Germany Agricultural Equipment Market Growth, Size, Trends, Demand, Share and Future Outlook
Germany Agricultural Equipment Market Size- By Equipment Type, By Application Type- Regional Outlook, Competitive Strategies and Segment Forecast to 2033
| Published: Jul-2024 | Report ID: AGRI2429 | Pages: 1 - 107 | Formats*: |
| Category : Agriculture | |||
Germany Agricultural Equipment Market Introduction and Overview
According to SPER Market Research, the Germany Agricultural Equipment Market is estimated to reach USD XX million by 2033 with a CAGR of 3.75%.
The report includes an in-depth analysis of the Germany Agricultural Equipment Market, including market size and trends, product mix, applications, and supplier analysis. Agricultural equipment is the machinery or manufactured parts used in agro-based economies worldwide to boost land output. Farmers and landowners are strongly encouraged by the machinery to integrate automation technology into their traditional farming methods. In addition, the growing scarcity of human labour and the high expense of maintaining animals on building sites throughout numerous countries are driving customers to embrace the benefits of modern technology in farming applications. In March 2023, John Deere announced MY24 upgrades to its 7, 8, and 9 Series Tractors, positioning them for the future of precision agriculture.
- In August 2022, AGCO introduced the most recent model in the Fendt 700 Vario series of tractors. It included an improved powertrain with VarioDrive gearbox and the Fendt iD low engine speed concept. The goal of this new generation is to increase customer productivity and efficiency.
- In June 2022, the CLAAS AXION 900 series of large tractors for contractors and large farms will be fitted as standard with the upgraded, continuously variable ZF Terramatic gearbox.
Market Opportunities and Challenges
Opportunities- Utilising Energy-Efficient Farm Machinery
The Positive Agriculture Project seeks to supply necessary equipment in a sustainable manner and enhance the quality of life for everyone involved in the agricultural supply chain. This goal complements the previously declared target of reducing greenhouse gas (GHG) emissions by 40% by 2030 and completely eliminating emissions by 2040. The accomplishment of these goals will be made possible by the use of energy-efficient agricultural equipment.
Germany's High Local Production Capabilities
Germany produces a considerable amount of agricultural equipment domestically. More than 20 production facilities provide equipment to the domestic and foreign markets. A supportive tax and regulatory environment for the industry, competitive electricity and fuel prices, and the availability of a trained labour force at a reasonable cost have all contributed to the current economic climate that is conducive to production investments.
Challenges- Growing agriculture Technological advancements in the agriculture industry raise input prices for equipment commissioning across farms. Furthermore, using such mechanised agricultural equipment incurs substantial operational and maintenance costs, resulting in low agricultural profit margins. The complicated machine's engagement in farming operations increased the complexity for farmers, raising concerns about the ability of qualified labour to manage and oversee operations. Furthermore, the increasing usage of agricultural machinery, which becomes heavier over time, causes soil compaction and may occasionally harm crops or food products. Thus, using modern farming equipment encourages farmers to overuse mechanised fertiliser spreaders, resulting in equipment malfunctions or frequent maintenance. Unavailability and delays in repairing and servicing the equipment contribute to downtime. This results in high maintenance costs and repair work.
Market Competitive Landscape
The market under consideration is extremely consolidated, with a few main firms holding a significant market share. This can be ascribed to crop growers' preference for big brands in machinery due to the assurance of quality and after-sales services provided by major corporations. Deere & Company, AGCO Corporation, CNH Industrial N. V., KUBOTA Corporation, and Mahindra & Mahindra Ltd. are all major players in the Indian agricultural machinery market. The leading firms in the German market have pursued important tactics such as new product releases, alliances, and acquisitions.
Scope of the report:
| Report Metric | Details |
| Market size available for years | 2020-2033 |
| Base year considered | 2023 |
| Forecast period | 2024-2033 |
| Segments covered | By Equipment Type, By Application Type |
| Regions covered | Eastern Region, Western Region, Southern Region, Northern Region |
| Companies Covered | Agrale S.A, AGCO Corporation, CLAAS KGaA mbH, Deere & Company, CNH Industrial N.V, Kubota Corporation, Mahindra & Mahindra Ltd, Yanmar Co. |
COVID-19 Impact on Germany Agricultural Equipment Market
The COVID-19-related restrictions forced farmers to experience a decline in revenue, which made it more difficult for them to buy agricultural equipment. Due of global restrictions, the COVID-19 pandemic made it difficult for the German market for agricultural equipment to flourish. Even so, the market ultimately succeeded in setting the standard for easily accessible mechanised gear for the nation's target market.
Key Target Audience:
- Farmers and Agricultural Producers
- Agribusiness Companies
- Agricultural Cooperatives
- Agricultural Equipment Dealers and Distributors
- Government and Regulatory Bodies
- Research and Academic Institutions
- Agricultural Contractors
- Financial Institutions and Insurance Companies
Our in-depth analysis of the Germany Agricultural Equipment Market includes the following segments:
| By Equipment Type: |
|
| By Application Type: |
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Key Topics Covered in the Report:
- Germany Agricultural Equipment Market Size (FY’2024-FY’2033)
- Overview of Germany Agricultural Equipment Market
- Segmentation of Germany Agricultural Equipment Market by Equipment Type (Tractors, Planting Equipment, Tillage Equipment, Sprayer, Harvesting Equipment, Mowing Equipment, Others)
- Segmentation of Germany Agricultural Equipment Market by Application Type (Land Development and Seed Bed Preparation, Sowing and Planting, Plant Protection, Harvesting and Threshing, and Post Harvesting)
- Statistical Snap of Germany Agricultural Equipment Market
- Expansion Analysis of Germany Agricultural Equipment Market
- Problems and Obstacles in Germany Agricultural Equipment Market
- Competitive Landscape in the Germany Agricultural Equipment Market
- Impact of COVID-19 and Demonetization on Germany Agricultural Equipment Market
- Details on Current Investment in Germany Agricultural Equipment Market
- Competitive Analysis of Germany Agricultural Equipment Market
- Prominent Players in the Germany Agricultural Equipment Market
- SWOT Analysis of Germany Agricultural Equipment Market
- Germany Agricultural Equipment Market Future Outlook and Projections (FY’2024-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1. Research data source2.1.1. Secondary Data2.1.2. Primary Data2.1.3. SPER’s internal database2.1.4. Premium insight from KOL’s2.2. Market size estimation2.2.1. Top-down and Bottom-up approach2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis4.1.1. Drivers4.1.2. Restraints4.1.3. Opportunities4.1.4. Challenges4.2. COVID-19 Impacts of the Germany Agricultural Equipment Market.
5. Market variable and outlook
5.1. SWOT Analysis5.1.1. Strengths5.1.2. Weaknesses5.1.3. Opportunities5.1.4. Threats5.2. PESTEL Analysis5.2.1. Political Landscape5.2.2. Economic Landscape5.2.3. Social Landscape5.2.4. Technological Landscape5.2.5. Environmental Landscape5.2.6. Legal Landscape5.3. PORTER’s Five Forces5.3.1. Bargaining power of suppliers5.3.2. Bargaining power of buyers5.3.3. Threat of Substitute5.3.4. Threat of new entrant5.3.5. Competitive rivalry5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Germany Agricultural Equipment Market Manufacturing Base Distribution, Sales Area, Product Type6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Germany Agricultural Equipment Market
7. Germany Agricultural Equipment Market, By Equipment Type (USD Million) 2020-2033
7.1. Germany Agricultural Equipment Market Size, Share and Forecast, By Equipment Type, 2020-20267.2. Germany Agricultural Equipment Market Size, Share and Forecast, By Equipment Type, 2027-20337.3. Tractors7.3.1. Horsepower7.3.2. Wheel-Drive7.4. Planting Equipment7.4.1. Seeder7.4.2. Planter7.4.3. Transplanter7.5. Tillage Equipment7.5.1. Plough7.5.2. Harrow7.5.3. Tiller7.6. Sprayer7.6.1. Field Crop Sprayers7.6.2. Orchard Sprayers7.7. Harvesting Equipment7.7.1. Combine Harvester7.7.2. Self-Propelled Forages7.8. Mowing Equipment7.8.1. Mower7.8.2. Windrower7.9. Others
8. Germany Agricultural Equipment Market, By Application Type (USD Million) 2020-2033
8.1. Germany Agricultural Equipment Market Size, Share and Forecast, By Application Type, 2020-20268.2. Germany Agricultural Equipment Market Size, Share and Forecast, By Application Type, 2027-20338.3. Land Development and Seed Bed Preparation8.4. Sowing and Planting8.5. Plant Protection8.6. Harvesting and Threshing8.7. Post Harvesting
9. Germany Agricultural Equipment Market Forecast, 2020-2033 (USD Million)
9.1. Germany Agricultural Equipment Market Size and Market Share
10. Germany Agricultural Equipment Market, By Region, 2020-2033 (USD Million)
10.1. Germany Agricultural Equipment Market Size and Market Share By Region (2020-2026)10.2. Germany Agricultural Equipment Market Size and Market Share By Region (2027-2033)10.3. Eastern Region10.4. Western Region10.5. Southern Region10.6. Northern Region
11. Company Profile
11.1. Agrale S.A11.1.1. Company details11.1.2. Financial outlook11.1.3. Product summary11.1.4. Recent developments11.2. AGCO Corporation11.2.1. Company details11.2.2. Financial outlook11.2.3. Product summary11.2.4. Recent developments11.3. CLAAS KGaA mbH11.3.1. Company details11.3.2. Financial outlook11.3.3. Product summary11.3.4. Recent developments11.4. Deere & Company11.4.1. Company details11.4.2. Financial outlook11.4.3. Product summary11.4.4. Recent developments11.5. CNH Industrial N.V11.5.1. Company details11.5.2. Financial outlook11.5.3. Product summary11.5.4. Recent developments11.6. Kubota Corporation11.6.1. Company details11.6.2. Financial outlook11.6.3. Product summary11.6.4. Recent developments11.7. Mahindra & Mahindra Ltd11.7.1. Company details11.7.2. Financial outlook11.7.3. Product summary11.7.4. Recent developments11.8. Yanmar Co11.8.1. Company details11.8.2. Financial outlook11.8.3. Product summary11.8.4. Recent developments11.9. Others
12. Conclusion
13. List of Abbreviations
14. Reference Links
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
Germany Agricultural Equipment Market is projected to reach USD XX billion by 2033, growing at a CAGR of 3.75% during the forecast period.
Germany Agricultural Equipment Market grew in market size from 2024. The Market is expected to reach USD XX billion by 2033, at a CAGR of 3.75% during the forecast period.
Germany Agricultural Equipment Market CAGR of 3.75% during the forecast period.
You can get the sample pages by clicking the link -Click Here
Germany Agricultural Equipment Market size is USD XX billion from 2024 to 2033.
Germany Agricultural Equipment Market Segment is Covered By Equipment Type, By Application Type.
The Europe region is anticipated to have the highest market share in Germany Agricultural Equipment Market.
The key players in the market include Companies Covered Agrale S.A, AGCO Corporation, CLAAS KGaA mbH, Deere & Company, CNH Industrial N.V, Kubota Corporation, Mahindra & Mahindra Ltd, Yanmar Co.
Germany produces a considerable amount of agricultural equipment domestically. More than 20 production facilities provide equipment to the domestic and foreign markets.
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