Europe Agriculture Equipment Market Overview
According to SPER Market Research, the Europe Agriculture Equipment Market is estimated to reach USD 108.58 billion by 2033 with a CAGR of 6.29%.
Agriculture equipment plays a vital role in modern farming practices, enabling efficient and productive agricultural operations. These specialized machines and tools are designed to perform tasks such as ploughing, planting, harvesting, and livestock management. From tractors and harvesters to irrigation systems and milking machines, agriculture equipment enhances efficiency, reduces labour requirements, and optimizes crop and livestock production. The use of advanced technology and precision in agriculture equipment ensures precise application of fertilizers, pesticides, and water, minimizing waste and environmental impact. With a focus on sustainability and maximizing yields, agriculture equipment continues to evolve, supporting the global demand for efficient and environmentally friendly farming practices.
Exploring the Growth Drivers of the Europe Agriculture Equipment Industry.
The Europe agriculture equipment market is driven by several factors. The increasing demand for food due to population growth and rising consumption is fuelling the need for advanced machinery to improve productivity and meet food demands. Technological advancements, including precision farming, automation, and robotics, are enhancing agricultural efficiency and reducing labour requirements. Government support in the form of subsidies and financial incentives encourages farmers to invest in modern equipment. The focus on sustainable farming practices drives the demand for equipment that supports conservation and resource efficiency. Additionally, the replacement and modernization of outdated equipment contribute to market growth. These factors collectively contribute to the expansion of the agriculture equipment market in Europe, enabling farmers to meet the challenges of increasing food demand while adopting more sustainable and efficient farming practices.
What challenges does the Europe Agriculture Equipment Market face?
The Europe agriculture equipment market faces several challenges. High initial costs act as a barrier to entry for small-scale farmers. Fragmented farming practices across the region make it difficult to develop standardized solutions. Keeping up with rapid technological advancements and understanding their utilization can be challenging for farmers with limited technical expertise. Limited access to maintenance and repair services, particularly in rural areas, hinders equipment utilization. Seasonal demand fluctuations pose challenges for manufacturers and suppliers in managing production and inventory. Addressing these challenges requires efforts to improve affordability, develop region-specific solutions, provide technical support, enhance maintenance services, and optimize production and inventory management. Collaboration among stakeholders is crucial for overcoming these challenges and ensuring the growth and sustainability of the agriculture equipment market in Europe.
In what ways has the COVID-19 pandemic affected Europe Agriculture Equipment Market?
The COVID-19 pandemic has significantly impacted the Europe agriculture equipment market. Disruptions in global supply chains have affected the availability of raw materials and components, causing delays in production and delivery. Economic uncertainties and restrictions have led to reduced sales and demand as farmers have postponed or scaled back equipment purchases. Farmers' income has been affected by disruptions in markets, supply chains, and labour availability, resulting in decreased purchasing power. Shifts in priorities towards essential activities like food production have led to a decreased demand for new equipment. The pandemic has highlighted the need for automation and efficiency in agriculture. Government support measures and a shift to online platforms have provided some support to the market.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2033 |
| Base year considered | 2022 |
| Forecast period | 2023-2033 |
| Segments covered | By Tractor, By Haymaking, By Harvesting, By Seeding Planting & Fertilizing, By Tillage, By Irrigation & Crop Protection, By Dairy, By Livestock, By Garden Machinery
|
| Regions covered | France, Germany, Italy, Netherlands, Spain, United Kingdom, Rest of Europe.
|
| Companies Covered | 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., Others
|
Key Target Audience:
- Agricultural Contractors
- Agricultural Cooperatives
- Agricultural Machinery Dealers and Distributors
- Equipment Rental Companies
- Farmers and Agricultural Enterprises
- Government Agencies and Agricultural Institutions
- Industry Associations and Trade Shows
Europe Agriculture Equipment Market Segmentation:
1. By Tractor:
- Europe Agriculture Equipment Market Value Share and Forecast, By Tractor, 2023-2033
- Agricultural tractors < = 49 hp
- Agricultural tractors 50-79 hp
- Agricultural tractors 80-99 hp
- Agricultural tractors 100-120 hp
- Agricultural tractors > 120 hp
2. By Harvesting:
- Europe Agriculture Equipment Market Value Share and Forecast, By Harvesting, 2023-2033
- Balers
- Combine harvesters
- Root crop harvesters
- Self-propelled forage harvesters
- Other harvesting machines
3. By Haymaking:
- Europe Agriculture Equipment Market Value Share and Forecast, By Haymaking, 2023-2033
- Mounted or Trailed Mowers
- Other Haymaking Equipment
4. By Tillage:
- Europe Agriculture Equipment Market Value Share and Forecast, By Tillage, 2023-2033
- Harrows
- Ploughs
- Scarifiers and cultivators
- Other tillage equipment
5. By Region:
- France
- Germany
- Italy
- Netherlands
- Spain
- United Kingdom
- Rest of Europe
Key Topics Covered in the Report:
- Europe Agriculture Equipment Market Size (FY’2023-FY’2033)
- Overview of Europe Agriculture Equipment Market
- Segmentation of Europe Agriculture Equipment Market By Tractor (Agricultural tractors <= 49 hp, Agricultural tractors 50-79 hp, Agricultural tractors 80-99 hp, Agricultural tractors 100-120 hp, Agricultural tractors > 120 hp)
- Segmentation of Europe Agriculture Equipment Market By Harvesting (Balers, Combine harvesters, Root crop harvesters, Self-propelled forage harvesters, Other harvesting machines)
- Segmentation of Europe Agriculture Equipment Market By Haymaking (Mounted or Trailed Mowers, Other Haymaking Equipment)
- Segmentation of Europe Agriculture Equipment Market By Tillage (Harrows, Ploughs, Scarifiers and cultivators, Other tillage equipment)
- Segmentation of Europe Agriculture Equipment Market By Seeding Planting and Fertilizing (Organic fertilizers spreaders, Mineral fertilizers dispensers, Seeders, planters & Transplanters)
- Segmentation of Europe Agriculture Equipment Market By Irrigation and Crop Protection (Mechanical irrigation systems, Portable sprayers, Sprayers, Other crop protection sprayers)
- Segmentation of Europe Agriculture Equipment Market By Livestock (Animal food preparation machines, Aviculture Machines, Others breeding equipment.)
- Segmentation of Europe Agriculture Equipment Market By Dairy (Milking Machines, Dairy machines and System)
- Segmentation of Europe Agriculture Equipment Market By Garden Machinery (Lawn Mowers, Chainsaws, Rototillers or Rotovators, Forestry Equipment)
- Statistical view of Europe Agriculture Equipment Market
- Growth Analysis of Europe Agriculture Equipment Market
- Obstacles and Challenges in Europe Agriculture Equipment Market
- Competitive Overview in the Europe Agriculture Equipment Market
- Effects of COVID-19 and Demonetization on Europe Agriculture Equipment Market
- Details on Recent Investment in Europe Agriculture Equipment Market
- Competitive Analysis of Europe Agriculture Equipment Market
- Prominent Players in the Europe Agriculture Equipment Market
- SWOT Analysis of Europe Agriculture Equipment Market
- Europe Agriculture Equipment Market Future Projections and Outlook (FY’2023-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data
2.1.2. Primary Data
2.1.3. SPER’s internal database
2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges
4.2. COVID-19 Impacts of the Europe Agriculture Equipment Market
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths
5.1.2. Weaknesses
5.1.3. Opportunities
5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape
5.2.2. Economic Landscape
5.2.3. Social Landscape
5.2.4. Technological Landscape
5.2.5. Environmental Landscape
5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers
5.3.2. Bargaining power of buyers
5.3.3. Threat of Substitute
5.3.4. Threat of new entrant
5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Europe Agriculture Equipment Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Europe Agriculture Equipment Market
7. Europe Agriculture Equipment Market, By Tractor (USD Million)
7.1. Europe Agriculture Equipment Market Value Share and Forecast, By Tractor, 2023-2033
7.2. Agricultural tractors < = 49 hp
7.3. Agricultural tractors 50-79 hp
7.4. Agricultural tractors 80-99 hp
7.5. Agricultural tractors 100-120 hp
7.6. Agricultural tractors > 120 hp
8. Europe Agriculture Equipment Market, By Harvesting (USD Million)
8.1. Europe Agriculture Equipment Market Value Share and Forecast, By Harvesting, 2023-2033
8.2. Balers
8.3. Combine harvesters
8.4. Root crop harvesters
8.5. Self-propelled forage harvesters
8.6. Other harvesting machines
9. Europe Agriculture Equipment Market, By Haymaking (USD Million)
9.1. Europe Agriculture Equipment Market Value Share and Forecast, By Haymaking, 2023-2033
9.2. Mounted or Trailed Mowers
9.3. Other Haymaking Equipment
10. Europe Agriculture Equipment Market, By Tillage (USD Million)
10.1. Europe Agriculture Equipment Market Value Share and Forecast, By Tillage, 2023-2033
10.2. Harrows
10.3. Ploughs
10.4. Scarifiers and cultivators
10.5. Other tillage equipment
11. Europe Agriculture Equipment Market, By Seeding Planting and Fertilizing (USD Million)
11.1. Europe Agriculture Equipment Market Value Share and Forecast, By Seeding, Planting and Fertilizing, 2023-2033
11.2. Mineral fertilizers dispensers
11.3. Organic fertilizers spreaders
11.4. Seeders, planters & Transplanters
12. Europe Agriculture Equipment Market, By Irrigation and Crop Protection (USD Million)
12.1. Europe Agriculture Equipment Market Value Share and Forecast, By Irrigation and Crop Protection, 2023-2033
12.2. Mechanical irrigation systems
12.3. Portable sprayers, with or without motor
12.4. Sprayers, mounted or trailed
12.5. Other crop protection sprayers
13. Europe Agriculture Equipment Market, By Livestock (USD Million)
13.1. Europe Agriculture Equipment Market Value Share and Forecast, By Livestock, 2023-2033
13.2. Animal food preparation machines
13.3. Aviculture Machines
13.4. Others breeding equipment
14. Europe Agriculture Equipment Market, By Dairy (USD Million)
14.1. Europe Agriculture Equipment Market Value Share and Forecast, By Dairy, 2023-2033
14.2. Dairy machines and System
14.3. Milking Machines
15. Europe Agriculture Equipment Market, By Garden Machinery (USD Million)
15.1. Europe Agriculture Equipment Market Value Share and Forecast, By Garden Machinery, 2023-2033
15.2. Chainsaws
15.3. Forestry Equipment
15.4. Lawn Mowers
15.5. Rototillers or Rotovators
16. Europe Agriculture Equipment Market Forecast, 2019-2033 (USD Million)
16.1. Europe Agriculture Equipment Market Size and Market Share
17. Europe Agriculture Equipment Market, By Tractor, 2019-2033 (USD Million)
17.1. Europe Agriculture Equipment Market Size and Market Share By Tractor (2019-2026)
17.2. Europe Agriculture Equipment Market Size and Market Share By Tractor (2027-2033)
18. Europe Agriculture Equipment Market, By Harvesting Equipment, 2019-2033 (USD Million)
18.1. Europe Agriculture Equipment Market Size and Market Share By Harvesting Equipment (2019-2026)
18.2. Europe Agriculture Equipment Market Size and Market Share By Harvesting Equipment (2027-2033)
19. Europe Agriculture Equipment Market, By Haymaking, 2019-2033 (USD Million)
19.1. Europe Agriculture Equipment Market Size and Market Share By Haymaking (2019-2026)
19.2. Europe Agriculture Equipment Market Size and Market Share By Haymaking (2027-2033)
20. Europe Agriculture Equipment Market, By Tillage, 2019-2033 (USD Million)
20.1. Europe Agriculture Equipment Market Size and Market Share By Tillage (2019-2026)
20.2. Europe Agriculture Equipment Market Size and Market Share By Tillage (2027-2033)
21. Europe Agriculture Equipment Market, By Seeding Planting and Fertilizing, 2019-2033 (USD Million)
21.1. Europe Agriculture Equipment Market Size and Market Share By Seeding, Planting and Fertilizing (2019-2026)
21.2. Europe Agriculture Equipment Market Size and Market Share By Seeding, Planting and Fertilizing (2027-2033)
22. Europe Agriculture Equipment Market, By Irrigation and Crop Protection, 2019-2033 (USD Million)
22.1. Europe Agriculture Equipment Market Size and Market Share By Irrigation and Crop Protection (2019-2026)
22.2. Europe Agriculture Equipment Market Size and Market Share By Irrigation and Crop Protection (2027-2033)
23. Europe Agriculture Equipment Market, By Livestock, 2019-2033 (USD Million)
23.1. Europe Agriculture Equipment Market Size and Market Share By Livestock (2019-2026)
23.2. Europe Agriculture Equipment Market Size and Market Share By Livestock (2027-2033)
24. Europe Agriculture Equipment Market, By Dairy, 2019-2033 (USD Million)
24.1. Europe Agriculture Equipment Market Size and Market Share By Dairy (2019-2026)
24.2. Europe Agriculture Equipment Market Size and Market Share By Dairy (2027-2033)
25. Europe Agriculture Equipment Market, By Garden Machinery, 2019-2033 (USD Million)
25.1. Europe Agriculture Equipment Market Size and Market Share By Garden Machinery (2019-2026)
25.2. Europe Agriculture Equipment Market Size and Market Share By Garden Machinery (2027-2033)
26. Europe Agriculture Equipment Market, By Region, 2019-2033 (USD Million)
26.1. Europe Agriculture Equipment Market Size and Market Share By Region (2019-2026)
26.2. Europe Agriculture Equipment Market Size and Market Share By Region (2027-2033)
26.3. France
26.4. Germany
26.5. Italy
26.6. Netherlands
26.7. Spain
26.8. United Kingdom
26.9. Rest of Europe
27. Company Profile
27.1. AGCO Corporation
27.1.1. Company details
27.1.2. Financial outlook
27.1.3. Product summary
27.1.4. Recent developments
27.2. Argo Tractors Spa
27.2.1. Company details
27.2.2. Financial outlook
27.2.3. Product summary
27.2.4. Recent developments
27.3. CLAAS KGaA mbH
27.3.1. Company details
27.3.2. Financial outlook
27.3.3. Product summary
27.3.4. Recent developments
27.4. CNH Industrial N.V.
27.4.1. Company details
27.4.2. Financial outlook
27.4.3. Product summary
27.4.4. Recent developments
27.5. Deere & Company
27.5.1. Company details
27.5.2. Financial outlook
27.5.3. Product summary
27.5.4. Recent developments
27.6. First Tractor Company Limited
27.6.1. Company details
27.6.2. Financial outlook
27.6.3. Product summary
27.6.4. Recent developments
27.7. Kubota Corporation
27.7.1. Company details
27.7.2. Financial outlook
27.7.3. Product summary
27.7.4. Recent developments
27.8. KUHN Group
27.8.1. Company details
27.8.2. Financial outlook
27.8.3. Product summary
27.8.4. Recent developments
27.9. Lely Industries N.V.
27.9.1. Company details
27.9.2. Financial outlook
27.9.3. Product summary
27.9.4. Recent developments
27.10. SDF S.p.A
27.10.1. Company details
27.10.2. Financial outlook
27.10.3. Product summary
27.10.4. Recent developments
27.11. Yanmar Co. Ltd.
27.11.1. Company details
27.11.2. Financial outlook
27.11.3. Product summary
27.11.4. Recent developments
27.12. Others
28. List of Abbreviations
29. Reference Links
30. Conclusion
31. Research Scope