Italy Agricultural Machinery Market Growth, Size, Trends, Share, Revenue and Future Outlook
Italy Agricultural Machinery Market Size- By Type- Regional Outlook, Competitive Strategies and Segment Forecast to 2033
| Published: Dec-2023 | Report ID: AGRI2363 | Pages: 1 - 103 | Formats*: |
| Category : Agriculture | |||
Italy Agricultural Machinery Market Introduction and Overview
According to SPER Market Research, the Italy Agricultural Machinery Market is estimated to reach USD XX billion by 2033 with a CAGR of 5.51%.
The report includes an in-depth analysis of the Italy Agricultural Machinery Market, including market size and trends, product mix, applications, and supplier analysis. The mechanical equipment or vehicles used in agricultural pursuits like farming are referred to as agricultural machinery. A wide variety of power and manual tools, including tractors, harvesters, hay and forage machines, and many more readily operated farm equipment types, are among the various sorts of agricultural machinery equipment.
Market Opportunities and Challenges
Since agricultural machinery is rarely used on the domestic market compared to exports, Italy's agricultural machinery industry is mostly focused on exports, primarily serving the US and the EU. Some of the reasons driving the market expansion include the surge in technical improvements and the growing necessity for farm mechanisation. The region is seeing an increase in the demand for farm mechanisation as a result of farmers' incomes not keeping up with rising production costs, such as labour expenses. There is a severe labour shortage in agriculture. As a result, the lack of agricultural labour is making room for wage rates to grow, which in turn is enabling farmers in the area to use tractors and other farm machinery. Consequently, the expansion of the agricultural machinery market in the region is anticipated to be driven by this factor.
The area's farmers are searching for tractors with specialised characteristics that will meet their needs for efficient farming. Therefore, many domestic and foreign producers of agricultural machinery are developing new, technologically advanced tractors that can handle a variety of farming applications in order to meet consumer demand. For example, Kubota introduced a number of new products in 2017 including the M7-1 tractor series, which has 170 horsepower and is intended for midsize farms in Italy. Variable gearbox (CVT), integrated touch screen terminals, and emission technology are among the luxury features of the M7-1.
Nonetheless, a few of the obstacles impeding the market's growth are the loss in the number of operating farms and a notable drop in agricultural revenue. Another factor impeding the market's growth is small-scale farmers' ignorance about the advantages and benefits of employing agricultural technology. Another significant barrier to the industry is the rising cost of agricultural equipment in emerging economies.
Market Competitive Landscape
Major players like AGCO Corporation, CLAAS KGaA mbH, CNH Industrial NV, Deere & Company, Kubota Corporation, Kuhn Group, Same Deutz-Fahr, Yanmar Co. Ltd are present in the nation, which contributes to the market's intense competition. The players in question are heavily investing in research and development, with the aim of developing novel agricultural machinery items that meet the demands of farmers in the area. The Italy Agricultural Machinery market is fragmented.
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 Type |
| Regions covered | Eastern Region, Western Region, Southern Region, Northern Region |
| Companies Covered | AGCO Corporation, CLAAS KGaA mbH, CNH Industrial NV, Deere & Company, Kubota Corporation, Kuhn Group, Same Deutz-Fahr, Yanmar Co. Ltd, Others |
COVID-19 Impact on Italy Agricultural Machinery Market
In 2020, there was a minor decline in the market for agricultural machinery due to the COVID-19 pandemic. Government restrictions intended to stop the new coronavirus caused manufacturing facilities to temporarily close, which delayed production. As a result, the first half of 2020 had adverse effects on the industry. AGCO Industries, Deere & Company, and Kubota Corporation were among the companies that saw a decrease in sales of agricultural equipment in H1/2020. But as governments liberalised their economies in H2/2020, the market for agricultural equipment recovered and grew until H1/2021.
Key Target Audience:
- Agricultural Equipment Manufacturers
- Agricultural Extension Services
- Agricultural Machinery Dealers and Distributors
- Farm Equipment Maintenance and Repair Services
- Farmers and Agricultural Producers
- Government Agricultural Departments
- Others
Our in-depth analysis of the Italy Agricultural Machinery Market includes the following segments:
| By Type: |
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| By Region: |
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Key Topics Covered in the Report:
- Italy Agricultural Machinery Market Size (FY’2023-FY’2033)
- Overview of Italy Agricultural Machinery Market
- Segmentation of Italy Agricultural Machinery Market By Type (Equipments, Harvesting Machinery, Haying and Forage Machinery, Irrigation Machinery, Tractors)
- Statistical Snap of Italy Agricultural Machinery Market
- Expansion Analysis of Italy Agricultural Machinery Market
- Problems and Obstacles in Italy Agricultural Machinery Market
- Competitive Landscape in the Italy Agricultural Machinery Market
- Impact of COVID-19 and Demonetization on Italy Agricultural Machinery Market
- Details on Current Investment in Italy Agricultural Machinery Market
- Competitive Analysis of Italy Agricultural Machinery Market
- Prominent Players in the Italy Agricultural Machinery Market
- SWOT Analysis of Italy Agricultural Machinery Market
- Italy Agricultural Machinery Market Future Outlook and Projections (FY’2023-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1. Research data source2.1.1. Secondary Data2.1.2. Primary Data2.1.3. SPER’s internal database2.1.4. Premium insight from KOL’s2.2. Market size estimation2.2.1. Top-down and Bottom-up approach2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis4.1.1. Drivers4.1.2. Restraints4.1.3. Opportunities4.1.4. Challenges4.2. COVID-19 Impacts of the Italy Agricultural Machinery Market
5. Market variable and outlook
5.1. SWOT Analysis5.1.1. Strengths5.1.2. Weaknesses5.1.3. Opportunities5.1.4. Threats5.2. PESTEL Analysis5.2.1. Political Landscape5.2.2. Economic Landscape5.2.3. Social Landscape5.2.4. Technological Landscape5.2.5. Environmental Landscape5.2.6. Legal Landscape5.3. PORTER’s Five Forces5.3.1. Bargaining power of suppliers5.3.2. Bargaining power of buyers5.3.3. Threat of Substitute5.3.4. Threat of new entrant5.3.5. Competitive rivalry5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Italy Agricultural Machinery Market Manufacturing Base Distribution, Sales Area, Product Type6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Italy Agricultural Machinery Market
7. Italy Agricultural Machinery Market, By Type (USD Million)
7.1. Italy Agricultural Machinery Market Value Share and Forecast, By Type, 2023-20337.2. Equipments7.2.1. Harrows7.2.2. Ploughs7.2.3. Rotovators and Cultivators7.2.4. Seed and Fertilizer Drills7.2.5. Other Equipments7.3. Harvesting Machinery7.3.1. Combine Harvesters7.3.2. Forage Harvesters7.3.3. Other Harvesting Machinery7.4. Haying and Forage Machinery7.4.1. Balers7.4.2. Mowers and Conditioners7.4.3. Other Haying and Forage Machinery7.5. Irrigation Machinery7.5.1. Sprinkler Irrigation7.5.2. Drip Irrigation7.5.3. Other7.6. Tractors7.6.1. Less than 40 HP7.6.2. 40 HP to 99 HP7.6.3. Greater than 100 HP
8. Italy Agricultural Machinery Market Forecast, 2019-2033 (USD Million)
8.1. Italy Agricultural Machinery Market Size and Market Share
9. Italy Agricultural Machinery Market, By Type, 2019-2033 (USD Million)
9.1. Italy Agricultural Machinery Market Size and Market Share By Type (2019-2026)9.2. Italy Agricultural Machinery Market Size and Market Share By Type (2027-2033)
10. Italy Agricultural Machinery Market, By Region, 2019-2033 (USD Million)
10.1. Italy Agricultural Machinery Market Size and Market Share By Region (2019-2026)10.2. Italy Agricultural Machinery Market Size and Market Share By Region (2027-2033)10.3. Eastern Region10.4. Western Region10.5. Southern Region10.6. Northern Region
11. Company Profile
11.1. AGCO Corporation11.1.1. Company details11.1.2. Financial outlook11.1.3. Product summary11.1.4. Recent developments11.2. CLAAS KGaA mbH11.2.1. Company details11.2.2. Financial outlook11.2.3. Product summary11.2.4. Recent developments11.3. CNH Industrial NV11.3.1. Company details11.3.2. Financial outlook11.3.3. Product summary11.3.4. Recent developments11.4. Deere & Company11.4.1. Company details11.4.2. Financial outlook11.4.3. Product summary11.4.4. Recent developments11.5. Kubota Corporation11.5.1. Company details11.5.2. Financial outlook11.5.3. Product summary11.5.4. Recent developments11.6. Kuhn Group11.6.1. Company details11.6.2. Financial outlook11.6.3. Product summary11.6.4. Recent developments11.7. Kubota Corporation11.7.1. Company details11.7.2. Financial outlook11.7.3. Product summary11.7.4. Recent developments11.8. Yanmar Co. Ltd11.8.1. Company details11.8.2. Financial outlook11.8.3. Product summary11.8.4. Recent developments11.9. Others
12. List of Abbreviations
13. Reference Links
14. Conclusion
15. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
Italy Agricultural Machinery Market is projected to reach USD XX billion by 2033, growing at a CAGR of 5.51% during the forecast period.
Italy Agricultural Machinery Market grew in market size from 2023. The Market is expected to reach USD XX billion by 2033, at a CAGR of 5.51% during the forecast period.
Italy Agricultural Machinery Market CAGR of 5.51% during the forecast period.
You can get the sample pages by clicking the link -Click Here
Italy Agricultural Machinery Market size is USD XX billion from 2023 to 2033.
Italy Agricultural Machinery Market Segment is Covered By Type
The Europe region is anticipated to have the highest market share in Italy Agricultural Machinery Market.
The key players in the market include Companies Covered AGCO Corporation, CLAAS KGaA mbH, CNH Industrial NV, Deere & Company, Kubota Corporation, Kuhn Group, Same Deutz-Fahr, Yanmar Co. Ltd, Others
The mechanical equipment or vehicles used in agricultural pursuits like farming are referred to as agricultural machinery.
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