Germany Tractor Market Report 2022-2028

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Dublin, April 26, 2022 (GLOBE NEWSWIRE) — The “Germany Tractor Market – Industry Analysis and Forecast 2022-2028” report has been added to from ResearchAndMarkets.com offer.

The German Agricultural Tractor Market is expected to grow at a CAGR of 5.10% during the period 2022-2028

The study considers a detailed scenario of the current market and its market dynamics for 2022-2028. It covers a detailed overview of several market growth catalysts, restraints, and trends. The report presents both the demand and supply sides of the market. It profiles and reviews the leading companies and other eminent ones operating in the market.

GERMANY TRACTOR MARKET SEGMENTATION

Tractors are the most profitable segment of agricultural equipment in Germany, accounting for nearly 80% of total sales. In addition, Germany is the leading exporter of tractors in Europe in terms of unit sales. German-made tractors account for more than two-thirds of all tractors produced in Europe.

VENDOR LANDSCAPE

Major players in the German agricultural tractor market are John Deere, CNH Industrial, AGCO, TAFE and Kubota. In terms of units sold, John Deere and Fendt are the market leaders which accounted for more than 40% of the overall German agricultural tractor market in 2021, and in terms of exports, Fendt emerges as the largest exporter of tractors manufactured in Germany. Germany, it is the largest manufacturer and seller in Germany.

HIGHLIGHTS

  • The German agricultural tractor market is expected to grow significantly at a CAGR of 5.10% (in volume) during the forecast period 2021-2028. The 2WD segment accounted for more than 85% of the overall tractor market. The 50-100 HP segment accounting for the largest market share is expected to grow at a CAGR of 5.04% (by volume) during the forecast period.

  • Germany is Europe’s largest tractor market. The two largest agricultural tractor markets in Europe – Germany and France, accounting for nearly four out of every 10 agricultural tractors registered in Europe. Agricultural tractors accounted for 93% of the entire German tractor market in 2021.

  • With a share of around 80%, tractors are the largest agricultural equipment segment in Germany in terms of sales. Moreover, in terms of unit sales, Germany is the largest exporter of tractors across Europe. The number of tractors manufactured in Germany represents more than two thirds of the total number of tractors manufactured in Europe.

  • The German economy achieved excellent growth in 2021, and the growth rate is expected to be maintained in 2023, supported by the rising employment rate and a monetary policy stance that will continue to support domestic demand. Therefore, 2022 should see a healthy 4.5% increase in real GDP growth.

  • German government programs and initiatives to facilitate credit and improve agriculture-related operations are key drivers contributing to the growth of the overall value chain in the German agricultural sector.

  • Germany spent $1.4 billion of its official development assistance (ODA) on agriculture in 2021, making it the top donor to the Organization for Economic Co-operation and Development (OECD) and the Committee development assistance (DAC) for agriculture in real terms.

  • Agriculture was one of the strategic priorities of former German Development Minister Gerd Muller, who in 2014 launched “ONE WORLD – No Hunger”, a special initiative on food and nutrition security as well as development rural, which will most likely be continued in this legislature (2021-2025) under the new Minister for Development Svenja Schulze.

KEY SUPPLIERS

  • John Deere

  • CNH

  • AGCO

  • Kubota

  • TAFE

OTHER MAJOR SUPPLIERS

Main topics covered:

1 Research methodology

2 research objectives

3 Research process

4 Scope and coverage
4.1 Market definition
4.1.1 Inclusions
4.1.2 Exclusions
4.1.3 Caveats regarding market estimation
4.2 Reference year
4.3 Scope of the study

5 Report assumptions and caveats
5.1 Main caveats
5.2 Currency conversion
5.3 Market Derivation

6 The market at a glance

7 Presentation
7.1 Overview
7.2 Agricultural incentives from Germany
7.3 Foreign direct investment
7.4 Germany Advantage
7.5 Common Agricultural Policy (CAP) and EU agricultural expenditure
7.6 Cultivation intensity and land structures
7.7 Role of tractors in the German agricultural sector
7.8 Import and export analysis
7.9 Technological advances
7.10 Impact of Covid-19 on the German agricultural sector

8 Market Landscape
8.1 Market Overview
8.1.1 Major labor shortage in the agricultural sector
8.1.2 Equipment financing structure
8.2 Market Size and Forecast

9 horses
9.1 Market Overview and Growth Driver
9.2 Market Overview
9.3 Less than 50 HP
9.3.1 Market Overview
9.3.2 Market Size and Forecast
9.3.3 Germany Agricultural Tractors Less than 50hp Market by Areas
9.4 50-100 hp
9.5 101-150 hp
9.6 151-200 hp
9.7 201-300 hp
9.8 301-400 hp
9.9 Above 400 hp

10 Drive type
10.1 Market Overview and Growth Driver
10.2 Market Overview
10.2.1 Market Size and Forecast
10.3 2WD tractors
10.3.1 Market Overview
10.3.2 Market Size and Forecast
10.3.3 Germany 2Wd Agricultural Tractors Market by Areas
10.4 4WD Tractors

11 Areas
11.1 Market Overview and Growth Driver
11.2 Market Overview
11.3 Area I
11.3.1 Market Overview
11.3.2 Market Size and Forecast
11.3.3 Zone I Agricultural Tractors Market by Hp
11.3.4 Area I Agricultural Tractor Market by Drive Wheel
11.4 Area II
11.5 Area III
11.6 Area IV

12 Market Opportunities and Trends
12.1 Technological Advancements in Tractors
12.1.1 Autonomous tractors
12.1.2 GPS technology
12.1.3 Growing Demand for Autonomous Tractors
12.2 Develop agricultural mechanization to reduce labor
12.3 Increased use of unconventional fuel in tractors

13 Market Growth Catalysts
13.1 Financial support to farmers through loans and grants
13.2 Growth in agricultural productivity and exports
13.2.1 Agricultural exports
13.3 Socio-demographic changes in Germany
13.4 Increase in the size of agricultural land

14 Market Constraints
14.1 Latest homologation regulations hamper new sales
14.2 Swelling demand for used and rental tractors
14.3 Commodity Price Fluctuations

15 Five Forces Analysis
15.1.1 Threat of new entrants
15.1.2 Bargaining Power of Suppliers
15.1.3 Bargaining power of buyers
15.1.4 Threat of Substitutes
15.1.5 Competitive Rivalry

16 Competitive Landscape
16.1 Competition Overview
16.1.1 Brand Loyalty
16.1.2 Sales and Exports

For more information on this report, visit https://www.researchandmarkets.com/r/zal3nn

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