Farm Machinery and Equipment Manufacturing — Market Size & Saturation

There are 1,629 farm machinery and equipment manufacturing establishments in the United States — that's 0.5 businesses per 100,000 people.

1,629
Total Establishments (QCEW)
2,277
Total Firms
0.5
Businesses per 100K People

Is Farm Machinery and Equipment Manufacturing Oversaturated?

With only 0.5 businesses per 100,000 people, the farm machinery and equipment manufacturing market has relatively low saturation. Just 1,629 establishments serve the entire US market.

Low saturation can indicate an opportunity — either the market is underserved, or there are high barriers to entry (capital requirements, licensing, specialized skills). If demand exists and you can clear the entry barriers, competition will be limited. However, verify that low saturation isn't due to declining demand.

Competition Dynamics

Entry and exit rates reveal how actively the competitive landscape is changing.

5.7%
Entry Rate
6.0%
Exit Rate
73%
5-Year Survival
+3.4%
Net Growth

More businesses are closing (6.0%) than opening (5.7%) — the market is consolidating. Remaining players may benefit from reduced competition.

Should You Enter This Market?

Here's a summary of the competitive picture for farm machinery and equipment manufacturing:

Market Size

1,629 establishments

Density

0.5 per 100K people

Avg Revenue/Business

$19.1M/year

Competition Level

Low Competition

Low competition suggests opportunity — if you can clear entry barriers and validate demand in your local market, you'll face fewer rivals.

Revenue benchmarks for Farm Machinery and Equipment Manufacturing →Survival & failure rates →

Frequently Asked Questions

How many farm machinery and equipment manufacturing businesses are in the US?
There are 1,629 farm machinery and equipment manufacturing establishments in the United States (2,277 unique firms). This translates to approximately 0.5 businesses per 100,000 people nationwide.
Is the farm machinery and equipment manufacturing market oversaturated?
With only 0.5 businesses per 100K people, the farm machinery and equipment manufacturing market has low saturation and may present opportunities for new entrants.

Sources: Bureau of Labor Statistics QCEW (2023), U.S. Census Bureau Business Dynamics Statistics. Population: 331,449,281 (2020 Census).