According to TechSci Research report, “Europe Agricultural Equipment Market By Type (Tractors, Harvesters, Planting Equipment, Irrigation & Crop Processing Equipment, Spraying Equipment, Hay & Forage Equipment, Others), By Automation (Automatic, Semi-Automatic, Manual), By Sales Channel (OEMs v/s Aftermarket), By Application (Land Development & Seed Bed Preparation, Sowing & Planting, Weed Cultivation, Plant Protection, Harvesting & Threshing, Post-harvest & Agro Processing, Others), By Country, Forecast & Opportunities, 2025”, the Europe agricultural equipment market is expected to grow at an impressive rate during the forecast period on account of the ageing farmer population and shortage of labor. Additionally, increasing spending by the farmers on agricultural equipment and growing adoption of modern farming techniques such as precision agriculture, digital farming, among others is further expected to propel the market through 2025. Besides, adoption of AI, IoT, Agriculture 4.0 solutions, among others in the agricultural industry is further expected to create lucrative opportunities for the market growth over the next few years. Moreover, increasing investments and new product launches by the major players operating in the market is expected to create lucrative opportunities for the market growth. Furthermore, incorporation of GPS, robotic systems, Google Earth, among others in the agricultural industry, is expected to foster the market growth during the forecast period. However, adhering to the emission regulations set by the European Union might hamper the market growth through 2025. Also, stringent regulations on operations of farming machinery is further expected to restrict the market growth over the next few years.
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The Europe agricultural equipment market is segmented based on type, automation, sales channel, application, company and region. Based on type, the market can be categorized into tractors, harvesters, planting equipment, irrigation & crop processing equipment, spraying equipment, hay & forage equipment and others. Among these, the tractors segment is expected to dominate the market during the forecast period on account of the growing automation activities. Additionally, tractors can be used in an agricultural field in a standalone manner and also in combination with other agricultural equipment. Based on application, the market can be fragmented into land development & seed bed preparation, sowing & planting, weed cultivation, plant protection, harvesting & threshing, post-harvest & agro processing and others. Out of these, the harvesting and threshing segment is expected to hold a significant market share since it helps in easing the crop harvesting procedures and saves time and costs. Among these, the weed cultivation segment is also expected to witness significant growth on account of the widespread use of agricultural equipment such as shovel, plough, among others to reduce the time of weeding.
CNH Industrial N.V., CLAAS KGaA mbH, J C Bamford Excavators Limited, CLAAS KGaA mbH, Amazone H. Dreyer Gmbh & Co. Kg, Bucher Industries AG, APV – Technische Produkte GmbH, SDF Group, Exel Industries SA, ARGO SpA and others are some of the leading players operating in Europe agricultural equipment market. The companies operating in the market are using organic strategies such as product launches, mergers and collaborations to boost their share.
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“Europe agricultural equipment market is expected to witness significant growth during the forecast period, owing to the growing focus of the farmers towards food security and innovative agricultural solutions. Additionally, increasing adoption of drones, autonomous tractors, ground based sensors, among others is further expected to fuel the market growth through 2025. Furthermore, presence of major market players in the region is expected to create lucrative opportunities for growth over the next few years.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“Europe Agricultural Equipment Market By Type (Tractors, Harvesters, Planting Equipment, Irrigation & Crop Processing Equipment, Spraying Equipment, Hay & Forage Equipment, Others), By Automation (Automatic, Semi-Automatic, Manual), By Sales Channel (OEMs v/s Aftermarket), By Application (Land Development & Seed Bed Preparation, Sowing & Planting, Weed Cultivation, Plant Protection, Harvesting & Threshing, Post-harvest & Agro Processing, Others), By Region, Forecast & Opportunities, 2025”,” has evaluated the future growth potential of Europe agricultural equipment market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in Europe agricultural equipment market.
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Source : TechSci Research