New York, April 19, 2022 (GLOBE NEWSWIRE) — Reportlinker.com announces the publication of the report “Germany Tractor Market – Industry Analysis & Forecast 2022-2028” – https://www.reportlinker.com/p06268707/?utm_source=GNW
It covers a detailed overview of several market growth catalysts, restraints, and trends. The report presents both the demand and supply sides of the market. It profiles and reviews the leading companies and other eminent ones operating in the market.

The German Agricultural Tractor Market is expected to grow at a CAGR of 5.10% during the period 2022-2028

HIGHLIGHTS

– The German agricultural tractor market is expected to grow significantly at a CAGR of 5.10% (in volume) during the forecast period 2021-2028. The 2WD segment accounted for more than 85% of the overall tractor market. The 50-100 HP segment accounting for the largest market share is expected to grow at a CAGR of 5.04% (in volume) during the forecast period.

– Germany is the largest tractor market in Europe. The two largest agricultural tractor markets in Europe – Germany and France, accounting for nearly four out of every 10 agricultural tractors registered in Europe. Agricultural tractors accounted for 93% of the entire German tractor market in 2021.

– With a share of around 80%, tractors are the largest agricultural equipment segment in Germany in terms of sales. Moreover, in terms of unit sales, Germany is the largest exporter of tractors across Europe. The number of tractors manufactured in Germany represents more than two thirds of the total number of tractors manufactured in Europe.

– The German economy achieved excellent growth in 2021, and the growth rate should be maintained in 2023, supported by the increase in the employment rate and a monetary policy stance that will continue to support domestic demand. Therefore, 2022 should see a healthy 4.5% increase in real GDP growth.

– German government programs and initiatives to facilitate credit and improve agriculture-related operations are key drivers contributing to the growth of the overall value chain in the German agricultural sector.

– Germany spent $1.4 billion of its official development assistance (ODA) on agriculture in 2021, making it the top donor to the Organization for Economic Co-operation and Development (OECD) and the Development Assistance Committee (DAC) for agriculture in real terms.

– Agriculture was one of the strategic priorities of former German Development Minister Gerd Muller, who launched “ONE WORLD – No Hunger”, a special initiative on food and nutrition security as well as rural development in 2014, which will most likely be carried forward in this legislature (2021-2025) under the new Minister for Development Svenja Schulze.

MARKET OPPORTUNITIES AND TRENDS

• Technological advances in tractors
• Develop agricultural mechanization to reduce labor

MARKET GROWTH FACTORS

• Financial support to farmers through loans and grants
• Increase in the size of agricultural land

GERMANY TRACTOR MARKET SEGMENTATION
Tractors are the most profitable segment of agricultural equipment in Germany, accounting for almost 80% of total sales. In addition, Germany is the leading exporter of tractors in Europe in terms of unit sales. German-made tractors account for more than two-thirds of all tractors produced in Europe.

Segmentation by power

• Less than 50 HP
• 50-100 HP
• 101-150 HP
• Above 150 HP

Segmentation by reader type

• 2 wheel drive
• 4 wheels driving

Segmentation by area

• Area I
• Area II
• Area III
• Area IV

VENDOR LANDSCAPE

Major players in the German agricultural tractor market are John Deere, CNH Industrial, AGCO, TAFE and Kubota. In terms of units sold, John Deere and Fendt are the market leaders which accounted for more than 40% of the overall German agricultural tractor market in 2021, and in terms of exports, Fendt emerges as the largest exporter of tractors manufactured in Germany. Germany, it is the largest manufacturer and seller in Germany.

Main suppliers

• John Deere
• CNH
• AGCO
• Kubota
• TAFE

Other Important Suppliers

• MSDS
• Action Building Equipment (ACE)
• Iseki
• Deutz-Fahr
• Mahindra and Mahindra
• Yanmar
• Escorts

THE REPORT INCLUDES:

1. Germany Tractor Market analysis provides the market size and growth rate for the forecast period 2022-2028.
2. It offers comprehensive insights on current industry trends, trend forecasts and growth drivers for Germany Tractors Market.
3. The report provides the latest analysis of market share, growth drivers, challenges and investment opportunities.
4. It offers a comprehensive overview of market segments and regional outlook of Germany Tractor Market.
5. The report offers a detailed overview of the vendor landscape, competitive analysis, and critical market strategies to gain competitive advantage.
Read the full report: https://www.reportlinker.com/p06268707/?utm_source=GNW

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