Europe Agriculture Equipment Market will be worth US$ 59.96 Billion by 2030, according to the report. Presently, the escalating costs of mechanization in European locations are predicted to exert a protracted impact on at the burgeoning European Agricultural Machinery Market. Agricultural equipment, encompassing implements, components, or attachments designed in general for agribusiness functions, performs a pivotal function. Any device applied in crop cultivation, cattle rearing, horticulture, or floriculture falls within the purview of "agricultural equipment."Europe Agriculture Equipment Market was worth US$ 43.35 Billion in 2022
Historically, the rural landscape in Europe has been characterized with the aid of hard work-intensive practices. However, as people migrate to cities, employment in this sector has declined over time. Farmers are increasingly replacing manual labour with agricultural technology due to more cost-effective, readily available, and efficient. For instance, as per the German Association of Agricultural Employers (GLFA), the quantity of seasonal immigrant laborers in Germany during apex harvest seasons has reduced considerably in recent years. Labor costs are also rising due to a shortage of agricultural laborers, which will likely increase the demand for agricultural machinery.
Europe Agriculture Equipment Market will expand at a CAGR of 4.14% during 2022 and 2030
The European region is witnessing an increasing integration with technology over the past few years to support sustainable agricultural practices. Furthermore, precision agriculture technology, such as GPS tractors and drones, increases the accuracy of planting, fertilizing, and irrigation. The Internet of Things monitors machinery and crop conditions in order to optimize resource use. Automation and robotics increase productivity. Data analytics and AI decisions reduce waste while increasing yields and sustainability in the face of labor shortages and climate change, propelling European agriculture forward. For example, AGCO Corporation, a world leader in the design, manufacture, and distribution of agricultural machinery and precision agriculture technology, announced collaboration between its AGCO Parts division and Kirkland, IL-based EZ-Drops. The agreement provides only parts access to Y-Logic, a new dealer-installed premium nutrient delivery system by EZ-Drops for the RoGator Liquid Logic and legacy liquid systems, for AGCO's RoGator dealers in North America.Moreover, governments in the region help with the growth of agricultural industries, including financial aid for the purchase of machinery and seeds. The subsidies help to ensure adequate food production, lower food commodity inflation, protect farmer incomes, and strengthen the agricultural industry. For instance, The UK government is focusing on increasing farm mechanization to produce more with less environmental impact. Moreover, tractors, one of the most important agricultural machines, have a high market growth potential. Farmers in this region are increasingly interested in investing in high-end tractors to work on larger fields as part of their efforts to increase crop yields and farm efficiencies. Europe Agriculture Equipment Market was worth US$ 43.35 Billion in 2022.
Fertilizing equipment holds the highest share in the Europe agricultural equipment market due to its pivotal role in enhancing crop productivity
Based on equipment, the Europe agricultural equipment market is divided into Tractor, Machine parts, Fertilizing equipment, Harvesting equipment, Garden and forestry machinery, Livestock equipment, Hay-making equipment, Balers and pick-up balers, Irrigation and crop protection, Agricultural trailers and semi-trailers, and Machines for cleaning and sorting agricultural product. Precision fertilizer application is critical to optimizing nutrient distribution as Europe emphasizes sustainable and efficient farming practices.Fertilizing equipment, including precision spreaders and sprayers, caters to these demands by ensuring accurate and controlled dispersion of nutrients, reducing waste and environmental impact. Moreover, evolving regulations pertaining to nutrient management and environmental protection compel farmers to invest in advanced equipment that minimizes runoff and pollution. As the region seeks to increase agricultural output while reducing resource use, fertilizing equipment serves as a cornerstone for modern farming techniques, accounting for its significant presence and dominance in the Europe agricultural equipment market.
France is at the forefront of agricultural technology adoption, contributing to its fastest-growing status in the Europe agricultural equipment market
The countries present are France, Germany, Italy, United Kingdom, Poland, Austria, Netherlands, Finland, Romania, Denmark, Hungary, Portugal, Ireland, Lithuania, Greece, Croatia, Estonia, Latvia, Luxembourg, and Rest of Europe. As one of largest agricultural producers in Europe, France has strong agricultural sector demands in cutting-edge technology for improved efficiency. The country is committed to sustainable farming practices which have prompted increased adoption of precision agriculture technologies, enabling farmers to optimize resource usage and enhance yields. Government support and grants for modernizing equipment further drive market growth. Furthermore, France emphasizes on innovation and research in agriculture, coupled with its skilled workforce, propels the development and integration of advanced machinery.
Key Players
John Deere, AGCO, CLAAS KGaA, First Tractor Company Limited, and Kubota Corporation are competitors in the Europe agricultural equipment market.In January 2023- New Holland has unveiled a prototype T7 Methane Power tractor that runs on a liquefied version of the gas for longer fill times. The new tractor has four times the fuel capacity of the company's current methane-powered T6, which runs on compressed natural gas (CNG).
This latest report “Europe Agricultural EquipmentMarket, Equipment (Tractor, Machine parts, Fertilising equipment, Harvesting equipment, Garden and forestry machinery, Livestock equipment, Hay-making equipment, Balers and pick-up balers, Irrigation and crop protection, Agricultural trailers and semi-trailers, and Machines for cleaning and sorting agricultural product), Country (France, Germany, Italy, United Kingdom, Poland, Austria, Netherlands, Finland, Romania, Denmark, Hungary, Portugal, Ireland, Lithuania, Greece, Croatia, Estonia, Latvia, Luxembourg, and Rest of Europe), Companies (John Deere, AGCO, CLAAS KGaA, First Tractor Company Limited, and Kubota Corporation)” provides a detailed analysis of Europe agricultural equipment market.
Equipment - Europe agricultural equipment market has been covered from eleven viewpoints.
1. Tractor2. Machine parts
3. Fertilizing equipment
4. Harvesting equipment
5. Garden and forestry machinery
6. Livestock equipment
7. Hay-making equipment
8. Balers and pick-up balers
9. Irrigation and crop protection
10. Agricultural trailers and semi-trailers
11. Machines for cleaning and sorting agricultural product
Countries - Europe agricultural equipment market has been covered from twenty viewpoints.
1. France2. Germany
3. Italy
4. United Kingdom
5. Poland
6. Austria
7. Netherlands
8. Finland
9. Romania
10. Denmark
11. Hungary
12. Portugal
13. Ireland
14. Lithuania
15. Greece
16. Croatia
17. Estonia
18. Latvia
19. Luxembourg
20. Rest of Europe
Company Insights
- Overview
- Recent Development
- Sales Analysis
Company Analysis
1. John Deere2. AGCO
3. CLAAS KGaA
4. First Tractor Company Limited
5. Kubota Corporation
Table of Contents
1. Introduction2. Research Methodology3. Executive Summary5. Europe Agricultural Equipment Market7. Machine Parts - Europe Agriculture Equipment Market14. Balers and pick-up balers16. Agricultural trailers and semi-trailers Market17. Machines for Cleaning and Sorting Agricultural Products Market
4. Market Dynamics
6. Market Share - Europe Agriculture Equipment Analysis
8. Horsepower - European Agricultural Tractors Market
9. Soil Working, Sowing and Fertilizing Equipment Market
10. European Market of Harvesting Equipment
11. Garden and Forestry Machinery Market
12. Livestock Equipment Market
13. Haymaking Equipment Market
15. Irrigation and Crop Protection Equipment Market
18. Country - Europe Agriculture Equipment Market
19. Porter’s Five Forces
20. SWOT Analysis
21. Company Analysis
List of Figures
List of Tables
Companies Mentioned
- John Deere
- AGCO
- CLAAS KGaA
- First Tractor Company Limited
- Kubota Corporation
Methodology
In this report, for analyzing the future trends for the studied market during the forecast period, the publisher has incorporated rigorous statistical and econometric methods, further scrutinized by secondary, primary sources and by in-house experts, supported through their extensive data intelligence repository. The market is studied holistically from both demand and supply-side perspectives. This is carried out to analyze both end-user and producer behavior patterns, in the review period, which affects price, demand and consumption trends. As the study demands to analyze the long-term nature of the market, the identification of factors influencing the market is based on the fundamentality of the study market.
Through secondary and primary researches, which largely include interviews with industry participants, reliable statistics, and regional intelligence, are identified and are transformed to quantitative data through data extraction, and further applied for inferential purposes. The publisher's in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of their recommendations and advice.
Primary Research
The primary purpose of this phase is to extract qualitative information regarding the market from the key industry leaders. The primary research efforts include reaching out to participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions. The publisher also established professional corporate relations with various companies that allow us greater flexibility for reaching out to industry participants and commentators for interviews and discussions, fulfilling the following functions:
- Validates and improves the data quality and strengthens research proceeds
- Further develop the analyst team’s market understanding and expertise
- Supplies authentic information about market size, share, growth, and forecast
The researcher's primary research interview and discussion panels are typically composed of the most experienced industry members. These participants include, however, are not limited to:
- Chief executives and VPs of leading corporations specific to the industry
- Product and sales managers or country heads; channel partners and top level distributors; banking, investment, and valuation experts
- Key opinion leaders (KOLs)
Secondary Research
The publisher refers to a broad array of industry sources for their secondary research, which typically includes, however, is not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Patent and regulatory databases for understanding of technical & legal developments
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic new articles, webcasts, and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecasts
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 240 |
| Published | August 2023 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value ( USD | $ 43.35 Billion |
| Forecasted Market Value ( USD | $ 59.96 Billion |
| Compound Annual Growth Rate | 4.1% |
| Regions Covered | Europe |
| No. of Companies Mentioned | 5 |
