Spain Agricultural Machinery Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 4.10 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Spain Agricultural Machinery Market Analysis
The Spain Agricultural Machinery Market size is estimated at USD 711.65 million in 2023, and is expected to reach USD 870 million by 2028, growing at a CAGR of 4.10% during the forecast period (2023-2028).
- The market is driven by increasing rates of mechanization in developing countries. The shrinking land, water resources, and labor force have increased the need for farm mechanization in developed European nations like Spain.
- Spain has over 46.8 million food consumers and is the fourth-largest food market in Western Europe. Despite its high population density, it has more than 50% of its area under agricultural land, covering more than 2 million hectares. The country witnessed a massive increase in farm mechanization in terms of agricultural and industrial productivity, driven by a technological revival in the last decade.
- The Spanish government is looking to increase the quantity and revenues from agricultural products exported by 2025, but they are not necessarily focused on increasing the share of farming exports as a proportion of total exports. To achieve this goal, the government is likely to identify regions in Spain that currently produce export foods and have the potential to increase production through new institutional reforms. By implementing these reforms, the government hopes to increase the amount of agricultural products that can be exported from these regions and generate more revenue for the country.
- Additionally, in Spain, 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 (GHC) emissions by 40% by 2030 and zero emissions by 2040. The adoption of energy-efficient machinery will further enable greater usage of agricultural machinery to support crop yield in the country.
Spain Agricultural Machinery Market Trends
Increasing Farm Mechanization to improve Crop Productivity
- Agriculture mechanization reduces crop cultivation costs and increases productivity by efficiently using other inputs and natural resources. Agricultural mechanization has shifted from traditional tools to sophisticated machinery to meet the targets for capacity enhancement, timeliness of farm operations, and efficient utilization of inputs. It has also been observed that the percentage growth of tractors, pump sets, and threshers has been higher in marginal and smallholding categories of the farmers who are more aware of farm mechanization's importance in the country.
- In the current scenario, farmers are achieving higher yields by adopting technologies such as drip irrigation systems and fertigation, driving the demand in the Spanish market for agricultural machinery and technology. The Government of Spain recognizes the impact of farm technologies and machinery on the country's agricultural sector, where 6% of Spain's workers are employed in agriculture, contributing to about 3% of the country's GDP. Owing to these benefits, the government is providing subsidies to farmers, making them aware of the benefits of agricultural mechanization.
- The market is currently in the growth stage, and manufacturers seek capacity augmentation in the country. Northern Spain still has little farm mechanization, and vendors can explore the province with a portfolio of medium-sized machinery suitable for hilly terrains. In the Eastern province, dry farming land is used to grow crops like wheat, barley, olives, and grapes. However, the irrigated land is much more productive and produces most of the Eastern province's agricultural output. The main crops grown in the irrigated zones are fruit, fodder, and corn (maize).
- The combined penetration of mechanized implements and tractors in the Eastern zone is close to 32%, with manual and animal-driven tools comprising 38% and 30%, respectively, during 2021. Wheat and barley are significant crops, constituting 28% and 16% of the total crop production in Eastern Spain in 2021.
Tractors Dominates the Agricultural Machinery Market
- The increasing mechanization of agriculture has led to a growing demand for row-crop tractors in recent years. This is primarily because modern farming techniques require more efficient and specialized equipment to maintain large fields and increase yields. As the availability of farm laborers becomes increasingly limited, many farmers are turning to mechanized solutions to fill the labor gap. Row-crop tractors are an ideal tool for this purpose, as they are designed to efficiently plant, cultivate, and harvest crops in large fields. They are also highly versatile, allowing farmers to use them for various tasks, such as tilling, spraying, and hauling.
- Utility tractors indeed have a lot of uses and can be very versatile machines. They are especially useful for small and medium-sized farms as they are compact, easy to operate, and can perform various tasks. The ability to attach different types of equipment to the tractor makes it a very useful tool for farmers and agricultural workers. Additionally, the low cost of utility tractors makes them attractive for those on a budget or just starting in the agricultural industry. Overall, utility tractors are a valuable asset to any farm or agricultural operation, and their flexibility and versatility make them a popular choice among farmers and agricultural workers.
- According to the European Agricultural Machinery Association (CEMA), tractor registrations in Spain increased by 10.0% in 2021 from the previous year, but the 10,905 units registered were 1.2% below the previous 5-year on average units. By type of tractor, 94 were crawlers, 5,278 were standard, and 5533 were narrow tracks.
Spain Agricultural Machinery Industry Overview
The Spain agricultural machinery market is competitive, with numerous players cornering most of the market share. The key players in the market include Deere and Company, AGCO Corporation, CNH Industrial NV, Kuhn Group, and Lamborghini Tractors. New product launches, partnerships, and acquisitions are the major strategies adopted by the leading companies in the market in the country. Along with innovations and expansions, developing novel product portfolios will likely be the crucial strategy in the coming years. Companies also focus on strategic partnerships by partnering with domestic companies to expand their distribution network and launch new innovative tractors that cater to the needs of the farmers in this region.
Spain Agricultural Machinery Market Leaders
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Deere & Company
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CNH Industrial
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LAMBORGHINI TRACTORS
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AGCO Corporation
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Kuhn Group
*Disclaimer: Major Players sorted in no particular order
Spain Agricultural Machinery Market News
- March 2022: John Deere launched the new electric variable transmission (EVT) for select 8 Series tractors and a new JD14X engine for 9 Series in Spain.
- March 2021: CNH Industrial collaborated with Monarch Tractors, an agri-technology company, to improve long-term sustainability and raise awareness among farmers of the importance of zero-emission agriculture in the country.
Spain Agricultural Machinery Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions and Market Definition
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
- 4.1 Market Overview
- 4.2 Market Drivers
- 4.3 Market Restraints
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4.4 Porters Five Forces Analysis
- 4.4.1 Threat of New Entrants
- 4.4.2 Bargaining Power of Buyers/Consumers
- 4.4.3 Bargaining Power of Suppliers
- 4.4.4 Threat of Substitute Products
- 4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
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5.1 Tractors
- 5.1.1 Horse Power
- 5.1.1.1 Less than 50 HP
- 5.1.1.2 50- 79 HP
- 5.1.1.3 80-120 HP
- 5.1.1.4 Greater than 120 HP
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5.2 Ploughing and Cultivating Machinery
- 5.2.1 Ploughs
- 5.2.2 Harrows
- 5.2.3 Cultivators and Tillers
- 5.2.4 Other Ploughing and Cultivating Machinery
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5.3 Planting Machinery
- 5.3.1 Seed Drills
- 5.3.2 Planters
- 5.3.3 Spreaders
- 5.3.4 Other Planting Machinery
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5.4 Harvesting Machinery
- 5.4.1 Combine Harvesters- Threshers
- 5.4.2 Forage Harvesters
- 5.4.3 Other Machinery
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5.5 Haying and Forage Machinery
- 5.5.1 Mower- Conditioners
- 5.5.2 Balers
- 5.5.3 Other Machinery
- 5.6 Irrigation Machinery
- 5.7 Spraying Equipment
- 5.8 Other Machinery
6. COMPETITIVE LANDSCAPE
- 6.1 Most Adopted Strategies
- 6.2 Market Share Analysis
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6.3 Company Profiles
- 6.3.1 Deere and Company
- 6.3.2 AGCO Corp.
- 6.3.3 CNH Industrial NV
- 6.3.4 Iseki & Co. Ltd
- 6.3.5 Kuhn Group
- 6.3.6 Landini
- 6.3.7 Fendt
- 6.3.8 Lamborghini
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
** Subject To AvailablitySpain Agricultural Machinery Industry Segmentation
Agricultural machinery relates to the mechanical structures and devices used in farming or other agriculture. Many types of equipment exist, from hand and power tools to tractors and countless farm implements.
The Spain agricultural machinery market is segmented by tractors (less than 50 HP, 50- 79 HP, 80-120 HP, and greater than 120 HP), ploughing and cultivating machinery (ploughs, harrows, cultivators and tillers, and other ploughing and cultivating machinery), planting machinery (seed drills, planters, spreaders, and other planting machinery), harvesting machinery (combine harvesters- threshers, forage harvesters, and other machinery), haying and forage machinery (mower- conditioners, balers, and other machinery), irrigation machinery, spraying equipment, and other machinery.
The market sizing has been done in value terms in USD for all the abovementioned segments.
| Tractors | Horse Power | Less than 50 HP |
| 50- 79 HP | ||
| 80-120 HP | ||
| Greater than 120 HP | ||
| Ploughing and Cultivating Machinery | Ploughs | |
| Harrows | ||
| Cultivators and Tillers | ||
| Other Ploughing and Cultivating Machinery | ||
| Planting Machinery | Seed Drills | |
| Planters | ||
| Spreaders | ||
| Other Planting Machinery | ||
| Harvesting Machinery | Combine Harvesters- Threshers | |
| Forage Harvesters | ||
| Other Machinery | ||
| Haying and Forage Machinery | Mower- Conditioners | |
| Balers | ||
| Other Machinery |
Spain Agricultural Machinery Market Research FAQs
What is the current Spain Agricultural Machinery Market size?
The Spain Agricultural Machinery Market is projected to register a CAGR of 4.10% during the forecast period (2024-2029)
Who are the key players in Spain Agricultural Machinery Market?
Deere & Company, CNH Industrial, LAMBORGHINI TRACTORS, AGCO Corporation and Kuhn Group are the major companies operating in the Spain Agricultural Machinery Market.
What years does this Spain Agricultural Machinery Market cover?
The report covers the Spain Agricultural Machinery Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Spain Agricultural Machinery Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Spain Agricultural Machinery Industry Report
Statistics for the 2024 Spain Agricultural Machinery market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Spain Agricultural Machinery analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
