Latest news with #tractors
Yahoo
17-06-2025
- Automotive
- Yahoo
Germany Tractors Market Trends and Forecast Report 2025-2030: Strong Export Demand for German Tractors
The Germany Tractors Market reached 27,595 units in 2024, expected to rise at a CAGR of 2.04%, hitting 31,150 units by 2030. Despite potential U.S. tariff impacts, Germany's robust domestic base minimizes risks. Key trends driving growth include precision agriculture adoption and the shift towards electric and alternative fuel-powered tractors, supported by subsidies. Challenges such as skilled labor shortages and high investment costs present restraints. In 2024, tractors above 150 HP lead, with a notable preference for 2WD models. Major players like John Deere and AGCO Corporation dominate the landscape through innovation and strategic partnerships. German Tractors Market Dublin, June 17, 2025 (GLOBE NEWSWIRE) -- The "Germany Tractors Market Research Report 2025-2030" report has been added to German Tractors Market was sized at 27,595 units in 2024, and is projected to reach 31,150 units by 2030, rising at a CAGR of 2.04%. The impact of tariffs on the German tractor market is going to be low to moderate due to the country's strong domestic manufacturing base and established trade relationships within the EU, which mitigate reliance on imports from high-tariff potential imposition of higher U.S. tariffs poses a moderate risk to Germany's agricultural machinery exports, particularly tractors. If the proposed 20-25% tariffs on German machinery, including agricultural tractors, are implemented by the U.S. after July 9, 2025, it could significantly reduce the price competitiveness of German tractors in the American market. MARKET TRENDS & DRIVERS Adoption of Precision AgricultureGermany, known for its efficiency and technological prowess, has embraced precision agriculture. Precision agriculture integrates a suite of advanced technologies - including digital tools, automation, and real-time data analysis - to improve farming efficiency, productivity, and environmental sustainability. Moreover, farmers increasingly recognize the opportunities in digitalization. The digital wave is gaining momentum in German agriculture. This was shown by a survey conducted by the digital association Bitkom and the DLG (German Agricultural Society) in 2024: A high proportion of farms already apply fertilizers (36%) and pesticides (30%) using precision field maps. Predictive maintenance for agricultural machinery is used by a quarter of farms. This growing trend is driving the demand for tractors in Germany to support data-driven farming and propels the Germany tractor market Outlook of Electric TractorsAs awareness of environmental issues and the need for sustainable solutions continues to grow, electric tractors are becoming attractive to farmers and agricultural businesses in the Germany tractor market. Manufacturers are developing electric tractor models to meet emerging requirements and support the transition to low-emission agricultural practices. One example is, after the Fendt e100 V Vario, Fendt is now introducing the standard Fendt e100 Vario tractor. Also, European countries have implemented robust policies to encourage the use of electric tractors. For instance, Germany offers subsidies for electric machinery as part of its climate protection program. Germany earmarks $3 billion for decarbonization subsidies, according to Reuters, in Alternative Fueled TractorsTo make vehicles more efficient and the air cleaner, petrol and diesel are increasingly being replaced by alternative fuels. These include natural gas, hydrogen, synthetic methane, and biomethane. The transition toward carbon-neutral agriculture is accelerating, driven by advancements in alternative fuel technologies, strategic investments from key manufacturers, and supportive policy initiatives, underscoring the need for a multi-technology approach to meet the diverse demands of the agricultural sector Demand for FoodGermany experiences ongoing demographic shifts and population growth, and the demand for essential resources continues to rise. As Germany grapples with demographic changes and a shrinking workforce, immigration is becoming essential to sustaining economic stability and population growth. For instance, according to Business Standard Private Ltd. In 2024, Germany's economy will need nearly 288,000 immigrants annually until 2040 to address challenges posed by an aging population. The resulting population growth and changing consumption patterns are expected to increase the food demand in the Export Demand for German TractorsGermany's strong export demand for tractors seems that its tractor manufacturing industry remains closely tied to global agricultural needs. Tractors exported from all countries totaled US$87.2 billion in 2023. That dollar amount reflects a 53.7% gain from $56.7 billion 5 years earlier during 2019 with Germany ranking among the top five RESTRAINTS Skilled Labor ShortageThe country is grappling with a critical labor shortage and an aging population, with projections indicating a deficit of 7 million skilled workers by 2035. This shortage is affecting many different industries. This is due to a combination of demographic changes, economic growth, and evolving technological Investment CostsThe high investment cost of tractors in Germany is a significant concern for farmers, particularly small and medium-sized enterprises. This issue is influenced by factors such as technological advancements, rising energy prices, and the increasing cost of spare Level of Registration of Tractors in EuropeThere is a sharp decline in agricultural tractor registrations in 2024, driven by reduced farm incomes, which were impacted by falling commodity prices, persistently high input costs, and adverse weather conditions across Europe, all of which have weakened farmers' ability and willingness to invest in new TRACTOR MARKET SEGMENTATION INSIGHTS INSIGHTS BY HORSEPOWERTractors with above 150 HP accounted for the highest share of the Germany tractor market in 2024 and is expected to grow at a CAGR of more than 2.6% during the forecast period. These high-powered machines are essential for large-scale agricultural operations, particularly in regions where extensive land holdings and mechanized farming are prominent. Their superior pulling capacity, versatility with heavy-duty implements, and efficiency in handling challenging terrains make them a preferred choice among commercial 50-150 HP segment accounted for more than 9 thousand units in 2024. These tractors offer a balanced combination of power and flexibility, making them well-suited for mid-sized farms and mixed farming practices. Their adaptability for various tasks such as plowing, tilling, and hauling has kept them in steady with less than 50 HP are primarily used in small farms, vineyards, and for light-duty tasks. While they represent a smaller share of the overall Germany tractor market, demand for compact tractors is known due to their affordability, ease of maneuverability, and suitability for niche applications such as horticulture and landscaping. INSIGHTS BY DRIVE TYPEIn the Germany tractor market, 2WD tractors dominate, driven by their cost-effectiveness, lower maintenance, and suitability for the country's widespread small- to mid-sized farms with relatively flat terrain; however, 4WD tractors are gradually gaining market share due to increasing demand for power, traction, and advanced features in large-scale and precision farming. VENDOR LANDSCAPEThe Germany tractor market is consolidated, with major global and domestic manufacturers such as John Deere, AGCO Corporation, SDF Group, and CLAAS KGaA mbH holding a significant share. The presence of these established players, supported by widespread distribution networks and long-standing market presence, limits opportunities for smaller and regional vendors. As the Germany tractor market shifts toward more automated and digitally integrated machinery, competition is expected to intensify, particularly in the higher horsepower (Allis-Gleaner Corporation), the parent company of brands like Fendt, Massey Ferguson, and Valtra, holds one of the significant shares in the German tractor market primarily due to the strong performance of its premium brand Fendt, which is widely regarded as the gold standard for tractors in Germany and much of Europe. Furthermore, in February 2025, John Deere's partnership with Drive TLV gives the company direct access to a wide network of innovative startups, helping accelerate advancements in autonomy, sensing, cybersecurity, electrification, and connectivity. This collaboration enables Deere to quickly address customer challenges with cutting-edge technologies, driving efficiency, sustainability, and market-ready solutions across its product Company Profiles AGCO Corporation CNH Industrial N.V. Deere & Company Kubota Corporation CLAAS KGaA mbH SDF Other Prominent Company Profiles KIOTI Lindner TYM-Tractors Sales GmbH YANMAR HOLDINGS CO., LTD. ISEKI & CO., LTD Tractors and Farm Equipment Limited Weichai Lovol Intelligent Agricultural Technology CO., LTD Key Attributes: Report Attribute Details No. of Pages 109 Forecast Period 2024 - 2030 Estimated Market Value in 2024 27595 Units Forecasted Market Value by 2030 31150 Units Compound Annual Growth Rate 2.0% Regions Covered Germany Key Topics Covered: 1. Scope & Coverage1.1. Market Definition1.2. Inclusions1.3. Exclusions1.4. Market Estimation Caveats1.5. Market Size & Forecast Periods1.5.1. Historic Period: 2021-20231.5.2. Base Year: 20241.5.3. Forecast Period: 2025-20301.6. Market Size (2021-2030)1.7. Market Segments1.7.1. Market Segmentation by Horsepower1.7.2. Market Segmentation by Drive Type2. Opportunity Pockets3. Introduction3.1. Impact of Tariffs4. Market Opportunities & Trends4.1. Growing Demand for Food4.2. Strong Export Demand for German Tractors4.3. Rising Alternative Fueled Tractors5. Market Growth Enablers5.1. Government Policy and Credit Support System5.2. Increased Agricultural Productivity & Exports5.3. Increased Farm Mechanization6. Market Restraints6.1. Skilled Labor Shortage6.2. High Investment Costs6.3. Reduced Level of Registration of Tractors in the Europe7. Market Landscape7.1. Five Forces Analysis8. Horsepower (Market Size & Forecast: 2021-2030)8.1. Below 50 Hp8.2. 50 Hp to 100 Hp8.3. Above 100 Hp9. Drive Type (Market Size & Forecast: 2021-2030)9.1. 2 Wheel Drive9.2. 4 Wheel Drive10. Geography (Germany)11. Competitive Landscape12. Competitive Overview13. Key Company Profiles AGCO Corporation Claas KGaA Mbh SDF Deere & Company Kubota Corporation CNH Industrial 14. Other Prominent Company Profiles Weichai Lovol Intelligent Agricultural Technology Co. Ltd. Iseki & Co. Ltd. Kioti Lindner TAFE Tractors TYM-Tractors Sales Yanmar Holdings Co. Ltd. For more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. Attachment German Tractors Market CONTACT: CONTACT: Laura Wood,Senior Press Manager press@ For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900Sign in to access your portfolio
RNZ News
12-06-2025
- Business
- RNZ News
Fieldays boss says positive signs 2025 will beat last year in sales
Fieldays attendees scoping the tractors at Fieldays. Photo: Marika Khabazi Fieldays chief executive Richard Lindroos says early indications are that this year's event sales will top 2024. As many as 100,00 people are expected through the Southern Hemisphere's biggest agricultural event. And with still two days to go, including 'Super Saturday', Lindroos is confident 2025 will surpass last year's. "Yeah, I think so, there are really good early indications," he told Morning Report. "The thing about this event is .. it's just the scale and it's so massive here. Every supplier in the agribusiness field is here. We're just making sure we can give them the best visibility to get those sales, so really positive. "Everyone's coming through the gates now, streaming through. So, it's going to have another good day, and on Saturday, it's Super Saturday." That's when the more of the townies coming to town, he said. Two days in, Lindroos said the atmosphere at Mystery Creek had been great, and there had been no shortage of sentiment. He said was particularly pleased with the political "ceasefire" with opposing politicians supporting sector. "We've had a great few days halfway through. We're going to hit our targets in terms of crowd and we're just hoping we're going to hit our targets in terms of sales," Lindroos said. "There is a really good vibe here. You were here on Wednesday morning and hopefully you saw that as you walked around and probably the thing for me ... some announcements which were a part of what's happening in terms of the political scene. "We had the Field Day ceasefire where everyone was playing nicely and both major parties supporting agribusiness as we head to the future." Lindroos said it wasn't just the big capital items on sale, such as tractors or combine harvesters, but there had been queues out of the door for workwear as well. "We've got sunshine today, people streaming in. It's going to be another good day here," he said. Sign up for Ngā Pitopito Kōrero , a daily newsletter curated by our editors and delivered straight to your inbox every weekday.
RNZ News
11-06-2025
- Business
- RNZ News
On the ground at Fieldays: Tractor manufacturer Case IH
The government's tax reduction will make it appealing for farmers with older tractors to upgrade them, dairy farmers Christian Allen and Anna Maley say. Photo: RNZ / Marika Khabazi It's day two at Fieldays - where organisers expect as many as 100-thousand people to come through the event. One of the big exhibitors - with multiple tractors on display is American tractor manufacturer Case IH. David Knowles is sales manager at Case IH and is at Fieldays.
BreakingNews.ie
26-05-2025
- Automotive
- BreakingNews.ie
Calls for tractors to be banned from motorways
Tractors must be banned from using motorways to improve road safety, according to truck drivers. The Irish Road Haulage Association is calling on the Government and Road Safety Authority to impose tighter restrictions. Advertisement Currently, the law allows for machinery to use motorways if the vehicle can maintain a speed of 50 kilometres per hour. Farmers say they will oppose any move to drive tractors off motorways. Irish Farmers Association President, Francie Gorman says the journeys tractors undertake on motorways are often short, and farmers need access to the road network. IRHA President Ger Hyland says there's a particular hazard for drivers approaching from behind at speed. "You have a car coming up behind them, and next thing they realise they are too close to the tractor in front. They have nowhere to go, they look to the overtaking lane, and it is full. "So then you have them taking the hard shoulder to overtake the tractor because they cannot stop in time. "If they do jam up on the motorway, you are likely to have a domino effect where one vehicle goes into another behind."
