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DUBLIN, April 22, 2022 /PRNewswire/ — The “Germany Tractor Market – Industry Analysis & Forecast 2022-2028” report has been added to ResearchAndMarkets.com’s offering.
The German agriculture tractor market is expected to grow at a CAGR of 5.10% during 2022-2028
The study considers a detailed scenario of the present market and its market dynamics for 2022-2028. It covers a detailed overview of several market growth enablers, restraints, and trends. The report offers both the demand and supply aspects of the market. It profiles and examines leading companies and other prominent ones operating in the market.
GERMANY TRACTOR MARKET SEGMENTATION
Tractors are the most profitable segment of agricultural equipment in Germanyaccounting for nearly 80% of total revenue. In addition, Germany is the leading tractor exporter in Europe in terms of unit sales. Tractors manufactured in Germany account for more than two-thirds of all tractors produced in Europe.
VENDOR LANDSCAPE
The key players in the Germany agriculture tractor market are John Deere, CNH Industrial, AGCO, TAFE, and Kubota. In terms of units sold, John Deere and Fendt are the market leaders which accounted for more than 40% of overall German agriculture tractors market in 2021, and in terms of exports, Fendt emerges as the largest exporter of tractors manufactured in Germanyit is the largest manufacturer and seller in Germany.
KEY HIGHLIGHTS
- Germany Agriculture Tractor Market is expected to grow significantly at a CAGR of 5.10% (by Volume) during the forecast period 2021-2028. 2-Wheel-Drive segment accounted more than 85% from the overall tractor market. 50-100 HP segment accounted for the largest market share is expected to grow at a CAGR of 5.04% (by Volume) during the forecast period.
- Germany is the Europe’s largest tractors market. The two biggest agricultural tractor markets in Europe – Germany and Franceaccounting for almost four agricultural tractors out of 10 registered in Europe. Agriculture tractors accounted for 93% of the overall German tractors market in 2021.
- With approximately 80%…
Full story available on Benzinga.com
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