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Germany Tractor Market - Industry Analysis & Forecast 2022-2028

  • ID: 5575361
  • Report
  • April 2022
  • Region: Germany
  • 188 Pages
  • Arizton
1h Free Analyst Time
1h Free Analyst Time

Speak directly to the analyst to clarify any post sales queries you may have.

FEATURED COMPANIES

  • AGCO
  • CNH
  • Deutz-Fahr
  • Escorts
  • Iseki
  • John Deere
1h Free Analyst Time

Speak directly to the analyst to clarify any post sales queries you may have.

In-depth Analysis and Data-driven Insights on the Impact of COVID-19 Included in this Germany Tractor Market Report

The study considers a detailed scenario of the present market and its market dynamics for 2022−2028. It covers a detailed overview of several market growth enablers, restraints, and trends. The report offers both the demand and supply aspects of the market. It profiles and examines leading companies and other prominent ones operating in the market.

The German agriculture tractor market is expected to grow at a CAGR of 5.10% during 2022-2028

KEY HIGHLIGHTS

  • Germany Agriculture Tractor Market is expected to grow significantly at a CAGR of 5.10% (by Volume) during the forecast period 2021-2028. 2-Wheel-Drive segment accounted more than 85% from the overall tractor market. 50-100 HP segment accounted for the largest market share is expected to grow at a CAGR of 5.04% (by Volume) during the forecast period.
  • Germany is the Europe's largest tractors market. The two biggest agricultural tractor markets in Europe - Germany and France, accounting for almost four agricultural tractors out of 10 registered in Europe. Agriculture tractors accounted for 93% of the overall German tractors market in 2021.
  • With approximately 80% share, tractors are the largest segment of agriculture equipment in Germany in terms of revenue. In addition, in terms of unit sales, Germany is the largest exporter of tractors across Europe. The number of tractors manufactured in Germany accounts for over two-thirds of the total number of tractors manufactured in Europe.
  • The German economy achieved excellent growth in 2021, and the growth rate is expected to sustain in 2023, supported by the rising employment rate and a monetary policy stance that will continue to support domestic demand. Consequently, 2022 is expected to witness a healthy increment of 4.5% in real GDP growth.
  • The Government of Germany's schemes and initiatives to facilitate credit and improve agriculture-related operations are the major drivers that are contributing to the growth of the overall value chain in the German agricultural sector.
  • Germany spent $1.4 billion of its official development assistance (ODA) on agriculture in 2021, making it the prime Organization for Economic Cooperation and Development (OECD) and Development Assistance Committee (DAC) donor to agriculture in real terms.
  • Agriculture was one of the strategic priorities of the former Development Minister of Germany, Gerd Muller, launched 'ONE WORLD - No Hunger', a special initiative on food and nutrition security as well as rural development in 2014, which will most likely be carried forward in this legislative period (2021-2025) under the new Development Minister Svenja Schulze.

MARKET OPPORTUNITIES AND TRENDS

  • Technological Advancements in Tractors
  • Growing Farm Mechanization to Reduce Workforce

MARKET GROWTH ENABLERS

  • Financial Support to Farmers Through Loans & Subsidies
  • Increasing Farmland Size

GERMANY TRACTOR MARKET SEGMENTATION


Tractors are the most profitable segment of agricultural equipment in Germany, accounting for nearly 80% of total revenue. In addition, Germany is the leading tractor exporter in Europe in terms of unit sales. Tractors manufactured in Germany account for more than two-thirds of all tractors produced in Europe.

Segmentation by Horsepower

  • Less Than 50 HP
  • 50-100 HP
  • 101-150 HP
  • Above 150 HP

Segmentation by Drive Type

  • 2-Wheel-Drive
  • 4-Wheel-Drive

Segmentation by Zone

  • Zone I
  • Zone II
  • Zone III
  • Zone IV

VENDOR LANDSCAPE


The key players in the Germany agriculture tractor market are John Deere, CNH Industrial, AGCO, TAFE, and Kubota. In terms of units sold, John Deere and Fendt are the market leaders which accounted for more than 40% of overall German agriculture tractors market in 2021, and in terms of exports, Fendt emerges as the largest exporter of tractors manufactured in Germany, it is the largest manufacturer and seller in Germany.

Key Vendors

  • John Deere
  • CNH
  • AGCO
  • Kubota
  • TAFE

Other Prominent Vendors

  • SDF
  • Action Construction Equipment (ACE)
  • Iseki
  • Deutz-Fahr
  • Mahindra & Mahindra
  • Yanmar
  • Escorts

THE REPORT INCLUDES:


1. The analysis of the Germany Tractor market provides market size and growth rate for the forecast period 2022-2028.
2. It offers comprehensive insights into current industry trends, trend forecast, and growth drivers about the Germany Tractor market.
3. The report provides the latest analysis of market share, growth drivers, challenges, and investment opportunities.
4. It offers a complete overview of market segments and the regional outlook of the Germany Tractor market.
5. The report offers a detailed overview of the vendor landscape, competitive analysis, and critical market strategies to gain competitive advantage.
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • AGCO
  • CNH
  • Deutz-Fahr
  • Escorts
  • Iseki
  • John Deere

1 Research Methodology2 Research Objectives3 Research Process
4 Scope & Coverage
4.1 Market Definition
4.1.1 Inclusions
4.1.2 Exclusions
4.1.3 Market Estimation Caveats
4.2 Base Year
4.3 Scope of the Study
5 Report Assumptions & Caveats
5.1 Key Caveats
5.2 Currency Conversion
5.3 Market Derivation
6 Market at a Glance
7 Introduction
7.1 Overview
7.2 Germany's Agricultural Incentives
7.3 Foreign Direct Investment
7.4 Advantage Germany
7.5 Common Agricultural Policy (Cap) & Eu Agricultural Expenditure
7.6 Cropping Intensity & Land Holding Structures
7.7 Role of Tractors in German Agriculture Sector
7.8 Import & Export Analysis
7.9 Technological Advancements
7.10 Impact of Covid-19 on German Agriculture Sector
8 Market Landscape
8.1 Market Overview
8.1.1 Major Labor Shortage in Agriculture Sector
8.1.2 Equipment Financing Structure
8.2 Market Size & Forecast
9 Horsepower
9.1 Market Snapshot & Growth Engine
9.2 Market Overview
9.3 Less Than 50 Hp
9.3.1 Market Overview
9.3.2 Market Size & Forecast
9.3.3 Less Than 50 Hp Agriculture Tractor Market in Germany by Zones
9.4 50-100 Hp
9.4.1 Market Overview
9.4.2 Market Size & Forecast
9.4.3 50-100 Hp Tractor Market in Germany by Zones
9.5 101-150 Hp
9.5.1 Market Overview
9.5.2 Market Size & Forecast
9.5.3 101-150 Hp Agriculture Tractor Market in Germany by Zones
9.6 151-200 Hp
9.6.1 Market Overview
9.6.2 Market Size & Forecast
9.6.3 151-200 Hp Agriculture Tractor Market in Germany by Zones
9.7 201-300 Hp
9.7.1 Market Overview
9.7.2 Market Size & Forecast
9.7.3 201-300 Hp Agriculture Tractor Market in Germany by Zones
9.8 301-400 Hp
9.8.1 Market Overview
9.8.2 Market Size & Forecast
9.8.3 301-400 Hp Agriculture Tractor Market in Germany by Zones
9.9 Above 400 Hp
9.9.1 Market Overview
9.9.2 Market Size & Forecast
9.9.3 Above 400 Hp Agriculture Tractor Market in Germany by Zones
10 Drive Type
10.1 Market Snapshot & Growth Engine
10.2 Market Overview
10.2.1 Market Size & Forecast
10.3 2Wd Tractors
10.3.1 Market Overview
10.3.2 Market Size & Forecast
10.3.3 2Wd Agriculture Tractor Market in Germany by Zones
10.4 4Wd Tractors
10.4.1 Market Overview
10.4.2 Market Size & Forecast
10.4.3 4Wd Agriculture Tractor Market in Germany by Zones
11 Zones
11.1 Market Snapshot & Growth Engine
11.2 Market Overview
11.3 Zone I
11.3.1 Market Overview
11.3.2 Market Size & Forecast
11.3.3 Zone I Agriculture Tractor Market by Hp
11.3.4 Zone I Agriculture Tractor Market by Wheel Drive
11.4 Zone Ii
11.4.1 Market Overview
11.4.2 Market Size & Forecast
11.4.3 Zone Ii Agriculture Tractor Market by Hp
11.4.4 Zone Ii Agriculture Tractor Market by Wheel Drive
11.5 Zone Iii
11.5.1 Market Overview
11.5.2 Market Size & Forecast
11.5.3 Zone Iii Agriculture Tractor Market by Hp
11.5.4 Zone Iii Agriculture Tractor Market by Wheel Drive
11.6 Zone Iv
11.6.1 Market Overview
11.6.2 Market Size & Forecast
11.6.3 Zone Iv Agriculture Tractor Market by Hp
11.6.4 Zone Iv Agriculture Tractor Market by Wheel Drive
12 Market Opportunities & Trends
12.1 Technological Advancements in Tractors
12.1.1 Self-Driving Tractors
12.1.2 Gps Technology
12.1.3 Growing Demand for Autonomous Tractors
12.2 Growing Farm Mechanization to Reduce Workforce
12.3 Increasing Use of Non-Conventional Fuel in Tractors
13 Market Growth Enablers
13.1 Financial Support to Farmers Through Loans & Subsidies
13.2 Growth in Agricultural Productivity & Exports
13.2.1 Agricultural Exports
13.3 Socio-Demographic Changes in Germany
13.4 Increasing Farmland Size
14 Market Restraints
14.1 Latest Type-Approval Regulations Hamper New Sales
14.2 Swelling Demand for Used & Rental Tractors
14.3 Fluctuating Commodity Prices
15 Five Forces Analysis
15.1.1 Threat of New Entrants
15.1.2 Bargaining Power of Suppliers
15.1.3 Bargaining Power of Buyers
15.1.4 Threat of Substitutes
15.1.5 Competitive Rivalry
16 Competitive Landscape
16.1 Competition Overview
16.1.1 Brand Loyalty
16.1.2 Sales & Exports
17 Key Company Profiles
17.1 John Deere
17.1.1 Business Overview
17.1.2 John Deere in Agriculture Tractor Market
17.1.3 Product Offerings
17.1.4 Key Strategies
17.1.5 Key Strengths
17.1.6 Key Opportunities
17.2 Cnh Industrial
17.2.1 Business Overview
17.2.2 Cnh in Agriculture Tractor Market
17.2.3 Product Offerings
17.2.4 Key Strategies
17.2.5 Key Strengths
17.2.6 Key Opportunities
17.3 Agco
17.3.1 Business Overview
17.3.2 Agco in Agriculture Tractor Market
17.3.3 Product Offerings
17.3.4 Key Strategies
17.3.5 Key Strengths
17.3.6 Key Opportunities
17.4 Kubota
17.4.1 Business Overview
17.4.2 Kubota in Agriculture Tractor Market
17.4.1 Product Offerings
17.4.2 Key Strategies
17.4.3 Key Strengths
17.4.4 Key Opportunities
17.5 Tafe
17.5.1 Business Overview
17.5.2 Tafe in Agriculture Tractor Market
17.5.3 Product Offerings
17.5.4 Key Strategies
17.5.5 Key Strengths
17.5.6 Key Opportunities
18 Other Prominent Vendors
18.1 Sdf
18.1.1 Business Overview
18.1.2 Product Offerings
18.2 Ace
18.2.1 Business Overview
18.2.2 Product Offerings
18.3 Iseki
18.3.1 Business Overview
18.3.2 Product Offerings
18.4 Deutz-Fahr
18.4.1 Business Overview
18.4.2 Product Offerings
18.5 Mahindra & Mahindra
18.5.1 Business Overview
18.5.2 Product Offerings
18.6 Yanmar
18.6.1 Business Overview
18.6.2 Product Offerings
18.7 Escorts
18.7.1 Business Overview
18.7.2 Product Offerings
19 Report Summary
19.1 Key Takeaways
19.2 Strategic Recommendations
20 Quantitative Summary
20.1 Market by Horsepower
20.2 Market by Wheel Drive Type
20.3 Market by Zones
21 Appendix
21.1 Abbreviations
Note: Product cover images may vary from those shown
  • John Deere
  • CNH
  • AGCO
  • Kubota
  • TAFE
  • SDF
  • Action Construction Equipment (ACE)
  • Iseki
  • Deutz-Fahr
  • Mahindra & Mahindra
  • Yanmar
  • Escorts
Note: Product cover images may vary from those shown

Our research comprises a mix of primary and secondary research. The secondary research sources that are typically referred to include, but are not limited to, company websites, annual reports, financial reports, company pipeline charts, broker reports, investor presentations and SEC filings, journals and conferences, internal proprietary databases, news articles, press releases, and webcasts specific to the companies operating in any given market.

Primary research involves email interactions with the industry participants across major geographies. The participants who typically take part in such a process include, but are not limited to, CEOs, VPs, business development managers, market intelligence managers, and national sales managers. We primarily rely on internal research work and internal databases that we have populated over the years. We cross-verify our secondary research findings with the primary respondents participating in the study.



 

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