Germany Agricultural Tractor Market Outlook
According to a new report by Expert Market Research titled, “Germany Agricultural Tractor Market Share, Size, Trends, Analysis, Report and Forecast 2023-2028″, the Germany agricultural tractor market reached approximately 32.67 thousand units in 2022. Aided by increasing mechanisation of agricultural activities and the rising demand for enhanced farm productivity, the market is projected to further grow at a CAGR of 5.20% between 2023 and 2028 to reach a value of 44.12 thousand units by 2028.
Agricultural tractors, key players in the modernisation of farming activities, are pivotal in enhancing agricultural production rates and reducing manual labour. They play a central role in various agricultural tasks such as ploughing, tilling, and planting. The continuous technological advancements in tractors, including GPS technology, automation, and data analytics, have augmented their efficiency, thereby making them indispensable assets in the German agricultural scenario.
One of the pivotal drivers for the impressive Germany agricultural tractor market growth trajectory is the escalating need for food products induced by the country’s growing population. With the increasing demand for food and other agricultural products, farmers are constantly on the lookout for efficient methods and tools to augment their yield. This has invariably led to the enhanced adoption of agricultural tractors, which offer the dual benefits of increased productivity and decreased manual labour.
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Germany, known for its technological prowess and innovation, has seen a steady surge in the adoption of advanced tractor technologies, propelling the Germany agricultural tractor market expansion. Manufacturers are continually integrating smart solutions, from advanced telematics to AI-driven analytics, to ensure optimal utilisation of resources and maximum crop yield. As German farmers become increasingly tech-savvy, their willingness to invest in technologically superior tractors has witnessed a considerable uptick.
Moreover, government initiatives promoting agricultural mechanisation have given a substantial boost to Germany agricultural tractor market demand. These initiatives, aimed at ensuring food security and promoting sustainable farming practices, have facilitated the accessibility and affordability of tractors for local farmers. Additionally, the emphasis on sustainable and environmentally friendly farming practices has led to the development and adoption of tractors with reduced emissions and enhanced fuel efficiency.
The continuous efforts in research and development by major tractor manufacturers in Germany, such as John Deere, Fendt, and Claas, are expected to churn out innovations towards the production of compact and more affordable tractor models, suitable for both small and large-scale farming also fuels the Germany agricultural tractor market growth.
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Germany Agricultural Tractor Market Segmentation
The market can be divided based on type, horsepower, drive type, and propulsion.
Market Breakup by Type
- Orchard Tractors
- Row Crop Tractors
- Others
Market Breakup by Horsepower
- Lesser than 40 HP
- 40 HP to 99 HP
- 100 HP to 150 HP
- 151 HP to 200 HP
- 201 HP to 270 HP
- 271 HP to 350 HP
- Greater than 350 HP
Market Breakup by Drive Type
- 2 Wheel Drive
- 4 Wheel Drive
Market Breakup by Propulsion
- Internal Combustion Engine
- Electric and Hybrid
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the Germany agricultural tractor market. Some of the major players explored in the report by Expert Market Research are as follows:
- Mahindra & Mahindra Ltd.
- AGCO Corporation (Fendt)
- Kubota Corporation
- Deere & Company
- CLAAS KGaA mbH
- KUHN SAS
- DAEDONG KIOTI Europe BV
- CNH Industrial N.V.
- Yanmar Holdings Co., Ltd.
- SDF S.p.A (DEUTZ-FAHR)
- Others
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