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
Region:Europe
Product Code:KROD77
December 2022
70
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.
Market Overview:
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.
Competitive Landscape
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.
Future Outlook
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
|
By Product |
Tractors (2 Wheel and 4 Wheel) Combine Harvesters Agriculture Implements Rice Transplanters |
|
By Tractors |
8HP – 15HP 20HP – 35HP 36HP – 47HP 48HP – 75HP 75HP – 100HP 100HP – 120HP Above 120HP |
|
By Combine Harvesters |
70HP and Below 75HP – 105HP Above 105 HP |
|
By Rice Transplanters |
4 Row RT 6 Row RT 8 Row RT |
Products
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
Companies
Major Players Mentioned in the Report
MTZ (Minsk Tractor Factory)
New Holland
ASI
Oliver Farm Equipment Company
John Deere
Kuhn
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
2.3 Ecosystem
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
5.3.3 ASI
5.3.4 Oliver Farm Equipment Company
5.3.5 John Deere
5.3.6 Kuhn
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
10. Disclaimer
11. Contact Us
Research Methodology
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
01 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.
02 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.
03 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.
04 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.
05 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.
Why Buy From Us?
What makes us stand out is that our consultants follows Robust, Refine and Result (RRR) methodology. i.e. Robust for clear definitions, approaches and sanity checking, Refine for differentiating respondents facts and opinions and Result for presenting data with story
We have set a benchmark in the industry by offering our clients with syndicated and customized market research reports featuring coverage of entire market as well as meticulous research and analyst insights.
While we don't replace traditional research, we flip the method upside down. Our dual approach of Top Bottom & Bottom Top ensures quality deliverable by not just verifying company fundamentals but also looking at the sector and macroeconomic factors.
With one step in the future, our research team constantly tries to show you the bigger picture. We help with some of the tough questions you may encounter along the way: How is the industry positioned? Best marketing channel? KPI's of competitors? By aligning every element, we help maximize success.
Our report gives you instant access to the answers and sources that other companies might choose to hide. We elaborate each steps of research methodology we have used and showcase you the sample size to earn your trust.
If you need any support, we are here! We pride ourselves on universe strength, data quality, and quick, friendly, and professional service.