Summary

Europe Agricultural Equipment Market AnalysisEurope Agricultural Equipment Market was US$ 45.12 Billion in 2023 and will grow US$ 65.84 Billion by 2032, with a CAGR of 4.29% from 2024 to 2032. Growing agricultural mechanization in conjunction with a rise in farmer income is anticipated to be the main driver of growth. It is also assumed that favorable weather for food production and government assistance, such as loan forgiveness programs, will promote market expansion for farmers across all income levels. More technologically sophisticated agricultural robotics are expected to have stronger growth possibilities. Examples include autonomous tractors and drones that fly to assist farmers in producing food at low costs to meet the rising need for food.Agricultural Equipment Market OverviewAny machinery, instrument component, or equipment accessory that is primarily intended for use in agriculture is considered agricultural equipment. "Agricultural equipment" is any equipment utilized in the production of plants, animals, horticulture, or floriculture. The primary driver of the agricultural machinery market's growth in Europe is the growing need for efficient, modern farming equipment. New agricultural equipment is crucial since farmers are placing a stronger priority on more sustainable practices and larger harvests. A large variety of equipment is available in this sector, including ploughs, tractors, planters, harvesters, and irrigation systems. These segments are growing significantly due to the adoption of smart agricultural practices and ongoing technological advancements. It is imperative to acknowledge the challenges posed by the increasing expenses of automation.Despite this challenge, the many benefits offered by modern agricultural equipment—such as reduced labor costs, higher production, and better crop quality—continue to fuel the need for these innovative solutions. Inflation also has an effect on the European market for agricultural equipment. Growing farm labor costs have led to an increase in the popularity of agricultural machinery. It is anticipated that this trend would persist, driving further market expansion. The introduction of government subsidies and incentives to encourage farmers to adopt modern equipment is a significant accelerator for market expansion.Growth Factors in the Agricultural Equipment IndustryThe Spread of Precision Agriculture and the Rise of Smart FarmingThe introduction of cutting-edge technology is driving a dramatic shift in the European agricultural equipment sector. The quick uptake of smart farming methods—precision agriculture being especially significant—is driving this change. By combining tradition and innovation, precision agriculture uses technology to increase farming production and efficiency, drastically altering the landscape of European agriculture. Precision agriculture's alluring promise of higher yields, lower input costs, and improved sustainability is what's causing this explosion.This strategy's primary components in the European agricultural equipment sector are Internet of Things (IoT) devices and data analytics. Over 10 million IoT devices were projected to be installed on farms throughout Europe in 2022. These gadgets, which can be anything from soil sensors to cameras placed on drones, collect enormous volumes of data that, when examined, can give farmers useful information. Because of the precision that these technologies allow, farmers can minimize waste and guarantee ideal crop growth by, for example, applying precisely the right amount of fertilizer to a particular area of a field. In addition, the Food and Agriculture Organization (FAO) projects that by 2050, there will be a 70% rise in world food demand, which presents a significant issue for Europe. Optimizing agricultural output is necessary to meet this demand, and precision agriculture provides a workable answer. Smart farming practices have produced a 20% rise in yields over the past ten years in countries like the Netherlands, where farming is both an art and a science.Sustainability imperativeAnother important factor influencing the European agriculture equipment industry is the increased focus on environmental stewardship and sustainability. Growing awareness of resource depletion, soil degradation, and climate change has led to an increase in demand for technology that helps farmers implement more sustainable agricultural methods. Farmers in Europe are looking for equipment and technology that would help them use less chemicals, maintain healthier soil, and conserve water more effectively. In an effort to reduce greenhouse gas emissions and reliance on fossil fuels, agricultural equipment is also shifting toward renewable energy sources, such as electric tractors and solar-powered irrigation systems. The adoption of environmentally friendly equipment in Europe is further driven by government initiatives, legislation, and incentives supporting sustainable agriculture.Germany Agricultural Equipment Market Overview: In Europe, Germany is a significant market for farm equipment and supplies. The nation exports more agricultural machinery than any other country in the globe thanks to its inventive and precise engineering. It is also among the biggest producers and users of agricultural machinery in Europe.In Germany, tractors are the main source of power for agricultural machines. Leading the tractor industry with companies like Massey Ferguson and Valtra Inc. is AGCO Corporation. Innovative machinery is being introduced by market players to promote farm mechanization. For example, in 2022, Case IH introduced the LB 424 XLD large square baler model, which increases bale quality, handling, and rotor cutter performance by producing extra-dense 120 cm*70 cm bales with up to a 10% density increase.The European Union provides German farmers with an annual subsidy to help them invest in modern machinery, which can be costly otherwise. They are able to operate their farms more profitably thanks to this subsidy. However, the need for agricultural machinery to carry out labor-intensive agricultural tasks is growing as a result of a change in workers' preferences from farm-oriented occupations to allied sectors.Europe Agricultural Equipment Company OverviewSome of the industry leaders seen in the Europe Agricultural Equipment Market Includes John Deere, AGCO, CLAAS KGaA, First Tractor Company Limited, Kubota Corporation.Europe Agricultural Equipment Market NewsIn November 2023, At Agritechnica '23, CNH Industrial NV debuted the CR11 New Holland combine. Its 2x24-inch rotors are powered by a 775-horsepower C16 engine, and a 20,000-liter (567-bushel) grain tank provides enough storage space. The CR11 reduces grain loss with an unload rate of six bushels (210 liters) per second.In November 2023, in order to better meet client needs, Yanmar Co. Ltd. and International Tractors Limited (ITL) joined to expand the product line, network, and service capabilities. With this strategic alliance, both brands stood to gain a significant increase in market reach because to their vast networks. Together, ITL and Yanmar wanted to use their combined resources and experience to offer the most cutting-edge goods and unmatched customer service throughout Europe.In September 2023, by combining Yara's agronomic knowledge with John Deere's precision technology, the two companies increased crop yields and fertilizer efficiency. Through this partnership, farmers were able to enhance productivity, optimize nutrient use, and receive advice based on data.In January 2023, the revolutionary prototype tractor known as the T7 Methane Power was introduced by the well-known agricultural equipment manufacturer New Holland. This state-of-the-art tractor offers enhanced economy and extended fill times with its liquefied gas option. The T7 Methane Power tractor has four times the fuel capacity of its T6 compressed natural gas (CNG)-powered predecessor. New Holland is transforming the agriculture sector and providing farmers with a more efficient and sustainable means of meeting their demands with this technical innovation.European Agricultural Tractors Market by Horsepower – Market breakup in 5 viewpoints:1. Agricultural tractors > 120 hp2. Agricultural tractors 100-120 hp3. Agricultural tractors 80-99 hp4. Agricultural tractors 50-79 hp5. Agricultural tractors <= 49 hpSoil working, sowing and fertilizing equipment Market – Market breakup in 5 viewpoints:1. Soil working equipment (ploughs, harrows, cultivators, etc.)2. Sowing equipment3. Mineral or chemical fertilizer spreaders4. Manure spreaders5. Other soil working or cultivation machines, equipment, machineryEuropean Market of Harvesting Equipment – Market breakup in 3 viewpoints:1. Combine harvesters2. Self-propelled forage harvesters3. Other harvesting equipmentGarden and forestry machinery Market– Market breakup in 4 viewpoints:1. Lawnmowers2. Forestry equipment3. Chainsaws H4. Hedge trimmers, lawn shears, electric lawn edging shearsLivestock Equipment Market – Market breakup in 4 viewpoints:1. Livestock watering, feeding and rearing equipment2. Feed preparation machines and equipment3. Milking machines4. Other livestock equipmentHaymaking Equipment Market - Market breakup in 2 viewpoints:1. Mounted or Trailed2. Others haymakingIrrigation and Crop Protection Equipment Market – Market breakup in 4 viewpoints:1. Sprayers, mounted or trailed2. Portable sprayers, with or without motor3. Mechanical irrigation systems4. Other crop protection sprayersAgricultural trailers and semi-trailers MarketMachines for cleaning and sorting agricultural products MarketCountry – Market breakup in 25 viewpoints:Europeo Franceo Germanyo Italyo United Kingdomo Polando Austriao Netherlandso Finlando Romaniao Denmarko Hungaryo Portugalo Irelando Lithuaniao Greeceo Croatiao Estoniao Latviao Luxembourgo Rest of EuropeEuropean Hay-Making Machine Marketo Franceo Germanyo Italyo United Kingdomo Polando Austriao Netherlandso Finlando Romaniao Denmarko Hungaryo Irelando Lithuaniao Greeceo Croatiao Estoniao Latviao Luxembourgo Rest of EuropeCountry - Custom Data for Hay Making Machines Market - All Countries covered in 9 viewpoints:1. Rakes2. Bale Wrappers3. Tedders4. Mowers5. Mower-conditioner6. Unspecified hay making Equipments7. Round Balders8. Square balers9. Loader Wagonso Franceo Germanyo Italyo United Kingdomo Polando Austriao Netherlandso Finlando Romaniao Denmarko Hungaryo Portugalo Irelando Lithuaniao Greeceo Croatiao Estoniao Latviao Luxembourgo Rest of EuropeAll the Key players have been covered from 4 Viewpoints:• Overviews• Key Person• Recent Developments & Strategies• Product Portfolio & Product Launch in Last 1 Year• RevenueCompany Analysis:1. John Deere2. AGCO3. CLAAS KGaA4. First Tractor Company Limited5. Kubota Corporation

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Table of Contents

1. Introduction2. Research Methodology3. Executive Summary4. Market Dynamics4.1 Growth Drivers4.2 Challenges5 Europe Agricultural Equipment Market6 Europe Agriculture Equipment Market Share Analysis6.1 By Equipment Market Share6.2 By Country Market Share7 Europe Agriculture Equipment by Machine Parts8 European Agricultural Tractors Market by Horsepower8.1 Agricultural tractors 120 hp8.2 Agricultural tractors 100-120 hp8.3 Agricultural tractors 80-99 hp8.4 Agricultural tractors 50-79 hp8.5 Agricultural tractors <= 49 hp9 Soil working, sowing and fertilizing equipment Market9.1 Soil working equipment (ploughs, harrows, cultivators, etc.)9.2 Sowing equipment9.3 Mineral or chemical fertiliser spreaders9.4 Manure spreaders9.5 Other soil working or cultivation machines, equipment, machinery10 European Market of Harvesting Equipment10.1 Combine harvesters10.2 Self-propelled forage harvesters10.3 Other harvesting equipment11 Garden and forestry machinery Market11.1 Lawnmowers11.2 Forestry equipment11.3 Chainsaws H11.4 Hedge trimmers, lawn shears, electric lawn edging shears12 Livestock Equipment Market12.1 Livestock watering, feeding and rearing equipment12.2 Feed preparation machines and equipment12.3 Milking machines12.4 Other livestock equipment13 Haymaking Equipment Market13.1 Mounted or Trailed13.2 Others haymaking14 Balers and pick-up balers15 Irrigation and Crop Protection Equipment Market15.1 Sprayers, mounted or trailed15.2 Portable sprayers, with or without motor15.3 Mechanical irrigation systems15.4 Other crop protection sprayers16 Agricultural trailers and semi-trailers Market17 Machines for cleaning and sorting agricultural products Market18 By Country – Europe Agriculture Equipment Market18.1 France18.2 Germany18.3 Italy18.4 United Kingdom18.5 Poland18.6 Austria18.7 Netherlands18.8 Finland18.9 Romania18.10 Denmark18.11 Hungary18.12 Portugal18.13 Ireland18.14 Lithuania18.15 Greece18.16 Croatia18.17 Estonia18.18 Latvia18.19 Luxembourg18.20 Rest of Europe19 Market and Volume – European Hay-Making Machine19.1 France19.1.1 Market19.1.2 Volume19.2 Germany19.2.1 Market19.2.2 Volume19.3 Italy19.3.1 Market19.3.2 Volume19.4 United Kingdom19.4.1 Market19.4.2 Volume19.5 Poland19.5.1 Market19.5.2 Volume19.6 Austria19.6.1 Market19.6.2 Volume19.7 Netherlands19.7.1 Market19.7.2 Volume19.8 Finland19.8.1 Market19.8.2 Volume19.9 Romania19.9.1 Market19.9.2 Volume19.10 Denmark19.10.1 Market19.10.2 Volume19.11 Hungary19.11.1 Market19.11.2 Volume19.12 Portugal19.12.1 Market19.12.2 Volume19.13 Ireland19.13.1 Market19.13.2 Volume19.14 Lithuania19.14.1 Market19.14.2 Volume19.15 Greece19.15.1 Market19.15.2 Volume19.16 Croatia19.16.1 Market19.16.2 Volume19.17 Estonia19.17.1 Market19.17.2 Volume19.19 Latvia19.19.1 Market19.19.2 Volume19.20 Luxembourg19.20.1 Market19.20.2 Volume19.2 Rest of Europe19.21.1 Market19.21.2 Volume20 Porter’s Five Forces20.1 Bargaining Power of Buyer20.2 Bargaining Power of Supplier20.3 Threat of New Entrants20.4 Rivalry among Existing Competitors20.5 Threat of Substitute Products21 SWOT Analysis21.1 Strengths21.2 Weaknesses21.3 Opportunities21.4 Threats22 Key Players Analysis22.1 John Deere22.1.1 Overviews22.1.2 Key Person22.1.3 Recent Development22.1.4 Product Portfolio & Product Launch in Last 1 Year22.1.5 Revenue22.2 AGCO22.2.1 Overviews22.2.2 Key Person22.2.3 Recent Development22.2.4 Product Portfolio & Product Launch in Last 1 Year22.2.5 Revenue22.3 CLAAS KGaA22.3.1 Overviews22.3.2 Key Person22.3.3 Recent Development22.3.4 Product Portfolio & Product Launch in Last 1 Year22.3.5 Revenue22.4 First Tractor Company Limited22.4.1 Overviews22.4.2 Key Person22.4.3 Recent Development22.4.4 Product Portfolio & Product Launch in Last 1 Year22.4.5 Revenue22.5 Kubota Corporation22.5.1 Overviews22.5.2 Key Person22.5.3 Recent Development22.5.4 Product Portfolio & Product Launch in Last 1 Year22.5.5 Revenue