Europe Utility Tractor Market Trends

Statistics for the 2023 & 2024 Europe Utility Tractor market trends, created by Mordor Intelligence™ Industry Reports. Europe Utility Tractor trend report includes a market forecast to 2029 and historical overview. Get a sample of this industry trends analysis as a free report PDF download.

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Team License

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Corporate License

$8750

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Market Trends of Europe Utility Tractor Industry

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.

Europe Utility Tractor Market Share

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 Market Growth

Europe Utility Tractor Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)