Europe Wheeled Tractor Machinery Market (2017 - 2022)

Published - Jan 2017 | Category - Agriculture | No. of Pages - 112 | Published By - Mordor Intelligence

Report Highlights

Europe’s wheeled tractor machinery market has been estimated at USD XX.X billion in 2016 and is expected to reach USD XX.X billion by 2021, at a CAGR of 5.6% during the forecast period from 2016 to 2021. Tractors provide the power and traction to automate agricultural jobs, especially tillage. However, the tractor is used in varied tasks even outside agriculture. Agricultural gear is towed behind a tractor, which provides a source of power for the automation of gear. The agricultural usage of tractors is the largest segment in the agricultural machinery sector. Improvement in efficiency and ease of work are the main reasons why tractors are popularly employed by farmers.

Europe’s wheeled tractor market had a bad fall in 2015 but plans have been implemented to get over the slump. Germany has the largest wheeled tractor market in Europe. In Germany, the average size of the tractors sold is 155 HP, with one in every 5 tractors having >200 HP. Italy has a total of EUR 45 million set aside for purchasing agricultural machinery in 2016. The EU market has a significantly high quota in the global wheeled tractor market turnover.

One of the most prominent future developments in Europe is towards precision farming. Precision farming is about accurately managing variations in the field. It has many advantages like increasing productivity, improving sustainability, and gaining profits.

Market Dynamics

The market is driven by the growing demand for food, Europe’s target to increase productivity and sustainability and farmers’ interest in investing in machinery equipment. The high cost of equipment remains an issue even in developed countries, especially on small farms. Specific plans and funds to recover from the 2015 industry slump pose ample opportunities for Europe.   The prospect for Europe’s wheeled tractor machinery market looks optimistic.

Market Segmentation

The market has been segmented based on the wheel tractor type and geography.

Segmentation by wheel tractor type:

Utility tractors

Row crop tractors

Orchard type tractor

Industrial tractor

Garden tractor

Rotary tillers

Implement carrier

Earth moving tractor

On the basis of geography, the market is segmented into Germany, the UK, France, Spain, Italy, and Others.

The major companies in Europe’s wheeled tractor machinery market are:

AGCO tractor

Belarus Tractor

Case IH

Caterpillar Inc.

Claas Tractor

CNH Global NV

Daedong-USA, Inc.

Deere and Company

Deutz-Fahr

Escorts

Farmtrac Tractor Europe

Fendt

Kioti Tractor

Kubota Tractor Corp

Mahindra & Mahindra Ltd.

Massey Ferguson Tractor

McCormick Tractors

SAME Deutz-Fahr

Valtra

 

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