Frequently Asked Questions
The Europe tractor market was valued at USD 158215 Billion in 2022.
The Europe tractor market is expected to grow at a CAGR of 4.00% between 2023 and 2030, reaching USD 208200.1 Billion in 2030.
Europe’s 40-99 HP sector grew the fastest in 2022, accounting for 40.9% of the market.
less than 40 HP are also popular in the Europe tractor market
The sub-segment of 100-200 HP tractors is predicted to develop at the fastest CAGR in the Europe tractor market.
German is Europe’s largest tractor market, accounting for over 26% of total market share in 2022.
The top players include Claas KGaA mbH, Deere & Company, CNH Industrial NV and AGCO Corporation. Other major players include Kubota Corporation, Mahindra & Mahindra Ltd, Tractors and Farm Equipment Limited and SDF SpA.
Farming operations are becoming increasingly mechanized, and the government is providing agriculture subsidies and aid are the major market drivers.
Tractors are exceedingly expensive, and emissions laws are tightly enforced are the major market restraints.
The Food demand is increasing, and government initiatives are being implemented are the major opportunities in the Europe tractor industry.