DUBLIN–(BUSINESS WIRE)–The “Western and Central Europe Agricultural Machinery Market Report: By Type – Latest Trends, Growth Drivers and Growth Forecast Through 2030” report has been added to ResearchAndMarkets.com’s offering.
Driven by the extensive government support for farm mechanization, the Western European agricultural machinery market will grow from an estimated $37,189.4 million in 2021 to $51,758.7 million by 2030, at a 3.4% CAGR between 2021 and 2030.
Similarly, the Central European agricultural machinery market size will increase to $18,853.4 million from an estimated $12,489.2 million, at a 4.3% CAGR.
Because of the rapid urbanization, which is resulting in a reduction in arable land, governments are taking initiatives to help farmers get more from the land they own.
For instance, in France, the government offers $10 billion (EUR 9 billion) to the agrarian community to help them purchase equipment and advanced software that can automate many of the manual agricultural tasks.
Another key reason behind the swift automation of the farming sector is the shortage of laborers, which is resulting in higher wages. For instance, in May 2020, there was a shortage of 200,000; 80,000; and 250,000 farm workers in May 2020 in France, Spain, and Italy, respectively.
The Western and Central European agricultural machinery market is dominated by Germany and the Netherlands, respectively. The revenue in the German market comes from both domestic and international customers since the country is a major exporter of agricultural machines. Similarly, even though agriculture contributes merely around 2% of the Dutch GDP, it is responsible for more than 15% of the country’s exports.
The key players in the Western and Central European agricultural machinery market are CNH Industrial N.V., Deere & Company, CLAAS KGaA mbH, AGCO Corporation, Kubota Corporation, Argo Tractors Spa, Lely Industries N.V., KUHN Group, Yanmar Co. Ltd., and SDF S.p.A. Apart from key food crops, they are introducing enhanced equipment for the producers of cash crops as well, such as grapes.
Key Findings of Western and Central Europe Agricultural Machinery Market Report
Company Profiles
Key Topics Covered:
Chapter 1. Research Background
Chapter 2. Research Methodology
Chapter 3. Executive Summary
Chapter 4. Definition of Market Segments
4.1 Definition of Market Segments
4.1.1 by Type
4.1.1.1 Tractor
4.1.1.1.1 Compact Utility
4.1.1.1.2 Utility
4.1.1.1.3 Row Crop
4.1.1.2 Ploughing and Cultivating
4.1.1.2.1 Plough
4.1.1.2.2 Harrow
4.1.1.2.3 Cultivator and Tiller
4.1.1.2.4 Others
4.1.1.3 Planting
4.1.1.3.1 Seed Drill
4.1.1.3.2 Planter
4.1.1.3.3 Spreader
4.1.1.3.4 Others
4.1.1.4 Harvesting Machinery
4.1.1.4.1 Combine Harvester-Thresher
4.1.1.4.2 Forage Harvester
4.1.1.4.3 Others
4.1.1.5 Haying and Forage
4.1.1.6 Irrigation Machinery
4.1.1.7 Others
Chapter 5. Industry Outlook
5.1 Market Dynamics
5.1.1 Trends
5.1.1.1 Increasing Adoption of Precision Farming
5.1.2 Drivers
5.1.2.1 High Farm Mechanization Rates
5.1.2.2 Rising Preference for Agricultural Machinery
5.1.2.3 Rising Cost of Farm Labor
5.1.2.4 Rise in Technological Advancement
5.1.3 Impact Analysis of Drivers on Market Forecast
5.1.4 Restraints
5.1.4.1 Increasing Demand for Used and Rental Tractors
5.1.4.2 Fluctuating Commodity Prices
5.1.5 Impact Analysis of Restraints on Market Forecast
5.2 Impact of Covid-19
5.3 Porter’s Five Forces Analysis
Chapter 6. Business Model of OEMs
6.1 Introduction
6.2 Business Models
6.2.1 Automating Agriculture
6.2.1.1 Automated Vehicles/Tractors
6.2.1.2 Robots
6.2.1.3 Software
6.2.1.4 Mobile and Web Applications
6.2.2 Precision Farming
Chapter 7. Aftermarket Industry
7.1 Introduction
7.2 Trends Observed in Aftermarket
7.2.1 High Prices of Parts
7.2.2 Electrification Needs Fewer Replacement Parts
7.3 Trade Channels for Wear Parts
7.4 End-Market Price for Equipment’s in Agricultural Aftermarket
7.5 Oems Strategy for Increasing Aftermarket Share
7.6 Disruptive After Sales Business Models
Chapter 8. Western Europe Market Size and Forecast
8.1 Overview
8.1.1 Agricultural Machinery Market Volume, by Type (2015-2030)
8.1.2 Agricultural Machinery Market Revenue, by Type (2015-2030)
8.2 Tractors Market
8.2.1 Market Volume, by Type (2015-2030)
8.2.2 Market Revenue, by Type (2015-2030)
8.3 Ploughing and Cultivating Machineries Market
8.4 Planting Machineries Market
8.5 Harvesting Machineries Market
8.6 by Country
Chapter 9. Central Europe Market Size and Forecast
9.1 Overview
9.1.1 Agricultural Machinery Market Volume, by Type (2015-2030)
9.1.2 Agricultural Machinery Market Revenue, by Type (2015-2030)
9.2 Tractors Market
9.2.1 Market Volume, by Type (2015-2030)
9.2.2 Market Revenue, by Type (2015-2030)
9.3 Ploughing and Cultivating Machineries Market
9.4 Planting Machineries Market
9.5 Harvesting Machineries Market
9.6 Country
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ResearchAndMarkets.com
Laura Wood, Senior Press Manager
[email protected]
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900