PUBLISHER: Market Research Future | PRODUCT CODE: 1679128
PUBLISHER: Market Research Future | PRODUCT CODE: 1679128
Report Information of Europe Agricultural Tractors Market Research by Category (Utility Tractors, Row Crop Tractors and Implement Carrier Tractors), by Type (Tracked Tractor and Wheeled Tractor), by Level of Autonomy (Manual, ADAS and Fully Autonomous), by Engine Power (100 HP -180 HP, 181 HP -250 HP, 251 HP-400 HP, 401-600 HP, and 601 HP and Above), by Body Type (Cabin Tractor and Without Cabin Tractor), Propulsion Type Forecast to 2032
The market for European agricultural tractors with more than 99 horsepower reached USD 9,216.1 million in 2023 and is predicted to increase at a CAGR of 3.9% to USD 13,547.4 million by 2032.
The European agricultural tractor market has expanded significantly in recent years, driven by a variety of causes. Farmers have increased their efficiency and productivity because to technological improvements such as precision farming and automation. The growing emphasis on sustainability and environmental issues has driven up demand for environmentally friendly tractors. Furthermore, as farms in Europe consolidate, there is an increasing demand for larger and more powerful tractors to handle heavier workloads.
According to the European Agricultural Machinery Association (CEMA), France, Germany, Italy, and the United Kingdom are among the top tractor markets in the European Union, accounting for over 60% of agricultural tractor registrations in the region by 2023. In the United Kingdom, tractor registrations are an important indicator of the domestic agricultural machinery market. Tractors and accessories account for over half of farmer expenditures in terms of value. France, like other European countries, has been at the forefront of agricultural mechanization, accounting for approximately 23% of all agricultural tractors registered in the region by 2023, underscoring its importance in the European market. Factors driving the regional market include enhancing total tractor productivity in farming, minimizing post-harvest loss, adding value to agricultural raw materials, and improving the quality of agricultural goods. The French government has developed initiatives to aid and finance the purchase of agricultural machinery and equipment, notably tractors. These factors, together with government initiatives aimed at promoting agricultural exports, help to increase agricultural mechanization and tractor use in the country.
Marketing Segmentation
The European Agriculture Tractor Market has been divided into categories, types, levels of autonomy, engine power, body type, propulsion type, and country.
The European Agriculture Tractor Market is divided into three categories: utility tractors, row crop tractors, and implement carrier tractors.
The market is divided into two types: tracked tractors and wheeled tractors.
The market has been divided into three segments based on its level of autonomy: manual, ADAS, and fully autonomous.
The Europe Agriculture Tractor Market is divided into five segments based on engine power: 100 HP - 180 HP, 181 HP - 250 HP, 251 HP-400 HP, 401-600 HP, and 601 HP and Above.
The Europe Agriculture Tractor Market is divided into two segments based on body type: cabin tractors and non-cabin tractors.
The European Agriculture Tractor Market is divided into two segments based on propulsion type: ICE and Electric.
The market has been divided into eight countries: the United Kingdom, Germany, France, Italy, Spain, Switzerland, the Netherlands, and the rest of Europe.
The prominent companies in the Europe Agriculture Tractor market are Deere & Company, CNH Industrial N.V., Zetor Tractors A.S., Monarch Tractor, Antonio Carraro, Agromehanika D.D., VST Tractors, Mahindra & Mahindra Ltd., and ARGO Tractors S.P.A.