France Agricultural Equipment Market is expected to gain momentum owing to introduction of smart farming techniques such as precision farming and digital farming: Ken Research
France Agricultural Equipment Market is at a growing stage, being driven by introduction of smart farming techniques such as precision farming and digital farming. The Agriculture Equipment Industry in France is highly consolidated with key players such as CLAAS France SAS, Lely France, John Deere SAS, CNH Industrial Österreich GmbH and Kubota Europe SAS.
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Key Findings
- Farming tractors have dominated the France Agriculture Equipment Market.
- The France Agriculture Equipment Market saw a severe downfall in the first half of 2020 due to Covid-19.
- Tractor registrations fell in the first half of 2020 compared to the same half of the previous year due to the COVID-19 pandemic.
Rising Agriculture Equipment Industry in France: France Agriculture Equipment Market is expected to extend significant development during the upcoming years attributable to the rising disposable income. The France Agriculture Equipment Market is expanding as a result of the country’s increasing urbanization and rising standard of living. Additionally, France’s share of the Agriculture Equipment Market will increase as a result of rising labor costs and the global health emergency. The rising efforts of the government to develop the agriculture infrastructure are backed by rising efforts like providing subsidies and cheap raw materials. In addition, the revenue generated by the France Agriculture Equipment market is being driven by farmers’ increasing adoption of modern farming equipment.
Large-scale Agricultural Mechanization is driving the France Agriculture Equipment Industry: One-third of all the agricultural land in Europe is in France. According to Crop Trust, approximately 93% are middle-range and large-scale operations. According to FAOSTAT, the area harvested under major field crops in France had a productivity reduction due to the pandemic from 2019’s productivity. France’s rapid technological advancement has also resulted in the development of a highly trained and skilled workforce to operate its cutting-edge agricultural machinery, making it possible to employ top technology in crop fields.
Major Government Initiatives: A brand-new, extensive overhaul of the French food and agriculture policy was planned in accordance with its most recent approval by the parliament. The reform focuses primarily on improving France’s agricultural and food policies, with a primary focus on increasing agricultural production. With an increased focus on the potential for export, the trends shifted toward the use of fewer, more powerful machines. As a result, France’s demand for agricultural equipment is rising as a result of enhanced government support, increased interest in increasing agricultural productivity, and improved farm structures.
Analysts at Ken Research in their latest publication “France Agriculture Equipment Market Outlook to 2027F– By Tractor (Less than 50 HP, 50 to 79 HP, 80 to 99 HP, 100 to 120 HP and Above 120 HP), By Harvesting Machinery (Combine Harvesters, Forage Harvesters and Other Harvesting Machinery), By Plowing and Cultivating Machinery (Plows, Harrows, Cultivators and Tillers and Other Plowing and Cultivating Machinery)” observed that France Agriculture Equipment Market is expected to showcase considerable growth in the coming five years. In the upcoming years, it is predicted to expand more rapidly owing to introduction of smart farming techniques such as precision farming and digital farming. The Agriculture Equipment Market in France is expected to grow at a CAGR of ~% over the forecasted period 2022P-2027F.
Key Segments Covered in the report
France Agricultural Equipment Market
By Tractor
- Less than 50 HP
- 50 to 79 HP
- 80 to 99 HP
- 100 to 120 HP
- Above 120 HP
By Plowing and Cultivating Machinery
- Plows (Disc Plow and M.B Plow)
- Harrows
- Cultivators and Tillers
- Other Plowing and Cultivating Machinery
By Planting Machinery
- Seed Drills
- Planters
- Spreaders
- Other Planting Machinery
By Harvesting Machinery
- Combine Harvesters
- Forage Harvesters
- Other Harvesting Machinery (Root Crop Harvesting Machinery and Fruit and Vegetable Harvesting Machinery)
By Haying and Forage Machinery
- Mowers
- Balers
- Other Haying and Forage Machinery
By Irrigation Machinery
- Sprinkler Irrigation
- Drip Irrigation
Key Target Audience
- Existing Agricultural Equipment Companies
- New Market Entrants- Domestic OEMs
- New Market Entrants- Foreign OEMs
- Agricultural Equipment Financing Companies
- Government Bodies
- Investors & Venture Capital Firm
- Agricultural Equipment Manufacturers
- Agricultural Equipment Distributors
- Agricultural Equipment Associations
Time Period Captured in the Report:
- Historical Period: 2017-2022P
- Base Year: 2022P
- Forecast Period: 2022P– 2027F
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Companies Covered:
- CLAAS France SAS
- Lely France
- John Deere SAS
- CNH Industrial Österreich GmbH
- Kubota Europe SAS
- AGCO Distribution SAS
- Same Deutz-Fahr France
- Artec Pulverisation (Kuhn Group)
- Yanmar Co. Ltd
- Kuhn Group
- Netafim Ltd
Key Topics Covered in the Report
- Executive Summary
- Country Overview of the France
- Overview and Genesis of Agriculture Equipment Market in France
- Ecosystem of France Agriculture Equipment Market
- Market Segmentations of Agriculture Equipment Market in France
- Snapshots on different Agriculture Equipment Markets in France
- SWOT Analysis of France Agriculture Equipment Market
- Growth Drivers of France Agriculture Equipment Market
- Trends and Developments of France Agriculture Equipment Market
- Challenges of France Agriculture Equipment Market
- Competitive Analysis of Agriculture Equipment Market in France
- Future Outlook and Projections of Agriculture Equipment Market in France
For more information on the research reports, refer to below link: –
Future Outlook of France Agriculture Equipment Market
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