Market Size of Germany Agricultural Tractor Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 4.90 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Germany Agricultural Tractor Market Analysis
Germany's agricultural tractor machinery market is projected to register a CAGR of 4.9% during the forecast period.
- The two-wheel-drive segment accounted for more than 85% of the overall tractor market. The 50-100 HP segment accounted for the largest market share and is expected to grow at a CAGR of 5.04% (by volume) during the forecast period.
- According to the European Agricultural Machinery Association (EAMA), there was an increase of 5% in the pre-registrations of tractors in 2019 compared to the previous year. The sales of the tractors reflected a positive trend. Also, according to The Mechanical Engineering Industry Association (VDMA), in 2019, farmers and other custom operators bought around 570 more agricultural tractors resulting in a 2.6% increase in sales compared to 2018. The sub-50 horsepower compact sector contributed more to the tractor market growth in 2019, selling 730 units. This results in the growth of the market.
- The biggest tractor markets in the European Union are Germany and France. The country generates more than 27% of the agricultural machinery and equipment components manufactured in Europe. Thus, Germany has become one of the leaders in producing agricultural machinery in Europe, which signifies its dominance in the agricultural tractors market. With the availability of advanced technology, coupled with the declining availability of farm labor, the farmers are shifting toward using tractors in agriculture, as they save time and resources, decrease costs, and enhance productivity.
- Market players are also launching web-based applications to connect better with consumers and increase their market penetration. Deutz-Fahr launched the mySAME and myDEUTZ-FAHR apps in Germany in 2019 to provide information on the new products and interact directly with the manufacturers. Owing to the dominance of the country in agricultural technology and the growing sales of tractors, the market is anticipated to grow during the forecast period.
Germany Agricultural Tractor Industry Segmentation
An agricultural tractor is a vehicle specifically designed to deliver a high tractive effort at slow speeds for the purposes of hauling a trailer or machinery.
Germany agricultural tractor market is segmented by horsepower (below 50 HP, 51-100 HP, 101-150 HP & Above 150 HP).
The report offers market estimation and forecasts in value (USD million) for the above-mentioned segments.
| Horse Power | |
| Less than 50 HP | |
| 51-100 HP | |
| 101-150 HP | |
| Above 150 HP |
Germany Agricultural Tractor Market Size Summary
The agricultural tractor market in Germany is a significant segment of the country's agricultural machinery industry, reflecting its status as Europe's largest tractor market. Germany's dominance in this sector is underscored by its substantial contribution to the production of agricultural machinery and equipment in Europe. The market is characterized by a strong preference for two-wheel-drive tractors, particularly in the 50-100 HP segment, which holds a substantial share of the market. The shift towards mechanization, driven by the need to enhance productivity and reduce reliance on manual labor, has led to increased adoption of tractors among farmers. This trend is further supported by technological advancements and the introduction of autonomous tractors, which are gaining traction for their efficiency and cost-effectiveness.
The German agricultural tractor market is also marked by a robust export activity, with a significant portion of production being exported across Europe. The market is consolidated, with major players like Deere & Company, CNH Industrial, Agco Corporation, Kubota GmbH, and Claas KGaA mbH holding substantial market shares. These companies are actively engaging in strategies such as product launches, expansions, and investments in research and development to maintain and enhance their market positions. Government initiatives and financial support have also played a crucial role in fostering growth within the sector, with substantial investments directed towards agricultural development and mechanization. As a result, the market is poised for continued growth, driven by both domestic demand and export opportunities.
Germany Agricultural Tractor 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 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 Horse Power
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2.1.1 Less than 50 HP
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2.1.2 51-100 HP
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2.1.3 101-150 HP
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2.1.4 Above 150 HP
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Germany Agricultural Tractor Market Size FAQs
What is the current Germany Agricultural Tractor Market size?
The Germany Agricultural Tractor Market is projected to register a CAGR of 4.90% during the forecast period (2024-2029)
Who are the key players in Germany Agricultural Tractor Market?
Deere & Company, AGCO Corporation (Fendt), CLAAS KGaA mbH, CNH Industrial and KUBOTA (Germany) GmbH are the major companies operating in the Germany Agricultural Tractor Market.
