What is the Size of Germany agricultural Equipment Industry?
Germany Agricultural Equipment market is growing at a CAGR of ~% in 2017-2022 and is expected to reach EUR ~ Bn by 2027F. The Germany Car Rental Market is largely driven by improving infrastructure of farming industries and rising government initiatives. Also, 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.
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Furthermore, 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.
Germany Agricultural Equipment Market By Type Of Tractors
The Germany Agricultural Equipment market is segmented by type of tractors into less than 50 HP, 50-79 HP, 80-99 HP, 100-120 HP and above 120 HP.
The tractor segment was observed to dominate the Agriculture Equipment Industry in Germany. Tractors are multipurpose equipment with the ability to handle numerous implementations such as harrows, ploughs, sprayers and others. The increasing use of advanced machinery in agricultural activities such as ploughing the fields to get them ready for crop sowing is one of the major drivers of the tractor market in Europe.
Germany Agricultural Equipment Market By Harvesting Machinery
The Germany Agricultural Equipment market is segmented by harvesting machinery into combine harvesters, forage harvesters and other harvesting machines.
Harvesting equipment was recorded at second position within Germany agriculture equipment market. Emergence of harvesting machinery has effectively reduced their time and efforts. Thus, meeting the growing demands of urban dwellers and helping towards breaking up the soil efficiently. Amongst harvesting equipment, combine harvesters have the highest revenue.
Germany Agricultural Equipment Market By Sprayers
The Germany agricultural equipment market is segmented by sprayers into field crop sprayers and orchard sprayers.
Germany is one of the largest manufacturers and exporters of agricultural sprayers in the European and the global markets, accounting for around ~% share in the European agricultural sprayers market. Field Crop Sprayers account for ~% in the market.
Competition Scenario In Germany Agricultural Equipment Market
Germany Agricultural Equipment Market is at a growing stage. The country has over ~Market Players in agricultural equipment industry Germany Agricultural Equipment Market is dominated by major players such as Agrale S.A, AGCO Corporation, CLAAS KGaA mbH, Deere & Company, CNH Industrial N.V., Kubota Corporation, Mahindra & Mahindra Ltd. And Yanmar Co. etc.
What is the Expected Future Outlook for the Overall Germany Agricultural Equipment Market Across the globe?
The Germany Agricultural Equipment market was valued at EUR ~billion in 2022 and is anticipated to reach EUR ~billion by the end of 2027F, witnessing a CAGR of ~% during the forecast period 2022-2027F. The realistic growth scenario represents the most likely scenario as per current market conditions. This scenario assumes that there will be no overall impact on the market due to any potential COVID-19 waves in the future.
The Germany Agricultural Equipment market is driven by adoption of technological advancements in farming techniques and financial support of government.
However, the market is also constantly being influenced by rapid development in technology, product innovation, and diversification in some countries.
Also, massive technological progress of 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. It is further estimated to rise during the forecast period by a CAGR of about ~%.
Furthermore, German farmers receive a subsidy from the European Union every year for investment in their farms. This helps them to invest in modern agricultural equipment that is otherwise expensive which ultimately, is driving the market for agricultural machinery in the country.
Additionally, Germany is one of the largest exporters of agricultural equipment in the world, as well as the largest manufacturer and the second-largest consumer of Agri-machinery in Europe. German agricultural equipment is preferred worldwide because of superior and innovative engineering. Germany also tops in the destinations for FDIs in agricultural, construction, and mining machinery in Europe. These factors adequately drive the market in the country.
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Key Target Audience – Organizations and Entities Who Can Benefit by Subscribing This Report
- 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 Period: 2022P
- Forecast Period: 2022P-2027F
For more insights on the market intelligence, refer to the link below:-
Agriculture Equipment Market Competition
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