The market is dominated by domestic suppliers, as imports account for 29.4% of total market size in 2023. B2B drives market demand, with B2B spending representing 82.4% of total demand in 2023. The US has the largest market size for agricultural and forestry machinery across the top 20 developed countries, with demand reaching USD69.2 billion in 2023. Deere & Co is the largest company in the US, generating 19.7% of the industry’s total production value in 2023. The industry is fragmented, with the top five companies generating 35.2% of total production value in 2023. The total number of companies increases in 2023, to 2,573 units. The costs of the industry increase by 0.5% in 2023, largely driven by rising labour costs. The industry’s profitability increases and stands at 13.4% of production value in 2023, the third highest across the top 20 developed countries. The industry’s exports share increases in 2023 to 10.7% of total production output. With production value of USD42.7 billion, the US accounts for 90.5% of the North America total in 2023.
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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.
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