Italy Agricultural Machinery Market Introduction and Overview
According to SPER Market Research, the Italy Agricultural Machinery Market is estimated to reach USD XX billion by 2033 with a CAGR of 5.51%.
The report includes an in-depth analysis of the Italy Agricultural Machinery Market, including market size and trends, product mix, applications, and supplier analysis. The mechanical equipment or vehicles used in agricultural pursuits like farming are referred to as agricultural machinery. A wide variety of power and manual tools, including tractors, harvesters, hay and forage machines, and many more readily operated farm equipment types, are among the various sorts of agricultural machinery equipment.
Market Opportunities and Challenges
Since agricultural machinery is rarely used on the domestic market compared to exports, Italy's agricultural machinery industry is mostly focused on exports, primarily serving the US and the EU. Some of the reasons driving the market expansion include the surge in technical improvements and the growing necessity for farm mechanisation. The region is seeing an increase in the demand for farm mechanisation as a result of farmers' incomes not keeping up with rising production costs, such as labour expenses. There is a severe labour shortage in agriculture. As a result, the lack of agricultural labour is making room for wage rates to grow, which in turn is enabling farmers in the area to use tractors and other farm machinery. Consequently, the expansion of the agricultural machinery market in the region is anticipated to be driven by this factor.
The area's farmers are searching for tractors with specialised characteristics that will meet their needs for efficient farming. Therefore, many domestic and foreign producers of agricultural machinery are developing new, technologically advanced tractors that can handle a variety of farming applications in order to meet consumer demand. For example, Kubota introduced a number of new products in 2017 including the M7-1 tractor series, which has 170 horsepower and is intended for midsize farms in Italy. Variable gearbox (CVT), integrated touch screen terminals, and emission technology are among the luxury features of the M7-1.
Nonetheless, a few of the obstacles impeding the market's growth are the loss in the number of operating farms and a notable drop in agricultural revenue. Another factor impeding the market's growth is small-scale farmers' ignorance about the advantages and benefits of employing agricultural technology. Another significant barrier to the industry is the rising cost of agricultural equipment in emerging economies.
Market Competitive Landscape
Major players like AGCO Corporation, CLAAS KGaA mbH, CNH Industrial NV, Deere & Company, Kubota Corporation, Kuhn Group, Same Deutz-Fahr, Yanmar Co. Ltd are present in the nation, which contributes to the market's intense competition. The players in question are heavily investing in research and development, with the aim of developing novel agricultural machinery items that meet the demands of farmers in the area. The Italy Agricultural Machinery market is fragmented.
Scope of the Report:
Report Metric | Details |
Market size available for years | 2019-2033 |
Base year considered | 2022 |
Forecast period | 2023-2033 |
Segments covered | By Type
|
Regions covered | Eastern Region, Western Region, Southern Region, Northern Region
|
Companies Covered | AGCO Corporation, CLAAS KGaA mbH, CNH Industrial NV, Deere & Company, Kubota Corporation, Kuhn Group, Same Deutz-Fahr, Yanmar Co. Ltd, Others
|
COVID-19 Impact on Italy Agricultural Machinery Market
In 2020, there was a minor decline in the market for agricultural machinery due to the COVID-19 pandemic. Government restrictions intended to stop the new coronavirus caused manufacturing facilities to temporarily close, which delayed production. As a result, the first half of 2020 had adverse effects on the industry. AGCO Industries, Deere & Company, and Kubota Corporation were among the companies that saw a decrease in sales of agricultural equipment in H1/2020. But as governments liberalised their economies in H2/2020, the market for agricultural equipment recovered and grew until H1/2021.
Key Target Audience:
- Agricultural Equipment Manufacturers
- Agricultural Extension Services
- Agricultural Machinery Dealers and Distributors
- Farm Equipment Maintenance and Repair Services
- Farmers and Agricultural Producers
- Government Agricultural Departments
- Others
Our in-depth analysis of the Italy Agricultural Machinery Market includes the following segments:
By Type:
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Equipments
Harvesting Machinery
Haying and Forage Machinery
Irrigation Machinery
Tractors
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By Region:
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Eastern Region
Western Region
Southern Region
Northern Region
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Key Topics Covered in the Report:
- Italy Agricultural Machinery Market Size (FY’2023-FY’2033)
- Overview of Italy Agricultural Machinery Market
- Segmentation of Italy Agricultural Machinery Market By Type (Equipments, Harvesting Machinery, Haying and Forage Machinery, Irrigation Machinery, Tractors)
- Statistical Snap of Italy Agricultural Machinery Market
- Expansion Analysis of Italy Agricultural Machinery Market
- Problems and Obstacles in Italy Agricultural Machinery Market
- Competitive Landscape in the Italy Agricultural Machinery Market
- Impact of COVID-19 and Demonetization on Italy Agricultural Machinery Market
- Details on Current Investment in Italy Agricultural Machinery Market
- Competitive Analysis of Italy Agricultural Machinery Market
- Prominent Players in the Italy Agricultural Machinery Market
- SWOT Analysis of Italy Agricultural Machinery Market
- Italy Agricultural Machinery Market Future Outlook and Projections (FY’2023-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data
2.1.2. Primary Data
2.1.3. SPER’s internal database
2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges
4.2. COVID-19 Impacts of the Italy Agricultural Machinery Market
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths
5.1.2. Weaknesses
5.1.3. Opportunities
5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape
5.2.2. Economic Landscape
5.2.3. Social Landscape
5.2.4. Technological Landscape
5.2.5. Environmental Landscape
5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers
5.3.2. Bargaining power of buyers
5.3.3. Threat of Substitute
5.3.4. Threat of new entrant
5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Italy Agricultural Machinery Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Italy Agricultural Machinery Market
7. Italy Agricultural Machinery Market, By Type (USD Million)
7.1. Italy Agricultural Machinery Market Value Share and Forecast, By Type, 2023-2033
7.2. Equipments
7.2.1. Harrows
7.2.2. Ploughs
7.2.3. Rotovators and Cultivators
7.2.4. Seed and Fertilizer Drills
7.2.5. Other Equipments
7.3. Harvesting Machinery
7.3.1. Combine Harvesters
7.3.2. Forage Harvesters
7.3.3. Other Harvesting Machinery
7.4. Haying and Forage Machinery
7.4.1. Balers
7.4.2. Mowers and Conditioners
7.4.3. Other Haying and Forage Machinery
7.5. Irrigation Machinery
7.5.1. Sprinkler Irrigation
7.5.2. Drip Irrigation
7.5.3. Other
7.6. Tractors
7.6.1. Less than 40 HP
7.6.2. 40 HP to 99 HP
7.6.3. Greater than 100 HP
8. Italy Agricultural Machinery Market Forecast, 2019-2033 (USD Million)
8.1. Italy Agricultural Machinery Market Size and Market Share
9. Italy Agricultural Machinery Market, By Type, 2019-2033 (USD Million)
9.1. Italy Agricultural Machinery Market Size and Market Share By Type (2019-2026)
9.2. Italy Agricultural Machinery Market Size and Market Share By Type (2027-2033)
10. Italy Agricultural Machinery Market, By Region, 2019-2033 (USD Million)
10.1. Italy Agricultural Machinery Market Size and Market Share By Region (2019-2026)
10.2. Italy Agricultural Machinery Market Size and Market Share By Region (2027-2033)
10.3. Eastern Region
10.4. Western Region
10.5. Southern Region
10.6. Northern Region
11. Company Profile
11.1. AGCO Corporation
11.1.1. Company details
11.1.2. Financial outlook
11.1.3. Product summary
11.1.4. Recent developments
11.2. CLAAS KGaA mbH
11.2.1. Company details
11.2.2. Financial outlook
11.2.3. Product summary
11.2.4. Recent developments
11.3. CNH Industrial NV
11.3.1. Company details
11.3.2. Financial outlook
11.3.3. Product summary
11.3.4. Recent developments
11.4. Deere & Company
11.4.1. Company details
11.4.2. Financial outlook
11.4.3. Product summary
11.4.4. Recent developments
11.5. Kubota Corporation
11.5.1. Company details
11.5.2. Financial outlook
11.5.3. Product summary
11.5.4. Recent developments
11.6. Kuhn Group
11.6.1. Company details
11.6.2. Financial outlook
11.6.3. Product summary
11.6.4. Recent developments
11.7. Kubota Corporation
11.7.1. Company details
11.7.2. Financial outlook
11.7.3. Product summary
11.7.4. Recent developments
11.8. Yanmar Co. Ltd
11.8.1. Company details
11.8.2. Financial outlook
11.8.3. Product summary
11.8.4. Recent developments
11.9. Others
12. List of Abbreviations
13. Reference Links
14. Conclusion
15. Research Scope