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The study considers a detailed scenario of the present market and its market dynamics for 2022−2028. It covers a detailed overview of several market growth enablers, restraints, and trends. The report offers both the demand and supply aspects of the market. It profiles and examines leading companies and other prominent ones operating in the market.
The German agriculture tractor market is expected to grow at a CAGR of 5.10% during 2022-2028
KEY HIGHLIGHTS
- Germany Agriculture Tractor Market is expected to grow significantly at a CAGR of 5.10% (by Volume) during the forecast period 2021-2028. 2-Wheel-Drive segment accounted more than 85% from the overall tractor market. 50-100 HP segment accounted for the largest market share is expected to grow at a CAGR of 5.04% (by Volume) during the forecast period.
- Germany is the Europe's largest tractors market. The two biggest agricultural tractor markets in Europe - Germany and France, accounting for almost four agricultural tractors out of 10 registered in Europe. Agriculture tractors accounted for 93% of the overall German tractors market in 2021.
- With approximately 80% share, tractors are the largest segment of agriculture equipment in Germany in terms of revenue. In addition, in terms of unit sales, Germany is the largest exporter of tractors across Europe. The number of tractors manufactured in Germany accounts for over two-thirds of the total number of tractors manufactured in Europe.
- The German economy achieved excellent growth in 2021, and the growth rate is expected to sustain in 2023, supported by the rising employment rate and a monetary policy stance that will continue to support domestic demand. Consequently, 2022 is expected to witness a healthy increment of 4.5% in real GDP growth.
- The Government of Germany's schemes and initiatives to facilitate credit and improve agriculture-related operations are the major drivers that are contributing to the growth of the overall value chain in the German agricultural sector.
- Germany spent $1.4 billion of its official development assistance (ODA) on agriculture in 2021, making it the prime Organization for Economic Cooperation and Development (OECD) and Development Assistance Committee (DAC) donor to agriculture in real terms.
- Agriculture was one of the strategic priorities of the former Development Minister of Germany, Gerd Muller, launched 'ONE WORLD - No Hunger', a special initiative on food and nutrition security as well as rural development in 2014, which will most likely be carried forward in this legislative period (2021-2025) under the new Development Minister Svenja Schulze.
MARKET OPPORTUNITIES AND TRENDS
- Technological Advancements in Tractors
- Growing Farm Mechanization to Reduce Workforce
MARKET GROWTH ENABLERS
- Financial Support to Farmers Through Loans & Subsidies
- Increasing Farmland Size
GERMANY TRACTOR MARKET SEGMENTATION
Tractors are the most profitable segment of agricultural equipment in Germany, accounting for nearly 80% of total revenue. In addition, Germany is the leading tractor exporter in Europe in terms of unit sales. Tractors manufactured in Germany account for more than two-thirds of all tractors produced in Europe.
Segmentation by Horsepower
- Less Than 50 HP
- 50-100 HP
- 101-150 HP
- Above 150 HP
Segmentation by Drive Type
- 2-Wheel-Drive
- 4-Wheel-Drive
Segmentation by Zone
- Zone I
- Zone II
- Zone III
- Zone IV
VENDOR LANDSCAPE
The key players in the Germany agriculture tractor market are John Deere, CNH Industrial, AGCO, TAFE, and Kubota. In terms of units sold, John Deere and Fendt are the market leaders which accounted for more than 40% of overall German agriculture tractors market in 2021, and in terms of exports, Fendt emerges as the largest exporter of tractors manufactured in Germany, it is the largest manufacturer and seller in Germany.
Key Vendors
- John Deere
- CNH
- AGCO
- Kubota
- TAFE
Other Prominent Vendors
- SDF
- Action Construction Equipment (ACE)
- Iseki
- Deutz-Fahr
- Mahindra & Mahindra
- Yanmar
- Escorts
THE REPORT INCLUDES:
1. The analysis of the Germany Tractor market provides market size and growth rate for the forecast period 2022-2028.
2. It offers comprehensive insights into current industry trends, trend forecast, and growth drivers about the Germany Tractor market.
3. The report provides the latest analysis of market share, growth drivers, challenges, and investment opportunities.
4. It offers a complete overview of market segments and the regional outlook of the Germany Tractor market.
5. The report offers a detailed overview of the vendor landscape, competitive analysis, and critical market strategies to gain competitive advantage.
Table of Contents
1 Research Methodology2 Research Objectives3 Research Process6 Market at a Glance
4 Scope & Coverage
5 Report Assumptions & Caveats
7 Introduction
8 Market Landscape
9 Horsepower
10 Drive Type
11 Zones
12 Market Opportunities & Trends
13 Market Growth Enablers
14 Market Restraints
15 Five Forces Analysis
16 Competitive Landscape
17 Key Company Profiles
18 Other Prominent Vendors
19 Report Summary
20 Quantitative Summary
21 Appendix
Companies Mentioned
- John Deere
- CNH
- AGCO
- Kubota
- TAFE
- SDF
- Action Construction Equipment (ACE)
- Iseki
- Deutz-Fahr
- Mahindra & Mahindra
- Yanmar
- Escorts
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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