Farm, Lawn & Garden Equipment Wholesaling in Canada - Industry Market Research Report

Farm, Lawn & Garden Equipment Wholesaling in Canada - Industry Market Research Report

  • December 2017 •
  • 28 pages •
  • Report ID: 4564189
Small haul: Weak crop prices and demand for farmers will challenge the industry

Abstract

Farm, Lawn & Garden Equipment Wholesaling in Canada
Over the five years to 2017, demand from farmers has been volatile due to fluctuations in crop prices and farmer income. High crop prices earlier in the period encouraged farmers to spend on new equipment, boosting industry revenue.

However, this situation began to reverse in 2015, with global oversupply resulting in plummeting crop prices that slashed income at downstream farms, constraining demand for industry equipment. While downstream markets have since stabilized and grown slightly, prices and demand conditions remain weak. These challenges are expected to lessen over the five years to 2022, with slight increases in crop prices helping to boost demand from downstream farmers.

Operators in this industry primarily purchase specialized machinery, equipment and related parts used in agricultural and consumer segment activities (e.g. farm, lawn and garden). This equipment is then sold to downstream markets, namely farms and other wholesalers that make them available to end consumers.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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Country=Canada Date=201712 Topic=Demand Publisher=Ibisworld Price=1000