The European Union accounts for a large portion of agricultural machinery manufacturing. In 2014, the industry was valued at 28 billion euros, or about twenty percent of the world’s production. Germany led the way with a share of 27.3% of the market, followed by France and Italy, which each contributed an estimated 14.5%. All of the leading international manufacturers have several production facilities on the continent. The products manufactured at these facilities are primarily destined for the highest-end customers in the agricultural equipment industry.
Agricultural machinery manufacturing began in the 19th century in Britain and the United States. The tools of farming were the plough and sickle, and blacksmiths in local communities fabricated iron implements. In addition to being blacksmiths, these blacksmiths also served as farriers and blacksmiths. These artisanal shops eventually grew into manufacturing businesses. A major American manufacturer, John Deere, began producing ploughs in the 1840s.
Other agricultural machinery manufacturing companies have a variety of products for a wide range of agricultural needs. These products range from tractors to rakes to silage trailers. Agricultural equipment manufacturers can use Flowlens to streamline their manufacturing processes, improve production forecasts, and see exactly how much work is being performed on each project. The ability to view production schedules, projects, and workloads across departments helps them make more informed decisions.
As the number of farmers and rural residents grows, demand for agricultural machinery is likely to continue to grow. Despite the booming economy, demand for farm equipment isn’t expected to increase significantly until at least the mid-2020s. And while developed economies are the main driver of this demand, emerging economies are also highly cost-sensitive and will take advantage of low-cost, low-power agricultural machinery to meet their needs. A good example of such a product is the rotary mower.
Agricultural machinery manufacturing is a multibillion-dollar industry with over 1,000 companies. Most of these firms have multiple products and services. A good example is the tractor industry, which employs about a million people. By reducing costs, these companies are able to produce more farm equipment. Many of these manufacturers will offer a variety of tractors, combines, and other farm machinery. However, these machines aren’t cheap, and the cost of such equipment is often very high.
Agricultural machinery manufacturing is an industry with more than a thousand companies. Its growth is directly linked to the economic growth of the nation and its population. The industry also involves many small- and medium-sized companies. There are also more complex systems, such as tractor-trailer trucks. If these manufacturers aren’t able to create the machines that they need, their customers may not have the money they need to pay for them.