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The agricultural machinery market share in Germany is expected to increase by USD 679.51 million from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 3.59%.
This agricultural machinery market in Germany research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers agricultural machinery market segmentation in Germany by type (tractors, harvesting machinery, haying machinery, planting and fertilizing machinery, and others) and business (OEM and aftersales). The agricultural machinery market in Germany report also offers information on several market vendors, including AGCO Corp., Agrale SA, CLAAS Group, CNH Industrial NV, Deere and Co., HORSCH Maschinen GmbH, Kubota Corp., Mahindra and Mahindra Ltd., SDF Spa, and Yanmar Holdings Co. Ltd. among others.
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The increasing farm mechanization is notably driving the agricultural machinery market growth in Germany, although factors such as high costs of agricultural machinery may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the agricultural machinery industry in Germany. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Agricultural Machinery Market Driver in Germany
One of the key factors driving growth in the agricultural machinery market in Germany is the increasing farm mechanization. Germany, recognized for its engineering prowess, is putting its technical expertise to work in the agriculture industry. Germany has developed a very well-trained and skilled staff to handle its state-of-the-art agricultural machinery, which allows for the employment of top technology in crop fields. In 2021, Germany was one of the top five importers of agricultural machinery from the US. German farmers also receive an annual payment from the European Union for their farm investments. As a result, they are able to invest in sophisticated machinery that would otherwise be prohibitively expensive. The aforementioned elements significantly impact the agricultural machinery market in the country. The increasing farm investments are expected to drive the growth of the market during the forecast period.
Key Agricultural Machinery Market Trend in Germany
The advent of digitalization and connected technology in the Agriculture Sector is another factor supporting the agricultural machinery market share growth in Germany. In agriculture, artificial intelligence (AI) has brought in a revolution. This technology has protected crop yields against various factors such as climate change, population increase, labor issues, and food security concerns. Sensors and other means incorporated in robots and drones are used in many AI applications in agriculture, such as irrigation, weeding, and spraying. These technologies save the excess use of water, pesticides, herbicides, maintain the fertility of the soil, help in the efficient use of the workforce, increase productivity, and improve quality. AI-based technologies help to improve efficiency in all domains and manage the issues faced by numerous businesses, including the various fields of the agriculture sector, such as crop yield, irrigation, soil content sensing, crop- monitoring, weeding, and crop establishment. Digitalization of the sector will significantly alter the nature of work and the demand for labor and skills contributing to the growth of the market during the forecast period.
Key Agricultural Machinery Market Challenge in Germany
The high costs of agricultural machinery will be a major challenge for the agricultural machinery market in Germany during the forecast period. Machinery and equipment are major cost items in farm businesses. Larger machines, new technology, higher prices for parts and new machinery, and higher energy prices have increased the price of machinery and power in recent years. New machinery prices have been rising around 4% per year for at least the last decade. For instance, in 2020, $9.8 billion of production-related agricultural expenditure could be traced back to animal feed. $7.2 billion were spent on tractors and other agricultural machines, while repairs and maintenance cost $4.7 billion. Hence, these factors may hinder the potential growth of the market.
This agricultural machinery market in Germany analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Technavio categorizes the agricultural machinery market in Germany as a part of the global agricultural and farm machinery market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the agricultural machinery market in Germany during the forecast period.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
This statistical study of the agricultural machinery market in Germany encompasses successful business strategies deployed by the key vendors. The agricultural machinery market in Germany is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.
AGCO Corp. - The company offers a more comprehensive range of machines and equipment such as Challenger that is high-performance, reliable and intelligent machinery providing unmatched productivity.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The agricultural machinery market in Germany forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the agricultural machinery market in Germany, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
The value chain of the agricultural and farm machinery market includes the following core components:
The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.
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The agricultural machinery market share growth in Germany by the tractors segment will be significant during the forecast period. Some vendors are also focusing on collaboration to optimize and automate crop production. For instance, in March 2021, Yanmar concluded a master dealer agreement with compact tractor and machinery company Wassenberg GmbH, for the sales and service of the YANMAR YT and SA 22-60 HP compact tractor series in Germany. The move will expand Yanmar's agricultural activities in Germany, making the company's tractors, service and spare parts available through Wassenberg as well as Yanmar's current dealer network. Such collaborations may positively impact the growth of the segment during the forecast period.
This report provides an accurate prediction of the contribution of all the segments to the growth of the agricultural machinery market size in Germany and actionable market insights on post COVID-19 impact on each segment.
Agricultural Machinery Market Scope in Germany |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Accelerate at a CAGR of 3.59% |
Market growth 2022-2026 |
$ 679.51 million |
Market structure |
Fragmented |
YoY growth (%) |
3.25 |
Regional analysis |
Germany |
Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
Key companies profiled |
AGCO Corp., Agrale SA, CLAAS Group, CNH Industrial NV, Deere and Co., HORSCH Maschinen GmbH, Kubota Corp., Mahindra and Mahindra Ltd., SDF Spa, and Yanmar Holdings Co. Ltd. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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