Growth within Europe Agriculture Equipment Market is Driven by Adoption of Mechanization, Government Subsidies and Increase in Agricultural Productivity: Ken Research

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“Increase in Agricultural Productivity coupled with a shortage of labor over the years has led to rising demand for automated machines which would feed the increasing consumer demand for Agriculture related products in the European region.”

Analysts at Ken Research in their latest the publication Europe Agriculture Equipment Market Outlook to 2023 – By Type (Tractors, Harvesting Equipment, Soil Preparation and Cultivation Equipment, Haymaking Equipment, Crop Protection Equipment, Transport, and Handling Equipments and Other Agricultural Equipment); and By Major Countries (Germany, France, Italy, UK, Poland, Spain, and Others)” believe that focusing towards incorporating new and advanced technologies in the machines, sale of high-efficiency combine harvesters, manufacturing fuel-efficient equipment, providing after sales and financial services and focusing towards an extensive distribution network are some of the factors which are collectively going to help the market register a positive CAGR of 4.3% in terms of the sales value of agriculture equipment within Europe during the forecasted period 2019–2023.

Market Demand: Before the year 2016, the Europe Agriculture Equipment Market was growing at a positive rate of growth. During 2016, the market plunged in terms of revenue due to declining commodity prices and a rise in oil prices. Lower commodity prices led to lower farm Income which further led to lesser investment by farmers towards new equipment. European farmers had already started shifting towards Mechanization and therefore, oil prices play a vital role in determining market demand. After witnessing a decline in 2016 in terms of sales of machinery, the market is presently recovering, tracing a slow-moving growth. Major operations are conducted by three types of entities namely, domestic OEMs, international OEMs, and distributors. Major players are focusing on new product launches, higher investment as well as the increased area under precision farming, and continuous improvement in extending after sales services.

Government Support: Gradual recovery in revenue of agriculture, equipment was witnessed in Europe majorly through the support of government and associations such as CEMA i.e. Conveyor Equipment Manufacturers Association / Europe Agriculture Machinery Association in the form of subsidies and loans, stabilization of oil prices and an increase in agricultural productivity.

Market Dominance: International OEMs such as John Deere established itself as a market leader. The dominance of these players is major because of the trust and brand value attached to these players thus, making it difficult for domestic/local manufacturers to establish themselves. The major competing parameters for the entities include access of distribution and dealership network, price of the products offered, after sales services and digitalization in the equipment. The penetration of precision and digital farming has been gaining traction within the European region and is likely to drive the competition in the market in the near future. Europe agricultural equipment market is likely to experience an upward trend in terms of sales volume as well as revenue of agriculture equipment.

Country-wise Dominance: European countries which are major contributors to the sales value include Germany, the UK, France; Poland, Italy and Spain and others. These six countries collectively accounted for more than half of the total Europe agricultural equipment industry revenue during 2018.

Key Segments Covered:-

By Type of Agriculture Equipment

Tractors

>300 HP

250-300 HP

200-250 HP

180-200 HP

150-180 HP

120-150 HP

100-120 HP

80-99 HP

50-79 HP

<= 49 HP

Harvesting Equipment

Self- Propelled Forage Harvester

Root Crop Harvester

Combine Harvester

Other Harvesting Machines (Potato harvesters, Mechanical Forage Harvesters, and Grape harvesters)

Soil Preparation and Cultivation Equipment

Haymaking Equipment

Mounted or Trailed Mowers

Other Haymaking Equipment

Crop Protection Equipment

Sprayers (Mounted or Trailed)

Other Crop Protection Sprayers

Portable Sprayers (With or Without Sprayers)

Transporting and Handling Equipment

Other Agricultural Equipment (Precision agricultural equipment, electronic devices, and IT-related equipment, dairy equipment, livestock equipment, garden machinery, irrigation equipment & parts and accessories of agricultural machinery)

By Countries

Italy

Germany

UK

France

Spain

Poland

Others (Austria, Belgium, Sweden, and Romania)

Key Target Audience

Existing Agricultural Equipment Companies

New Market Entrants- Domestic OEMs

New Market Entrants- Foreign OEMs

Agricultural Equipment Financing Companies

Government Bodies

Investors & Venture Capital Firms

Agricultural Equipment Manufacturers

Agricultural Equipment Distributors

Agricultural Equipment Associations

Time Period Captured in the Report:-

Historical Period: 2013-2018

Forecast Period: 2019-2023

Companies Covered:-

John Deere

AGCO

CNH Industrial

Claas

Kubota

Kuhn

Other Players (Iseki, SLH, Mercedes Benz, Landini, Belarus, Antonio Carraro, JCB Fastrac, Rigitrac, Lindner, Shibaura, Overige, Daedon, Hurlimann, Tumosan, and Ursus)

Keywords:-

Farm Equipment Market Europe

Farm Machinery Market Europe

Tractor Wheel Type Europe

Tractor Major Type Europe

Europe Agriculture Equipment Application Soybean

Tillage Equipment Export and Import in Europe Market

Tractor Financing Market Europe

Europe Farm Equipment Market

Europe Agriculture Machinery Market

UK Agriculture Equipment Market

Major Farm Equipment Manufacturer Europe

Major Farm Equipment Distributor Europe

Major Farm Equipment Importer Europe

Agriculture Equipment Industry Europe

Agriculture Equipment Market Europe

Agriculture Equipment Industry in Europe

Europe Agriculture Equipment Industry

Europe Agriculture Equipment Market Analysis

Europe Agriculture Equipment Market Size

Europe Agriculture Equipment Market Share

Europe Agriculture Equipment Market

For More Information On The Research Report, Refer To Below Link:-

Europe Agriculture Equipment Market

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Ken Research
Ankur Gupta, Head Marketing & Communications
Sales@kenresearch.com

+91-9015378249

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