Germany Agricultural Tractor Market Size & Outlook
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Germany agricultural tractor market highlights
- The Germany agricultural tractor market generated a revenue of USD 1,299.2 million in 2023 and is expected to reach USD 2,098.4 million by 2030.
- The Germany market is expected to grow at a CAGR of 7.1% from 2024 to 2030.
- In terms of segment, more than 100 hp was the largest revenue generating engine power in 2023.
- Less than 40 Hp is the most lucrative engine power segment registering the fastest growth during the forecast period.
Agricultural tractor market data book summary
| Market revenue in 2023 | USD 1,299.2 million |
| Market revenue in 2030 | USD 2,098.4 million |
| Growth rate | 7.1% (CAGR from 2024 to 2030) |
| Largest segment | More than 100 hp |
| Fastest growing segment | Less than 40 Hp |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Less than 40 Hp, 41 to 100 Hp, More than 100 Hp |
| Key market players worldwide | AGCO Corp, CNH Industrial NV, Deere & Co, CLAAS, Kubota Corp, Mahindra & Mahindra Ltd DR, International Tractors Ltd, Yanmar, Escorts, Tractors and Farm Equipment |
Other key industry trends
- In terms of revenue, Germany accounted for 1.2% of the global agricultural tractor market in 2023.
- Country-wise, India is expected to lead the global market in terms of revenue in 2030.
- In Europe, France agricultural tractor market is projected to lead the regional market in terms of revenue in 2030.
- France is the fastest growing regional market in Europe and is projected to reach USD 2,361.9 million by 2030.
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Agricultural Tractor Market Scope
Agricultural Tractor Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Tractors and Farm Equipment | View profile | 501-1000 | Chennai, Tamil Nadu, India, Asia | https://www.tafe.com |
| Escorts | View profile | 5001-10000 | Faridabad, Haryana, India, Asia | https://www.escortsgroup.com/ |
| Yanmar | View profile | 1001-5000 | Adairsville, Georgia, United States, North America | http://yanmar.com |
| International Tractors Ltd | View profile | 501-1000 | Hoshiarpur, Punjab, India, Asia | http://www.international.sonalika.com/ |
| CLAAS | View profile | 10001+ | Harsewinkel, Nordrhein-Westfalen, Germany, Europe | https://claas-gruppe.com |
| Kubota Corp | View profile | 65532 | 2-47, Shikitsuhigashi 1-Chome, Naniwa-ku, Osaka, Japan, 556-8601 | http://www.kubota.co.jp |
| Mahindra & Mahindra Ltd DR | View profile | 61874 | Dr. G. M. Bhosale Marg, Mahindra Towers, 5th Floor, Worli, Mumbai, MH, India, 400 018 | https://www.mahindra.com |
| AGCO Corp | View profile | 27900 | 4205 River Green Parkway, Duluth, GA, United States, 30096 | https://www.agcocorp.com |
| CNH Industrial NV | View profile | 40496 | Cranes Farm Road, Basildon, Essex, London, United Kingdom, SS14 3AD | https://www.cnhindustrial.com |
| Deere & Co | View profile | 83000 | One John Deere Place, Moline, IL, United States, 61265 | https://www.deere.com |
Germany agricultural tractor market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to agricultural tractor market will help companies and investors design strategic landscapes.
More than 100 hp was the largest segment with a revenue share of 34.85% in 2023. Horizon Databook has segmented the Germany agricultural tractor market based on less than 40 hp, 41 to 100 hp, more than 100 hp covering the revenue growth of each sub-segment from 2018 to 2030.
Germany is the biggest market in Europe for agricultural tractors. Due to technology's affordability, accessibility, and effectiveness, farmers are increasingly using agricultural mechanization to replace manual labor in agricultural operations.
They are switching to autonomous tractors to save time and resources, which boosts agricultural production and crop yields per acre. As a result, Germany has emerged as one of Europe's producers of agricultural machinery, demonstrating its supremacy in the market for agricultural tractors.
The country has seen an increase in investments in autonomous tractors due to the demand from farmers. Furthermore, Germany is at the forefront of adopting precision farming technologies, which significantly influence the demand for advanced tractors.
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Target buyers of Germany agricultural tractor market databook
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Our clientele includes a mix of agricultural tractor market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Germany agricultural tractor market , including forecasts for subscribers. This country databook contains high-level insights into Germany agricultural tractor market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Germany Engine Power - Agricultural Tractor Market size, 2023 - 2030 (US$M)
Germany Agricultural Tractor Market Outlook Share, 2023 & 2030 (US$M)
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