Italy Agricultural Machinery Market Size (2024 - 2029)

The agricultural machinery market in Italy is experiencing growth, driven by the increasing need for farm mechanization and technological advancements. Despite being predominantly export-oriented, with major exports to the United States and the European Union, the domestic market size remains limited. Factors such as a reduction in the number of active farms and a significant decline in agricultural income are restraining the market's expansion.

Home Market Analysis Agriculture Research Agricultural Machinery and Technology Research Agriculture Equipment Research Italy Agriculture Machinery Market Market Size

Market Size of Italy Agricultural Machinery Industry

Single User License

$4750

Team License

$5250

Corporate License

$8750

Book before:
Captured
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR 5.20 %
Market Concentration High

Major Players

Italy Agricultural Machinery Market Major Players

*Disclaimer: Major Players sorted in no particular order

Need a report that reflects how COVID-19 has impacted this market and its growth?

Single User License

$4750

Team License

$5250

Corporate License

$8750

Book before:

Italy Agricultural Machinery Market Analysis

Italy Agricultural Machinery Market is Projected to grow at a CAGR of 5.2% during the forecast period (2020-2025). Italy's agricultural machinery sector is predominately an export-based market where it caters majorly to United States and European Union as the domestic market usage of agricultural machinery is very limited as compared to exports. The increase in need for farm mechanziationa and rise in technological advancements are some of the factors driving the market growth. However, the reduction in number of active farms and siginificant decline in agriculture income are some of the factors restraining the market growth.

Italy Agricultural Machinery Industry Segmentation

For the purpose of this report, the machinery used in agricultural operations has been considered. The report does not cover machinery used for industrial and construction purposes, or multi-purpose tractors, machinery and equipment, used for both agricultural and non-agricultural operations.

Type
Tractors
Less than 40 HP
40 HP to 99 HP
Greater than 100 HP
Equipments
Ploughs
Harrows
Rotovators and Cultivators
Seed and Fertilizer Drills
Other Equipments
Irrigation Machinery
Sprinkler Irrigation
Drip Irrigation
Other
Harvesting Machinery
Combine Harvesters
Forage Harvesters
Other Harvesting Machinery
Haying and Forage Machinery
Mowers and Conditioners
Balers
Other Haying and Forage Machinery
Need A Different Region Or Segment?
Customize Now

Italy Agricultural Machinery Market Size Summary

The agricultural machinery market in Italy is characterized by its export-oriented nature, primarily serving markets in the United States and the European Union, with limited domestic consumption. The sector is experiencing growth driven by the increasing need for farm mechanization and advancements in technology. This growth is partly fueled by a shortage of farm labor, which has led to rising wage rates and a subsequent shift towards mechanized farming solutions. Despite these positive trends, the market faces challenges such as a decline in the number of active farms and a significant drop in agricultural income, which could potentially hinder its expansion.

In response to the evolving demands of farmers, both international and domestic manufacturers are introducing technologically advanced tractors with customized features to enhance farming efficiency. Companies like Kubota have launched new product lines, such as the M7-1 tractor series, to cater to the specific needs of Italian farmers. The competitive landscape is dominated by major players like Deere and Company, AGCO Corporation, CNH Industrial N.V., Iseki & Co., Ltd., and Kubota Corporation, all of whom are heavily investing in research and development to innovate and meet the region's agricultural machinery demands.

Explore More

Italy Agricultural Machinery Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Overview

    2. 1.2 Market Drivers

    3. 1.3 Market Restraints

    4. 1.4 Porter's Five Force Analysis

      1. 1.4.1 Bargaining Power of Suppliers

      2. 1.4.2 Bargaining Power of Buyers

      3. 1.4.3 Threat of New Entrants

      4. 1.4.4 Threat of Substitute Products

      5. 1.4.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION

    1. 2.1 Type

      1. 2.1.1 Tractors

        1. 2.1.1.1 Less than 40 HP

        2. 2.1.1.2 40 HP to 99 HP

        3. 2.1.1.3 Greater than 100 HP

      2. 2.1.2 Equipments

        1. 2.1.2.1 Ploughs

        2. 2.1.2.2 Harrows

        3. 2.1.2.3 Rotovators and Cultivators

        4. 2.1.2.4 Seed and Fertilizer Drills

        5. 2.1.2.5 Other Equipments

      3. 2.1.3 Irrigation Machinery

        1. 2.1.3.1 Sprinkler Irrigation

        2. 2.1.3.2 Drip Irrigation

        3. 2.1.3.3 Other

      4. 2.1.4 Harvesting Machinery

        1. 2.1.4.1 Combine Harvesters

        2. 2.1.4.2 Forage Harvesters

        3. 2.1.4.3 Other Harvesting Machinery

      5. 2.1.5 Haying and Forage Machinery

        1. 2.1.5.1 Mowers and Conditioners

        2. 2.1.5.2 Balers

        3. 2.1.5.3 Other Haying and Forage Machinery

Italy Agricultural Machinery Market Size FAQs

The Italy Agricultural Machinery Market is projected to register a CAGR of 5.20% during the forecast period (2024-2029)

Escorts Limited, Deere & Company, Kubota Corporation and Kuhn Group are the major companies operating in the Italy Agricultural Machinery Market.

Italy Agricultural Machinery Market Report Snapshots

Agricultural Machinery Market in Italy Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)