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Tractors & Agricultural Machinery Manufacturing in New Mexico

Author.Name IBISWorld United States Last Updated: August 2025 NAICS NM33311

Tractors & Agricultural Machinery Manufacturing in New Mexico industry analysis

The Tractors & Agricultural Machinery Manufacturing industry in New Mexico is expected to decline an annualized -x.x% to $x.x million over the five years to 2025, while the national industry will likely decline at -x% during the same period. Industry establishments decreased an annualized -x.x% to x locations. Industry employment has decreased an annualized -x.x% to xx workers, while industry wages have decreased an annualized -x.x% to $x.x million.

Over the five years to 2030, the industry is expected to decline an annualized -x.x% to $x.x million, while the national industry is expected to decline -x.x%. Industry establishments are forecast to stagnate x% to x locations. Industry employment is expected to decrease an annualized -x% to xx workers, while industry wages are forecast to decrease -x% to $x.x million.

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About the Tractors & Agricultural Machinery Manufacturing in New Mexico Market Research Report

What’s Included in the Tractors & Agricultural Machinery Manufacturing in New Mexico Market Research Report

Definition of the Tractors & Agricultural Machinery Manufacturing in New Mexico?

Industry producers manufacture agricultural machinery and equipment, in addition to powered lawn and garden equipment for homes. Key agricultural equipment includes tractors, harvesting and seeding machinery, grinders, mixers, wool presses, windmills and other hardware.

What’s included in the Tractors & Agricultural Machinery Manufacturing in New Mexico?

The Tractors & Agricultural Machinery Manufacturing in New Mexico includes manufacturing farm tractors and attachments, manufacturing harvesting equipment and machinery, manufacturing consumer lawn, garden and snow equipment, manufacturing commercial turf and grounds equipment, manufacturing farm dairy equipment, sprayers, dusters and blowers and manufacturing other farm machinery and equipment. Related terms covered in the Tractors & Agricultural Machinery Manufacturing in New Mexico industry report includes the agricultural preparation of the soil by plowing, ripping or turning it, an agricultural device used to plant seeds in well-spaced rows at specific depths and rates, a row of hay or grain raked up to dry before being rolled or pitched into cocks, a curved device attached to the rear of a mowing machine's cutter bar for use on windrow, a harvesting machine that heads, threshes and cleans grain while moving over a field, the amount of crop that is harvested per unit of land area, often measured in bushels per acre or tons per hectare. it is a key indicator of agricultural productivity and an agricultural management concept based on observing, measuring and responding to inter- and intra-field variability in crops. it aims to optimize field-level management practices to improve crop performance.

Industry Performance of the Tractors & Agricultural Machinery Manufacturing industry in New Mexico

Benchmark the Tractors & Agricultural Machinery Manufacturing in New Mexico industry performance with all NM county and national performance.

Tractors & Agricultural Machinery Manufacturing in New Mexico

#45 in Highest Revenue 0% of state's GDP
Revenue (2025)
Annual Growth (2020-25)
Annual Growth (2025-30)

Tractors & Agricultural Machinery Manufacturing in the US


Revenue (2025)
Annual Growth (2020-25)
Annual Growth (2025-30)

For the full list of industry drivers, see report purchase options.

Key Drivers of the Tractors & Agricultural Machinery Manufacturing industry in New Mexico

See how key industry drivers, such as population, per capita disposable income, median houshold income, agricultural price index, trade-weighted index and prime rate are impacting Tractors & Agricultural Machinery Manufacturing in New Mexico

New Mexico Economic Indicators

Population
Per Capita Disposable Income
Median Houshold Income

View more economic information in NM State Economic profile

US Key External Drivers

Agricultural price index
Trade-weighted index
Prime rate

For the full list of industry drivers, see report purchase options.

County Data of the Tractors & Agricultural Machinery Manufacturing industry in New Mexico

Access proprietary data on county in the Tractors & Agricultural Machinery Manufacturing in New Mexico, such as Dona Ana County, Bernalillo County and San Juan County. Data includes figures on revenue, establishments, employees and wages by counties.

Key Statistics of the Tractors & Agricultural Machinery Manufacturing industry in New Mexico

Download 18 years of historical data and 5 years of projected performance.

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Top Questions Answered in this Report

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What is the market size of the Tractors & Agricultural Machinery Manufacturing industry in New Mexico in 2025?

The market size of the Tractors & Agricultural Machinery Manufacturing industry in New Mexico is $7.4m in 2025.

How many businesses are there in the Tractors & Agricultural Machinery Manufacturing industry in New Mexico in 2025?

There are 5 businesses in the Tractors & Agricultural Machinery Manufacturing industry in New Mexico, which has been declining at an average annual rate of -3.6% from 2020 to 2025.

Has the Tractors & Agricultural Machinery Manufacturing industry in New Mexico grown or declined over the past 5 years?

The market size of the Tractors & Agricultural Machinery Manufacturing industry in New Mexico has been declining at an average annual rate of -14.7% from 2020 to 2025.

How many employees in the Tractors & Agricultural Machinery Manufacturing industry in New Mexico in 2025?

There are 42 employees in the Tractors & Agricultural Machinery Manufacturing industry in New Mexico, which has been declining at an average annual rate of -8.1% from 2020 to 2025.