Europe Compact Tractors Market Forecast to 2030
Europe Compact Tractors Market Forecast to 2030 – Regional Analysis – by Capacity (Below 30 HP, 30 HP – 40 HP, and 40 HP – 60 HP), Drive Type (Two-Wheel Drive and Four-Wheel Drive), and End Use (Agriculture and Utility)
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Description
Use of Compact Tractors in Animal Management, Driveway Maintenance, and Lawn Care Drive Europe Compact Tractors Market
The increasing application of compact tractors in different applications such as lawn care, driveway maintenance, and animal or livestock management is anticipated to provide major growth opportunities for the compact tractors market. Reducing human intervention and increasing machine applications for routine duties are boosting the usage of compact tractors. Compact utility tractors can be used for mowing, which is required in lawn care and maintenance. Transporting hay and feed and cleaning out pens are general tasks a compact tractor can manage. Dirt roads need maintenance, specifically after heavy storms. Compact tractors can be utilized for removing snow from the driveway. The increasing technological advancement is boosting the use of compact tractors for various end-user activities, which is anticipated to provide growth opportunities for the compact tractors market.
Europe Compact Tractors Market Overview
The Europe compact tractors market is further segmented into Germany, France, Italy, the UK, Russia, and the Rest of Europe. Europe has a healthy agriculture sector that caters to a majority of the regional food demand. Also, the region comprises some of the major exporters of agriculture products worldwide, including Russia, Germany, the Netherlands, the UK, and Spain.
Major factors restraining the growth of the regional agriculture sector include a decline in the number of farms and the increased average age of farmers. Further, conflicts such as the Russia-Ukraine war have also changed the overall agriculture industry dynamics of Europe. This has also impacted the market growth of compact tractors as the agriculture sector is the largest end user in the compact tractors market. Several companies have already banned their respective agriculture machinery supplies to Russia. John Deere is one of the major compact tractor companies that have banned their supplies to Russia. Such factors have impacted the demand for compact tractors across the region. The growing focus on small-scale farming is one of the prime drivers for the compact tractors market globally. The growing number of small-scale agricultural farms in developing and developed nations is boosting the application of compact tractors globally. Government policies and supportive initiatives such as funding boost small-scale farms in different countries. For instance, the new framework for the EU’s farm policy 2023 will support small and mid-sized farms in 25 EU countries.
Europe Compact Tractors Market Revenue and Forecast to 2030 (US$ Million)
Europe Compact Tractors Market Segmentation
The Europe compact tractors market is segmented into capacity, drive type, end use, and country.
Based on capacity, the Europe compact tractors market is segmented into below 30 HP, 30 HP – 40 HP, and 40 HP – 60 HP. The 40 HP – 60 HP segment held the largest share of the Europe compact tractors market in 2022.
Based on drive type, the Europe compact tractors market is bifurcated into two-wheel drive and four-wheel drive. The two-wheel drive segment held a larger share of the Europe compact tractors market in 2022.
Based on end use, the Europe compact tractors market is bifurcated into agriculture and utility. The agriculture segment held a larger share of the Europe compact tractors market in 2022.
Based on country, the Europe compact tractors market is segmented into Germany, France, Italy, the UK, Russia, and the Rest of Europe. The Rest of Europe dominated the Europe compact tractors market in 2022.
AGCO Corp, Argo Tractors SpA, CNH Industrial NV, Deere & Co, Iseki and Co Ltd, Kubota Corp, Mahindra & Mahindra Ltd, Same Deutz-Fahr Italia SpA, and Yanmar Holdings Co Ltd are some of the leading companies operating in the Europe compact tractors market.
Summary Info
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According to the Research Team’ research, the Europe compact tractors market was valued at US$ 1,755.94 million in 2022 and is expected to reach US$ 2,533.87 million by 2030, registering a CAGR of 4.7% from 2022 to 2030. Increase in technological advancements in the agricultural sector and use of compact tractors in various end-use applications are among the critical factors attributed to the Europe compact tractors market expansion.
Compact tractors’ small size and operational efficiency are boosting their application in different end-use applications in construction, mining, vineyards, orchards, and landscaping. Compact tractors between 15 HP (horsepower) and 30 HP are suitable for hauling. However, with technological advancements, compact tractors of more than 30 HP range also efficiently perform small-scale hauling tasks. In addition, transportation of farming equipment and assets from farm to workshop is also convenient with compact tractors. The application of compact tractors for snow removal or dirt road maintenance is fueling the demand for compact tractors.
In mining operations, compact tractors are used to excavate and haul rubble or gravel. Moreover, compact tractors can be utilized to spray herbicides and pesticides on farming lands to save crops from locusts and pests. The small size of compact tractors is ideal for vineyards and orchards as it can be fitted into narrow spaces. Compact tractors can perform routine duties such as transporting feed and hay or cleaning stalls for livestock, making the farmers’ work easier. Compact tractors are also used for residential commercial landscaping of gardens. Attaching box scrapers, hydraulic tillers, blades, or cultivators can make compact tractors more efficient for landscaping. The increasing use of compact tractors in various end-use applications drives the compact tractors market.
On the contrary, operational limitations of compact tractors hamper the Europe compact tractors market.
Based on capacity, the Europe compact tractors market is segmented into below 30 HP, 30 HP – 40 HP, and 40 HP – 60 HP. The 40 HP – 60 HP segment held 57.3% share of Europe compact tractors market in 2022, amassing US$ 1,005.36 million. It is projected to garner US$ 1,412.77 million by 2030 to expand at 4.3% CAGR during 2022-2030.
Based on drive type, the Europe compact tractors market is bifurcated into two-wheel drive and four-wheel drive. The two-wheel drive segment held 76.0% share of Europe compact tractors market in 2022, amassing US$ 1,334.89 million. It is projected to garner US$ 1,877.05 million by 2030 to expand at 4.4% CAGR during 2022-2030.
Based on end use, the Europe compact tractors market is bifurcated into agriculture and utility. The agriculture segment held 67.6% share of Europe compact tractors market in 2022, amassing US$ 1,186.86 million. It is projected to garner US$ 1,673.01 million by 2030 to expand at 4.4% CAGR during 2022-2030.
Based on country, the Europe compact tractors market has been categorized into Germany, France, Italy, the UK, Russia, and the Rest of Europe. Our regional analysis states that the Rest of Europe captured 32.9% share of Europe compact tractors market in 2022. It was assessed at US$ 577.99 million in 2022 and is likely to hit US$ 831.62 million by 2030, exhibiting a CAGR of 4.7% during 2022-2030.
Key players operating in the Europe compact tractors market are AGCO Corp, Argo Tractors SpA, CNH Industrial NV, Deere & Co, Iseki and Co Ltd, Kubota Corp, Mahindra & Mahindra Ltd, Same Deutz-Fahr Italia SpA, and Yanmar Holdings Co Ltd, among others.
In 2023, John Deere introduced 4075R Compact Utility Tractor for MY24. It has been enhanced by heavy-duty front axles and technology-ready capabilities, LED light packages to the 3R, and heavy-duty 4M and 4R models.
In 2022, Argo Tractors, an Italian international leader in agricultural mechanization, signed a significant collaboration deal with the Landini, McCormick, and Valpadana brands and IPSO TARIM AS, Turkey’s new importer of McCormick tractors. Under this agreement, the company increased and optimized the distribution of McCormick products and services in Turkey.
o Highlights key business priorities in order to assist companies to realign their business strategies.
o The key findings and recommendations highlight crucial progressive industry trends in the Europe compact tractors market, thereby allowing players across the value chain to develop effective long-term strategies.
o Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
o Scrutinize in-depth Europe market trends and outlook coupled with the factors driving the market, as well as those hindering it.
o Enhance the decision-making process by understanding the strategies that underpin security interest with respect to client products, segmentation, pricing, and distribution
TABLE OF CONTENTS
1. Introduction
1.1 the Research Team Research Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Key Insights
2.2 Market Attractiveness
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Europe Compact Tractors Market Landscape
4.1 Overview
4.2 PEST Analysis
4.3 Ecosystem Analysis
4.3.1 Raw Material Suppliers/Component Suppliers
4.3.2 Compact Tractors Manufacturer
4.3.3 End User
5. Europe Compact Tractors Market – Key Industry Dynamics
5.1 Europe Compact Tractors Market – Key Industry Dynamics
5.2 Market Drivers
5.2.1 Increase in Technological Advancements in Agricultural Sector
5.2.2 Use of Compact Tractors in Animal Management, Driveway Maintenance, and Lawn Care
5.2.3 Increase in Number of Small-Scale Agricultural Farms
5.3 Market Restraints
5.3.1 Operational Limitations of Compact Tractors
5.4 Market Opportunities
5.4.1 Use of Compact Tractors in Various End-Use Applications
5.5 Future Trends
5.5.1 Electrification of Compact Tractors
5.6 Impact of Drivers and Restraints:
6. Compact Tractors Market – Europe Market Analysis
6.1 Europe Compact Tractors Market Revenue (US$ Million), 2022 – 2030
6.2 Europe Compact Tractors Market Forecast and Analysis
7. Europe Compact Tractors Market Analysis – Capacity
7.1.1 Europe Compact Tractors Market, By Capacity (2022 and 2030)
7.2 Below 30 HP
7.2.1 Overview
7.2.2 Below 30 HP: Europe Compact Tractors Market, Revenue and Forecast to 2030 (US$ Million)
7.3 HP – 40 HP
7.3.1 Overview
7.3.2 HP – 40 HP: Europe Compact Tractors Market, Revenue and Forecast to 2030 (US$ Million)
7.4 HP – 60 HP
7.4.1 Overview
7.4.2 HP – 60 HP: Europe Compact Tractors Market, Revenue and Forecast to 2030 (US$ Million)
8. Europe Compact Tractors Market Analysis – Drive Type
8.1.1 Europe Compact Tractors Market, By Drive Type (2022 and 2030)
8.2 Two-Wheel Drive
8.2.1 Overview
8.2.2 Two-Wheel Drive: Europe Compact Tractors Market, Revenue and Forecast to 2030 (US$ Million)
8.3 Four-Wheel Drive
8.3.1 Overview
8.3.2 Four-Wheel Drive: Europe Compact Tractors Market, Revenue and Forecast to 2030 (US$ Million)
9. Europe Compact Tractors Market Analysis – End Use
9.1.1 Europe Compact Tractors Market, By End Use (2022 and 2030)
9.2 Agriculture
9.2.1 Overview
9.2.2 Agriculture: Europe Compact Tractors Market Revenue and Forecast to 2030 (US$ Million)
9.3 Utility
9.3.1 Overview
9.3.2 Utility: Europe Compact Tractors Market, Revenue and Forecast to 2030 (US$ Million)
10. Europe Compact Tractors Market – Country Analysis
10.1 Europe
10.1.1 Europe Compact Tractors Market Revenue and Forecasts and Analysis – By Country
10.1.1.1 Germany: Europe Compact Tractors Market Revenue and Forecasts to 2030 (US$ Mn)
10.1.1.1.1 Germany: Europe Compact Tractors Market Breakdown by Capacity
10.1.1.1.2 Germany: Europe Compact Tractors Market Breakdown by Drive Type
10.1.1.1.3 Germany: Europe Compact Tractors Market Breakdown by End Use
10.1.1.2 France: Europe Compact Tractors Market Revenue and Forecasts to 2030 (US$ Mn)
10.1.1.2.1 France: Europe Compact Tractors Market Breakdown by Capacity
10.1.1.2.2 France: Europe Compact Tractors Market Breakdown by Drive Type
10.1.1.2.3 France: Europe Compact Tractors Market Breakdown by End Use
10.1.1.3 Italy: Europe Compact Tractors Market Revenue and Forecasts to 2030 (US$ Mn)
10.1.1.3.1 Italy: Europe Compact Tractors Market Breakdown by Capacity
10.1.1.3.2 Italy: Europe Compact Tractors Market Breakdown by Drive Type
10.1.1.3.3 Italy: Europe Compact Tractors Market Breakdown by End Use
10.1.1.4 UK: Europe Compact Tractors Market Revenue and Forecasts to 2030 (US$ Mn)
10.1.1.4.1 UK: Europe Compact Tractors Market Breakdown by Capacity
10.1.1.4.2 UK: Europe Compact Tractors Market Breakdown by Drive Type
10.1.1.4.3 UK: Europe Compact Tractors Market Breakdown by End Use
10.1.1.5 Russia: Europe Compact Tractors Market Revenue and Forecasts to 2030 (US$ Mn)
10.1.1.5.1 Russia: Europe Compact Tractors Market Breakdown by Capacity
10.1.1.5.2 Russia: Europe Compact Tractors Market Breakdown by Drive Type
10.1.1.5.3 Russia: Europe Compact Tractors Market Breakdown by End Use
10.1.1.6 Rest of Europe: Europe Compact Tractors Market Revenue and Forecasts to 2030 (US$ Mn)
10.1.1.6.1 Rest of Europe: Europe Compact Tractors Market Breakdown by Capacity
10.1.1.6.2 Rest of Europe: Europe Compact Tractors Market Breakdown by Drive Type
10.1.1.6.3 Rest of Europe: Europe Compact Tractors Market Breakdown by End Use
11. Industry Landscape
11.1 Overview
11.2 Market Initiative
11.3 New Product Development
11.4 Merger and Acquisition
12. Company Profiles
12.1 Argo Tractors SpA
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Same Deutz-Fahr Italia SpA
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Iseki and Co Ltd
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Yanmar Holdings Co Ltd
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 AGCO Corp
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 CNH Industrial NV
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 Deere & Co
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 Kubota Corp
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 Mahindra & Mahindra Ltd
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
13. Appendix
13.1 About the Research Team
LIST OF TABLES
Table 1. Europe Compact Tractors Market Segmentation
Table 2. Europe Compact Tractors Market Revenue and Forecasts To 2030 (US$ Million)
Table 3. Europe Compact Tractors Market Revenue and Forecasts To 2030 (US$ Million) – Capacity
Table 4. Europe Compact Tractors Market Revenue and Forecasts To 2030 (US$ Million) – Drive Type
Table 5. Europe Compact Tractors Market Revenue and Forecasts To 2030 (US$ Million) – End Use
Table 6. Germany: Europe Compact Tractors Market Revenue and Forecasts To 2030 (US$ Mn) – By Capacity
Table 7. Germany: Europe Compact Tractors Market Revenue and Forecasts To 2030 (US$ Mn) – By Drive Type
Table 8. Germany: Europe Compact Tractors Market Revenue and Forecasts To 2030 (US$ Mn) – By End Use
Table 9. France: Europe Compact Tractors Market Revenue and Forecasts To 2030 (US$ Mn) – By Capacity
Table 10. France: Europe Compact Tractors Market Revenue and Forecasts To 2030 (US$ Mn) – By Drive Type
Table 11. France: Europe Compact Tractors Market Revenue and Forecasts To 2030 (US$ Mn) – By End Use
Table 12. Italy: Europe Compact Tractors Market Revenue and Forecasts To 2030 (US$ Mn) – By Capacity
Table 13. Italy: Europe Compact Tractors Market Revenue and Forecasts To 2030 (US$ Mn) – By Drive Type
Table 14. Italy: Europe Compact Tractors Market Revenue and Forecasts To 2030 (US$ Mn) – By End Use
Table 15. UK: Europe Compact Tractors Market Revenue and Forecasts To 2030 (US$ Mn) – By Capacity
Table 16. UK: Europe Compact Tractors Market Revenue and Forecasts To 2030 (US$ Mn) – By Drive Type
Table 17. UK: Europe Compact Tractors Market Revenue and Forecasts To 2030 (US$ Mn) – By End Use
Table 18. Russia: Europe Compact Tractors Market Revenue and Forecasts To 2030 (US$ Mn) – By Capacity
Table 19. Russia: Europe Compact Tractors Market Revenue and Forecasts To 2030 (US$ Mn) – By Drive Type
Table 20. Russia: Europe Compact Tractors Market Revenue and Forecasts To 2030 (US$ Mn) – By End Use
Table 21. Rest of Europe: Europe Compact Tractors Market Revenue and Forecasts To 2030 (US$ Mn) – By Capacity
Table 22. Rest of Europe: Europe Compact Tractors Market Revenue and Forecasts To 2030 (US$ Mn) – By Drive Type
Table 23. Rest of Europe: Europe Compact Tractors Market Revenue and Forecasts To 2030 (US$ Mn) – By End Use
LIST OF FIGURES
Figure 1. Europe Compact Tractors Market Segmentation, By Country
Figure 2. PEST Analysis
Figure 3. Ecosystem: Europe Compact Tractors Market
Figure 4. Impact Analysis of Drivers and Restraints
Figure 5. Europe Compact Tractors Market Revenue (US$ Million), 2022 – 2030
Figure 6. Europe Compact Tractors Market Share (%) – Capacity, 2022 and 2030
Figure 7. Below 30 HP: Europe Compact Tractors Market Revenue and Forecasts To 2030 (US$ Million)
Figure 8. HP – 40 HP: Europe Compact Tractors Market Revenue and Forecasts To 2030 (US$ Million)
Figure 9. HP – 60 HP: Europe Compact Tractors Market Revenue and Forecasts To 2030 (US$ Million)
Figure 10. Europe Compact Tractors Market Share (%) – Drive Type, 2022 and 2030
Figure 11. Two-Wheel Drive: Europe Compact Tractors Market Revenue and Forecasts To 2030 (US$ Million)
Figure 12. Four-Wheel Drive: Europe Compact Tractors Market Revenue and Forecasts To 2030 (US$ Million)
Figure 13. Europe Compact Tractors Market Share (%) – End Use, 2022 and 2030
Figure 14. Agriculture: Europe Compact Tractors Market Revenue and Forecasts To 2030 (US$ Million)
Figure 15. Utility: Europe Compact Tractors Market Revenue and Forecasts To 2030 (US$ Million)
Figure 16. Europe Compact Tractors Market, By Key Country – Revenue (2022) (US$ Million)
Figure 17. Europe Compact Tractors Market Breakdown by Key Countries, 2022 and 2030 (%)
Figure 18. Germany: Europe Compact Tractors Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 19. France: Europe Compact Tractors Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 20. Italy: Europe Compact Tractors Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 21. UK: Europe Compact Tractors Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 22. Russia: Europe Compact Tractors Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 23. Rest of Europe: Europe Compact Tractors Market Revenue and Forecasts To 2030 (US$ Mn)
The List of Companies – Europe Compact Tractors Market
1. AGCO Corp
2. Argo Tractors SpA
3. CNH Industrial NV
4. Deere & Co
5. Iseki and Co Ltd
6. Kubota Corp
7. Mahindra & Mahindra Ltd
8. Same Deutz-Fahr Italia SpA
9. Yanmar Holdings Co Ltd
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