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Germany Agricultural Machinery Market Size (2024 - 2029)

The market size of the German agricultural machinery sector is significant, driven by the country's status as a leading manufacturer and consumer in Europe. This market is bolstered by Germany's position as a major exporter and a top destination for foreign direct investments in agricultural machinery. The preference for German machinery globally is attributed to its precision and innovative engineering. As farmers increasingly adopt mechanization for efficiency and cost-effectiveness, the demand for tractors and other agricultural equipment continues to rise, contributing to the market's growth.

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Market Size of Germany Agricultural Machinery Industry

Germany Agricultural Machinery Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
Market Size (2024) USD 9.60 Billion
Market Size (2029) USD 11.5 Billion
CAGR (2024 - 2029) 3.10 %
Market Concentration High

Major Players

Germany Agricultural Machinery Market Major Players

*Disclaimer: Major Players sorted in no particular order

Germany Farm Equipment Market Analysis

The Germany Agricultural Machinery Market size is estimated at USD 9.60 billion in 2024, and is expected to reach USD 11.5 billion by 2029, at a CAGR of 3.10% during the forecast period (2024-2029).

The farm equipment market in Germany has experienced steady growth, fueled by technological advancements, productivity demands, and supportive policies. Throughout the study period, agricultural land in Germany has been on the decline. For instance, Statistisches Bundesamt noted a decrease from 16.6 million hectares in 2022 to 16.5 million hectares in 2023. This reduction in agricultural land drives the need for higher productivity, thereby boosting market growth.

German farmers benefit from annual subsidies provided by the European Union, which help offset the high costs of modern machinery and enhance farm operation efficiency. According to the EU's agricultural policy, farmers receive a subsidy of 300 Euros (approximately USD 315.4) per hectare. In the 2022 EU budget year, a study by the German Economic Institute found that nearly 270,000 farms in Germany received about 6.9 billion euros. Diesel subsidies account for 5% of the total subsidies granted to German farmers. Thus, the need for increased productivity, combined with growing export potential and available subsidies, propels market growth.

Germany Farm Equipment Industry Segmentation

Agricultural machinery is defined as machinery used in farming and other agricultural activities such as plowing, planting, harvesting, irrigation, mowing etc. The German agricultural Machinery market is Segmented by Type (Tractors, Plowing and Cultivating Machinery, Planting Machinery, Harvesting Machinery, Haying and Forage Machinery, Sprayers, Irrigation Machinery, and Other Types). The report offers the market size in value terms in USD for all the abovementioned segments. 

Type
Tractors
Horse Power
Less than 40 HP
40 to 100 HP
101 to 150 HP
Above 150 HP
Type
Compact Utility Tractors
Utility Tractors
Row Crop Tractors
Plowing and Cultivating Machinery
Plows
Harrows
Cultivators and Tillers
Other Plowing and Cultivating Machinery
Planting Machinery
Seed Drills
Planters
Spreaders
Other Planting Machinery
Harvesting Machinery
Combine Harvesters
Forage Harvesters
Other Harvesting Machinery
Haying and Forage Machinery
Mowers
Balers
Other Haying and Forage Machinery
Irrigation Machinery
Sprinkler Irrigation
Drip Irrigation
Other Irrigation Machinery
Other Types
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Germany Agricultural Machinery Market Size Summary

The German agricultural machinery market is a significant player in Europe, characterized by its robust manufacturing and export capabilities. As one of the largest consumers and producers of agricultural machinery in Europe, Germany benefits from its advanced engineering and technological expertise, which enhances the precision and efficiency of its agricultural practices. The country's agricultural sector is increasingly adopting mechanization to replace manual labor, driven by factors such as labor shortages due to urbanization and the availability of EU subsidies for modern machinery. This shift has led to a notable increase in tractor sales, which serve as the primary power source for agricultural operations. The market is dominated by major players like AGCO Corporation, Deere & Company, and CNH Industrial, who leverage new product launches and strategic partnerships to maintain their market positions.

The demand for high-horsepower tractors is particularly strong, reflecting the need for more powerful machinery in the fields. Germany's agricultural machinery market is highly consolidated, with a few key players holding significant market shares, largely due to their reputation for quality and reliable after-sales services. The export market remains robust, with a steady export ratio, underscoring Germany's leadership in the European agricultural machinery sector. Innovations and new product introductions continue to drive market growth, as evidenced by recent launches from companies like Case IH and John Deere. These developments highlight the ongoing evolution and competitiveness of the German agricultural machinery market.

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Germany Agricultural Machinery Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Overview

    2. 1.2 Market Drivers

      1. 1.2.1 Increasing Labour Shortage

      2. 1.2.2 Rising Technological Advancements by Key Players

      3. 1.2.3 Government Support to Enhance Farm Mechanization

    3. 1.3 Market Restraints

      1. 1.3.1 High Initial Investments

      2. 1.3.2 Security concerns in Modern Farming Machinery

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Bargaining Power of Suppliers

      2. 1.4.2 Bargaining Power of Buyers

      3. 1.4.3 Threat of New Entrants

      4. 1.4.4 Threat of Substitute Products

      5. 1.4.5 Competitive Rivalry

  2. 2. MARKET SEGMENTATION

    1. 2.1 Type

      1. 2.1.1 Tractors

        1. 2.1.1.1 Horse Power

          1. 2.1.1.1.1 Less than 40 HP

          2. 2.1.1.1.2 40 to 100 HP

          3. 2.1.1.1.3 101 to 150 HP

          4. 2.1.1.1.4 Above 150 HP

        2. 2.1.1.2 Type

          1. 2.1.1.2.1 Compact Utility Tractors

          2. 2.1.1.2.2 Utility Tractors

          3. 2.1.1.2.3 Row Crop Tractors

      2. 2.1.2 Plowing and Cultivating Machinery

        1. 2.1.2.1 Plows

        2. 2.1.2.2 Harrows

        3. 2.1.2.3 Cultivators and Tillers

        4. 2.1.2.4 Other Plowing and Cultivating Machinery

      3. 2.1.3 Planting Machinery

        1. 2.1.3.1 Seed Drills

        2. 2.1.3.2 Planters

        3. 2.1.3.3 Spreaders

        4. 2.1.3.4 Other Planting Machinery

      4. 2.1.4 Harvesting Machinery

        1. 2.1.4.1 Combine Harvesters

        2. 2.1.4.2 Forage Harvesters

        3. 2.1.4.3 Other Harvesting Machinery

      5. 2.1.5 Haying and Forage Machinery

        1. 2.1.5.1 Mowers

        2. 2.1.5.2 Balers

        3. 2.1.5.3 Other Haying and Forage Machinery

      6. 2.1.6 Irrigation Machinery

        1. 2.1.6.1 Sprinkler Irrigation

        2. 2.1.6.2 Drip Irrigation

        3. 2.1.6.3 Other Irrigation Machinery

      7. 2.1.7 Other Types

Germany Agricultural Machinery Market Size FAQs

The Germany Agricultural Machinery Market size is expected to reach USD 9.60 billion in 2024 and grow at a CAGR of 3.10% to reach USD 11.5 billion by 2029.

In 2024, the Germany Agricultural Machinery Market size is expected to reach USD 9.60 billion.

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