Farm & Heavy Machinery
This industry produces the massive earthmoving, agricultural, and mining vehicles, often called yellow iron, that are essential for digging, planting, and building.
Why it exists
Farm and heavy machinery manufacturers produce the equipment that powers agriculture, mining, construction, and industrial operations.
Why it’s necessary
These industries cannot function without mechanized power, precision tools, and durable equipment capable of extreme workloads.
Key components
Tractors, combines, excavators
Engines & power systems
Aftermarket parts & service
Dealer distribution networks
How to evaluate businesses
Key metrics include equipment replacement cycles, dealer health, aftermarket penetration, pricing power, and technological leadership in automation or sensors. Aftermarket parts often drive the highest-margin revenue.
How the industry could be improved
Autonomous machinery, precision farming, predictive maintenance, electrification, and remote monitoring would reduce downtime and increase yield and fuel efficiency.