The market is dominated by domestic suppliers, as imports account for 27.8% of total market size in 2022. B2B drives market demand, with B2B spending representing 87.0% of total demand in 2022. The US has the largest market size for agricultural and forestry machinery across the top 20 developed countries, with demand reaching USD62.6 billion in 2022. Deere & Co is the largest company in the US, generating 19.5% of the industry’s total production value in 2022. The industry is concentrated, with the top five companies generating 63.5% of total production value in 2022. The total number of companies increases in 2022, to 2,494 units. The costs of the industry increase by 8.6% in 2022, largely driven by rising B2B costs. The industry’s profitability increases and stands at 13.9% of production value in 2022, the fourth highest across the top 20 developed countries. The industry’s exports share decreases in 2022 to 9.2% of total production output. With production value of USD40.0 billion, the US accounts for 89.8% of the North America total in 2022.
Delivery:
Files are delivered directly into your account soon after payment is received and any tax is certification is verified (where applicable).
This report comes in PDF.
This Euromonitor industrial report provides unique information on Agricultural and Forestry Machinery in the US: ISIC 2921. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Agricultural and Forestry Machinery in the US: ISIC 2921 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
This is the aggregation of general purpose machinery and special purpose machinery.
See All of Our DefinitionsIf you purchase a report that is updated in the next 60 days, we will send you the new edition and data extraction Free!