Germany Agricultural Equipment Market Outlook to 2027F
Driven by Type of Equipment (Plows, Harrows, Land Levelers, Other Equipment), by Type of tractor, By Harvesting Machinery (Combine Harvesters, Forage Harvesters, Other Harvesting Machinery)
December 2022
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About the Report
About the Report
The report provides a comprehensive analysis of the potential of the agricultural equipment industry in Germany. The report covers an overview and genesis of the industry, and market size in terms of revenue.
Its market segmentations include By Market Structure, By Type of Tractor, By Type of Equipment, By Harvesting Machinery, By Type of Pumps, and By Type of Threshers; 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.
Market Overview:
According to Ken Research estimates, the agriculture equipment market in Germany – which grew from approximately $ ~ Bn in 2017 to approximately $ ~ Bn in 2022P – is forecasted to grow further into a $ ~ Bn opportunity by 2027F, owing to the expansion of the farm mechanization, and the initiatives taken by the government.
- Tractors are the leading segment in agricultural machinery in terms of revenue and quantities sold in Germany in the past five years.
- In July 2020, Massey Ferguson launched the MF 8S series of tractors. These tractors are designed to enhance smart farming technologies.
- In 2017, Deere and Company completed the biggest acquisition in its history by purchasing the Wirtgen Group to expand its business in Germany in both agriculture and construction.
Key Trends by Market Segment:
By Type of Tractors:The tractor segment was observed to dominate the Agriculture Equipment Industry in Germany. Tractors are multipurpose equipment with the ability to handle numerous implementations such as harrows, ploughs, sprayers and others. Tractors with high horsepower account for a relatively higher market share when compared to small- and medium-sized tractors, owing to their prices and requirements in the fields.
By Sprayers: Germany is one of the largest manufacturers and exporters of agricultural sprayers in the European and the global markets, accounting for around ~% share in the European agricultural sprayers market.Field Crop Sprayers account for ~% in the market.
Competitive Landscape
There are around ~ plus market players in the agricultural equipment industry in Germany in which Yanmar, CNH, Mahindra and AGCO are the key players, generated nearly ~% share in the market in terms of revenue.
Future Outlook
Germany Agriculture Market is projected to witness a CAGR of ~% between 2022P to 2027F. Farm Mechanization and improved infrastructure is a major contributor. It has become a key focus area for the Government’s growth strategy. Massive technological progress of Germany has also developed a very well-trained and skilled workforce to use its state-of-the-art agricultural machinery, which enables the utilization of top technology in crop fields. It is further estimated to rise during the forecast period by a CAGR of about ~%.
Scope Of The Report
Scope of the Report
|
By Tractor |
Less than 50 HP 50 to 79 HP, 80 to 99 HP, 100 to 120 HP Above 120 HP |
|
By Harvesting Machinery |
Combine Harvesters, Forage Harvesters, Other Harvesting Machinery |
|
By Type of Equipment |
Plows, Harrows, Rotavators & Cultivators, Seed & Fertilizer Drills, Fertilizer Spreaders, Land Levelers, Other Equipment |
|
By Sprayers |
Field Crop Sprayers, Orchard Sprayer |
Products
Products
Key Target Audience – Organizations and Entities Who Can Benefit by Subscribing This Report
- Key Target Audience
- Existing Agricultural Equipment Companies
- New Market Entrants- Domestic OEMs
- New Market Entrants- Foreign OEMs
- Agricultural Equipment Financing Companies
- Government Bodies
- Investors & Venture Capital Firm
- Agricultural Equipment Manufacturers
- Agricultural Equipment Distributors
- Agricultural Equipment Associations
Time Period Captured in the Report
- Historical Period: 2017-2022P
- Base Period: 2022P
- Forecast Period: 2022P-2027F
Companies
Major Players Mentioned in the Report
Agricultural Equipment Companies
- Agrale S.A,
- AGCO Corporation,
- CLAAS KGaA mbH,
- Deere & Company,
- CNH Industrial N.V.,
- Kubota Corporation,
- Mahindra & Mahindra Ltd.
- Yanmar Co
Table of Contents
Table of Contents
1. Executive Summary
2. Germany Agricultural Equipment Market Overview
2.1 Taxonomy of the Germany Agricultural Equipment Market
2.2 Industry Value Chain
2.3 Ecosystem
2.4 Government Regulations/Initiatives for the Germany Agricultural Equipment Market
2.5 Growth Drivers of the Germany Agricultural Equipment Market
2.6 Issues and Challenges of the Germany Agricultural Equipment Market
2.7 Impact of COVID-19 on the Germany Agricultural Equipment Market
2.8 SWOT Analysis
3. Germany Agricultural Equipment Market Size, 2017 – 2022
4. Germany Agricultural Equipment Market Segmentation
4.1 By Product Type, 2017 - 2022
4.2 By Application, 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 Agrale S.A,
5.3.2 AGCO Corporation,
5.3.3 CLAAS KGaA mbH,
5.3.4 Deere & Company,
5.3.5 CNH Industrial N.V.,
5.3.6 Kubota Corporation,
5.3.7 Mahindra & Mahindra Ltd.
6. Germany Agricultural Equipment Future Market Size, 2022 – 2027
7. Germany Agricultural Equipment Future Market Segmentation
7.1 By Product Type, 2022 - 2027
7.2 By Application, 2022 - 2027
7.3 By Regional Split (North/East/West/South/Central), 2022 - 2027
8. Analyst Recommendations
9. Research Methodology
10. Disclaimer
11. Contact Us
Research Methodology
Research Methodology
Step 1: Identifying Key Variables:
Our team will initially create an ecosystem for all the major entities in Germany Agriculture Equipment Market that are providing agricultural equipment in the Germany Market.
Step 2: Market Building:
In the next step, we will refer to multiple secondary and proprietary databases to perform deck research around the market and collate industry-level information such as type of market structure, consumption in terms of value, and fleet size other areas to create an initial level hypothesis. We will also explore company-level info by referring press releases, annual reports, financial statements, and other documents to understand basic information about the companies and market level.
Step 3: Validating and Finalizing:
Later our team will conduct a series of Interviews with multiple C-Level Executive and other stakeholders belonging to different companies to confirm the market hypothesis, validate statistics and seek operational and financial information from company representatives.
Step 4: Research output:
Furthermore, to validate this data our team will pitch each company as a potential customer through a mystery shopping exercise and will confirm the operational and financial performance of Germany Agriculture Equipment Market Entities which have been shared by company executives and available on secondary databases. We will be conducting another set of CATIs with the respective entities to understand customer behavior, channel preference, and other factors. We will also assess customer analysis in terms of their preferences and pain points.
Frequently Asked Questions
Frequently Asked Questions
01 What is the Study Period of this Market Report?
Germany Agriculture Equipment Market is covered from 2017–2027F in this report, including a forecast for 2022P-2027F.
02 What is the Future Growth Rate of Germany’s Agriculture Equipment Market?
Germany Agriculture Equipment Market is expected to witness a CAGR of ~% over the next five years.
03 What are the Key Factors Driving Germany Agriculture Equipment Market?
Farm Mechanization, improved infrastructure, and rising government support are the main factors.
04 Who are the Key Players in Germany Agriculture Equipment Market?
Yanmar, CNH, Mahindra, and AGCO are the key players in Germany Agriculture Equipment Market.
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