Europe Agricultural Equipment Market Projected to Reach $65.84 Billion by 2032

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The European agricultural equipment market is expected to grow from $45.12 billion in 2023 to $65.84 billion by 2032, at a Compound Annual Growth Rate (CAGR) of 4.29% from 2024 to 2032.

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Europe Agricultural Equipment Market Overview

Agricultural equipment encompasses a wide range of machinery and tools used in farming to increase productivity and efficiency.

Growth Factors in the Europe Agricultural Equipment Industry

Technological Advancements: Innovations such as precision farming tools, GPS-guided machinery, and automation systems enhance productivity and efficiency.
Government Policies and Support: European government policies and support programs provide financial assistance for purchasing modern machinery and technology.
Rising Demand for Sustainable Agriculture: The growing emphasis on sustainability in agriculture drives demand for equipment that supports sustainable practices.

Key Players in the Europe Agricultural Equipment Market

John Deere
AGCO
CLAAS KGaA
First Tractor Company Limited
Kubota Corporation

Recent Developments

CNH Industrial NV debuted the CR11 New Holland combine at Agritechnica ’23.
Yanmar Co. Ltd. and International Tractors Limited (ITL) formed a strategic alliance to expand product lines and network.
Yara and John Deere partnered to increase crop yields and fertilizer efficiency.
New Holland introduced the T7 Methane Power tractor, a revolutionary prototype with enhanced economy and extended fill times.

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