Germany Wheeled Tractor Machinery Market (2017 - 2022)

Published - Jan 2017 | Category - Agriculture | No. of Pages - 73 | Published By - Mordor Intelligence

Report Highlights

Germany’s wheeled tractor machinery market is currently worth USD X.X billion and is expected to grow at a CAGR of 6.8% 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 implements are towed behind a tractor, which then provides a source of power for the mechanization of implements. The agricultural usage of tractors is the largest segment in the agricultural machinery sector. Improvement in efficiency is one of the reasons why tractors are popularly employed by farmers. Agriculture is one of the major industries in the Germany. More than 40% of Germany’s land  is agricultural area.

Market Dynamics

Germany is one of the largest markets for agricultural machinery and for wheeled tractors. One of the major drivers of the market is the growing demand for agricultural products, which fuels the need for increasing yield and productivity. In addition, energy-efficient machinery, along with optimized components and systems like that of electric motor systems and pumps, has a decisive role to play in complying with climate protection and cost-saving goals in the Germany agricultural machinery market. Opportunities lie in providing technological equipment since research is comprehensive in the country and developments are happening at a fast rate.

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

The major companies in Germany’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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