Over 39 thousand Units of Tractors are to be Sold by 2028 in France. Precision Farming Creating Lucrative Opportunities for the Vendors - Arizton

·4 min read
SIRIUS MANAGEMENT CONSULTING
SIRIUS MANAGEMENT CONSULTING

The agricultural tractor market in France witnessed shipments of 29,319 units in 2021 and the shipments are expected to reach 39,213 units by 2028.

Chicago, May 16, 2022 (GLOBE NEWSWIRE) -- According to Arizton’s latest research report, the France tractor market is growing at a CAGR of 4.24% during 2022-2028. The increasing penetration and the adoption of farm mechanization practices throughout France have been driving the sales of new tractors. Mechanized solutions, such as the super straw management system (SMS) and expanding Custom Hiring Centres (CHCs) for stubble management, are major drivers of tractor market growth in France.

France Tractor Market Report Scope

Report Attributes

Details

MARKET SIZE (VOLUME)

39,213 UNITS (2028)

CAGR

4.24% (2022-2028)

LARGEST SEGMENT BY HORSEPOWER

LESS THAN 50 HP

LARGEST SEGMENT BY DRIVE TYPE

2-WHEEL-DRIVE

LARGEST SEGMENT BY REGION

FRANCE (NORTH)

BASE YEAR

2021

HISTORIC YEAR

2019-2020

FORECAST YEAR

2022-2028

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How is the Adoption of Precision Farming Impacting the Tractor Market in France?

In recent years, France has seen rapid growth in population. In 2020, France's population exceeded 67.4 million people and is expected to reach 72 million people by 2050. The adoption of precision agriculture methods and smart tractors will remain responsible for increasing the total yield and combating the present challenges of water scarcity and reduction in net yields. Smart tractors have the capability to operate innovative machines and collaborate with the latest agriculture application systems and equipment. Farmers can achieve maximum efficiency for every outcome in the field with precision agriculture solutions, which include innovations like the automated placement of the proper seed and nutrition at the right location and time. Moreover, the need to adopt precision farming techniques with smart tractors is high to effectively mitigate the challenges of food production and increase the net income of farmers.

Key Insights

  • In 2020, France was the 2nd largest agriculture tractor market after Germany across European region, with an overall unit registration of 26,121 units. The increase in tractor sales and crop production resulted from favorable monsoon rains in 2019 and 2020, which helped the country to recover from the drought-induced low in 2017 and the COVID-19 pandemic.

  • With approximately 38% of the share, tractors account for the largest segment of agriculture equipment in France. Tractors can be rightfully called the backbone of the France agriculture industry.

  • France is the world’s 5th largest exporter of agricultural tractors and tillage machinery. Agriculture tractors accounted for 98% of the overall France tractors market in 2021. In 2020, France exported $2.9 billion worth of tractors.

  • France's machinery and equipment (M&E) industry is the world's 3rd largest supplier of machinery. Despite the pandemic situation, the FDI investment in the machinery and equipment sector has attracted foreign investors.

  • John Deere, New Holland and Fendt dominated the France tractor market with a collective market share of around 50%.

Key Offerings

  • Market Size & Forecast by Volume| 2022−2028

  • Market Dynamics – Leading trends, growth drivers, restraints, and investment opportunities

  • Market Segmentation – Horsepower, drive type, and zone

  • Competitive Landscape – 5 key Vendors and 7 Other prominent vendors

Segmentation Analysis

Horsepower

  • Less Than 50 HP

  • 50−100 HP

  • 101−150 HP

  • 151−200 HP

  • 201−300 HP

  • 301−400 HP

  • ABOVE 400 HP

Drive Type

  • 2-Wheel-Drive

  • 4-Wheel-Drive

Zone

  • France

    • North

    • East

    • West

    • South

Vendors Insights

The tractor market in France is highly consolidated. Companies are focusing on increasing their market share, primarily through acquisitions and investments in R&D, along with supply optimization. The threat of rivalry is high in the French agricultural tractor market, with 49.3% of the share belonging to the top players. These players are thriving on innovation in the tractor market. They are increasingly investing in developing advanced agriculture tractor technology for precision farming and machine automation. Leading global players are increasingly investing in developing manufacturing capabilities to cater to the demand for low-end HP tractors. Customers regard John Deere as a reliable and powerful tractor brand.

Key Vendors

  • John Deere

  • CNH Industrial

  • AGCO

  • Kubota

  • TAFE

Other Prominent Vendors

  • SDF

  • Action Construction Equipments Ltd. (ACE)

  • Iseki

  • Deutz-Fahr

  • Mahindra & Mahindra

  • Yanmar

  • The Escorts Group

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About Arizton:

Arizton Advisory and Intelligence is an innovation and quality-driven firm, which offers cutting-edge research solutions to clients across the world. We excel in providing comprehensive market intelligence reports and advisory and consulting services.

We offer comprehensive market research reports on industries such as consumer goods & retail technology, automotive and mobility, smart tech, healthcare, and life sciences, industrial machinery, chemicals, and materials, IT and media, logistics and packaging. These reports contain detailed industry analysis, market size, share, growth drivers, and trend forecasts.

Arizton comprises a team of exuberant and well-experienced analysts who have mastered in generating incisive reports. Our specialist analysts possess exemplary skills in market research. We train our team in advanced research practices, techniques, and ethics to outperform in fabricating impregnable research reports.

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CONTACT: Arizton Advisory and Intelligence Call: +1-312-235-2040 +1 302 469 0707


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