Germany Agricultural Machinery Market Outlook
According to a new report by Expert Market Research titled, “Germany Agricultural Machinery Market Trends, Size, Share, Analysis, Report and Forecast 2023-2028″, the Germany agricultural machinery market reached a value of USD 5.64 billion in 2022. Aided by the increasing demand for efficient and sustainable farming practices, coupled with technological advancements, the market is projected to further grow at a CAGR of 3.70% between 2023 and 2028 to reach a value of USD 6.99 billion by 2028.
Agricultural machinery, encompassing a broad range of equipment from tractors to harvesters, plays a pivotal role in enhancing farm productivity, ensuring timely agricultural processes, and reducing manual labour dependency. Germany, with its engineering prowess and a rich farming history, stands at the forefront of developing innovative, durable, and efficient agricultural machinery.
One of the primary Germany agricultural machinery market trends is the country’s emphasis on mechanisation to achieve sustainable agriculture. As German farmers grapple with challenges like changing climatic conditions, decreasing farmlands, and increasing demand for food, the role of machinery that can optimise farm output while ensuring sustainability becomes paramount.
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Moreover, Germany’s reputation as an engineering giant translates to its agricultural machinery sector as well. The presence of several globally recognised machinery manufacturers in the country, known for their innovation, quality, and efficiency, substantially fuels Germany agricultural machinery market growth. Companies like CLAAS and Krone are not just catering to the domestic demand but have a significant export footprint, further strengthening the market position.
In addition to the primary farming equipment, there is a surge in demand for specialised machinery tailored for specific agricultural tasks, from soil preparation to post-harvest processing. This trend is driven by the diversification of German agriculture and the rising complexity of farming operations.
Furthermore, as sustainable farming practices gain traction, machinery that supports conservation agriculture, such as minimum tillage equipment and precision planters, is witnessing heightened demand, propelling the Germany agricultural machinery market expansion. This shift is in line with Germany’s commitment to environmental conservation and its aim to achieve a significant portion of its food production through sustainable means.
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Germany’s focus on smart farming and digitalisation presents a plethora of opportunities as the lines between conventional farming and tech-driven agriculture blur. Therefore, machinery equipped with sensors, AI-driven insights, and remote monitoring capabilities will dominate the scene, fuelling the Germany agricultural machinery market demand.
Germany Agricultural Machinery Market Segmentation
The market can be divided based on tractor horsepower, ploughing, and cultivating machinery, planting machinery, harvesting machinery, haying and forage machinery, irrigation machinery, and application.
Market Breakup by Tractor Horsepower
- Below 40 HP
- 40 to 120 HP
- Above 120 HP
Market Breakup by Ploughing and Cultivating Machinery
- Cultivators and Tillers
Market Breakup by Planting Machinery
- Seed Drills
Market Breakup by Harvesting Machinery
- Combine Harvesters
- Forage Harvesters
Market Breakup by Haying and Forage Machinery
- Mowers and Conditioners
Market Breakup by Irrigation Machinery
- Sprinkler Irrigation
- Drip Irrigation
Market Breakup by Application
- Land Development and Seed Bed Preparation
- Sowing and Planting
- Weed Cultivation
- Plant Protection
- Harvesting and Threshing
- Post-harvest and Agro-Processing
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 machinery 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
- Orbia Advance Corporation S.A.B. (Netafim Ltd.)
- CLAAS KGaA mbH
- KUHN SAS
- DAEDONG KIOTI Europe BV
- CNH Industrial N.V.
- Yanmar Holdings Co., Ltd.
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