Agricultural Machinery Market in Germany by Type and Business- Forecast and Analysis 2022-2026

Published: Mar 2022 Pages: 120 SKU: IRTNTR72703

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.

What will the Agricultural Machinery Market Size in Germany be During the Forecast Period?

Download the Free Report Sample to Unlock the Agricultural Machinery Market Size in Germany for the Forecast Period and Other Important Statistics

 

Agricultural Machinery Market in Germany: Key Drivers, Trends, and Challenges

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.

Parent Market Analysis

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.

Who are the Major Agricultural Machinery Market Vendors in Germany?

The report analyzes the market's competitive landscape and 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
  • Yanmar Holdings Co. Ltd.

 

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.

Product Insights and News

  • 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.

Agricultural Machinery Market in Germany Value Chain Analysis

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:

  • Inputs
  • Inbound logistics
  • Operations
  • Distribution and logistics
  • Marketing and sales
  • Aftermarket and service
  • Industry innovations

The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.

What are the Revenue-generating Type Segments in the Agricultural Machinery Market in Germany?

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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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What are the Key Data Covered in this Agricultural Machinery Market in Germany Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive agricultural machinery market growth in Germany during the next five years
  • Precise estimation of the agricultural machinery market size in Germany and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the agricultural machinery industry in Germany
  • A thorough analysis of the market's competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of agricultural machinery market vendors in Germany

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***1. Executive Summary                        

              **1.1 Market Overview

                             *Exhibit 01:  Key Finding 1

                             *Exhibit 02:  Key Finding 2

                             *Exhibit 03:  Key Finding 5

                             *Exhibit 04:  Key Finding 6

                             *Exhibit 05:  Key Finding 7

***2. Market Landscape            

  **2.1 Market ecosystem            

                             *Exhibit 06  Parent market

                             *Exhibit 07:  Market characteristics

              **2.2 Value Chain Analysis         

                             *Exhibit 08:  Value chain analysis: Agricultural and farm machinery

                             *2.2.1 Inputs

                             *2.2.2 Inbound logistics

                             *2.2.3 Operations

                             *2.2.4 Distribution and logistics

                             *2.2.5 Marketing and sales

                             *2.2.6 Aftermarket and service

***3. Market Sizing                     

              **3.1 Market definition

                             *Exhibit 09:  Offerings of vendors included in the market definition

              **3.2 Market segment analysis 

                             *Exhibit 10:  Market segments

              **3.3 Market size 2021 

              **3.4 Market outlook: Forecast for 2021 - 2026 

                             *3.4.1 Estimating growth rates for emerging and high-growth markets

                             *3.4.2 Estimating growth rates for mature markets

                             *Exhibit 11:  Global - Market size and forecast 2021 - 2026 (GW)

                             *Exhibit 12:  Global market: Year-over-year growth 2021 - 2026 (%)

***4. Five Forces Analysis                        

              **4.1 Five Forces Summary       

                             *Exhibit 13:  Five forces analysis 2021 - 2026

              **4.2 Bargaining power of buyers          

                             *Exhibit 14: Bargaining power of the buyer

              **4.3 Bargaining power of suppliers      

                             *Exhibit 15: Bargaining power of the supplier

              **4.4 Threat of new entrants    

                             *Exhibit 16: Threat of new entrants

              **4.5 Threat of substitutes        

                             *Exhibit 17: Threat of substitutes

              **4.6 Threat of rivalry  

                             *Exhibit 18: Threat of rivalry

              **4.7 Market condition

                             *Exhibit 19: Market condition - Five forces 2021

***5. Market Segmentation by Type                   

              **5.1 Market segments

                             *The segments covered in this chapter are:

  • *Tractors
  • *Harvesting machinery
  • *Haying machinery
  • *Planting and fertilizing machinery
  • *Others

                             *Exhibit 20:  Type - Market share 2021-2026 (%)

              **5.2 Comparison by Type         

                             *Exhibit 21:  Comparison by Type

              **5.3 Tractors - Market size and forecast 2021-2026       

                             *Exhibit 22:  Tractors - Market size and forecast 2021-2026 ($ million)

                             *Exhibit 23:  Tractors - Year-over-year growth 2021-2026 (%)

              **5.4 Harvesting machinery - Market size and forecast 2021-2026             

                             *Exhibit 24:  Harvesting machinery - Market size and forecast 2021-2026 ($ million)

                             *Exhibit 25:  Harvesting machinery - Year-over-year growth 2021-2026 (%)

              **5.5 Haying machinery - Market size and forecast 2021-2026    

                             *Exhibit 26:  Haying machinery - Market size and forecast 2021-2026 ($ million)

                             *Exhibit 27:  Haying machinery - Year-over-year growth 2021-2026 (%)

              **5.6 Planting and fertilizing machinery - Market size and forecast 2021-2026         

                             *Exhibit 28:  Planting and fertilizing machinery - Market size and forecast 2021-2026 ($ million)

                             *Exhibit 29:  Planting and fertilizing machinery - Year-over-year growth 2021-2026 (%)

              **5.7 Others - Market size and forecast 2021-2026         

                             *Exhibit 30:  Others - Market size and forecast 2021-2026 ($ million)

                             *Exhibit 31:  Others - Year-over-year growth 2021-2026 (%)

              **5.8 Market opportunity by Type         

                             *Exhibit 32:  Market opportunity by Type

***6 Market Segmentation by Business             

  **6.1 Market segments

                             *The segments covered in this chapter are:

  • *OEM
  • *Aftersales

                             *Exhibit 33:  End-user - Market share 2021-2026 (%)

              **6.2 Comparison by Business  

                             *Exhibit 34:  Comparison by Business

              **6.3 OEM - Market size and forecast 2021-2026             

                             *Exhibit 35:  OEM - Market size and forecast 2021-2026 ($ million)

                             *Exhibit 36:  OEM - Year-over-year growth 2021-2026 (%)

              **6.4 Aftersales - Market size and forecast 2021-2026    

                             *Exhibit 37:  Aftersales - Market size and forecast 2021-2026 ($ million)

                             *Exhibit 38:  Aftersales - Year-over-year growth 2021-2026 (%)

              **6.5 Market opportunity by Business  

                             *Exhibit 39:  Market opportunity by Business

***7. Customer landscape                       

                             *Technavio’s customer landscape matrix comparing Drivers or price sensitivity, Adoption lifecycle, importance in customer price basket, Adoption rate and Key purchase criteria

              **7.1 Overview

                             *Exhibit 40:  Customer landscape

***8. Drivers, Challenges, and Trends                 

              **8.1 Market drivers     

                             *8.1.1 Increasing farm mechanization

                             *8.1.2 Increasing cost of farm labor

                             *8.1.3 Growing demand for high-capacity machinery

              **8.2 Market challenges             

                             *8.2.1 High costs of agricultural machinery

                             *8.2.2 Volatility of commodity prices

                             *8.2.3 Fluctuating raw material prices

                             *Exhibit 41:  Impact of drivers and challenges

              **8.3 Market trends     

                             *8.3.1 Advent of digitalization and connected technology in the Agriculture Sector

                             *8.3.2 Surging demand for food crops

                             *8.3.3 Increasing agricultural labor cost

 

***9. Vendor Landscape                          

              **9.1 Overview

                             *Exhibit 42:  Vendor landscape

              **9.2 Landscape disruption       

                             *Exhibit 43:  Landscape disruption

                             *Exhibit 44: Industry Risk

***10. Vendor Analysis              

              **10.1 Vendors covered             

                             *Exhibit 45: Vendors covered

              **10.2 Market positioning of vendors   

                             *Exhibit 46: ?Market positioning of vendors?

              **10.3 AGCO Corp.

                             *Exhibit 47:  AGCO Corp. - Overview

                             *Exhibit 48:  AGCO Corp. - Business segments

                             *Exhibit 49:  AGCO Corp.- Key news

                             *Exhibit 50:  AGCO Corp. - Key offerings

                             *Exhibit 51:  AGCO Corp. - Segment focus

              **10.4 Agrale SA            

                             *Exhibit 52:  Agrale SA - Overview

                             *Exhibit 53:  Agrale SA - Product and service

                             *Exhibit 54:  Agrale SA - Key offerings

              **10.5 CLAAS Group     

                             *Exhibit 55:  CLAAS Group - Overview

                             *Exhibit 56:  CLAAS Group - Product and service

                             *Exhibit 57:  CLAAS Group-Key news

                             *Exhibit 58:  CLAAS Group - Key offerings

              **10.6 CNH Industrial NV           

                             *Exhibit 59:  CNH Industrial NV - Overview

                             *Exhibit 60:  CNH Industrial NV - Business segments

                             *Exhibit 61:  CNH Industrial NV - Key offerings

                             *Exhibit 62:  CNH Industrial NV - Segment focus

              **10.7 Deere and Co.   

                             *Exhibit 63:  Deere and Co. - Overview

                             *Exhibit 64:  Deere and Co. - Business segments

                             *Exhibit 65:  Deere and Co. - Key offerings

                             *Exhibit 66:  Deere and Co. - Segment focus

              **10.8 HORSCH Maschinen GmbH         

                             *Exhibit 67:  HORSCH Maschinen GmbH - Overview

                             *Exhibit 68:  HORSCH Maschinen GmbH - Product and service

                             *Exhibit 69:  HORSCH Maschinen GmbH - Key offerings

              **10.9 Kubota Corp.     

                             *Exhibit 70:  Kubota Corp. - Overview

                             *Exhibit 71:  Kubota Corp. - Business segments

                             *Exhibit 72:  Kubota Corp. - Key offerings

                             *Exhibit 73:  Kubota Corp. - Segment focus

              **10.10 Mahindra and Mahindra Ltd.    

                             *Exhibit 74:  Mahindra and Mahindra Ltd. - Overview

                             *Exhibit 75:  Mahindra and Mahindra Ltd. - Business segments

                             *Exhibit 76:  Mahindra and Mahindra Ltd. - Key offerings

                             *Exhibit 77:  Mahindra and Mahindra Ltd. - Segment focus

              **10.11 SDF Spa            

                             *Exhibit 78:  SDF Spa - Overview

                             *Exhibit 79:  SDF Spa - Product and service

                             *Exhibit 80:  SDF Spa - Key offerings

              **10.12 Yanmar Holdings Co. Ltd.           

                             *Exhibit 81:  Yanmar Holdings Co. Ltd. - Overview

                             *Exhibit 82:  Yanmar Holdings Co. Ltd. - Product and service

                             *Exhibit 83:  Yanmar Holdings Co. Ltd. - Key offerings

***11. Appendix                          

              **11.1 Scope of the report        

                             *11.1.1 Market definition           

                             *11.1.2 Objectives         

                             *11.1.3 Notes and caveats

              **11.2 Currency conversion rates for US$           

                             *Exhibit 84:  Currency conversion rates for US$

              **11.3 Research methodology  

                             *Exhibit 85:  Research Methodology

                             *Exhibit 86:  Validation techniques employed for market sizing

                             *Exhibit 87: ??Information sources

              **11.4 List of abbreviations       

                             *Exhibit 88: List of abbreviations

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

INFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases

DATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts

REPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape

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Key Questions Answered

  • What are the key global market and the regional market share?
  • What are the revenue-generating key market segments?
  • What are the key factors driving and challenging this market’s growth?
  • Who are the key market vendors and their growth strategies?
  • What are the latest trends influencing the growth of this market?
  • What are the variables influencing the market growth in the primary regions?
  • What are the factors influencing the growth of the parent market?

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