • Farm and Construction Machinery Wholesaling
  • Machinery and Scaffolding Rental
  • Local Government Administration
  • Gardening Services
  • Agribusiness
  • Organic Farming

  • Key Selling Industries
  • Iron Smelting and Steel Manufacturing
  • Power Automation Products and Other Electrical Equipment Manufacturing

  • Products & Services
  • Planting machinery
  • Agricultural machinery and parts
  • Harvesting machinery
  • Chart: Agricultural Machinery Manufacturing Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Crop farmers
  • Livestock producers
  • Horticulturists
  • Wholesalers
  • Viticulturists
  • Chart: Major Market Segmentation for the Agricultural Machinery Manufacturing Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Purchases
  • Wages
  • Depreciation, rent and utilities
  • Other
  • Chart: Cost Structure Benchmarking – Sector vs Agricultural Machinery Manufacturing

  • Basis of Competition
  • Internal
  • External

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Agricultural Machinery Manufacturing Industry

  • Industry Globalization
    Major Companies
    There are no major players in this industry
    Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Agricultural Machinery Manufacturing Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Key Statistics
    Table: Industry Data for the Agricultural Machinery Manufacturing Industry
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Exports (2008-2022)
  • Imports (2008-2022)
  • Wages (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Jargon & Glossary
    Crawler Tractor
  • A construction and agricultural tractor that moves on tracks rather than wheels.
  • Cultivator
  • Farm machinery used to stir and pulverise soil, either before planting or to remove weeds, and to loosen and aerate soil.
  • Seeder
  • An agricultural machine used to plant seeds in the soil.
  • Tillage
  • The agricultural preparation of soil by mechanical agitation.
  • Viticulture
  • The production and study of grapes, primarily to produce wine.
  • Why buy this report?

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Agricultural Machinery Manufacturing:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Agricultural Machinery Manufacturing market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Agricultural Machinery Manufacturing, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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