Europe Agriculture Machinery Market Growth Drivers, Trends, Size, Share, Challenges, Key Manufacturers and Future Investment Strategies Till 2033


Europe Agriculture Machinery Market Growth Drivers, Trends, Size, Share, Challenges, Key Manufacturers and Future Investment Strategies Till 2033: SPER Market Research

 Category : Agriculture

 Published: Jun-2023
 Author: SPER Analyst

Europe Agriculture Equipment Market is projected to be worth USD 108.58 billion by 2033 and is anticipated to surge at a CAGR of 6.29%.

Agriculture equipment refers to machinery, tools, and vehicles specifically designed and utilized in agricultural activities. These equipment are essential for various farming tasks such as planting, harvesting, irrigation, fertilization & crop protection. Examples of agriculture equipment include tractors, combine harvesters, tillers, sprayers, seeders, milking machines, and poultry feeders. These equipment help farmers improve efficiency, increase productivity, reduce labour requirements, and enhance overall agricultural operations. The agriculture equipment industry plays a crucial role in supporting sustainable food production and meeting the growing demand for agricultural products.

Europe Agriculture Equipment Market Driving Factors and Challenges
The Europe agriculture equipment industry is driven by the trend of growing farm size and consolidation, requiring larger and more efficient machinery. Rising labour costs and shortages have led to increased investment in automated equipment to reduce labour requirements. There is a growing focus on livestock farming, driving the demand for specialized equipment to support efficient operations. Favourable financing options make it easier for farmers to invest in new equipment. Additionally, European manufacturers benefit from export opportunities, expanding their presence in global markets and driving industry growth.

The Europe agriculture equipment market faces challenges such as managing production and inventory during seasonal demand fluctuations, complying with stricter environmental regulations and sustainability requirements, competition from the used equipment market, trade volatility, limited access to credit and financing, and integrating new equipment into existing farming systems. Manufacturers need to adapt to environmental regulations and develop sustainable solutions. They also need to navigate trade dynamics. Farmers may face financial constraints and require support for equipment integration. Overcoming these challenges will contribute to the growth and sustainability of the agriculture equipment market in Europe.

Impact of COVID-19 on Europe Agriculture Equipment Market 
The COVID-19 pandemic has resulted in labour shortages in seasonal agriculture and has highlighted the need for automation and efficiency in the industry. Farmers are increasingly interested in technologies that reduce labour requirements and enhance productivity. Governments in Europe have provided financial aid and subsidies to support the agriculture sector, including equipment investments. The pandemic has also accelerated the shift to online platforms for equipment purchases and sales. However, the impact of the pandemic varies across regions based on outbreak severity, government responses, and local agricultural resilience.

Europe Agriculture Equipment Market Key Players:
The market study provides market data by competitive landscape, revenue analysis, market segments and detailed analysis of key market players such as; AGCO Corporation, Argo Tractors Spa, CLAAS KGaA mbH, CNH Industrial N.V., Deere & Company, First Tractor Company Limited, Kubota Corporation, KUHN Group, Lely Industries N.V., SDF S.p.A, Yanmar Co. Ltd.

Europe Agriculture Equipment Market Segmentation:

By Tractor: Based on the Tractor, Europe Agriculture Equipment Market is segmented as; Agricultural tractors <= 49 hp, Agricultural tractors 50-79 hp, Agricultural tractors 80-99 hp, Agricultural tractors 100-120 hp, Agricultural tractors > 120 hp.

By Harvesting: Based on the Harvesting, Europe Agriculture Equipment Market is segmented as; Balers, Combine harvesters, Root crop harvesters, Self-propelled forage harvesters, Other harvesting machines.

By Haymaking: Based on the Haymaking, Europe Agriculture Equipment Market is segmented as; Mounted or Trailed Mowers, Other Haymaking Equipment.

By Tillage: Based on the Tillage, Europe Agriculture Equipment Market is segmented as; Harrows, Ploughs, Scarifiers and cultivators, Other tillage equipment.

By Seeding, Planting & Fertilizing: Based on the Seeding, Planting & Fertilizing, Europe Agriculture Equipment Market is segmented as; Organic fertilizers spreaders, Mineral fertilizers dispensers, Seeders, planters & Transplanters.

By Irrigation & Crop Protection: Based on the Irrigation & Crop Protection, Europe Agriculture Equipment Market is segmented as; Mechanical irrigation systems, Portable sprayer, Sprayer, Other crop protection sprayers.
By Livestock: Based on the Livestock, Europe Agriculture Equipment Market is segmented as; Animal food preparation machines, Aviculture Machines, Others breeding equipment. 

By Dairy: Based on the Dairy, Europe Agriculture Equipment Market is segmented as; Milking Machines, Dairy machines and System.

By Garden Machinery: Based on the Garden Machinery, Europe Agriculture Equipment Market is segmented as; Lawn Mowers, Chainsaws, Rototillers or Rotovators, Forestry Equipment.

By Region: This research also includes data for France, Germany, Italy, Netherlands, Spain, United Kingdom, Rest of Europe.

This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.

Join Our SPER Panel

Our Global Clients

Our data-driven insights have influenced the strategy of 200+ reputed companies across the globe.
SPER-Astellas Pharma
SPER-Citi Bank
SPER-Johnson & Johnson


Market Research

We are the leading, full-service global market research and consulting company.

iso-1 iso-1 iso-1 ESOMAR
Secure Payments
SPER Payment Options
Contact HR

 [email protected]