Germany Agricultural Machinery Market Growth Forecast 2031
Germany Agricultural Machinery Market Growth Forecast 2031
Segments - Germany Agricultural Machinery Market by Type (Tractors, Plowing and Cultivating Machinery, Planting Machinery, Harvesting Machinery, Haying and Forage Machinery, Sprayers, Irrigation Machinery, and Others) - Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031
Upcoming
| Report ID :CM-1863
| 4.8 Rating
| 65 Reviews
| 188 Pages
| Format :
Report Description
The German agricultural machinery market size was valued at USD XX Billion in 2022 and is projected to reach USD XX Billion by 2031, expanding at a CAGR of 3.8% during the forecast period, 2023 – 2031. The growth of the market is attributed to adoption of modern technologies by farmers to increase farm yield & meet the soaring demand for food.
Agricultural machinery is machinery used in farming or other agriculture activities. There are various types of such equipment, from hand tools & power tools to tractors and numerous kinds of farm implements that they operate or tow. Diverse arrays of equipment are used in both organic & nonorganic farming. Especially since the advent of mechanized agriculture, agricultural machinery is an indispensable part of how the world is fed.
Germany is one of the largest markets for agricultural machinery and implements in Europe, supported by the large turnover for this industry in the country. The country is one of the largest exporters of agricultural machinery in the world, as well as the largest manufacturer and the second-largest consumer of agri-machinery in Europe.
German agricultural machinery is preferred worldwide because of superior, precision, and innovative engineering. Germany is one of the top destinations for FDIs in agricultural, construction, and mining machinery in Europe.
Furthermore, Germany has also developed a very well-trained and skilled workforce to use its state-of-the-art agricultural machinery, which enables the utilization of top technology in crop fields. The harvested area for primary crops in the country has seen an increasing trend in the past few years, from 8.86 million hectare in 2015 to 8.91 hectare in 2018.
The COVID-19 pandemic had an adverse impact on the German agricultural machinery. The production and supply in the market has been on halt owing to lockdown; however, the government’s steps and strategies have helped to neutralised the situation. This pandemic has encouraged the key players to implement advance technologies to overcome these challenges and expand the market growth.
Market Trends, Drivers, Restraints, and Opportunities
-
Growing global population which has led to a rise in the demand for food and other similar products is expected to drive the market during the forecast period.
-
Subsidies by government to farmers for investing in better equipment to efficiently meet the needs for higher productivity is anticipated to propel the German agricultural machinery market.
-
Various disadvantages of manual seeding such as lack of uniformity and producer fatigue among others are anticipated to surge the demand of agriculture machinery market.
-
Automation aids in applying the proper amounts of fertilizer to ensure that seeds germinate properly which is likely to fuel the market growth in coming years.
-
High demand for agricultural products and growing farm mechanization rates are driving industry growth in developing countries.
-
Rising Cast of raw materials is projected to impede the market growth in coming years
-
R&D investment and technological advancement in German agricultural machinery market are expected to offer lucrative opportunities for the market players.
Agricultural Machinery Market Scope
The report on Germany agricultural machinery market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
|
Attributes |
Details |
|
Report Title |
Agricultural Machinery Market – Germany Industry Analysis, Growth, Share, Size, Trends, and Forecast |
|
Base Year |
2022 |
|
Historic Data |
2016–2021 |
|
Forecast Period |
2023–2031 |
|
Segmentation |
Type (Tractors, Plowing and Cultivating Machinery, Planting Machinery, Harvesting Machinery, Haying and Forage Machinery, Sprayers, Irrigation Machinery, and Others) |
|
Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
|
Key Players Covered in the Report |
Deere & Company; AGCO Corporation; CNH Industrial N.V; Kubota Corporation; and Mahindra and Mahindra. |
Germany Agricultural Machinery Market Segment insights
The tractors segment is projected to constitute a large market share
Based on type, the German agricultural machinery market is segregated into tractors, plowing and cultivating machinery, planting machinery, harvesting machinery, haying and forage machinery, sprayers, irrigation machinery, and others. The tractors segment is expected to account for a key share of the market during the forecast period owing to major revenue and quantities sold in this region.
Furthermore, tractors are further sub-segmented into five segments, namely less than 25 HP, 25-50 HP, 51-100HP, 100- 175 HP, and greater than 175 HP. Tractors with high horsepower account for a relatively higher market share when compared to small- and medium-sized tractors, owing to their prices and requirements in the fields.
Segments
The Germany agricultural machinery market has been segmented on the basis of:-
Type
- Tractors
- Plowing and Cultivating Machinery
- Planting Machinery
- Harvesting Machinery
- Haying and Forage Machinery
- Sprayers
- Irrigation Machinery
Key Companies
- Deere & Company
- AGCO Corporation
- CNH Industrial N.V
- Kubota Corporation
- Mahindra and Mahindra
Competitive Landscape
Key players competing in the German agricultural machinery market include Deere & Company; AGCO Corporation; CNH Industrial N.V; Kubota Corporation; and Mahindra and Mahindra.
Some of these players are using several market strategies such as mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to enhance their market shares
Table Of Content
1. Executive Summary2. Assumptions and Acronyms Used
3. Research Methodology
4. Agricultural Machinery Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Agricultural Machinery Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Agricultural Machinery Market - Supply Chain
4.5. Global Agricultural Machinery Market Forecast
4.5.1. Agricultural Machinery Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Agricultural Machinery Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Agricultural Machinery Market Absolute $ Opportunity
5. Global Agricultural Machinery Market Analysis and Forecast by Types
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Types
5.2.2. Y-o-Y Growth Projections by Types
5.3. Agricultural Machinery Market Size and Volume Forecast by Types
5.3.1. Tractors Plowing and Cultivating Machinery Planting Machinery Harvesting Machinery
5.4. Absolute $ Opportunity Assessment by Types
5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Agricultural Machinery Market Analysis and Forecast by Region
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Region
6.2.2. Y-o-Y Growth Projections by Region
6.3. Agricultural Machinery Market Size and Volume Forecast by Region
6.3.1. North America
6.3.2. Latin America
6.3.3. Europe
6.3.4. Asia Pacific
6.3.5. Middle East and Africa (MEA)
6.4. Absolute $ Opportunity Assessment by Region
6.5. Market Attractiveness/Growth Potential Analysis by Region
6.6. Global Agricultural Machinery Demand Share Forecast, 2019-2026
7. North America Agricultural Machinery Market Analysis and Forecast
7.1. Introduction
7.1.1. Basis Point Share (BPS) Analysis by Country
7.1.2. Y-o-Y Growth Projections by Country
7.2. North America Agricultural Machinery Market Size and Volume Forecast by Country
7.2.1. U.S.
7.2.2. Canada
7.3. Absolute $ Opportunity Assessment by Country
7.4. North America Agricultural Machinery Market Size and Volume Forecast by Types
7.4.1. Tractors Plowing and Cultivating Machinery Planting Machinery Harvesting Machinery
7.5. Basis Point Share (BPS) Analysis by Types
7.6. Y-o-Y Growth Projections by Types
7.7. Market Attractiveness/Growth Potential Analysis
7.7.1. By Country
7.7.2. By Product Type
7.7.3. By Application
7.8. North America Agricultural Machinery Demand Share Forecast, 2019-2026
8. Latin America Agricultural Machinery Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.1.3. Latin America Average Pricing Analysis
8.2. Latin America Agricultural Machinery Market Size and Volume Forecast by Country
8.2.1. Brazil
8.2.2. Mexico
8.2.3. Rest of Latin America
8.3. Absolute $ Opportunity Assessment by Country
8.4. Latin America Agricultural Machinery Market Size and Volume Forecast by Types
8.4.1. Tractors Plowing and Cultivating Machinery Planting Machinery Harvesting Machinery
8.5. Basis Point Share (BPS) Analysis by Types
8.6. Y-o-Y Growth Projections by Types
8.7. Market Attractiveness/Growth Potential Analysis
8.7.1. By Country
8.7.2. By Product Type
8.7.3. By Application
8.8. Latin America Agricultural Machinery Demand Share Forecast, 2019-2026
9. Europe Agricultural Machinery Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Europe Average Pricing Analysis
9.2. Europe Agricultural Machinery Market Size and Volume Forecast by Country
9.2.1. Germany
9.2.2. France
9.2.3. Italy
9.2.4. U.K.
9.2.5. Spain
9.2.6. Russia
9.2.7. Rest of Europe
9.3. Absolute $ Opportunity Assessment by Country
9.4. Europe Agricultural Machinery Market Size and Volume Forecast by Types
9.4.1. Tractors Plowing and Cultivating Machinery Planting Machinery Harvesting Machinery
9.5. Basis Point Share (BPS) Analysis by Types
9.6. Y-o-Y Growth Projections by Types
9.7. Market Attractiveness/Growth Potential Analysis
9.7.1. By Country
9.7.2. By Product Type
9.7.3. By Application
9.8. Europe Agricultural Machinery Demand Share Forecast, 2019-2026
10. Asia Pacific Agricultural Machinery Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Asia Pacific Average Pricing Analysis
10.2. Asia Pacific Agricultural Machinery Market Size and Volume Forecast by Country
10.2.1. China
10.2.2. Japan
10.2.3. South Korea
10.2.4. India
10.2.5. Australia
10.2.6. Rest of Asia Pacific (APAC)
10.3. Absolute $ Opportunity Assessment by Country
10.4. Asia Pacific Agricultural Machinery Market Size and Volume Forecast by Types
10.4.1. Tractors Plowing and Cultivating Machinery Planting Machinery Harvesting Machinery
10.5. Basis Point Share (BPS) Analysis by Types
10.6. Y-o-Y Growth Projections by Types
10.7. Market Attractiveness/Growth Potential Analysis
10.7.1. By Country
10.7.2. By Product Type
10.7.3. By Application
10.8. Asia Pacific Agricultural Machinery Demand Share Forecast, 2019-2026
11. Middle East & Africa Agricultural Machinery Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Middle East & Africa Average Pricing Analysis
11.2. Middle East & Africa Agricultural Machinery Market Size and Volume Forecast by Country
11.2.1. Saudi Arabia
11.2.2. South Africa
11.2.3. UAE
11.2.4. Rest of Middle East & Africa (MEA)
11.3. Absolute $ Opportunity Assessment by Country
11.4. Middle East & Africa Agricultural Machinery Market Size and Volume Forecast by Types
11.4.1. Tractors Plowing and Cultivating Machinery Planting Machinery Harvesting Machinery
11.5. Basis Point Share (BPS) Analysis by Types
11.6. Y-o-Y Growth Projections by Types
11.7. Market Attractiveness/Growth Potential Analysis
11.7.1. By Country
11.7.2. By Product Type
11.7.3. By Application
11.8. Middle East & Africa Agricultural Machinery Demand Share Forecast, 2019-2026
12. Competition Landscape
12.1. Global Agricultural Machinery Market: Market Share Analysis
12.2. Agricultural Machinery Distributors and Customers
12.3. Agricultural Machinery Market: Competitive Dashboard
12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
12.4.1. Deere & Company AGCO Corporation CNH Industrial N.V Kubota Corporation
Methodology
Related Reports
Some other reports from this category!
Our Clients
