Europe Agriculture Equipment Market, Size, Forecast 2023-2030, Industry Trends, Growth, Share, Outlook, Impact of Inflation, Opportunity Company Analysis
Europe Agriculture Equipment Market will be worth US$ 59.96 Billion by 2030, according to Renub Research. Presently, the escalating costs of mechanization in European locations are predicted to exert a protracted impact on at the burgeoning European Agricultural Machinery Market. Agricultural equipment, encompassing implements, components, or attachments designed in general for agribusiness functions, performs a pivotal function. Any device applied in crop cultivation, cattle rearing, horticulture, or floriculture falls within the purview of ""agricultural equipment.""
Historically, the rural landscape in Europe has been characterized with the aid of hard work-intensive practices. However, as people migrate to cities, employment in this sector has declined over time. Farmers are increasingly replacing manual labour with agricultural technology due to more cost-effective, readily available, and efficient. For instance, as per the German Association of Agricultural Employers (GLFA), the quantity of seasonal immigrant laborers in Germany during apex harvest seasons has reduced considerably in recent years. Labor costs are also rising due to a shortage of agricultural laborers, which will likely increase the demand for agricultural machinery.
Europe Agriculture Equipment Market will expand at a CAGR of 4.14% during 2022 and 2030
The European region is witnessing an increasing integration with technology over the past few years to support sustainable agricultural practices. Furthermore, precision agriculture technology, such as GPS tractors and drones, increases the accuracy of planting, fertilizing, and irrigation. The Internet of Things monitors machinery and crop conditions in order to optimize resource use. Automation and robotics increase productivity. Data analytics and AI decisions reduce waste while increasing yields and sustainability in the face of labor shortages and climate change, propelling European agriculture forward. For example, AGCO Corporation, a world leader in the design, manufacture, and distribution of agricultural machinery and precision agriculture technology, announced collaboration between its AGCO Parts division and Kirkland, IL-based EZ-Drops. The agreement provides only parts access to Y-Logic, a new dealer-installed premium nutrient delivery system by EZ-Drops for the RoGator Liquid Logic and legacy liquid systems, for AGCO's RoGator dealers in North America.
Moreover, governments in the region help with the growth of agricultural industries, including financial aid for the purchase of machinery and seeds. The subsidies help to ensure adequate food production, lower food commodity inflation, protect farmer incomes, and strengthen the agricultural industry. For instance, The UK government is focusing on increasing farm mechanization to produce more with less environmental impact. Moreover, tractors, one of the most important agricultural machines, have a high market growth potential. Farmers in this region are increasingly interested in investing in high-end tractors to work on larger fields as part of their efforts to increase crop yields and farm efficiencies. Europe Agriculture Equipment Market was worth US$ 43.35 Billion in 2022.
Fertilizing equipment holds the highest share in the Europe agricultural equipment market due to its pivotal role in enhancing crop productivity
Based on equipment, the Europe agricultural equipment market is divided into Tractor, Machine parts, Fertilizing equipment, Harvesting equipment, Garden and forestry machinery, Livestock equipment, Hay-making equipment, Balers and pick-up balers, Irrigation and crop protection, Agricultural trailers and semi-trailers, and Machines for cleaning and sorting agricultural product. Precision fertilizer application is critical to optimizing nutrient distribution as Europe emphasizes sustainable and efficient farming practices.
Fertilizing equipment, including precision spreaders and sprayers, caters to these demands by ensuring accurate and controlled dispersion of nutrients, reducing waste and environmental impact. Moreover, evolving regulations pertaining to nutrient management and environmental protection compel farmers to invest in advanced equipment that minimizes runoff and pollution. As the region seeks to increase agricultural output while reducing resource use, fertilizing equipment serves as a cornerstone for modern farming techniques, accounting for its significant presence and dominance in the Europe agricultural equipment market.
France is at the forefront of agricultural technology adoption, contributing to its fastest-growing status in the Europe agricultural equipment market
The countries present are France, Germany, Italy, United Kingdom, Poland, Austria, Netherlands, Finland, Romania, Denmark, Hungary, Portugal, Ireland, Lithuania, Greece, Croatia, Estonia, Latvia, Luxembourg, and Rest of Europe. As one of largest agricultural producers in Europe, France has strong agricultural sector demands in cutting-edge technology for improved efficiency. The country is committed to sustainable farming practices which have prompted increased adoption of precision agriculture technologies, enabling farmers to optimize resource usage and enhance yields. Government support and grants for modernizing equipment further drive market growth. Furthermore, France emphasizes on innovation and research in agriculture, coupled with its skilled workforce, propels the development and integration of advanced machinery.
Key Players
John Deere, AGCO, CLAAS KGaA, First Tractor Company Limited, and Kubota Corporation are competitors in the Europe agricultural equipment market.
In January 2023- New Holland has unveiled a prototype T7 Methane Power tractor that runs on a liquefied version of the gas for longer fill times. The new tractor has four times the fuel capacity of the company's current methane-powered T6, which runs on compressed natural gas (CNG).
Renub Research latest report “Europe Agricultural EquipmentMarket, Equipment (Tractor, Machine parts, Fertilising equipment, Harvesting equipment, Garden and forestry machinery, Livestock equipment, Hay-making equipment, Balers and pick-up balers, Irrigation and crop protection, Agricultural trailers and semi-trailers, and Machines for cleaning and sorting agricultural product), Country (France, Germany, Italy, United Kingdom, Poland, Austria, Netherlands, Finland, Romania, Denmark, Hungary, Portugal, Ireland, Lithuania, Greece, Croatia, Estonia, Latvia, Luxembourg, and Rest of Europe), Companies (John Deere, AGCO, CLAAS KGaA, First Tractor Company Limited, and Kubota Corporation)” provides a detailed analysis of Europe agricultural equipment market.
Equipment – Europe agricultural equipment market has been covered from eleven viewpoints.
1. Tractor
2. Machine parts
3. Fertilizing equipment
4. Harvesting equipment
5. Garden and forestry machinery
6. Livestock equipment
7. Hay-making equipment
8. Balers and pick-up balers
9. Irrigation and crop protection
10. Agricultural trailers and semi-trailers
11. Machines for cleaning and sorting agricultural product
Countries – Europe agricultural equipment market has been covered from twenty viewpoints.
1. France
2. Germany
3. Italy
4. United Kingdom
5. Poland
6. Austria
7. Netherlands
8. Finland
9. Romania
10. Denmark
11. Hungary
12. Portugal
13. Ireland
14. Lithuania
15. Greece
16. Croatia
17. Estonia
18. Latvia
19. Luxembourg
20. Rest of Europe
Company Insights
• Overview
• Recent Development
• Sales Analysis
Company Analysis
1. John Deere
2. AGCO
3. CLAAS KGaA
4. First Tractor Company Limited
5. Kubota Corporation
- 1. Introduction
- 2. Research Methodology
- 3. Executive Summary
- 4. Market Dynamics
- 4.1 Growth Drivers
- 4.2 Challenges
- 5. Europe Agricultural Equipment Market
- 6. Market Share - Europe Agriculture Equipment Analysis
- 6.1 By Equipment Market Share
- 6.2 By Country Market Share
- 7. Machine Parts - Europe Agriculture Equipment Market
- 8. Horsepower - European Agricultural Tractors Market
- 8.1 Agricultural Tractors > 120 hp
- 8.2 Agricultural Tractors 100-120 hp
- 8.3 Agricultural Tractors 80-99 hp
- 8.4 Agricultural Tractors 50-79 hp
- 8.5 Agricultural Tractors <= 49 hp
- 9. Soil Working, Sowing and Fertilizing Equipment Market
- 9.1 Soil Working Equipment (Ploughs, Harrows, Cultivators, etc.)
- 9.2 Sowing Equipment
- 9.3 Mineral or Chemical Fertiliser Spreaders
- 9.4 Manure Spreaders
- 9.5 Other Soil Working or Cultivation Machines, Equipment, Machinery
- 10. European Market of Harvesting Equipment
- 10.1 Combine Harvesters
- 10.2 Self-Propelled Forage Harvesters
- 10.3 Other Harvesting Equipment
- 11. Garden and Forestry Machinery Market
- 11.1 Lawnmowers
- 11.2 Forestry Equipment
- 11.3 Chainsaws
- 11.4 Hedge Trimmers, Lawn Shears, Electric Lawn Edging Shears
- 12. Livestock Equipment Market
- 12.1 Livestock Watering, Feeding and Rearing Equipment
- 12.2 Feed Preparation Machines and Equipment
- 12.3 Milking Machines
- 12.4 Other Livestock Equipment
- 13. Haymaking Equipment Market
- 13.1 Mounted or Trailed
- 13.2 Others Haymaking
- 14. Balers and pick-up balers
- 15. Irrigation and Crop Protection Equipment Market
- 15.1 Sprayers, Mounted or Trailed
- 15.2 Portable Sprayers, with or without Motor
- 15.3 Mechanical Irrigation Systems
- 15.4 Other Crop Protection Sprayers
- 16. Agricultural trailers and semi-trailers Market
- 17. Machines for Cleaning and Sorting Agricultural Products Market
- 18. Country – Europe Agriculture Equipment Market
- 18.1 France
- 18.2 Germany
- 18.3 Italy
- 18.4 United Kingdom
- 18.5 Poland
- 18.6 Austria
- 18.7 Netherlands
- 18.8 Finland
- 18.9 Romania
- 18.10 Denmark
- 18.11 Hungary
- 18.12 Portugal
- 18.13 Ireland
- 18.14 Lithuania
- 18.15 Greece
- 18.16 Croatia
- 18.17 Estonia
- 18.18 Latvia
- 18.19 Luxembourg
- 18.20 Rest of Europe
- 19. Porter’s Five Forces
- 19.1 Bargaining Power of Buyer
- 19.2 Bargaining Power of Supplier
- 19.3 Threat of New Entrants
- 19.4 Rivalry among Existing Competitors
- 19.5 Threat of Substitute Products
- 20. SWOT Analysis
- 20.1 Strengths
- 20.2 Weaknesses
- 20.3 Opportunities
- 20.4 Threats
- 21. Company Analysis
- 21.1 John Deere
- 21.1.1 Overviews
- 21.1.2 Recent Developments
- 21.1.3 SWOT Analysis
- 21.1.4 Revenues
- 21.2 AGCO
- 21.2.1 Overviews
- 21.2.2 Recent Developments
- 21.2.3 SWOT Analysis
- 21.2.4 Revenues
- 21.3 CLAAS KGaA
- 21.3.1 Overviews
- 21.3.2 Recent Developments
- 21.3.3 SWOT Analysis
- 21.3.4 Revenues
- 21.4 First Tractor Company Limited
- 21.4.1 Overviews
- 21.4.2 Recent Developments
- 21.4.3 SWOT Analysis
- 21.4.4 Revenues
- 21.5 Kubota Corporation
- 21.5.1 Overviews
- 21.5.2 Recent Developments
- 21.5.3 SWOT Analysis
- 21.5.4 Revenues
- List of Figures:
- Figure-01: Europe – Agricultural Equipment Market (Billion US$), 2018 – 2022
- Figure-02: Europe – Forecast for Agricultural Equipment Market (Billion US$), 2023 – 2030
- Figure-03: Europe – Agricultural Equipment Machine Parts Market (Billion US$), 2018 – 2022
- Figure-04: Europe – Forecast for Agricultural Equipment Machine Parts Market (Billion US$), 2023 – 2030
- Figure-05: Horsepower – Agricultural Tractors > 120 hp Market (Million US$), 2018 – 2022
- Figure-06: Horsepower – Forecast for Agricultural Tractors > 120 hp Market (Million US$), 2023 – 2030
- Figure-07: Horsepower – Agricultural Tractors 100-120 hp Market (Million US$), 2018 – 2022
- Figure-08: Horsepower – Forecast for Agricultural Tractors 100-120 hp Market (Million US$), 2023 – 2030
- Figure-09: Horsepower – Agricultural Tractors 80-99 hp Market (Million US$), 2018 – 2022
- Figure-10: Horsepower – Forecast for Agricultural Tractors 80-99 hp Market (Million US$), 2023 – 2030
- Figure-11: Horsepower – Agricultural Tractors 50-79 hp Market (Million US$), 2018 – 2022
- Figure-12: Horsepower – Forecast for Agricultural Tractors 50-79 hp Market (Million US$), 2023 – 2030
- Figure-13: Horsepower – Agricultural Tractors <= 49 hp Market (Million US$), 2018 – 2022
- Figure-14: Horsepower – Forecast for Agricultural Tractors <= 49 hp Market (Million US$), 2023 – 2030
- Figure-15: Equipment – Soil Working Equipment (Ploughs, Harrows, Cultivators, etc.) Market (Million US$), 2018 – 2022
- Figure-16: Equipment – Forecast for Soil Working Equipment (Ploughs, Harrows, Cultivators, etc.) Market (Million US$), 2023 – 2030
- Figure-17: Equipment – Sowing Equipment Market (Million US$), 2018 – 2022
- Figure-18: Equipment – Forecast for Sowing Equipment Market (Million US$), 2023 – 2030
- Figure-19: Equipment – Mineral or Chemical Fertiliser Spreaders Market (Million US$), 2018 – 2022
- Figure-20: Equipment – Forecast for Mineral or Chemical Fertiliser Spreaders Market (Million US$), 2023 – 2030
- Figure-21: Equipment – Manure Spreaders Market (Million US$), 2018 – 2022
- Figure-22: Equipment – Forecast for Manure Spreaders Market (Million US$), 2023 – 2030
- Figure-23: Equipment – Other Soil Working or Cultivation Machines, Equipment, Machinery Market (Million US$), 2018 – 2022
- Figure-24: Equipment – Forecast for Other Soil Working or Cultivation Machines, Equipment, Machinery Market (Million US$), 2023 – 2030
- Figure-25: Harvesting Equipment – Combine Harvesters Market (Million US$), 2018 – 2022
- Figure-26: Harvesting Equipment – Forecast for Combine Harvesters Market (Million US$), 2023 – 2030
- Figure-27: Harvesting Equipment – Self-Propelled Forage Harvesters Market (Million US$), 2018 – 2022
- Figure-28: Harvesting Equipment – Forecast for Self-Propelled Forage Harvesters Market (Million US$), 2023 – 2030
- Figure-29: Harvesting Equipment – Other Harvesting Equipment Market (Million US$), 2018 – 2022
- Figure-30: Harvesting Equipment – Forecast for Other Harvesting Equipment Market (Million US$), 2023 – 2030
- Figure-31: Garden and Forestry Machinery – Lawnmowers Market (Million US$), 2018 – 2022
- Figure-32: Garden and Forestry Machinery – Forecast for Lawnmowers Market (Million US$), 2023 – 2030
- Figure-33: Garden and Forestry Machinery – Forestry Equipment Market (Million US$), 2018 – 2022
- Figure-34: Garden and Forestry Machinery – Forecast for Forestry Equipment Market (Million US$), 2023 – 2030
- Figure-35: Garden and Forestry Machinery – Chainsaws Market (Million US$), 2018 – 2022
- Figure-36: Garden and Forestry Machinery – Forecast for Chainsaws Market (Million US$), 2023 – 2030
- Figure-37: Garden and Forestry Machinery – Hedge Trimmers, Lawn Shears, Electric Lawn Edging Shears Market (Million US$), 2018 – 2022
- Figure-38: Garden and Forestry Machinery – Forecast for Hedge Trimmers, Lawn Shears, Electric Lawn Edging Shears Market (Million US$), 2023 – 2030
- Figure-39: European – Livestock Watering, Feeding and Rearing Equipment Market (Million US$), 2018 – 2022
- Figure-40: European – Forecast for Livestock Watering, Feeding and Rearing Equipment Market (Million US$), 2023 – 2030
- Figure-41: European – Feed Preparation Machines and Equipment Market (Million US$), 2018 – 2022
- Figure-42: European – Forecast for Feed Preparation Machines and Equipment Market (Million US$), 2023 – 2030
- Figure-43: European – Milking Machines Market (Million US$), 2018 – 2022
- Figure-44: European – Forecast for Milking Machines Market (Million US$), 2023 – 2030
- Figure-45: European – Other Livestock Equipment Market (Million US$), 2018 – 2022
- Figure-46: European – Forecast for Other Livestock Equipment Market (Million US$), 2023 – 2030
- Figure-47: Haymaking Equipment – Mounted or Trailed Market (Million US$), 2018 – 2022
- Figure-48: Haymaking Equipment – Forecast for Mounted or Trailed Market (Million US$), 2023 – 2030
- Figure-49: Haymaking Equipment – Others Haymaking Market (Million US$), 2018 – 2022
- Figure-50: Haymaking Equipment – Forecast for Others Haymaking Market (Million US$), 2023 – 2030
- Figure-51: Balers and pick-up balers – Balers and pick-up balers Market (Million US$), 2018 – 2022
- Figure-52: Balers and pick-up balers – Forecast for Balers and pick-up balers Market (Million US$), 2023 – 2030
- Figure-53: Irrigation and Crop Protection – Sprayers, Mounted or Trailed Market (Million US$), 2018 – 2022
- Figure-54: Irrigation and Crop Protection – Forecast for Sprayers, Mounted or Trailed Market (Million US$), 2023 – 2030
- Figure-55: Irrigation and Crop Protection – Portable Sprayers, with or without Motor Market (Million US$), 2018 – 2022
- Figure-56: Irrigation and Crop Protection – Forecast for Portable Sprayers, with or without Motor Market (Million US$), 2023 – 2030
- Figure-57: Irrigation and Crop Protection – Mechanical Irrigation Systems Market (Million US$), 2018 – 2022
- Figure-58: Irrigation and Crop Protection – Forecast for Mechanical Irrigation Systems Market (Million US$), 2023 – 2030
- Figure-59: Irrigation and Crop Protection – Other Crop Protection Sprayers Market (Million US$), 2018 – 2022
- Figure-60: Irrigation and Crop Protection – Forecast for Other Crop Protection Sprayers Market (Million US$), 2023 – 2030
- Figure-61: European – Agricultural trailers and semi-trailers Market (Million US$), 2018 – 2022
- Figure-62: European – Forecast for Agricultural trailers and semi-trailers Market (Million US$), 2023 – 2030
- Figure-63: European – Machines for Cleaning and Sorting Agricultural Products Market (Million US$), 2018 – 2022
- Figure-64: European – Forecast for Machines for Cleaning and Sorting Agricultural Products Market (Million US$), 2023 – 2030
- Figure-65: France – Agriculture Equipment Market (Million US$), 2018 – 2022
- Figure-66: France – Forecast for Agriculture Equipment Market (Million US$), 2023 – 2030
- Figure-67: Germany – Agriculture Equipment Market (Million US$), 2018 – 2022
- Figure-68: Germany – Forecast for Agriculture Equipment Market (Million US$), 2023 – 2030
- Figure-69: Italy – Agriculture Equipment Market (Million US$), 2018 – 2022
- Figure-70: Italy – Forecast for Agriculture Equipment Market (Million US$), 2023 – 2030
- Figure-71: United Kingdom – Agriculture Equipment Market (Million US$), 2018 – 2022
- Figure-72: United Kingdom – Forecast for Agriculture Equipment Market (Million US$), 2023 – 2030
- Figure-73: Poland – Agriculture Equipment Market (Million US$), 2018 – 2022
- Figure-74: Poland – Forecast for Agriculture Equipment Market (Million US$), 2023 – 2030
- Figure-75: Austria – Agriculture Equipment Market (Million US$), 2018 – 2022
- Figure-76: Austria – Forecast for Agriculture Equipment Market (Million US$), 2023 – 2030
- Figure-77: Netherlands – Agriculture Equipment Market (Million US$), 2018 – 2022
- Figure-78: Netherlands – Forecast for Agriculture Equipment Market (Million US$), 2023 – 2030
- Figure-79: Finland – Agriculture Equipment Market (Million US$), 2018 – 2022
- Figure-80: Finland – Forecast for Agriculture Equipment Market (Million US$), 2023 – 2030
- Figure-81: Romania – Agriculture Equipment Market (Million US$), 2018 – 2022
- Figure-82: Romania – Forecast for Agriculture Equipment Market (Million US$), 2023 – 2030
- Figure-83: Denmark – Agriculture Equipment Market (Million US$), 2018 – 2022
- Figure-84: Denmark – Forecast for Agriculture Equipment Market (Million US$), 2023 – 2030
- Figure-85: Hungary – Agriculture Equipment Market (Million US$), 2018 – 2022
- Figure-86: Hungary – Forecast for Agriculture Equipment Market (Million US$), 2023 – 2030
- Figure-87: Portugal – Agriculture Equipment Market (Million US$), 2018 – 2022
- Figure-88: Portugal – Forecast for Agriculture Equipment Market (Million US$), 2023 – 2030
- Figure-89: Ireland – Agriculture Equipment Market (Million US$), 2018 – 2022
- Figure-90: Ireland – Forecast for Agriculture Equipment Market (Million US$), 2023 – 2030
- Figure-91: Lithuania – Agriculture Equipment Market (Million US$), 2018 – 2022
- Figure-92: Lithuania – Forecast for Agriculture Equipment Market (Million US$), 2023 – 2030
- Figure-93: Greece – Agriculture Equipment Market (Million US$), 2018 – 2022
- Figure-94: Greece – Forecast for Agriculture Equipment Market (Million US$), 2023 – 2030
- Figure-95: Croatia – Agriculture Equipment Market (Million US$), 2018 – 2022
- Figure-96: Croatia – Forecast for Agriculture Equipment Market (Million US$), 2023 – 2030
- Figure-97: Estonia – Agriculture Equipment Market (Million US$), 2018 – 2022
- Figure-98: Estonia – Forecast for Agriculture Equipment Market (Million US$), 2023 – 2030
- Figure-99: Latvia – Agriculture Equipment Market (Million US$), 2018 – 2022
- Figure-100: Latvia – Forecast for Agriculture Equipment Market (Million US$), 2023 – 2030
- Figure-101: Luxembourg – Agriculture Equipment Market (Million US$), 2018 – 2022
- Figure-102: Luxembourg – Forecast for Agriculture Equipment Market (Million US$), 2023 – 2030
- Figure-103: Rest of Europe – Agriculture Equipment Market (Million US$), 2018 – 2022
- Figure-104: Rest of Europe – Forecast for Agriculture Equipment Market (Million US$), 2023 – 2030
- Figure-105: John Deere – Global Revenue (Million US$), 2018 – 2022
- Figure-106: John Deere – Forecast for Global Revenue (Million US$), 2023 – 2030
- Figure-107: AGCO – Global Revenue (Million US$), 2018 – 2022
- Figure-108: AGCO – Forecast for Global Revenue (Million US$), 2023 – 2030
- Figure-109: CLAAS KGaA – Global Revenue (Million US$), 2018 – 2022
- Figure-110: CLAAS KGaA – Forecast for Global Revenue (Million US$), 2023 – 2030
- Figure-111: First Tractor Company Limited – Global Revenue (Million US$), 2018 – 2022
- Figure-112: First Tractor Company Limited – Forecast for Global Revenue (Million US$), 2023 – 2030
- Figure-113: Kubota Corporation – Global Revenue (Million US$), 2018 – 2022
- Figure-114: Kubota Corporation – Forecast for Global Revenue (Million US$), 2023 – 2030
- List of Tables:
- Table-01: Europe – Agricultural Equipment Market Share (Percent), 2018 – 2022
- Table-02: Europe – Forecast for Agricultural Equipment Market Share (Percent), 2023 – 2030
- Table-03: Europe – Agricultural Equipment Market Share by Country (Percent), 2018 – 2022
- Table-04: Europe – Forecast for Agricultural Equipment Market Share by Country (Percent), 2023 – 2030
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