Industry Statistics and Trends
Market size and recent performance (2015-2030)
Industry revenue has grown at a CAGR of 6.9 % over the past five years, to reach an estimated $6.8bn in 2025.
Trends and Insights
Canadian crop income collapse drives sharp contraction in farm equipment purchasing demand
- As of Statistics Canada's latest report on the subject in 2025, Canadian realized net farm income plummeted in 2024, falling 25.9% to reach $9.4 billion, the largest percentage decline since 2018, due to collapsing crop prices across major grain and oilseed commodities. Prairie provinces particularly suffered, with Saskatchewan experiencing a $1.3 billion income decline driven primarily by lower crop revenues, while Ontario faced weather-induced yield pressures during an exceptionally dry 2025 growing season. Crop receipts declined 6.2% to $52.1 billion in 2024, representing the largest percentage drop since 2003 as ample domestic and international supplies pushed grain and oilseed prices to multi-year lows.
- Additional trends and insights available with purchase
Source: IBISWorld
Industry outlook (2025-2030)
Market size is projected to grow over the next five years.
Trends and Insights
Despite short-term struggles, long-term agricultural productivity gains will provide steady demand
- Canadian agricultural production and market signals show a complex outlook for the 2025-2026 season. Total principal field crop production is forecast at 94.2 million tonnes, slightly below the previous year, yet still above the five-year average. However, prices for most crops, including wheat and barley, are expected to decline due to strong global supplies and competition, weighing on farm revenues. While this dip in prices and production is a challenge, the Canadian Occupational Projection System projects that agricultural productivity will grow steadily, at an average annual rate of 2.9% from 2024 to 2033, helping support long-term sector health.
Biggest companies in the Tractors & Agricultural Machinery Manufacturing in Canada
| Company | Market Share (%)
2025 | Revenue ($m)
2025 | Profit ($m)
2025 | Profit Margin (%)
2025 |
|---|---|---|---|---|
Linamar Corporation | 582.1 | 120.7 | 20.7 | |
CNH Global | 498.9 | 64.7 | 13.0 |
To view the market share and analysis for all 2 top companies in this industry, view purchase options.
Products & Services Segmentation
Source: IBISWorld
Industry revenue is measured across several distinct product and services lines, including Tractors and attachments, Harvesting machinery and consumer products and Dairy farm equipment. Tractors and attachments is the largest segment of the Tractors & Agricultural Machinery Manufacturing in Canada.
Trends and Insights
Canadian harvesting machinery demand leads industry growth
- Harvesting machinery includes combines, forage harvesters and attachments designed to collect, separate and process crops efficiently, while consumer products capture smaller-scale equipment suited for non-commercial users.
- More insights available in the full report
Table of Contents
About this industry
Industry definition
The Tractors and Agricultural Machinery Manufacturing industry in Canada manufactures agricultural machinery and equipment and powered home lawn and garden equipment. Agricultural equipment includes tractors, harvesting and seeding machinery and other machinery, such as grinders, mixers, wool presses and windmills.
What's included in this industry?
Products and services covered in the Tractors & Agricultural Machinery Manufacturing industry in Canada include Manufacturing farm tractors and attachments, Manufacturing harvesting equipment and machinery, Manufacturing irrigation equipment, Manufacturing seeders, Manufacturing sprayers and spreaders, Manufacturing powered-agricultural mowers and Manufacturing livestock feeding and watering equipment.Companies
Companies covered in the Tractors & Agricultural Machinery Manufacturing industry in Canada include Linamar Corporation and CNH Global.Purchase this report to view all 2 major companies in this industry.
Related Terms
Related terms covered in the Tractors & Agricultural Machinery Manufacturing industry in Canada include combine, seeder and tillage.Industry Code
NAICS 333110 - Tractors & Agricultural Machinery Manufacturing in Canada
Performance
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Analyst insights
Canadian agricultural machinery manufacturers are facing challenges as farmer income drops significantly, prompting a shift towards maintaining existing machinery rather than ...
In this chapter (4)
- Current Performance
- Outlook
- Volatility
- Life Cycle
Key metrics
- Annual Revenue, Recent Growth, Forecast, Revenue Volatility
- Number of Employees, Recent Growth, Forecast, Employees per Business, Revenue per Employee
- Number of Businesses, Recent Growth, Forecast, Employees per Business, Revenue per Business
- Total Profit, Profit Margin, Profit per Business
Charts
- Revenue, including historical (2015-2024) and forecast (2025-2030)
- Employees, including historical (2015-2024) and forecast (2025-2030)
- Businesses, including historical (2015-2024) and forecast (2025-2030)
- Profit, including historical (2015-2025)
- Industry Volatility vs. Revenue Growth
- Industry Life Cycle
Detailed analysis
- Trends in supply, demand and current events that are driving current industry performance
- Expected trends, economic factors and ongoing events that drive the industry's outlook
- Key success factors for businesses to overcome volatility
- How contribution to GDP, industry saturation, innovation, consolidation, and technology and systems influence the industry's life cycle phase.
Products and Markets
Learn about an industry's products and services, markets and trends in international trade.
Analyst insight
With a heavy reliance on US markets, Canadian agricultural equipment exports face significant risks when the American agricultural sector struggles, compounded by trade volati...
In this chapter
- Products & Services
- Major Markets
- International Trade
Key metrics
- Largest market segment and value in 2025
- Product innovation level
- Total imports, level and trend
- Total exports, level and trend
- Trade Balance
Charts
- Products & services segmentation in 2025
- Major market segmentation in 2025
- International trade, including imports by country and exports by country
Detailed analysis
- Trends impacting the recent performance of the industry's various segments
- Innovations in the industry's product or service offering, specialization or delivery method
- Key factors that successful businesses consider in their offerings
- Buying segments and key trends influencing demand for industry products and services
- Recent trends in import and export volumes, country of origin or destination, and expected future trends
Geographic Breakdown
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Analyst insights
The Prairie provinces, especially Saskatchewan, are pivotal for agricultural equipment manufacturing in Canada, benefiting from direct connections with vast grain and oilseed ...
In this chapter (1)
- Business Locations
Charts
- Share of revenue, establishment, wages and employment in each province
- Share of population compared to establishments in each region in 2025
Tables
- Number and share of establishments in each province in 2025
- Number and share of revenue each province accounts for in 2025
- Number and share of wages each province accounts for in 2025
- Number and share of employees in each province in 2025
Detailed analysis
- Geographic spread of the industry across North America, and trends associated with changes in the business landscape
- Key success factors for businesses to use location to their advantage
Competitive Forces
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Analyst insights
Many of the largest companies operating in Canada, such as CNH, are internationally based. This creates challenges for domestic manufacturers trying to compete with well-fund...
In this chapter (4)
- Concentration
- Barriers to Entry
- Substitutes
- Buyer & Supplier Analysis
Key metrics
- Industry concentration level
- Industry competition level and trend
- Barriers to entry level and trend
- Substitutes level and trend
- Buyer power level and trend
- Supplier power level and trend
Charts
- Market share concentration among the top 4 suppliers from 2020-2025
- Supply chain including upstream supplying industries and downstream buying industries, flow chart
Detailed analysis
- Factors impacting the industry’s level of concentration, such as business distribution, new entrants, or merger and acquisition activity.
- Key success factors for businesses to manage the competitive environment of the industry.
- Challenges that potential industry entrants face such as legal, start-up costs, differentiation, labor/capital intensity and capital expenses.
- Key success factors for potential entrants to overcome barriers to entry.
- Competitive threats from potential substitutes for the industry’s own products and services.
- Key success factors for how successful businesses can compete with substitutes.
- Advantages that buyers have to keep favorable purchasing conditions.
- Advantages that suppliers have to maintain favorable selling conditions.
- Key success factors for how businesses can navigate buyer and supplier power.
Companies
Learn about the performance of the top companies in the industry.
Analyst insights
Linamar's acquisition of Bourgault Industries has broadened its agricultural offerings, integrating seeder technologies with existing product lines. This diversification posi...
In this chapter
- Market Share Concentration
- Companies
- Company Spotlights
Charts
- Industry market share by company in 2021 through 2025
- Major companies in the industry, including market share, revenue, profit and profit margin in 2025
- Overview of Linamar Corporation's performance by revenue, market share and profit margin from 2019 through 2025
- Overview of CNH Global's performance by revenue, market share and profit margin from 2019 through 2025
Detailed analysis
- Description and key data for Linamar Corporation, and factors influencing its performance in the industry
- Description and key data for CNH Global, and factors influencing its performance in the industry
External Environment
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Analyst insights
Manufacturers must adhere to emissions standards covering pollutants such as NOx and particulate matter. Aligning with US EPA standards is also crucial for accessing export m...
In this chapter
- External Drivers
- Regulation & Policy
- Assistance
Key metrics
- Regulation & policy level and trend
- Assistance level and trend
Charts
- Regulation & Policy historical data and forecast (2015-2030)
- Assistance historical data and forecast (2015-2030)
Detailed analysis
- Demographic and macroeconomic factors influencing the industry, including Regulation & Policy and Assistance
- Major types of regulations, regulatory bodies, industry standards or specific regulations impacting requirements for industry operators
- Key governmental and non-governmental groups or policies that may provide some relief for industry operators.
Financial Benchmarks
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Analyst insights
Manufacturers are facing profit pressures as struggling farmer incomes have made it difficult to raise equipment prices. With farmers cutting back on purchases, manufacturers...
In this chapter
- Cost Structure
- Financial Ratios
- Key Ratios
Key metrics
- Profit margin, and how it compares to the sector-wide margin
- Average wages, and how it compares to the sector-wide average wage
- Largest cost component as a percentage of revenue
- Industry average ratios for days' receivables, industry coverage and debt-to-net-worth ratio
Charts
- Average industry operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2025
- Average sector operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2025
- Investment vs. share of economy
Data tables
- Liquidity Ratios (2018-2023)
- Coverage Ratios (2018-2023)
- Leverage Ratios (2018-2023)
- Operating Ratios (2018-2023)
- Assets (2018-2023)
- Liabilities (2018-2023)
- Cash Flow & Debt Service Ratios (2015-2030)
- Revenue per Employee (2015-2030)
- Revenue per Enterprise (2015-2030)
- Employees per Establishment (2015-2030)
- Employees per Enterprise (2015-2030)
- Average Wage (2015-2030)
- Wages/Revenue (2015-2030)
- Establishments per Enterprise (2015-2030)
- IVA/Revenue (2015-2030)
- Imports/Demand (2015-2030)
- Exports/Revenue (2015-2030)
Detailed analysis
- Trends in the cost component for industry operators and their impact on industry costs and profitability
Key Statistics
Industry Data
Data Tables
Including values and annual change:
- Revenue (2015-2030)
- IVA (2015-2030)
- Establishments (2015-2030)
- Enterprises (2015-2030)
- Employment (2015-2030)
- Exports (2015-2030)
- Imports (2015-2030)
- Wages (2015-2030)
Top Questions Answered
Unlock comprehensive answers and precise data upon purchase. View purchase options.
What is the market size of the Tractors & Agricultural Machinery Manufacturing industry in Canada in 2025?
The market size of the Tractors & Agricultural Machinery Manufacturing industry in Canada is $6.8bn in 2025.
How many businesses are there in the Tractors & Agricultural Machinery Manufacturing industry in Canada in 2025?
There are 484 businesses in the Tractors & Agricultural Machinery Manufacturing industry in Canada, which has declined at a CAGR of 0.5 % between 2020 and 2025.
How may import tariffs affect the Tractors & Agricultural Machinery Manufacturing industry in Canada?
The Tractors & Agricultural Machinery Manufacturing industry in Canada is likely to be significantly impacted by import tariffs with imports accounting for a high share of industry revenue.
How may export tariffs affect the Tractors & Agricultural Machinery Manufacturing industry in Canada?
The Tractors & Agricultural Machinery Manufacturing industry in Canada is likely to be significantly impacted by export tariffs with exports accounting for a high share of industry revenue.
Has the Tractors & Agricultural Machinery Manufacturing industry in Canada grown or declined over the past 5 years?
The market size of the Tractors & Agricultural Machinery Manufacturing industry in Canada has been growing at a CAGR of 6.9 % between 2020 and 2025.
What is the forecast growth of the Tractors & Agricultural Machinery Manufacturing industry in Canada over the next 5 years?
Over the next five years, the Tractors & Agricultural Machinery Manufacturing industry in Canada is expected to grow.
What are the biggest companies in the Tractors & Agricultural Machinery Manufacturing industry in Canada?
The biggest companies operating in the Tractors & Agricultural Machinery Manufacturing industry in Canada are Linamar Corporation and CNH Global
What does the Tractors & Agricultural Machinery Manufacturing industry in Canada include?
Manufacturing farm tractors and attachments and Manufacturing harvesting equipment and machinery are part of the Tractors & Agricultural Machinery Manufacturing industry in Canada.
Which companies have the highest market share in the Tractors & Agricultural Machinery Manufacturing industry in Canada?
The company holding the most market share in the Tractors & Agricultural Machinery Manufacturing industry in Canada is Linamar Corporation.
How competitive is the Tractors & Agricultural Machinery Manufacturing industry in Canada?
The level of competition is moderate and steady in the Tractors & Agricultural Machinery Manufacturing industry in Canada.
Methodology
How are IBISWorld reports created?
IBISWorld has been a leading provider of trusted industry research for over 50 years to the most successful companies worldwide. With offices in Australia, the United States, the United Kingdom, Germany and China, we are proud to have local teams of analysts that conduct research, data analysis and forecasting to produce data-driven industry reports.
Our analysts start with official, verified and publicly available sources of data to build the most accurate picture of each industry. Analysts then leverage their expertise and knowledge of the local markets to synthesize trends into digestible content for IBISWorld readers. Finally, each report is reviewed by one of IBISWorld’s editors, who provide quality assurance to ensure accuracy and readability.
IBISWorld relies on human-verified data and human-written analysis to compile each standard industry report. We do not use generative AI tools to write insights, although members can choose to leverage AI-based tools within the platform to generate additional analysis formats.
What data sources do IBISWorld analysts use?
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
Key data sources in Canada include:
- Statistics Canada
- Industry Canada
- Canadian Business Patterns
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
- Industry and trade associations
- Industry federations or regulators
- Major industry players annual or quarterly filings
Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.
How does IBISWorld forecast its data?
IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.
IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools. We are proud to be the keystone source of industry information for thousands of companies across the world.
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