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The Germany agricultural equipment market is expected to grow at a CAGR of 3.54% from 2022-2028.
KEY HIGHLIGHTS
- Germany has over 83.3 million food consumers and is the largest food market in Europe. The country witnessed a massive increase in farm mechanization in terms of agricultural and industrial productivity.
- The penetration and adoption of farm mechanization practices across Germany drive the sale of new farm equipment. Agricultural implements are the major product categories of the organized agriculture market in Germany.
- The Germany agricultural equipment market grew by 3.1% in 2022 from 2021. The increase in crop production and agricultural equipment sales was due to the favorable climate in 2022.
- German government plans schemes and initiatives to facilitate credit and improve agriculture-related operations, which will contribute to the growth of the overall value chain of the industry.
MARKET TRENDS & OPPORTUNITIES
Use of Energy-efficient Agricultural Equipment
The positive agriculture project aims to improve the living conditions of those in the agricultural supply chain and provide essential equipment sustainably. This aim joins an already announced objective to reduce total greenhouse gas (GHG) emissions by 40% by 2030 and zero by 2040. The adoption of energy-efficient agricultural equipment will enable the fulfillment of these objectives.
High Local Production Capacities in Germany
Germany has a large domestic agricultural equipment manufacturing base. There are more than 20 manufacturing plants that supply equipment for both domestic and international markets. Further, the availability of a cost-competitive and skilled labor force, competitive power and fuel rates, and a favorable tax regulatory system for the industry have all contributed to a favorable economic backdrop for production investments.
INSIGHTS BY EQUIPMENT TYPE
The tractor equipment type has the highest demand in the Germany agricultural equipment market, holding a share of more than 47%. The demand for high-power tractors is largely driven by medium and large-scale farmers and government institutions that focus on rental services, as many farmers in the country have more than ten hectares of land. Furthermore, Germany, a leader in the automotive and engineering industries, will likely be at the forefront of such technological advancements. Several companies and startups are working on developing electric and sustainable agricultural machinery, including electric tractors, to cater to the increasing demand for eco-friendly solutions in agriculture.
Segmentation By Equipment Type
- Tractors
- Planting Equipment
- Tillage Equipment
- Harvesting Equipment
- Mowing Equipment
- Sprayer
- Others
INSIGHTS BY APPLICATION TYPE
Post Harvesting application type has accounted for the largest Germany agricultural equipment market share, accounting for more than 37% in 2022. Farmers use post-harvest machinery and equipment to transform themselves into more producer-cum-processor with the help of post-harvest technologies appropriate for cost, time, and labor savings toward enhancement of quality and marketability to their production by value addition and reducing post-harvest costs.
Segmentation By Application Type
- Land Development and Seed Bed Preparation
- Sowing and Planting
- Plant Protection
- Harvesting and Threshing
- Post Harvesting
COMPETITIVE LANDSCAPE
John Deere, CNH Industrial, and AGCO dominated the German agricultural equipment market with an industry share of over 40% in 2022. These brands have adopted several strategies to gain traction in the industry. The industry has many established players that provide their products in open fields, vineyards, and others. The industry competition is expected to intensify further during the forecast period with increased product/service expansions, technological innovations, and mergers & acquisitions. The analyst believes global players will grow by partnering on a technology-sharing basis with regional or local players in the future.
Recent Developments in the Germany Agricultural Equipment Market
- In March 2023, John Deere announced MY24 updates for its 7, 8, and 9 Series Tractors lineup that will help prepare them for the future of precision agriculture.
- AGCO launched the latest Fendt 700 Vario series tractors in August 2022, featuring an upgraded powertrain with VarioDrive transmission and Fendt iD low engine speed concept. This new generation aims to enhance efficiency and productivity for customers.
Key Company Profiles
- John Deere
- CNH Industrial
- AGCO
- Kubota
Other Prominent Vendors
- SDF
- CLAAS
- Grimme
- Fliegl Agro-Center GmbH
- KUHN Group
- LEMKEN GmbH & Co. KG
- APV GmbH
- NEXAT GmbH
- KIOTI
- Sonalika
- Yanmar
This report is among the few in the market that offer outlook and opportunity analyses forecast in terms of:
- Market Size & Forecast Volume (Units) 2020-2028
- Segmentation by Equipment Type
- Segmentation by Application Type
- Major current and upcoming projects and investments
- Competitive intelligence about the economic scenario, advantages in Germany, industry dynamics, and industry shares
- Value chain analysis
- SWOT analysis
- Latest and innovative technologies
- Import and export analysis
- COVID-19 impact analysis of the market
- Company profiles of major and other prominent vendors
- Market shares of major vendors
KEY QUESTIONS ANSWERED:
- How big is the Germany agricultural equipment market?
- What is the growth rate of the Germany agricultural equipment market?
- What are the expected units sold in the German agricultural equipment market by 2028?
- Which application type holds the largest Germany agricultural equipment market share?
- What are some significant trends in the Germany agricultural equipment market?
- Who are the key players in the German agricultural equipment market?
Table of Contents
1 Research Methodology2 Research Objectives3 Research Process
Companies Mentioned
- John Deere
- CNH Industrial
- AGCO
- Kubota
- SDF
- CLAAS
- Grimme
- Fliegl Agro-Center GmbH
- KUHN Group
- LEMKEN GmbH & Co. KG
- APV GmbH
- NEXAT GmbH
- KIOTI
- Sonalika
- Yanmar
Methodology
Our research comprises a mix of primary and secondary research. The secondary research sources that are typically referred to include, but are not limited to, company websites, annual reports, financial reports, company pipeline charts, broker reports, investor presentations and SEC filings, journals and conferences, internal proprietary databases, news articles, press releases, and webcasts specific to the companies operating in any given market.
Primary research involves email interactions with the industry participants across major geographies. The participants who typically take part in such a process include, but are not limited to, CEOs, VPs, business development managers, market intelligence managers, and national sales managers. We primarily rely on internal research work and internal databases that we have populated over the years. We cross-verify our secondary research findings with the primary respondents participating in the study.
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 183 |
| Published | September 2023 |
| Forecast Period | 2022 - 2028 |
| Estimated Market Value in 2022 | 61613 Units |
| Forecasted Market Value by 2028 | 75912 Units |
| Compound Annual Growth Rate | 3.5% |
| Regions Covered | Germany |
| No. of Companies Mentioned | 15 |
