Europe Utility Tractor Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 2.80 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Europe Utility Tractor Market Analysis
Europe Utility Tractor Market is projected to grow at a CAGR of 2.8% during the forecast period (2020-2025). The rise in labor cost and increase in agricultural factor income are some of the factors driving the market for utility tractors in the region. An acute shortage of farm labor has currently surfaced on the farm fields in the region. Compact utility tractors (40HP-70HP) are being increasingly adopted by small-scale farmers as they are much smaller in size than the average agricultural tractors and are priced much lower. In Europe, Germany France, and Italy are the largest markets for utility tractor sales in the region which account for a major share in this segment in the region.
Europe Utility Tractor Market Trends
This section covers the major market trends shaping the Europe Utility Tractor Market according to our research experts:
Rise in Labor Costs
Farming in Europe is being currently revolutionized by the rapid technological development in utility tractors. The rise in labor cost and increase in agricultural factor income are some of the factors driving the market for tractors which includes utility tractors in the region. An acute shortage of farm labor has currently surfaced on the farm fields in the region. According to the German Association of Agricultural Employers (GLFA), the number of seasonal immigrant labor during the peak harvest times in Germany fell drastically in the last few years, Thus, shortage of farm labor is giving way to rise in wage rates, thereby allowing the farmers to adopt farm mechanization including utility tractors in the region.
Germany Dominates the Market
The biggest tractor market in the European Union are Germany and France. The country generates more than 27% of agricultural machinery and equipment components manufactured in Europe. Thus, Germany has evolved to be one of the leaders in producing agricultural machinery in Europe, which signifies its dominance in the agricultural tractors which includes utility tractors market. Farmers in this region prefer small and customized compact/utility tractors for agricultural purposes due to small farmland sizes. The presence of international companies such as John Deere, kubota corporation and CLAAS KGaA mbH has further driven the market growth for these tractors thereby boosting its market growth
Europe Utility Tractor Industry Overview
European utility tractor market is highly competitive with the presence of many local and international players. CLAAS KGaA mbH, Deere & Company and AGCO Corporation are some of the major players who are operating in this region. These players are expanding their presence to strengthen their position in the market.
Europe Utility Tractor Market Leaders
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Deere & Company
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CNH Global NV
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CLAAS KGaA mbH
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Kubota Corporation
*Disclaimer: Major Players sorted in no particular order
Europe Utility Tractor Market Report - Table of Contents
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1. INTRODUCTION
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1.1 Study Assumptions & Market definition
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1.2 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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4. MARKET DYNAMICS
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4.1 Market Overview
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4.2 Market Drivers
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4.3 Market Restraints
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4.4 Porter's Five Forces Analysis
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4.4.1 Bargaining Power of Suppliers
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4.4.2 Bargaining Power of Buyers
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4.4.3 Threat of New Entrants
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4.4.4 Threat of Substitute Products and Services
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4.4.5 Intensity of Competitive Rivalry
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5. MARKET SEGMENTATION
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5.1 Geography
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5.1.1 Germany
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5.1.2 United Kingdom
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5.1.3 France
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5.1.4 Spain
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5.1.5 Italy
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5.1.6 Rest of Europe
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6. COMPETITIVE LANDSCAPE
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6.1 Most Adopted Strategies
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6.2 Market Share Analysis
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6.3 Company Profiles
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6.3.1 Deere & Company
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6.3.2 CNH Global NV
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6.3.3 AGCO Corporation
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6.3.4 CLAAS KGaA mbH
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6.3.5 Kubota Corporation
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6.3.6 Kuhn Group
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6.3.7 Yanmar Company Limited
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6.3.8 Escorts Group
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
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8. IMPACT OF COVID-19
Europe Utility Tractor Industry Segmentation
For the purpose of this report, the tractors used in agricultural operations between 35 HP-100 HP, especially four-wheeled tractors, have been considered. The report does not cover other agricultural machinery and attachments to tractors. Tractors used for industrial and construction purposes are also excluded from the study.
| Geography | |
| Germany | |
| United Kingdom | |
| France | |
| Spain | |
| Italy | |
| Rest of Europe |
Europe Utility Tractor Market Research FAQs
What is the current Europe Utility Tractor Market size?
The Europe Utility Tractor Market is projected to register a CAGR of 2.80% during the forecast period (2024-2029)
Who are the key players in Europe Utility Tractor Market?
Deere & Company, CNH Global NV, CLAAS KGaA mbH and Kubota Corporation are the major companies operating in the Europe Utility Tractor Market.
What years does this Europe Utility Tractor Market cover?
The report covers the Europe Utility Tractor Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Europe Utility Tractor Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Europe Utility Tractor Industry Report
Statistics for the 2024 Europe Utility Tractor market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Europe Utility Tractor analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
