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Europe Agricultural Tractors Market Size, Share, Forecast: By Engine Power: Less Than 40 HP, 41 to 100 HP, More Than 100 HP; By Type: Orchard Tractors, Row-Crop Tractors, Others; By Propulsion: Electric, ICE; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis; Trade Data Analysis; Competitive Landscape; 2024-2032
Europe Agricultural Tractors Market Size
The Europe agricultural tractors market reached approximately 157.79 thousand units in 2023. The market is projected to grow at a CAGR of 1.60% between 2024 and 2032, reaching a volume of around 182.02 thousand units by 2032.
Europe Agricultural Tractors Market Outlook
- According to the data by National Authorities, around 158,100 agricultural tractors were registered in Europe in 2023.
- As per the Agricultural Engineers Association (AEA), the total tractor registrations in the UK witnessed an increase of 2 per cent in 2023.
- As per the industry reports, in 2023, the Common Agricultural Policy (CAP) program allocated around €264 billion in the 2023-2027 fiscal year for supporting farmers and rural development, which can include providing high-end agricultural machinery and tractors.
Europe Agricultural Tractors Market Growth
Rising preference for sustainable tractors, favourable government policies and subsidies for agricultural development, and integration of advanced features such as GPS tracking into tractors are some of the crucial market drivers.
The rising global population and the need to enhance food production have led farmers to adopt tractors that can deliver greater efficiency and higher outputs. Moreover, there is also a gradual shift towards electric and hybrid tractors, which contribute to sustainable agriculture by reducing emissions, minimising noise levels, and lowering operational expenses.
Telematics technology is increasingly gaining popularity in tractors in Europe as it gathers and sends real-time data which plays a crucial role in improving fleet management, scheduling maintenance, monitoring field status, and ultimately boosting the efficiency of agricultural operations. For instance, farmers can make informed decisions regarding irrigation, fertilisation, and pest control by collecting data on soil moisture levels, temperature, and other environmental factors.
Europe Agricultural Tractors Industry Segmentation
“Europe Agricultural Tractors Market Report and Forecast 2024-2032” offers a detailed analysis of the market based on the following segments:
Market Breakup by Engine Power
- Less Than 40 HP
- 41 to 100 HP
- More Than 100 HP
Market Breakup by Type
- Orchard Tractors
- Row-Crop Tractors
- Others
Market Breakup by Propulsion
- Electric
- ICE
Market Breakup by Country
- United Kingdom
- Germany
- France
- Italy
- Others
Europe Agricultural Tractors Market Share
Based on propulsion, the market is divided into electric and ICE. The ICE tractors account for a substantial market share as these tractors have been the foundation of agricultural mechanisation for years and farmers are more familiar with them compared to the electric tractors. Additionally, ICE tractors generally provide greater power and longer operating time between refuels when compared to current electric models, boosting segment growth.
Leading Companies in the Europe Agricultural Tractors Market
The market players are readily focused on developing green tractors due to the rising carbon emissions related to farming.
- Kubota Corp.
- CNH Industrial N.V.
- Deere & Co.
- Yanmar Holdings Co., Ltd.
- AGCO Corp.
- SDF S.p.A (DEUTZ-FAHR)
- Daedong Corporation
- Mahindra And Mahindra Ltd.
- Argo Tractors S.p.A
- CLAAS KGaA GmbH
- Others
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Engine Power |
|
| Breakup by Type |
|
| Breakup by Propulsion |
|
| Breakup by Region |
|
| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 Global Agricultural Tractors Market Overview
8.1 Key Industry Highlights
8.2 Global Agricultural Tractors Historical Market (2018-2023)
8.3 Global Agricultural Tractors Market Forecast (2024-2032)
8.4 Global Agricultural Tractors Market Breakup by Region
8.4.1 North America
8.4.2 Europe
8.4.3 Asia Pacific
8.4.4 Latin America
8.4.5 Middle East and Africa
9 Europe Agricultural Tractors Market Overview
9.1 Key Industry Highlights
9.2 Europe Agricultural Tractors Historical Market (2018-2023)
9.3 Europe Agricultural Tractors Market Forecast (2024-2032)
10 Europe Agricultural Tractors Market by Engine Power
10.1 Less Than 40 HP
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 41 to 100 HP
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 More Than 100 HP
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
11 Europe Agricultural Tractors Market by Type
11.1 Orchard Tractors
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Row-Crop Tractors
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 Others
12 Europe Agricultural Tractors Market by Propulsion
12.1 Electric
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 ICE
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
13 Europe Agricultural Tractors Market by Country
13.1 United Kingdom
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 Germany
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 France
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 Italy
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Trade Data Analysis (HS Code – 8701)
15.1 Major Exporting Countries
15.1.1 By Value
15.1.2 By Volume
15.2 Major Importing Countries
15.2.1 By Value
15.2.2 By Volume
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 Kubota Corp.
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 CNH Industrial N.V.
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Deere & Co.
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Yanmar Holdings Co., Ltd.
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 AGCO Corp.
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 SDF S.p.A (DEUTZ-FAHR)
16.2.6.1 Company Overview
16.2.6.2 Product Portfolio
16.2.6.3 Demographic Reach and Achievements
16.2.6.4 Certifications
16.2.7 Daedong Corporation
16.2.7.1 Company Overview
16.2.7.2 Product Portfolio
16.2.7.3 Demographic Reach and Achievements
16.2.7.4 Certifications
16.2.8 Mahindra And Mahindra Ltd.
16.2.8.1 Company Overview
16.2.8.2 Product Portfolio
16.2.8.3 Demographic Reach and Achievements
16.2.8.4 Certifications
16.2.9 Argo Tractors S.p.A
16.2.9.1 Company Overview
16.2.9.2 Product Portfolio
16.2.9.3 Demographic Reach and Achievements
16.2.9.4 Certifications
16.2.10 CLAAS KGaA GmbH
16.2.10.1 Company Overview
16.2.10.2 Product Portfolio
16.2.10.3 Demographic Reach and Achievements
16.2.10.4 Certifications
16.2.11 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Agricultural Tractors Market: Key Industry Highlights, 2018 and 2032
2. Europe Agricultural Tractors Market: Key Industry Highlights, 2018 and 2032
3. Europe Agricultural Tractors Historical Market: Breakup by Engine Power (Thousand Units), 2018-2023
4. Europe Agricultural Tractors Market Forecast: Breakup by Engine Power (Thousand Units), 2024-2032
5. Europe Agricultural Tractors Historical Market: Breakup by Type (Thousand Units), 2018-2023
6. Europe Agricultural Tractors Market Forecast: Breakup by Type (Thousand Units), 2024-2032
7. Europe Agricultural Tractors Historical Market: Breakup by Propulsion (Thousand Units), 2018-2023
8. Europe Agricultural Tractors Market Forecast: Breakup by Propulsion (Thousand Units), 2024-2032
9. Europe Agricultural Tractors Historical Market: Breakup by Country (Thousand Units), 2018-2023
10. Europe Agricultural Tractors Market Forecast: Breakup by Country (Thousand Units), 2024-2032
11. Major Exporting Countries by Value
12. Major Importing Countries by Value
13. Major Exporting Countries by Volume
14. Major Importing Countries by Volume
15. Europe Agricultural Tractors Market Structure
Key Questions Answered in the Report
In 2023, the market reached an approximate volume of 157.79 thousand units.
The market is estimated to grow at a CAGR of 1.60% between 2024 and 2032.
The Europe agricultural tractors market is estimated to witness a healthy growth during 2024-2032 to reach around 182.02 thousand units by 2032.
The market is being driven due to rising preference for sustainable tractors, favourable government policies and subsidies for agricultural development, and the integration of advanced features such as GPS tracking into tractors.
The key trends aiding the market include a shift towards electric and hybrid tractors, adoption of Telematics technology, and consolidation of farms.
Countries considered in the market are the United Kingdom, Germany, France, and Italy, among others.
Based on propulsion, market segmentations include electric and ice.
Different engine powers are less than 40 hp, 41 to 100 hp, and more than 100 hp, among others.
The major players in the market are Kubota Corp., CNH Industrial N.V., Deere & Co., Yanmar Holdings Co., Ltd., AGCO Corp., SDF S.p.A (DEUTZ-FAHR), Daedong Corporation, Mahindra and Mahindra Ltd., Argo Tractors S.p.A, and CLAAS KGaA GmbH, among others.
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