More than 39,000 tractor units are to be sold by 2028 in France. Precision farming creates lucrative opportunities for vendors

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France agricultural tractor market saw shipments of 29,319 units in 2021 and shipments are expected to reach 39,213 units by 2028.

Chicago, May 16, 2022 (GLOBE NEWSWIRE) — According to Arizton’s latest research report, the French tractor market growing at a CAGR of 4.24% over the period 2022-2028. The growing penetration and adoption of agricultural mechanization practices throughout France has boosted sales of new tractors. Mechanized solutions, such as the Super Straw Management System (SMS) and the expansion of Custom Hiring Centers (CHCs) for stubble management, are major drivers for the growth of the tractor market in France.

FranceScope of the CE Tractors Market Report

Report attributes

Details

MARKET SIZE (VOLUME)

39,213 UNITS (2028)

CAGR

4.24% (2022-2028)

LARGEST SEGMENT BY POWER

LESS THAN 50 HP

LARGEST SEGMENT BY TRAINING TYPE

2 WHEELS DRIVE

LARGEST SEGMENT BY REGION

FRANCE (NORTH)

YEAR OF REFERENCE

2021

HISTORICAL YEAR

2019-2020

FORECAST YEAR

2022-2028

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What is the impact of the adoption of precision agriculture on the tractor market in France?

In recent years, France has experienced rapid population growth. In 2020, France’s population exceeded 67.4 million and is expected to reach 72 million by 2050. The adoption of precision farming methods and smart tractors will continue to be responsible for increasing total yield and tackling the current challenges of water scarcity and reducing net returns. . Smart tractors have the ability to operate innovative machinery and collaborate with the latest agricultural application systems and equipment. Farmers can achieve maximum efficiency for every field outcome with precision farming solutions, which include innovations such as automated placement of the right seed and the right nutrition in the right place at the right time. Moreover, the need for adopting precision farming techniques with smart tractors is high to effectively alleviate food production challenges and increase the net income of farmers.

key ideas

  • In 2020, France was the 2nd largest agricultural tractor market after Germany in the European region, with an overall registration of 26,121 units. The increase in tractor sales and agricultural production resulted from favorable monsoon rains in 2019 and 2020, which helped the country recover from the drought-induced depression in 2017 and the COVID-19 pandemic.

  • With approximately 38% market share, tractors represent the largest segment of agricultural equipment in France. Tractors can rightly be called the backbone of the French agricultural industry.

  • France is the world’s 5th largest exporter of agricultural tractors and tillage machines. Agricultural tractors accounted for 98% of the overall tractor market in France in 2021. In 2020, France exported $2.9 billion worth of tractors.

  • The French machinery and equipment (M&E) industry is the world’s third-largest machinery supplier. Despite the pandemic situation, FDI investments in the machinery and equipment sector have attracted foreign investors.

  • John Deere, New Holland and Fendt dominated the French tractor market with a collective market share of around 50%.

Key offers

  • Market Size and Forecast by Volume | 2022−2028

  • Market Dynamics – Key Trends, Growth Drivers, Restraints and Investment Opportunities

  • Market Segmentation – Power, Drive Type and Area

  • Competitive landscape – 5 key suppliers and 7 other important suppliers

Segmentation analysis

Power

  • Less than 50 HP

  • 50−100 HP

  • 101−150 HP

  • 151−200 HP

  • 201−300 HP

  • 301−400 HP

  • ABOVE 400 HP

Reader type

  • 2 wheel drive

  • 4 wheels driving

Area

Overview of providers

The tractor market in France is strongly consolidated. The companies are focusing on increasing their market share, mainly through acquisitions and R&D investments, as well as optimizing the offer. The threat of rivalry is high in the French agricultural tractor market, with 49.3% market share held by the top players. These players thrive on innovation in the tractor market. They are increasingly investing in the development of advanced agricultural tractor technologies for precision farming and machine automation. Major global players are increasingly investing in developing manufacturing capabilities to meet the demand for low-end HP tractors. Customers regard John Deere as a reliable and powerful brand of tractors.

Main suppliers

  • John Deere

  • CNH Industrial

  • AGCO

  • Kubota

  • TAFE

Other Important Suppliers

Discover our industrial machinery profile to learn more about the industry.

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