Market Size of Germany Agricultural Machinery Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 3.80 % |
| Market Concentration | High |
Major Players.webp "Germany Agricultural Machinery Market Major Players"){kind=logo}
*Disclaimer: Major Players sorted in no particular order |
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German Agricultural Machinery Market Analysis
The German agricultural machinery market is projected to register a CAGR of 3.8% during the forecast period.
Germany is one of Europe's largest markets for agricultural machinery and implements, supported by the large turnover for this industry in the country. The country is one of the world's largest exporters of agricultural machinery and the largest manufacturer and second-largest consumer of agri-machinery in Europe. German agricultural machinery is preferred worldwide because of its superior precision and innovative engineering. Germany is one of Europe's top destinations for FDIs in agricultural, construction, and mining machinery. These factors adequately drive the market in the country. Hence, farmers are increasingly adopting agricultural mechanization as a substitute for manual labor with a more cost-effective, easily available, and more efficient means of agricultural operation. Tractors, the primary power source for driving agricultural machinery, have thus seen a phenomenal rise in sales in the country.
German Agricultural Machinery Industry Segmentation
Agricultural machinery is defined as machinery used in farming and other agricultural activities.
The Germany agricultural machinery market has been segmented by type (tractors, plowing and cultivating machinery, planting machinery, harvesting machinery, haying and forage machinery, sprayers, irrigation machinery, and others).
The market sizing has been done in value terms in USD for all the abovementioned segments.
| Tractors | |
| Less than 40 HP | |
| 40 to 100 HP | |
| 101 to 150 HP | |
| Above 150 HP |
| Equipment | |
| Plows | |
| Harrows | |
| Rotovators & Cultivators | |
| Seed & Fertilizer Drills | |
| Fertilizer Spreaders | |
| Land Levelers | |
| Other Equipment |
| Sprayers | |
| Field Crop Sprayers | |
| Orchard Sprayers |
| Harvesting Machinery | |
| Combine Harvesters | |
| Forage Harvesters | |
| Other Harvesting Machinery |
| Haying & Forage Machinery | |
| Mowers & Conditioners | |
| Balers | |
| Tedders & Rakes | |
| Other Haying and Forage Machinery |
Germany Agricultural Machinery Market Size Summary
The German agricultural machinery market is a significant player in Europe, characterized by its robust manufacturing and export capabilities. As one of the largest consumers and producers of agricultural machinery in Europe, Germany benefits from its advanced engineering and technological expertise, which enhances the precision and efficiency of its agricultural practices. The country's agricultural sector is increasingly adopting mechanization to replace manual labor, driven by factors such as labor shortages due to urbanization and the availability of EU subsidies for modern machinery. This shift has led to a notable increase in tractor sales, which serve as the primary power source for agricultural operations. The market is dominated by major players like AGCO Corporation, Deere & Company, and CNH Industrial, who leverage new product launches and strategic partnerships to maintain their market positions.
The demand for high-horsepower tractors is particularly strong, reflecting the need for more powerful machinery in the fields. Germany's agricultural machinery market is highly consolidated, with a few key players holding significant market shares, largely due to their reputation for quality and reliable after-sales services. The export market remains robust, with a steady export ratio, underscoring Germany's leadership in the European agricultural machinery sector. Innovations and new product introductions continue to drive market growth, as evidenced by recent launches from companies like Case IH and John Deere. These developments highlight the ongoing evolution and competitiveness of the German agricultural machinery market.
Germany Agricultural Machinery Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.3 Market Restraints
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1.4 Porter's Five Forces Analysis
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1.4.1 Bargaining Power of Suppliers
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1.4.2 Bargaining Power of Buyers
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1.4.3 Threat of New Entrants
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1.4.4 Threat of Substitute Products
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1.4.5 Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 Tractors
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2.1.1 Less than 40 HP
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2.1.2 40 to 100 HP
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2.1.3 101 to 150 HP
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2.1.4 Above 150 HP
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2.2 Equipment
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2.2.1 Plows
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2.2.2 Harrows
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2.2.3 Rotovators & Cultivators
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2.2.4 Seed & Fertilizer Drills
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2.2.5 Fertilizer Spreaders
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2.2.6 Land Levelers
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2.2.7 Other Equipment
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2.3 Sprayers
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2.3.1 Field Crop Sprayers
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2.3.2 Orchard Sprayers
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2.4 Harvesting Machinery
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2.4.1 Combine Harvesters
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2.4.2 Forage Harvesters
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2.4.3 Other Harvesting Machinery
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2.5 Haying & Forage Machinery
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2.5.1 Mowers & Conditioners
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2.5.2 Balers
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2.5.3 Tedders & Rakes
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2.5.4 Other Haying and Forage Machinery
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Germany Agricultural Machinery Market Size FAQs
What is the current Germany Agricultural Machinery Market size?
The Germany Agricultural Machinery Market is projected to register a CAGR of 3.80% during the forecast period (2024-2029)
Who are the key players in Germany Agricultural Machinery Market?
Deere & Company, AGCO Corporation, CNH Industrial N.V., KUBOTA Corporation and Mahindra and Mahindra are the major companies operating in the Germany Agricultural Machinery Market.
