Europe Agricultural Machinery Market

Europe Agricultural Machinery Market by Types (Tractors [Below 50 HP, 50 to 100 HP, 100 to 150 HP, and Above 150 HP], Equipment [Harrows, Cultivators & Tillers, Plows, and Others], Irrigation Machinery [Drip Irrigation, Sprinkler Irrigation, and Others], Harvesting Machinery [Forage Harvesters, Combine Harvesters, and Others], and Haying & Forage Machinery [Balers, Mowers & Conditioners, and Others]), and Geography (the UK, Germany, Italy, France, Spain, Russia, Poland, and Rest of Europe) - Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028

  • Report ID: FB-3064
  • Author: Growth Market Reports
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The Europe agricultural machinery market size is projected to expand at a significant CAGR during the forecast period, 2021–2028. The growth of the market is attributed to the increasing mechanization of various farming activities.


Europe Agricultural Machinery Market

The agricultural machinery industry produces and maintains tractors, machineries, and equipment used in agriculture. The introduction of new subsidies to the farmers and loan schemes for adapting modern methods is significantly driving the growth of the market. The recent development in farm mechanization for irrigation and harvesting of crops are responsible for increasing agricultural yields andhelping in keeping the labor costs low. Government efforts to bring in farmers to the industrial fold by assuring timely assistance with crop seeds, fertilizers, and right prices for the crops, has influenced the agricultural industry drastically.

Farm monitoring platforms have gained prominence with the evolution of IoT projects in farming and agriculture sector. The efficient use of data owing to the technological advancement for improving farming practice has drastically changed the traditional methods of farming. Additionally, the increasing adoption of farm control monitoring system for allowing farmers to have overall control of their equipment have helped farmers in multiple ways. The livestock monitoring and control of rain gauges and irrigation gates have helped in saving resources and excessive maintenance costs.

The COVID-19 pandemic had a significant impact on the growth of various industries including agricultural industry. The outbreak of coronavirus disease had witnessed world-wide lockdowns. The stringent regulations had affected the supply chain of agriculture equipment and foiled the plans of various procurements for cultivation. Therefore, the pandemic situation has hampered the growth of the agricultural machinery market.

Market Trends, Drivers, Restraints and Opportunities

  • Increasing farm labor costs and consequent growing adoption of agricultural machinery are the major factor propelling the market expansion during the projected period.
  • Provision for low-interest rates on loans and investment grants are estimated to contribute to the market expansion during the forecast period.
  • Increasing technological development in agricultural machinery is estimated to positively influence the market growth in the coming years.
  • High cost of agricultural equipments in emerging economies is expected to hamper the market growth during the projected timeline.
  • Government support for the development of farming activities and provision for various agricultural subsidies are expected to create numerous opportunities for the market growth during the forecast period.

Scope of the Report

The report on the Europe 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

Europe Agricultural Machinery Market - Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2020

Historic Data

2018–2019

Forecast Period

2021–2028

Segmentation

Types (Tractors [Below 50 HP, 50 to 100 HP, 100 to 150 HP, and Above 150 HP], Equipment [Harrows, Cultivators & Tillers, Plows, and Others], Irrigation Machinery [Drip Irrigation, Sprinkler Irrigation, and Others], Harvesting Machinery [Forage Harvesters, Combine Harvesters, and Others], and Haying & Forage Machinery [Balers, Mowers & Conditioners, and Others])

Geographical Scope

The UK, Germany, Italy, France, Spain, Russia, Poland, and Rest of Europe

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

AGCO Corporation; CNH Industrial NV; Kubota Corporation; CLAAS KGaA mbH; and Deere & Company

Europe Agricultural Machinery Market Segment Insights

Tractors segment is anticipated to register at a significant CAGR

On the basis of types, the market is segmented into tractors, equipment, irrigation machinery, harvesting machinery, and haying & forage machinery. The tractors segment is further segregated into below 50 HP, 50 to 100 HP, 100 to 150 HP, and above 150 HP. The equipment segment is divided into harrows, cultivators & tillers, plows, and others. The irrigation machinery segment is further categorized as drip irrigation, sprinkler irrigation, and others. The harvesting machinery segment is classified as forage harvesters, combine harvesters, and others. The haying &forage machinery segment is further segmented into balers, mowers & conditioners, and others. The tractors segment is anticipated to register a significant CAGR during the forecast period owing to the increasing farm mechanization in the region. Moreover, the increasing keen on purchasing high-end tractor, efforts to improve the crop yield, and improved farm efficiencies are some of the major factors expected to fuel the growth of the market segment in the coming years. On the other hand, the equipment segment is projected to boost the growth of the market segment during the projected period due to rising demand for smart equipment that are capable of providing accurate metrics on soil quality and vital parameters for a good harvest. Furthermore, the increasing product launches, rising initiatives by equipment manufacturers, and growing demand for technological advancement are key factors that are expected to grow the market segment at a rapid pace in the projected timeline.


Europe Agricultural Machinery Market

Germany market is anticipated to constitute a key market share
In terms of geography, the Europe battery market is classified as the UK, Germany, Italy, France, Spain, Russia, Poland, and Rest of Europe. Germany market is anticipated to constitute a key share of the market during the projected period owing to the availability of engineering expertise and incorporation of technical ingenuity to develop the agricultural sector. Moreover, the rising industrial investment for sustainable development and profitability in the agricultural field is expected to boost the market growth during the forecast period. On the other hand, the market of the UK is anticipated to exhibit a robust CAGR during the forecast period due to the increasing government support for farmers in the form of loan waivers, credit finance, and subsidized loans. Furthermore, the large-scale adoption of advanced agricultural equipments owing to the growing implementation of precision farming is projected to spur the market growth in the upcoming years.


Europe Agricultural Machinery Market

Segments

Segments Covered in the Report

The Europe agricultural machinery market has been segmented on the basis of

Types

  • Tractors
    • Below 50 HP
    • 50 to 100 HP
    • 100 to 150 HP
    • Above 150 HP
  • Equipment
    • Harrows
    • Cultivators & Tillers
    • Plows
    • Others
  • Irrigation Machinery
    • Drip Irrigation
    • Sprinkler Irrigation
    • Others
  • Harvesting Machinery
    • Forage Harvesters
    • Combine Harvesters
    • Others
  • Haying & Forage Machinery
    • Balers
    • Mowers & Conditioners
    • Others

Geography

  • The  UK
  • Germany
  • Italy
  • France
  • Spain
  • Russia
  • Poland
  • Rest of Europe

Key Players

  • AGCO Corporation
  • CNH Industrial NV
  • Kubota Corporation
  • CLAAS KGaA mbH
  • Deere & Company

Competitive Landscape

Key players competing in the Europe agricultural machinery market are AGCO Corporation; CNH Industrial NV; Kubota Corporation; CLAAS KGaA mbH; and Deere & Company. Some of these players are engaging in heavy investments in research & development activities, long-term agreements, and launching agricultural machinery to increase their market shares.

In November 2021, AGCO Corporation announced a three-year partnership with MANRRS to increase minority representation from underrepresented backgrounds and to promote the agriculture industry as an admirable career option.

In November 2021, Kubota Corporation planned to invest up to USD 1.25 billion to become the majority stakeholder in India’s fourth-largest tractor maker, Escorts. The investment further led to the creation of one of the largest Indo-Japan agriculture collaborations to attain global leadership in the farm equipment sector.

Europe Agricultural Machinery Market

1. Executive Summary
2. 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 Region
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Region
     5.2.2. Y-o-Y Growth Projections by Region
  5.3. Agricultural Machinery Market Size and Volume Forecast by Region
     5.3.1. North America
     5.3.2. Latin America
     5.3.3. Europe
     5.3.4. Asia Pacific
     5.3.5. Middle East and Africa (MEA)
  5.4. Absolute $ Opportunity Assessment by Region
  5.5. Market Attractiveness/Growth Potential Analysis by Region
  5.6. Global Agricultural Machinery Demand Share Forecast, 2019-2026
6. North America Agricultural Machinery Market Analysis and Forecast
  6.1. Introduction
     6.1.1. Basis Point Share (BPS) Analysis by Country
     6.1.2. Y-o-Y Growth Projections by Country
  6.2. North America Agricultural Machinery Market Size and Volume Forecast by Country
     6.2.1. U.S.
     6.2.2. Canada
  6.3. Absolute $ Opportunity Assessment by Country
  6.4. Market Attractiveness/Growth Potential Analysis
     6.4.1. By Country
     6.4.2. By Product Type
     6.4.3. By Application
  6.5. North America Agricultural Machinery Demand Share Forecast, 2019-2026
7. Latin 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
     7.1.3. Latin America Average Pricing Analysis
  7.2. Latin America Agricultural Machinery Market Size and Volume Forecast by Country
      7.2.1. Brazil
      7.2.2. Mexico
      7.2.3. Rest of Latin America
   7.3. Absolute $ Opportunity Assessment by Country
  7.4. Market Attractiveness/Growth Potential Analysis
     7.4.1. By Country
     7.4.2. By Product Type
     7.4.3. By Application
  7.5. Latin America Agricultural Machinery Demand Share Forecast, 2019-2026
8. Europe 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. Europe Average Pricing Analysis
  8.2. Europe Agricultural Machinery Market Size and Volume Forecast by Country
     8.2.1. Germany
     8.2.2. France
     8.2.3. Italy
     8.2.4. U.K.
     8.2.5. Spain
     8.2.6. Russia
     8.2.7. Rest of Europe
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. Market Attractiveness/Growth Potential Analysis
     8.4.1. By Country
     8.4.2. By Product Type
     8.4.3. By Application
  8.5. Europe Agricultural Machinery Demand Share Forecast, 2019-2026
9. Asia Pacific 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. Asia Pacific Average Pricing Analysis
  9.2. Asia Pacific Agricultural Machinery Market Size and Volume Forecast by Country
     9.2.1. China
     9.2.2. Japan
     9.2.3. South Korea
     9.2.4. India
     9.2.5. Australia
     9.2.6. Rest of Asia Pacific (APAC)
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Market Attractiveness/Growth Potential Analysis
     9.4.1. By Country
     9.4.2. By Product Type
     9.4.3. By Application
  9.5. Asia Pacific Agricultural Machinery Demand Share Forecast, 2019-2026
10. Middle East & Africa 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. Middle East & Africa Average Pricing Analysis
  10.2. Middle East & Africa Agricultural Machinery Market Size and Volume Forecast by Country
     10.2.1. Saudi Arabia
     10.2.2. South Africa
     10.2.3. UAE
     10.2.4. Rest of Middle East & Africa (MEA)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Market Attractiveness/Growth Potential Analysis
     10.4.1. By Country
     10.4.2. By Product Type
     10.4.3. By Application
  10.5. Middle East & Africa Agricultural Machinery Demand Share Forecast, 2019-2026
11. Competition Landscape
  11.1. Global Agricultural Machinery Market: Market Share Analysis
  11.2. Agricultural Machinery Distributors and Customers
  11.3. Agricultural Machinery Market: Competitive Dashboard
  11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)

Segments Covered in the Report

The Europe agricultural machinery market has been segmented on the basis of

Types

  • Tractors
    • Below 50 HP
    • 50 to 100 HP
    • 100 to 150 HP
    • Above 150 HP
  • Equipment
    • Harrows
    • Cultivators & Tillers
    • Plows
    • Others
  • Irrigation Machinery
    • Drip Irrigation
    • Sprinkler Irrigation
    • Others
  • Harvesting Machinery
    • Forage Harvesters
    • Combine Harvesters
    • Others
  • Haying & Forage Machinery
    • Balers
    • Mowers & Conditioners
    • Others

Geography

  • The  UK
  • Germany
  • Italy
  • France
  • Spain
  • Russia
  • Poland
  • Rest of Europe

Key Players

  • AGCO Corporation
  • CNH Industrial NV
  • Kubota Corporation
  • CLAAS KGaA mbH
  • Deere & Company

Key players competing in the Europe agricultural machinery market are AGCO Corporation; CNH Industrial NV; Kubota Corporation; CLAAS KGaA mbH; and Deere & Company. Some of these players are engaging in heavy investments in research & development activities, long-term agreements, and launching agricultural machinery to increase their market shares.

In November 2021, AGCO Corporation announced a three-year partnership with MANRRS to increase minority representation from underrepresented backgrounds and to promote the agriculture industry as an admirable career option.

In November 2021, Kubota Corporation planned to invest up to USD 1.25 billion to become the majority stakeholder in India’s fourth-largest tractor maker, Escorts. The investment further led to the creation of one of the largest Indo-Japan agriculture collaborations to attain global leadership in the farm equipment sector.

Europe Agricultural Machinery Market

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