European agricultural equipment markets until 2027: Tractor, harvesting, haymaking, tillage, sowing, planting and fertilization, irrigation and crop protection, agricultural trailers, livestock, dairy products, garden machinery
DUBLIN, June 21, 2021– (COMMERCIAL THREAD)–The “Farm Equipment Market in Europe by Segments (Tractor, Harvesting, Haymaking, Tillage, Sowing, Planting and Fertilization, Irrigation and Crop Protection, Farm Trailers, Livestock, Dairy, Garden Machinery), Sub-segments and Forecast , companies “ report was added to ResearchAndMarkets.com offer.
The European agricultural equipment market will reach US $ 75.3 billion by 2027, compared to US $ 49.8 billion in 2020 and grow with a CAGR of 6.08% in 2020-2027.
The well-known economic theory of the agricultural machinery industry is that it is cyclical like agriculture: when the price of agricultural commodities increases, the demand for agricultural machinery tends to increase accordingly. The European Commission has always compared tractors to cars, and tractors and cars belong to the same administrative unit within the Commission. As a result, most EU tractor regulations are derived from regulations originally designed for the automotive sector. The European agricultural equipment market is one of the most developed markets.
The European Association of Agricultural Machinery (CEMA) represents an industry with 7,000 companies spread across the world, many SMEs to multinationals and 150,000 direct employees. They produce a variety of 450 types of machines with an annual turnover of 26 billion euros. This machinery equipment covers any field activity from sowing to harvesting and breeding equipment, helping customers get the most out of their land, protecting the environment while providing economic benefits.
In addition, government administrations across Europe have provided various supports to farmers, such as loans, grants and easy installment plans for the purchase of better farm equipment and other farm machinery. Global initiatives further encourage farmers to increase their productivity and cultivation to meet growing consumer demand for better food products.
Germany Agricultural equipment industry
The German Association of Agricultural Employers (GLFA), most of the seasonal immigrant labor force peaked during harvest times in Germany, has dropped drastically over time. The labor shortage led to the use of tractors in the county.
Factors such as higher productivity through mechanization and lack of manpower have led to the expansion of demand for agricultural equipment in this region. According to the European Agricultural Machinery Association CEMA, around 177,000 tractors registered across Europe in 2018. Of these registrations, 39,784 tractors have less than 50 hp and, therefore, 137,503 more than 50 hp.
Recent developments in the European agricultural equipment industry
World-class technological innovation is at the heart of the European agricultural machinery industry and the global competitiveness of European agriculture.
For example, in April 2021, AGCO Corporation, a global leader in the design, manufacture and distribution of agricultural machinery and precision farming technology, announced a strategic collaboration between its AGCO Parts division and EZ-Drops based in Kirkland, IL. The agreement allows AGCO’s RoGator dealers in North America access only to parts at Y-Logic, a new, high-end nutrient delivery system installed by dealers by EZ-Drops for the RoGator Liquid Logic and existing liquid systems.
In March 2021, Kubota Corporation announced the creation of a new research and development center in Europe in order to globalize its research and development organization. Kubota will accelerate the local development of the agricultural tractor to increase its presence in European and global agricultural markets.
Main topics covered:
2. Research methodology
3. Executive summary
4. Market dynamics
4.1 Growth drivers
5. European market for agricultural equipment
6. European market for agricultural tractors by horsepower
6.1 Agricultural tractors> 120 hp
6.2 Agricultural tractors 100-120 hp
6.3 Farm tractors 80-99 hp
6.4 Agricultural tractors 50-79 HP
6.5 Agricultural tractors
7. European market for harvesting equipment
7.1 Cereal and root harvesting equipment
7.1.1 Self-propelled forage harvesters
7.1.2 Root harvesters
7.1.3 Combine harvesters
7.2 Other harvesting equipment
7.2.2 Other harvesting machines (including harvesters)
8. Haymaking equipment market
8.1 Mounted or trailed mowers
8.2 Other haymaking equipment
9. Tillage equipment market
9.1 Scarifiers and cultivators
9.2 Harrows (tooth, disc)
9.4 Other tillage equipment
10. Seeding, planting and fertilization equipment market
10.1 Organic fertilizer spreaders
10.2 Mineral fertilizer dosers
10.3 Seeders, planters and transplanters
11. Irrigation and crop protection equipment market
11.1 Sprayers, mounted or trailed
11.2 Portable sprayers, with or without motor
11.3 Mechanical irrigation systems
11.4 Other phytosanitary sprayers
12. Agricultural trailers market
13. Breeding equipment market
13.1 Poultry machines
13.2 Machines for the preparation of animal feed
13.3 Other breeding equipment
14. Dairy equipment market
14.1 Milking Machines Market
14.2 Dairy Machinery and Systems Market
15. Garden machinery market
15.1 Lawn Mower Market
15.2 Chainsaw Market
15.3 Market for tillers or tillers
15.4 Forest equipment market
16. Business analysis
For more information on this report, visit https://www.researchandmarkets.com/r/x1pwlr
See the source version on businesswire.com: https://www.businesswire.com/news/home/20210621005594/en/
Laura Wood, Senior Press Director
For EST office hours, call 1-917-300-0470
For USA / CAN call toll free 1-800-526-8630
For GMT office hours, call + 353-1-416-8900