Industry Statistics and Rankings
How does this industry perform in Iceland compared to Europe?
Country Benchmarking
Industry Data Iceland
Ranking are out of 37 European countries for which IBISWorld provides country-level factsheets.
Revenue
#34 In EuropeBusiness
#33 In EuropeEmployees
#34 In EuropeWages
#35 In EuropeThe Agricultural & Forestry Machinery in Iceland ranks 34 in Europe with regards to its 2024 revenue (€3.8m). Revenue received by operators in Iceland has been low in volatility over the past five-year period, with the average annual change in revenue (5.1 %) most comparable to...
Enterprises
Number of businesses in 2024
Revenue per Enterprise
Value (€ Million) in 2024
Top Questions Answered in this Report
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What is the market size of the Agricultural & Forestry Machinery industry in Iceland in 2024?
The market size of the Agricultural & Forestry Machinery industry in Iceland is €3.8m in 2024.
How many businesses are there in the Agricultural & Forestry Machinery in Iceland industry in 2024?
There are 1 businesses in the Agricultural & Forestry Machinery industry in Iceland, which has declined at a CAGR of 0.0 % between 2019 and 2024.
Has the Agricultural & Forestry Machinery industry in Iceland grown or declined over the past 5 years?
The market size of the Agricultural & Forestry Machinery industry in Iceland has been declining at a CAGR of 5.1 % between 2019 and 2024.
What is the forecast growth of the Agricultural & Forestry Machinery industry in Iceland over the next 5 years?
Over the next five years, the Agricultural & Forestry Machinery industry in Iceland is expected to grow.
What are the biggest companies in the Agricultural & Forestry Machinery market in Iceland?
The biggest companies operating in the Agricultural & Forestry Machinery market in Iceland are Claas KGaA mbH, Deere & Company and AGCO Corporation
What does the Agricultural & Forestry Machinery in Iceland include?
Tractors and Agricultural and forestry machinery are part of the Agricultural & Forestry Machinery industry.
Which companies have the highest market share in the Agricultural & Forestry Machinery in Iceland?
The company holding the most market share in Iceland is Claas KGaA mbH.
How competitive is the Agricultural & Forestry Machinery industry in Iceland?
The level of competition is moderate and steady in the Agricultural & Forestry Machinery industry in Iceland.
Related Industries
This industry is covered in 37 countries
Domestic industries
Competitors
Complementors
- Iron & Steel Manufacturing in Iceland
- Cutlery, Hand Tool & General Hardware Manufacturing in Iceland
- Lifting & Handling Equipment Manufacturing in Iceland
Table of Contents
About this industry
Industry definition
This industry manufactures equipment used by the agricultural and forestry sectors, including various tractors and machinery types. Manufacturing lawnmowers, agricultural trailers, soil preparation, planting and fertilising machinery, milking machines and harvesting machinery are all industry-related.
What's included in this industry?
TractorsAgricultural and forestry machineryGarden machineryParts for installation, maintenance and repairIndustry Code
2821 - Manufacture of agricultural and forestry machinery in Iceland
Performance
Revenue Highlights
Trends
- Revenue
- 2024 Revenue CAGR
- Revenue Volatility
Employment Highlights
Trends
- Employees
- Employees per Business
- Revenue per Employee
Business Highlights
Trends
- Businesses
- Employees per Business
- Revenue per Business
Current Performance
Charts
- Revenue in the Agricultural & Forestry Machinery in Iceland
- Employees in the Agricultural & Forestry Machinery in Iceland
- Business in the Agricultural & Forestry Machinery in Iceland
- Profit in the Agricultural & Forestry Machinery in Iceland
Current Performance
Analysis
How does this country's performance compare to Europe?
Life Cycle
Charts
- Industry Life Cycle Matrix
Products and Markets
Highlights
Trends
- Largest Market
- Product Innovation
International Trade
Heat maps
- Industry Concentration of Imports by Country
- Industry Concentration of Exports by Country
Competitive Forces
Highlights
Trends
- Concentration
- Competition
- Barriers to Entry
- Substitutes
- Buyer Power
- Supplier Power
ANALYSIS
What is the competitive landscape in Europe?
External Environment
Highlights
Trends
- Regulation & Policy
- Assistance
Key Takeaways
Regulations typically mirror automotive regulations and hinder innovation. Key representative organisations, such as CEMA, have expressed concerns about regulations that mirror the automotive industry as they hamper innovation and hinder global competitiveness.
External Drivers
Analysis
What demographic and macroeconomic factors impact the Agricultural & Forestry Machinery in Iceland industry?
Financial Benchmarks
Highlights
Trends
- Profit Margin
- Average Wage
- Largest Cost
Key Takeaways
Falling steel prices help lift profit. Steel is a key input for the majority of agricultural machinery. Therefore, a reduction in its price lowers the cost of producing machinery, aiding growth in profitability.
Cost Structure
Charts
- Share of Economy vs. Investment Matrix
-
Industry Cost Structure Benchmarks:
- Marketing
- Depreciation
- Profit
- Purchases
- Wages
- Rent
- Utilities
- Other
Analysis
What trends impact cost in the Agricultural & Forestry Machinery in Iceland industry?
Key Ratios
Data tables
- IVA/Revenue (2014-2029)
- Imports/Demand (2014-2029)
- Exports/Revenue (2014-2029)
- Revenue per Employee (2014-2029)
- Wages/Revenue (2014-2029)
- Employees per Establishment (2014-2029)
- Average Wage (2014-2029)
Country Benchmarks
European Leaders & Laggards
Data Tables
Top and boottom five countries listed for each:
- Revenue Growth (2024)
- Business Growth (2024)
- Job Growth (2024)
European Country Performance
Data Tables
Rankings available for 37 countries. Statistics ranked include:
- IVA/Revenue (2024)
- Imports/Demand (2024)
- Exports/Revenue (2024)
- Revenue per Employee (2024)
- Wages/Revenue (2024)
- Employees per Establishment (2024)
- Average Wage (2024)
Structural Comparison
Data Tables
Trends in 37 countries benchmarked against trends in Europe
- Concentration
- Competition
- Barriers to Entry
- Buyer Power
- Supplier Power
- Volatility
- Capital Intensity
- Innovation
- Life Cycle
Key Statistics
Industry Data
Data Tables
Including values and annual change:
- Revenue (2014-2029)
- IVA (2014-2029)
- Establishments (2014-2029)
- Enterprises (2014-2029)
- Employment (2014-2029)
- Exports (2014-2029)
- Imports (2014-2029)
- Wages (2014-2029)
Methodology
Where does IBISWorld source its data?
IBISWorld is a world-leading provider of business information, with reports on 5,000+ industries in Australia, New Zealand, North America, Europe and China. Our expert industry analysts start with official, verified and publicly available sources of data to build an accurate picture of each industry.
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and IBISWorld's proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
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