Europe Agricultural Equipment Market Size And Forecast Report 2024-2032

Europe Agricultural Equipment Market

The Europe Agricultural Equipment Market is projected to reach US$ 65.84 billion by 2032, with a compound annual growth rate (CAGR) of 4.29% from 2024 to 2032. This market was valued at US$ 45.12 billion in 2023 and is expected to grow mainly due to increasing agricultural mechanization and rising farmer income. Europe Agricultural Equipment Market Favorable weather conditions for food production and government support programs, such as loan forgiveness initiatives, are also expected to drive market expansion for farmers across all income levels.

Germany Agriculture Equipment Market

Germany led the European agricultural equipment market in 2023 in terms of sales volume, followed by France, Italy, the United Kingdom, Poland, Spain, and other European countries. The adoption of automated equipment in farming has been influenced by labor shortages, with these nations seeing greater mechanization. Farmers are being encouraged to integrate automated technologies into their agricultural processes due to the equipment’s ability to perform various farm tasks with high accuracy and productivity. For example, Case IH introduced the LB 424 XLD large square baler model in 2022, which produces extra-dense 120 cm*70 cm bales with a density increase of up to 10%, thereby improving bale quality, handling, and rotor cutter performance.

CEMA reports predict a decline in machinery sales across Europe. The market for crop protection and arable agricultural equipment is expected to reach €4.70 billion in 2023, representing a decrease of nearly 3% from the previous year (2022). The segment for seeding, fertilizing, and crop protection equipment is projected to experience a 5% decline, while the segment for cultivating equipment is expected to decline by 2%. CEMA anticipates a 10% decrease in the agricultural machinery market in 2024, despite stable growth in 2021 and 2023.

Country – Market breakup in 25 viewpoints:

Europe

France
Germany
Italy
United Kingdom
Poland
Austria
Netherlands
Finland
Romania
Denmark
Hungary
Portugal
Ireland
Lithuania
Greece
Croatia
Estonia
Latvia
Luxembourg
Rest of Europe

Growth Factor of European Agriculture Equipment Market

The increased focus on sustainability in agriculture is the primary driver for the adoption of environmentally friendly equipment in Europe. Farmers are increasingly seeking electric and hybrid equipment to reduce their environmental impact and carbon footprint, driven by consumer demand for responsibly produced food and government programs supporting green practices. Technological advancements have reduced the cost and improved the efficiency of sustainable equipment, further promoting adoption. The push for lower emissions and better resource management in the agriculture industry is making the switch to environmentally friendly technology crucial to meeting customer demands and legal obligations.

Livestock Equipment Market – Market breakup in 4 viewpoints:

Livestock watering, feeding and rearing equipment
Feed preparation machines and equipment
Milking machines
Other livestock equipment

Haymaking Equipment Market – Market breakup in 2 viewpoints:

Mounted or Trailed
Others haymaking

Related Report:

Vegetable Seeds Market

Organic Fertilizer Market

Agricultural Tractor Market

Challenges of European Agricultural Equipment Industry

High upfront costs of advanced agricultural equipment and machinery pose a significant obstacle for small and medium-sized farmers in Europe. The substantial investment required is often prohibitively expensive, particularly for those with lower incomes. Reluctance to upgrade frequently leads to a reliance on outdated and inefficient equipment, hindering efforts toward sustainability and productivity. Additionally, the costs of maintenance and training for new technologies may further discourage investment. Consequently, many farmers miss out on the benefits of modern machinery, which could enhance productivity and reduce negative environmental impacts, ultimately impacting their competitiveness in the rapidly changing agricultural landscape.

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