Belgium Agriculture Machinery Market Outlook to 2027F
Segmented by Agriculture Tractor Market (By Type: 2W and 4W Tractors), By Power (8HP-15HP, 20HP-35HP, and Above 120HP), By Combine harvester, By Rice Trans planters
About the Report
About the Report
The report provides a comprehensive analysis of the potential of Agriculture Machinery Industry in Belgium. The report covers an overview and genesis of the industry, market size in terms of revenue generated.
Its market segmentations include by Agriculture Tractor Market, by Power, by Regions, by Rice Transplanters;growth enablers and drivers; challenges and bottlenecks; trends driving adoption trends; regulatory framework; end-user analysis, industry analysis, competitive landscape including competition scenario and market shares of major players. The report concludes with future market projections of each market segmentation and analyst recommendations.
According to Ken Research estimates, the Belgium Agriculture Machinery Market – which grew from approximately USD ~ Bn in 2017 to approximately USD ~ Bn in 2022P – is forecasted to grow further into USD ~ Bn opportunity by 2027F, owing to the Smart farming, Agriculture 4.0 along with strong government support.
- With the growing demand for agricultural commodities and increasing number of government subsidiaries for purchasing agricultural equipment are contributing to the Belgium agriculture machinery market growth.
- With the adoption of new technology, agriculture 4.0 and adoption of smart farming are fueling the growth of Belgium agriculture machinery market.
Key Trends by Market Segment:
By Product: The revenue from the tractor market in Belgium increased at a CAGR of ~% during the period 2017 – 2022P. Tractors have been segmented on the basis of power and those that range from 20 to 75 hp were most preferred in Belgium, accounting for the highest total tractor sales volume.
By Combine Harvester: The market revenue from combines harvesters increased at a CAGR of ~% during the same period. Combine harvesters of 70 hp and below accounted for the highest total sales of combined harvesters. Harvesters of 70-105 hp and above 105 hp contributed remaining share respectively to the overall sales of combine harvesters.
In Belgium Agriculture Machinery Market there are about ~ players operating in the overall market, and top 5 players accounted ~% share in the market in terms of revenue. Some of the major players in the Belgium Agriculture Machinery Market are MTZ (Minsk Tractor Factory), New Holland, ASI, Oliver Farm Equipment Company and John Deere etc.
The Belgium Agriculture Machinery Market is projected to show a significant growth, to contribute ~ Bn by 2027F with the rising awareness for the advance equipments, increasing demand for agriculture equipment rental services, use of smart farming, integration of Agriculture 4.0 along with strong government support. The growth rate of total market size is anticipated to increase over the period with surge in rising food demand along with government incentives and policies.
Scope Of The Report
Scope of the Report
By Combine Harvesters
By Rice Transplanters
Key Target Audience – Organizations and Entities Who Can Benefit by Subscribing This Report
- Existing Agricultural Machinery Companies
- New Market Entrants - Domestic OEMs
- New Market Entrants - Foreign OEMs
- Agricultural Machinery Financing Companies
- Government Bodies
- Investors & Venture Capital Firms
- Agricultural Machinery Manufacturers
- Agricultural Machinery Distributors
- Agricultural Machinery Associations
Time Period Captured in the Report
- Historical Year: 2017-2021
- Base Year: 2022P
- Forecast Period: 2022P– 2027F
Major Players Mentioned in the Report
- MTZ (Minsk Tractor Factory)
- New Holland
- Oliver Farm Equipment Company
- John Deere
Table of Contents
Table of Contents
1. Executive Summary
2. Belgium Agriculture Machinery Market Overview
2.1 Taxonomy of the Belgium Agriculture Machinery Market
2.2 Industry Value Chain
2.4 Government Regulations/Initiatives for the Belgium Agriculture Machinery Market
2.5 Growth Drivers of the Belgium Agriculture Machinery Market
2.6 Issues and Challenges of the Belgium Agriculture Machinery Market
2.7 Impact of COVID-19 on the Belgium Agriculture Machinery Market
2.8 SWOT Analysis
3. Belgium Agriculture Machinery Market Size, 2017 – 2022
4. Belgium Agricultu re Machinery Market Segmentation
4.1 By Product Type, 2017 - 2022
4.2 By Power, 2017 - 2022
4.3 By Regional Split (North/East/West/South/Central), 2017 - 2022
5. Competitive Landscape
5.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
5.2 Strategies Adopted by Leading Players
5.3 Company Profiles – (Top 5 - 7 Major Players)
5.3.1 MTZ (Minsk Tractor Factory)
5.3.2 New Holland
5.3.4 Oliver Farm Equipment Company
5.3.5 John Deere
6. Belgium Agriculture Machinery Future Market Size, 2022 – 2027
7. Belgium Agriculture Machinery Future Market Segmentation
7.1 By Product Type, 2022 - 2027
7.2 By Power, 2022 - 2027
7.3 By Regional Split (North/East/West/South), 2022 - 2027
8. Analyst Recommendations
9. Research Methodology
11. Contact Us
Step 1: Identifying Key Variables: Ecosystem creation for all the major entities and referring to multiple secondary and proprietary databases to perform desk research around market to collate industry level information.
Step 2: Market Building: Collating statistics on agriculture equipment over the years, CATIs with the management to understand their operating and financial indicators including revenue, sales volume, vehicle pricing, brands catered, value-added services offered, bestselling models, future strategies and other value-adding information.
Step 3: Validating and Finalizing: Building market hypothesis and conducting CATIs with industry exerts belonging to different companies to validate statistics and seek operational and financial information from company representatives.
Step 4: Research output: Our team will approach multiple finance providing channels and understand nature of product segments and sales, consumer preference and other parameters, which will support us validate statistics derived through bottom to top approach from car finance providers.
Frequently Asked Questions
Frequently Asked Questions
What is the Study Period of this Market Report?
The Belgium Agriculture Machinery Market is covered from 2017–2027F in this report, including a forecast for 2022P-2027F.
What is the Future Growth Rate of the Belgium Agriculture Machinery Market?
The Belgium Agriculture Machinery Market is expected to witness a CAGR of ~% over the next five years.
What are the Key Factors Driving the Belgium Agriculture Machinery Market?
The rising awareness for the advance equipment, increasing demand for agriculture equipment rental services, use of smart farming, integration of Agriculture 4.0 along with strong government support are likely to fuel the growth in the Belgium Agriculture Machinery Market.
Which is the Largest Product Type Segment within the Belgium Agriculture Machinery Market?
The tractor product type segment held the largest share of the Belgium Agriculture Machinery Market in 2022P.
Who are the Key Players in the Belgium Agriculture Machinery Market?
MTZ (Minsk Tractor Factory), New Holland, ASI, Oliver Farm Equipment Company and John Deere are major players in Belgium Agriculture Machinery Market.
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