The increasing shortage of agriculture labor because of the outburst of global pandemic is driving the Germany Agriculture Equipment Market Growth.
Leading importer of Agricultural Equipment: The harvested area for primary crops in the country has seen an increasing trend in the past few years, from ~ million hectares in 2015 to ~ hectare in 2022P. Germany was one of the top five importers of agricultural machinery from the United States in 2018. Ultimately, with the help of these technologies, the county is emerging as one of the most modern agricultural equipment-holding country in the world.
Covid-led Effects on the Market: Due to the COVID-19 related restrictions, farmers had to witness a decrease in their income consequently, hampering the farmers’ ability to purchase agricultural machinery. The outbreak of the COVID-19 pandemic hampered the growth of the Agriculture Equipment Market in Germany owing to the worldwide restriction. Though, in the long run, market managed to lead positively in term of providing mechanized machinery easily accessible to the right audience in the country.
Government role in the market: Providing subsidies to farmers, improving infrastructure along with making mechanized equipment accessible to every marginal farmer in the country, the German government has been helping the country’s farmers in every way possible to grow more. This helps them to invest in modern agricultural equipment that is otherwise expensive, ultimately, is driving the market for agricultural machinery in the country.
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Helping Hand by Europe: In addition to being the largest producer and the second-largest user of agri-machinery in Europe, Germany is one of the top exporters of agricultural machinery worldwide. German engineering is among the best in the world, which contributes to the popularity of their agricultural equipment. Germany is the leading European destination for FDIs in mining, construction, and agricultural machinery. These elements effectively fuel the nation’s market.
Analysts at Ken Research in their latest publication “Germany Agricultural Equipment Market Outlook to 2027F- Driven by Type of Equipment (Plows, Harrows, Rotavators & Cultivators, Seed & Fertilizer Drills, Fertilizer Spreaders, Land Levelers, Other Equipment), by Type of tractor (Less than 50 HP, 50 to 79 HP, 80 to 99 HP, 100 to 120 HP and Above 120 HP), By Harvesting Machinery (Combine Harvesters, Forage Harvesters, Other Harvesting Machinery) and By Sprayers (Field Crop Sprayers, Orchard Sprayer).” Observed that Germany’s Agricultural Equipment Market is expected to showcase considerable growth in the coming five years. In the upcoming years, it is predicted to expand more rapidly due to the rising shortage of agricultural labor along with an increase in farm mechanization. The Germany Agricultural Equipment Market is expected to grow at ~% CAGR over the forecasted period 2022-2027F.
Key Segments Covered in the report
By Tractor
- Less than 50 HP
- 50 to 79 HP
- 80 to 99 HP
- 100 to 120 HP
- Above 120 HP
By Type of Equipment
- Plows
- Harrows
- Rotovators & Cultivators
- Seed & Fertilizer Drills
- Fertilizer Spreaders
- Land Levelers
- Other Equipment
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By Sprayers
- Field Crop Sprayers
- Orchard Sprayer
By Harvesting Machinery
- Combine Harvesters
- Forage Harvesters
- Other Harvesting Machinery
Key Target Audience
- Existing Agricultural Equipment Companies
- New Market Entrants- Domestic OEMs
- New Market Entrants- Foreign OEMs
- Agricultural Equipment Financing Companies
- Government Bodies
- Investors & Venture Capital Firm
- Agricultural Equipment Manufacturers
- Agricultural Equipment Distributors
- Agricultural Equipment Associations
Time Period Captured in the Report:
- Historical Period: 2017-2022P
- Base Year: 2022P
- Forecast Period: 2022-2027F
Companies Covered:
- Agrale S.A,
- AGCO Corporation,
- CLAAS KGaA mbH,
- Deere & Company,
- CNH Industrial N.V.,
- Kubota Corporation,
- Mahindra & Mahindra Ltd.
- Yanmar Co
Key Topics Covered in the Report
- Executive Summary
- Research Methodology
- Germany Agricultural Equipment Market Overview
- Germany Agriculture Equipment Market Ecosystem
- Value Chain Analysis
- Industry Analysis
- Agriculture Equipment Product Analysis
- Germany Agriculture Equipment Market Size
- Germany Agriculture Equipment Market Segmentation
- Market Share and Competition Landscape of Major Players in Tractor Sales
- Government Policies Impacting Agricultural Equipment Market Germany
- Germany Agriculture Equipment Market Trade Scenario
- Company Profile of Major Players in Agriculture Equipment Market
- Market Related Snapshots
- Growth Opportunities
- Market Share and Competition Landscape of Major Players in Tractor Sales in Germany
- Germany Agricultural Equipment Future Market Outlook
- Germany Agricultural Equipment Future Market Segmentation
- Germany Agriculture Equipment Market Analyst Recommendations
- Disclaimer
For more insights on the market intelligence, refer to the link below:
Germany Agriculture Equipment Market
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