Publish Date: August 2026
Updated Tariff & Recession Risk Analysis and Forecasts
The Farm & Construction Equipment Manufacturing Market Report covers the $111.2 billion industry which produces powered systems for agricultural operations, building construction, and infrastructure development. Competitive structure features global equipment corporations with extensive product portfolios alongside specialized manufacturers focused on particular equipment categories or application niches. Market requirements increasingly emphasize productivity enhancement, fuel efficiency, operator comfort/safety, and increasingly autonomous operation and data-driven capabilities. Manufacturers face challenges balancing advanced technology integration, emissions compliance, global market customization, and tariff considerations affecting both component imports and international market access. Successful companies establish advantages through advanced engineering optimizing performance and efficiency, specialized application expertise addressing industry-specific requirements, comprehensive dealer networks ensuring sales and service support, and increasingly telematics and precision control capabilities enhancing operational productivity in a sector where both product performance and support infrastructure determine competitive positioning across diverse equipment categories.
Farm & Construction Equipment Manufacturing Industry Definition
Farm & Construction Equipment Making produces machinery used in agriculture, building construction, mining, and forestry that enhances productivity through mechanized operations. Companies design, fabricate, and assemble specialized equipment that performs functions including earth moving, materials handling, crop harvesting, and site preparation. Manufacturing processes include steel fabrication, machining of precision components, hydraulic system integration, powertrain assembly, control system installation, testing, and finishing operations that create complete equipment units. These businesses create capital equipment that multiplies human capabilities in primary economic sectors. The industry continuously improves equipment performance, operator comfort, fuel efficiency, and durability while increasingly incorporating advanced technologies including GPS guidance, automation, and data connectivity that enhance precision and productivity in earthmoving, material handling, and agricultural operations.
NAICS Code: 3331
Total # of Companies: 2,471
Total # of Factories / Facilities: 2,843
Industry Employees: 199,474
Market Size: $111.2 billion
TARIFF IMPACT (Summer 2025 – Download Report for Updated Analysis)
This report has in-depth analysis on the recent US tariff changes on material costs, quantifying import dependencies, tariff exposure rates, and key source countries for the farm & construction equipment manufacturing sector.
Estimated Tariff Cost: $6.1 billion
Relative Tariff Impact: VERY HIGH
Farm & Construction Equipment Manufacturing Report Format
The 2026 U.S. Farm & Construction Equipment Manufacturing Market Report is 63 pages of deep insights into the trends, dynamics, and forecasts shaping the industry. You can use this market report to develop a comprehensive fact base on the industry for business strategy, planning, forecasting, benchmarking, industry analysis, valuations, identifying organizational inefficiencies, financial analysis, and more.
This report covers more than 100 statistical data sets with historical trend data from 2017 to 2025, and 2026 and 2030 forecasts. The report includes market size & growth, in-depth OPEX analysis on 26 categories, extensive financial analysis, forecasts on 100+ data sets, inventory statistics, composition of balance sheets, segmentation by business size and structure, top 50 companies analysis, material costs benchmarks, profit margin analysis, state metrics analysis, plant productivity benchmarks, employee role analysis, inflation trend benchmarks, wage analysis, revenue per employee trends, and numerous other data sets.
Below are a few page images from the report and check out the table of contents for a complete overview.
Report Table of Contents
Explore the below table of contents to understand the extensive statistical data sets in this report and why thousands of executives, consultants, bankers, accountants, and other professionals trust Kentley Insights for their market research needs.
The data source for the report is extensive annual expense, revenue, wage, operational, and economic surveys administered by federal and private institutions and filled out by a majority of companies in the farm & construction equipment manufacturing industry. The forecasts in the report are modeled by our research analysts using the latest economic forecasts, industry analysis, and historical trends.
1-2 – Market Report Overview & Contents
3 – Market Overview
– Data Sources & Methodology
– Sector Definition & Examples
– Market Commentary
4 – Report Synopsis – Revenue & Growth
5 – Report Synopsis – Costs & Profitability
SECTION ONE
REVENUE & GROWTH
7 – Market Size Details
– Industry Revenues, Companies, & Facilities
– Analysis 2017-2025
– 2026 & 2030 Forecasts
8 – Growth Benchmarks
– Sales per Company and Plant
– Analysis 2017-2025
– 2026 & 2030 Forecasts
9 – Product Lines Revenue
10 – BCG Matrix – Income vs. Revenue Growth
11 – Total Industry Sales by Month & Year (2021-2025)
12 – Inventory Value by Month & Year (2021-2025)
13 – Months of Inventory (2021-2025)
14 – Sector Revenue by Segments
– Business Concentration, Size, & Structure
15 – Market Size by State
– Market Size and Rankings
16 – Market Size as a % of State GDP
17 – Sales as a % of State Manufacturing
18 – Market Segmentation by Business Size
19 – Market Segmentation by Business Size
– Business Size Segments – 1-4, 5-9, 10-20, 21-50, 51-100, 101-250, & 250+ employees
– Companies, Facilities, Sales, Employees & Payroll
20 – Segmentation by Concentration (Top 50 Companies)
– Concentration Segments – Top 4, 5-8, 9-20, & 21-50 companies
– Companies, Facilities, Sales, Employees & Payroll
21 – Market Share of Top 50 Companies
22 – Subsector Market Share of Top 50 Companies
23 – Segmentation by Business Structure
– Business Structure Segments – C-Corporations, S-Corporations, Partnerships, & Sole Proprietorships
– Companies, Facilities, Sales, Employees & Payroll
24 – Revenue per Company by State
25 – Revenue per Company by Segments
26 – Revenue per Facility by State
27 – Revenue per Facility by Segment
28 – Subsector Market Size & Growth
29 – Subsector Sales per Company & Plant
30 – 5-Year Consolidation Analysis
31 – Employment Consolidation Analysis
32 – Subsector Consolidation Analysis
– Number of Companies & Facilities
33 – Subsector Consolidation Analysis
– Facilities & Employees per Company
COST, CAPITAL & FINANCIALS
35 – Profitability & Financial Ratio Analysis
Page 36 – Balance Sheet Metrics
– Assets and Liabilities indexed to industry revenue at 100
– 16 Current & Non-Current Assets Categories
– 15 Short-term, Long-term Liabilities, & Net Worth
37 – OPEX
– Industry OPEX Analysis
– 2017-2025 Trends, 2026 & 2030 Forecasts
38 – OPEX by Company & Plant
– OPEX per Company & Plant
– 2017-2025 Trends, 2026 & 2030 Forecasts
Page 39 – OPEX Detail
– 6 Employee Expense Categories
– 8 Cost of Material Categories
– 6 Buildings and Equipment Categories
– 8 Other Operating Expense Categories
-Inventory Breakdown: finished goods, work-in-progress, materials and supplies
40 – Production Material Costs & Tariff Analysis
– Top Production Material Costs Breakdown
– Industry & Material Tariff Analysis – % of costs, import %, tariff costs, source countries
41 – Producer Pricing Index
– 2017-2025 Trends, 2026 & 2030 Forecasts
– Monthly PPI Figures for the Past 4 Years
42 – Plant Utilization & Hours
– Plant Utilization Rate
– Plant Operational Hours per Week
– 2022-2025 Historical Figures by Quarter
43 – Reasons for Non-Full Production
– 7 Categories Quarterly Survey Results for Past 2 Years
44 – Productivity & Employment
– Revenue per Employee
– Total Number of Employees
– Employees per Company
– 2017-2025 Trends, 2026 & 2030 Forecasts
45 – Employee Productivity by Segments
46 – Employee Productivity by State
47 –Subsector Sales & Payroll per Employee
48 – Payroll
– Payroll per Employee, Company, & Plant
– 2017-2025 Trends, 2026 & 2030 Forecasts
49 – Payroll per Company by Segments
50 – Payroll per Plant by Segments
51 – Payroll per Employee by Segments
52 – Payroll per Employee by State
53 – Employee Composition
– % of Employees for 27 Job Categories
54 – Job Categorization Pay Ranges
– Pay Bands – Bottom 10% & 25%, Mean, Top 25% & 10%
55 – Top 20 Jobs Breakdown
56 – Top 20 Jobs Pay
– Pay Bands
57 – Employees per Company by Segments
58 – Employees per Plant by Segments
59 – Facilities per Company by Segments
60 – Total Employment by State
61 – Population to Every Employee by State
62 – Employees per Facility by State
63 – Overview of Kentley Insights
Download a Sample Report
Below is a free sample report download. The 2026 Farm & Construction Equipment Manufacturing Market Report has the same layout and data sets as the sample report.
Product Lines, Materials, and Jobs Covered in Report
PRODUCT LINES
Agricultural implement manufacturing
Construction machinery manufacturing
Mining and oil and gas field machinery manufacturing
MATERIAL COST CATEGORIES
Materials, ingredients, containers, and supplies, nsk
Cost of all other materials and components, parts, containers, and supplies consumed
Farm machinery and equipment
Gas engines (excluding aircraft, automobile, and marine); diesel, semidiesel; and piston-type natural gas engines, and parts
Fluid power pumps, motors, and hydrostatic transmissions (hydraulic and penumatic), including parts
Steel bars (including concrete reinforcing bars), bar shapes, and plate (excluding castings, forgings, and fabricated)
Misc. fabricated metal products (excluding hardware, containers, screw machine, bearing components, castings, forgings, and wire)
Steel structural shapes and sheet piling (excluding castings, forgings, and fabricated metal products)
Steel sheet, steel strip, and tin mill products
Motor vehicle transmission and power train parts
Tires and inner tubes
Metal forgings
Electric motors, generators, and parts
Rubber and plastics hose and belting
Iron and steel castings
Motor vehicle chassis
Misc. iron, steel, and ferroalloy ingot, shapes, and forms (excluding castings, forgings, bars, structural, wire, sheet, strip)
Metal valves, pipe fittings, and related assemblies (excluding fluid power and forgings)
Fluid power hose, tube fittings, valves and assemblies (hydraulic and pneumatic)
Mechanical speed changers, gears, and industrial high-speed drives
INDUSTRY JOBS ANALYZED
Metal Workers and Plastic Workers
Assemblers and Fabricators
Other Production Occupations
Engineers
Material Moving Workers
Business Operations Specialists
Other Installation, Maintenance, and Repair Occupations
Material Recording, Scheduling, Dispatching, and Distributing Workers
Supervisors of Production Workers
Sales Representatives, Wholesale and Manufacturing
Drafters, Engineering Technicians, and Mapping Technicians
Operations Specialties Managers
Top Executives
Financial Clerks
Other Office and Administrative Support Workers
Information and Record Clerks
Construction Trades Workers
Financial Specialists
Secretaries and Administrative Assistants
Other Management Occupations
About Kentley Insights
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