The Europe Agricultural Tractors Market would witness market growth of 3.4% CAGR during the forecast period (2021-2027).
The agricultural tractor is a power-driven vehicle whose tractive power is determined by engineering functions. Additionally, tractors are now referred to as farm vehicles since they provide the necessary power and traction to automate agricultural operations. Factors such as the increased requirement for productivity and the implementation of smart farming are acting as growth catalysts for the industry. Moreover, market companies can anticipate high revenue from increased demand for precision agriculture equipment. On the other hand, the increase of the tractor rental sector is predicted to stifle market expansion.
Tractor demand is influenced by the country's agricultural activities, which is in turn influenced by monsoons and the minimum support price (MSP). In addition, the demand for agricultural tractors is predicted to rise as the requirement for operational efficiency grows and labor expenses rise. Due to technical developments in the farming and agricultural industry, the agricultural tractor market is gaining traction.
In practically every domain in Europe, technological innovation has gained a high appeal among the masses. Therefore, agriculture is no exception. In Europe, this has resulted in a need for autonomous and electrified tractors. In comparison, agricultural land in countries like Greece, Italy, and Lithuania is larger than in other regions. As a result, demand for agricultural tractors has increased in the region in order to save time. Moreover, the European government is concentrating on raising agricultural production rates.
Agriculture has long been a labor-intensive sector in the European Union, with a higher proportion of seasonal immigrant laborers working on farm fields in member states. However, the region's farm fields are currently experiencing a severe labor shortage. According to the German Association of Agricultural Employers (GLFA), the number of seasonal immigrant laborers in Germany has decreased dramatically in recent years, paving the way for a pilot project model that would allow German farmers to hire workers from Western Balkan nations until 2020.
The Germany market dominated the Europe Agricultural Tractors Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $2,872.5 million by 2027. The UK market is poised to grow at a CAGR of 2.6% during (2021 - 2027). Additionally, The France market would witness a CAGR of 4.2% during (2021 - 2027).
Based on Driveline Type, the market is segmented into Two-wheel Drive, and Four-wheel Drive. Based on Engine Power, the market is segmented into Less than 40 HP, 41 to 100 HP, and More than 100 HP. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Agricultural Tractors Market Size will Hit $81.4 Billion by 2027, at a CAGR of 4.2%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include AGCO Corporation, CNH Industrial N.V., Deere & Company, CLAAS KGaA mbH, Escorts Ltd., International Tractors Ltd., Yanmar Co., Ltd., Kubota Corp., Mahindra & Mahindra Ltd., and Tractors and Farm Equipment Ltd.
Scope of the Study
Market Segments Covered in the Report:
By Driveline Type
- Two-wheel Drive
- Four-wheel Drive
By Engine Power
- Less than 40 HP
- 41 to 100 HP
- More than 100 HP
By Country
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
Key Market Players
List of Companies Profiled in the Report:
- AGCO Corporation
- CNH Industrial N.V.
- Deere & Company
- CLAAS KGaA mbH
- Escorts Ltd.
- International Tractors Ltd.
- Yanmar Co., Ltd.
- Kubota Corp.
- Mahindra & Mahindra Ltd.
- Tractors and Farm Equipment Ltd.
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Europe Agricultural Tractors Market, by Driveline Type
1.4.2 Europe Agricultural Tractors Market, by Engine Power
1.4.3 Europe Agricultural Tractors Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 KBV Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Acquisition and Mergers
3.3 Top Winning Strategies
3.3.1 Key Leading Strategies: Percentage Distribution (2017-2022)
3.3.2 Key Strategic Move: (Product Launches and Product Expansions : 2018, Sep – 2022, Feb) Leading Players
Chapter 4. Europe Agricultural Tractors Market by Driveline Type
4.1 Europe Two-wheel Drive Market by Country
4.2 Europe Four-wheel Drive Market by Country
Chapter 5. Europe Agricultural Tractors Market by Engine Power
5.1 Europe Less than 40 HP Market by Country
5.2 Europe 41 to 100 HP Market by Country
5.3 Europe More than 100 HP Market by Country
Chapter 6. Europe Agricultural Tractors Market by Country
6.1 Germany Agricultural Tractors Market
6.1.1 Germany Agricultural Tractors Market by Driveline Type
6.1.2 Germany Agricultural Tractors Market by Engine Power
6.2 UK Agricultural Tractors Market
6.2.1 UK Agricultural Tractors Market by Driveline Type
6.2.2 UK Agricultural Tractors Market by Engine Power
6.3 France Agricultural Tractors Market
6.3.1 France Agricultural Tractors Market by Driveline Type
6.3.2 France Agricultural Tractors Market by Engine Power
6.4 Russia Agricultural Tractors Market
6.4.1 Russia Agricultural Tractors Market by Driveline Type
6.4.2 Russia Agricultural Tractors Market by Engine Power
6.5 Spain Agricultural Tractors Market
6.5.1 Spain Agricultural Tractors Market by Driveline Type
6.5.2 Spain Agricultural Tractors Market by Engine Power
6.6 Italy Agricultural Tractors Market
6.6.1 Italy Agricultural Tractors Market by Driveline Type
6.6.2 Italy Agricultural Tractors Market by Engine Power
6.7 Rest of Europe Agricultural Tractors Market
6.7.1 Rest of Europe Agricultural Tractors Market by Driveline Type
6.7.2 Rest of Europe Agricultural Tractors Market by Engine Power
Chapter 7. Company Profiles
7.1 AGCO Corporation
7.1.1 Company Overview
7.1.2 Financial Analysis
7.1.3 Regional Analysis
7.1.4 Recent strategies and developments:
7.1.4.1 Partnerships, Collaborations, and Agreements:
7.1.4.2 Product Launches and Product Expansions:
7.1.4.3 Acquisition and Mergers:
7.2 Mahindra & Mahindra Limited (Mahindra Group)
7.2.1 Company Overview
7.2.2 Financial Analysis
7.2.3 Segmental and Regional Analysis
7.2.4 Research & Development Expense
7.2.5 Recent strategies and developments:
7.2.5.1 Collaborations, Partnerships and Agreements:
7.2.5.2 Product Launches and Product Expansions:
7.3 CNH Industrial N.V.
7.3.1 Company Overview
7.3.2 Financial Analysis
7.3.3 Segmental and Regional Analysis
7.3.4 Research & Development Expenses
7.3.5 Recent strategies and developments:
7.3.5.1 Partnerships, Collaborations, and Agreements:
7.3.5.2 Product Launches and Product Expansions:
7.3.5.3 Acquisition and Mergers:
7.4 Deere & Company
7.4.1 Company Overview
7.4.2 Financial Analysis
7.4.3 Segmental and Regional Analysis
7.4.4 Research & Development Expenses
7.4.5 Recent strategies and developments:
7.4.5.1 Product Launches and Product Expansions:
7.4.5.2 Acquisition and Mergers:
7.5 Claas KGaA mbH
7.5.1 Company Overview
7.5.2 Financial Analysis
7.5.3 Regional Analysis
7.5.4 Research & Development Expenses
7.5.5 Recent strategies and developments:
7.5.5.1 Partnerships, Collaborations, and Agreements:
7.5.5.2 Product Launches and Product Expansions:
7.6 Escorts Limited
7.6.1 Company Overview
7.6.2 Financial Analysis
7.6.3 Segmental and Regional Analysis
7.6.4 Research & Development Expenses
7.6.5 Recent strategies and developments:
7.6.5.1 Partnerships, Collaborations, and Agreements:
7.6.5.2 Product Launches and Product Expansions:
7.7 International Tractors Limited
7.7.1 Company Overview
7.7.2 Recent strategies and developments:
7.7.2.1 Partnerships, Collaborations, and Agreements:
7.7.2.2 Product Launches and Product Expansions:
7.8 Yanmar Holdings Co., Ltd.
7.8.1 Company Overview
7.9 KUBOTA Corporation
7.9.1 Company Overview
7.9.2 Financial Analysis
7.9.3 Segmental and Regional Analysis
7.9.4 Research & Development Expenses
7.10. Tractors and Farm Equipment Limited
7.10.1 Company Overview
7.10.2 Recent strategies and developments:
7.10.2.1 Product Launches and Product Expansions:
7.10.2.2 Acquisition and Mergers:
TABLE 1 Europe Agricultural Tractors Market, 2017 - 2020, USD Million
TABLE 2 Europe Agricultural Tractors Market, 2021 - 2027, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– Agricultural Tractors Market
TABLE 4 Product Launches And Product Expansions– Agricultural Tractors Market
TABLE 5 Acquisition and Mergers– Agricultural Tractors Market
TABLE 6 Europe Agricultural Tractors Market by Driveline Type, 2017 - 2020, USD Million
TABLE 7 Europe Agricultural Tractors Market by Driveline Type, 2021 - 2027, USD Million
TABLE 8 Europe Two-wheel Drive Market by Country, 2017 - 2020, USD Million
TABLE 9 Europe Two-wheel Drive Market by Country, 2021 - 2027, USD Million
TABLE 10 Europe Four-wheel Drive Market by Country, 2017 - 2020, USD Million
TABLE 11 Europe Four-wheel Drive Market by Country, 2021 - 2027, USD Million
TABLE 12 Europe Agricultural Tractors Market by Engine Power, 2017 - 2020, USD Million
TABLE 13 Europe Agricultural Tractors Market by Engine Power, 2021 - 2027, USD Million
TABLE 14 Europe Less than 40 HP Market by Country, 2017 - 2020, USD Million
TABLE 15 Europe Less than 40 HP Market by Country, 2021 - 2027, USD Million
TABLE 16 Europe 41 to 100 HP Market by Country, 2017 - 2020, USD Million
TABLE 17 Europe 41 to 100 HP Market by Country, 2021 - 2027, USD Million
TABLE 18 Europe More than 100 HP Market by Country, 2017 - 2020, USD Million
TABLE 19 Europe More than 100 HP Market by Country, 2021 - 2027, USD Million
TABLE 20 Europe Agricultural Tractors Market by Country, 2017 - 2020, USD Million
TABLE 21 Europe Agricultural Tractors Market by Country, 2021 - 2027, USD Million
TABLE 22 Germany Agricultural Tractors Market, 2017 - 2020, USD Million
TABLE 23 Germany Agricultural Tractors Market, 2021 - 2027, USD Million
TABLE 24 Germany Agricultural Tractors Market by Driveline Type, 2017 - 2020, USD Million
TABLE 25 Germany Agricultural Tractors Market by Driveline Type, 2021 - 2027, USD Million
TABLE 26 Germany Agricultural Tractors Market by Engine Power, 2017 - 2020, USD Million
TABLE 27 Germany Agricultural Tractors Market by Engine Power, 2021 - 2027, USD Million
TABLE 28 UK Agricultural Tractors Market, 2017 - 2020, USD Million
TABLE 29 UK Agricultural Tractors Market, 2021 - 2027, USD Million
TABLE 30 UK Agricultural Tractors Market by Driveline Type, 2017 - 2020, USD Million
TABLE 31 UK Agricultural Tractors Market by Driveline Type, 2021 - 2027, USD Million
TABLE 32 UK Agricultural Tractors Market by Engine Power, 2017 - 2020, USD Million
TABLE 33 UK Agricultural Tractors Market by Engine Power, 2021 - 2027, USD Million
TABLE 34 France Agricultural Tractors Market, 2017 - 2020, USD Million
TABLE 35 France Agricultural Tractors Market, 2021 - 2027, USD Million
TABLE 36 France Agricultural Tractors Market by Driveline Type, 2017 - 2020, USD Million
TABLE 37 France Agricultural Tractors Market by Driveline Type, 2021 - 2027, USD Million
TABLE 38 France Agricultural Tractors Market by Engine Power, 2017 - 2020, USD Million
TABLE 39 France Agricultural Tractors Market by Engine Power, 2021 - 2027, USD Million
TABLE 40 Russia Agricultural Tractors Market, 2017 - 2020, USD Million
TABLE 41 Russia Agricultural Tractors Market, 2021 - 2027, USD Million
TABLE 42 Russia Agricultural Tractors Market by Driveline Type, 2017 - 2020, USD Million
TABLE 43 Russia Agricultural Tractors Market by Driveline Type, 2021 - 2027, USD Million
TABLE 44 Russia Agricultural Tractors Market by Engine Power, 2017 - 2020, USD Million
TABLE 45 Russia Agricultural Tractors Market by Engine Power, 2021 - 2027, USD Million
TABLE 46 Spain Agricultural Tractors Market, 2017 - 2020, USD Million
TABLE 47 Spain Agricultural Tractors Market, 2021 - 2027, USD Million
TABLE 48 Spain Agricultural Tractors Market by Driveline Type, 2017 - 2020, USD Million
TABLE 49 Spain Agricultural Tractors Market by Driveline Type, 2021 - 2027, USD Million
TABLE 50 Spain Agricultural Tractors Market by Engine Power, 2017 - 2020, USD Million
TABLE 51 Spain Agricultural Tractors Market by Engine Power, 2021 - 2027, USD Million
TABLE 52 Italy Agricultural Tractors Market, 2017 - 2020, USD Million
TABLE 53 Italy Agricultural Tractors Market, 2021 - 2027, USD Million
TABLE 54 Italy Agricultural Tractors Market by Driveline Type, 2017 - 2020, USD Million
TABLE 55 Italy Agricultural Tractors Market by Driveline Type, 2021 - 2027, USD Million
TABLE 56 Italy Agricultural Tractors Market by Engine Power, 2017 - 2020, USD Million
TABLE 57 Italy Agricultural Tractors Market by Engine Power, 2021 - 2027, USD Million
TABLE 58 Rest of Europe Agricultural Tractors Market, 2017 - 2020, USD Million
TABLE 59 Rest of Europe Agricultural Tractors Market, 2021 - 2027, USD Million
TABLE 60 Rest of Europe Agricultural Tractors Market by Driveline Type, 2017 - 2020, USD Million
TABLE 61 Rest of Europe Agricultural Tractors Market by Driveline Type, 2021 - 2027, USD Million
TABLE 62 Rest of Europe Agricultural Tractors Market by Engine Power, 2017 - 2020, USD Million
TABLE 63 Rest of Europe Agricultural Tractors Market by Engine Power, 2021 - 2027, USD Million
TABLE 64 Key Information – AGCO Corporation
TABLE 65 key Information – Mahindra & Mahindra Limited
TABLE 66 Key Information – CNH Industrial N.V.
TABLE 67 Key Information – Deere & Company
TABLE 68 Key Information – Claas KGaA mbH
TABLE 69 Key Information – Escorts Limited
TABLE 70 Key Information – International tractors limited
TABLE 71 Key Information – Yanmar Holdings Co., Ltd.
TABLE 72 Key Information – KUBOTA Corporation
TABLE 73 Key Information – Tractors and Farm Equipment Limited
List of Figures
FIG 1 Methodology for the research
FIG 2 KBV Cardinal Matrix
FIG 3 Key Leading Strategies: Percentage Distribution (2017-2022)
FIG 4 Key Strategic Move: (Product Launches and Product Expansions : 2018, Sep – 2022, Feb) Leading Players
FIG 5 Recent strategies and developments: AGCO Corporation
FIG 6 Recent strategies and developments: Mahindra & Mahindra Limited
FIG 7 Recent strategies and developments: CNH Industrial N.V.
FIG 8 Recent strategies and developments: Deere & Company
FIG 9 Recent strategies and developments: Claas KGaA mbH
FIG 10 Recent strategies and developments: Escorts Ltd.
FIG 11 Recent strategies and developments: International Tractors Ltd.
FIG 12 Recent strategies and developments: Tractors and Farm Equipment Ltd.