Spain Agricultural Machinery Market Size (2024 - 2029)

The Spain Agricultural Machinery Market is experiencing growth driven by increased mechanization needs due to shrinking land, water resources, and labor forces. This demand is particularly notable in developed European nations like Spain, where a significant portion of the land is dedicated to agriculture. The Spanish government's initiatives to boost agricultural exports and the Positive Agriculture project, which aims to enhance the agricultural supply chain and reduce greenhouse gas emissions, are also contributing to the market's expansion. These factors collectively influence the market's capacity and potential for future growth.

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Market Size of Spain Agricultural Machinery Industry

Spain Agricultural Machinery Market Summary
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

Spain Agricultural Machinery Market 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 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
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Spain Agricultural Machinery Market Size Summary

The agricultural machinery market in Spain is experiencing a phase of growth, driven by the increasing need for mechanization in agriculture due to factors such as limited labor, shrinking land, and water resources. Spain, with a significant portion of its land dedicated to agriculture, is witnessing a shift from traditional farming tools to advanced machinery, enhancing productivity and efficiency. The government's initiatives, such as the Positive Agriculture project, aim to improve the agricultural supply chain's living conditions and reduce greenhouse gas emissions, further supporting the adoption of energy-efficient machinery. The market is characterized by a competitive landscape with key players like Deere & Company, AGCO Corporation, and CNH Industrial NV, who are focusing on innovations, strategic partnerships, and expanding their product portfolios to meet the evolving needs of Spanish farmers.

The demand for specialized equipment, such as row-crop and utility tractors, is on the rise as modern farming techniques require more efficient solutions to manage large fields and increase yields. The limited availability of farm laborers is prompting farmers to adopt mechanized solutions, making tractors an essential tool for various agricultural tasks. The market's growth is also supported by government subsidies and awareness programs that encourage farmers to embrace mechanization. As the market continues to expand, regions like Northern Spain present opportunities for further mechanization, with medium-sized machinery suitable for hilly terrains. The Eastern province, with its productive irrigated lands, is a key area for agricultural output, highlighting the importance of mechanized implements in enhancing crop production.

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Spain 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 Porters Five Forces Analysis

      1. 1.4.1 Threat of New Entrants

      2. 1.4.2 Bargaining Power of Buyers/Consumers

      3. 1.4.3 Bargaining Power of Suppliers

      4. 1.4.4 Threat of Substitute Products

      5. 1.4.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION

    1. 2.1 Tractors

      1. 2.1.1 Horse Power

        1. 2.1.1.1 Less than 50 HP

        2. 2.1.1.2 50- 79 HP

        3. 2.1.1.3 80-120 HP

        4. 2.1.1.4 Greater than 120 HP

    2. 2.2 Ploughing and Cultivating Machinery

      1. 2.2.1 Ploughs

      2. 2.2.2 Harrows

      3. 2.2.3 Cultivators and Tillers

      4. 2.2.4 Other Ploughing and Cultivating Machinery

    3. 2.3 Planting Machinery

      1. 2.3.1 Seed Drills

      2. 2.3.2 Planters

      3. 2.3.3 Spreaders

      4. 2.3.4 Other Planting Machinery

    4. 2.4 Harvesting Machinery

      1. 2.4.1 Combine Harvesters- Threshers

      2. 2.4.2 Forage Harvesters

      3. 2.4.3 Other Machinery

    5. 2.5 Haying and Forage Machinery

      1. 2.5.1 Mower- Conditioners

      2. 2.5.2 Balers

      3. 2.5.3 Other Machinery

    6. 2.6 Irrigation Machinery

    7. 2.7 Spraying Equipment

    8. 2.8 Other Machinery

Spain Agricultural Machinery Market Size FAQs

The Spain Agricultural Machinery Market is projected to register a CAGR of 4.10% during the forecast period (2024-2029)

Deere & Company, CNH Industrial, LAMBORGHINI TRACTORS, AGCO Corporation and Kuhn Group are the major companies operating in the Spain Agricultural Machinery Market.

Spain Agricultural Machinery Market Report Snapshots

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