Industry Statistics and Trends
Agricultural & Forestry Machinery in Europe key trends
Logging activity resists afforestation strategies.
The level of logging in Europe has not been adversely affected by afforestation and reforestation initiatives, sustaining demand for forestry machinery.
Innovative features will support sales moving forward.
Farmers are seeking highly specialised solutions to extract the most value out of their land and will pay big bucks for agricultural machinery that enables this.
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Agricultural & Forestry Machinery in Europe
Industry Revenue
Total value and annual change from 2011-2029. Includes 5-year outlook.
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Agricultural & Forestry Machinery in Europe market size (2019-2024)
Industry revenue has declined at a CAGR of 2.9 % over the past five years, to reach an estimated €77.0bn in 2024.
Trends and Insights
Tractor registrations dip in 2022 amid multiple economic headwinds
- Compared to 2021, European tractor registrations fell by 8.7% in 2022, according to CEMA. Continuing disruptions to supply chains resulted in bottlenecks in the supply of components and raw materials, elevating the cost of manufacturing tractors.
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Agricultural & Forestry Machinery in Europe outlook (2024-2029)
Market size is projected to grow over the next five years.
Innovation will drive an uptick in profitability
- Manufacturers are responding to calls for a more climate change-resistant agricultural sector by investing heavily in precision farming, drip irrigation systems and mechanised harvesting.
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Revenue
€77.0bn
Employees
303k
Wages
€X.Xbn
European Leaders & Laggards
Top 5 Countries
- Hungary +7.3%
- Poland +6.9%
- United Kingdom +5.0%
- Denmark +4.8%
- Slovakia +3.7%
Bottom 5 Countries
- Norway -9.0%
- Switzerland -7.8%
- Bulgaria -4.6%
- Latvia -4.1%
- Romania -2.6%
* CAGR values are for the years 2019-2024.
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Biggest companies in the Agricultural & Forestry Machinery in Europe
| Company | Market Share (%)
2024 | Revenue (€m)
2024 | Profit (€m)
2024 | Profit Margin (%)
2024 |
|---|---|---|---|---|
Claas KGaA mbH | 6,550.3 | 563.3 | 8.6 | |
Deere & Company | 48,314.0 | 5,942.6 | 12.3 | |
AGCO Corporation | 12,887.0 | 1,363.1 | 10.6 |
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Agricultural & Forestry Machinery in Europe
Products & Services Segmentation
Industry revenue broken down by key product and services lines.
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Top Questions Answered in this Report
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What is the market size of the Agricultural & Forestry Machinery industry in Europe in 2024?
The market size of the Agricultural & Forestry Machinery industry in Europe is €77.0bn in 2024.
How many businesses are there in the Agricultural & Forestry Machinery in Europe industry in 2024?
There are 9,736 businesses in the Agricultural & Forestry Machinery industry in Europe, which has grown at a CAGR of 1.5 % between 2019 and 2024.
Has the Agricultural & Forestry Machinery industry in Europe grown or declined over the past 5 years?
The market size of the Agricultural & Forestry Machinery industry in Europe has been declining at a CAGR of 2.9 % between 2019 and 2024.
What is the forecast growth of the Agricultural & Forestry Machinery industry in Europe over the next 5 years?
Over the next five years, the Agricultural & Forestry Machinery industry in Europe is expected to grow.
What does the Agricultural & Forestry Machinery in Europe include?
Tractors and Agricultural and forestry machinery are part of the Agricultural & Forestry Machinery industry.
Which countries have the most businesses in the Agricultural & Forestry Machinery industry in Europe?
The European country with the most businesses in the Agricultural & Forestry Machinery industry is Italy.
How competitive is the Agricultural & Forestry Machinery industry in Europe?
The level of competition is high and increasing in the Agricultural & Forestry Machinery industry in Europe.
Related Industries
This industry is covered in 37 countries
- Agricultural & Forestry Machinery in Greece
- Agricultural & Forestry Machinery in Romania
- Agricultural & Forestry Machinery in Norway
- Agricultural & Forestry Machinery in Italy
- Agricultural & Forestry Machinery in the UK
- Agricultural & Forestry Machinery in Denmark
- Agricultural & Forestry Machinery in Germany
- Agricultural & Forestry Machinery in Latvia
- Agricultural & Forestry Machinery in Bosnia & Herzegovina
- Agricultural & Forestry Machinery Manufacturing in the UK
- Agricultural & Forestry Machinery Manufacturing in Germany
- Agricultural & Forestry Machinery in Luxembourg
- Agricultural & Forestry Machinery in Russia
- Agricultural & Forestry Machinery in Slovakia
- Agricultural & Forestry Machinery in Hungary
- Agricultural & Forestry Machinery in Poland
- Agricultural & Forestry Machinery in Finland
- Agricultural & Forestry Machinery in Croatia
- Agricultural & Forestry Machinery in Slovenia
- Agricultural & Forestry Machinery in Austria
- Agricultural & Forestry Machinery in France
- Agricultural & Forestry Machinery in Lithuania
- Agricultural & Forestry Machinery in the Netherlands
- Agricultural & Forestry Machinery in Belgium
- Agricultural & Forestry Machinery in Sweden
- Agricultural & Forestry Machinery in Cyprus
- Agricultural & Forestry Machinery in Estonia
- Agricultural & Forestry Machinery in Europe
- Agricultural & Forestry Machinery in Spain
- Agricultural & Forestry Machinery in Portugal
- Agricultural & Forestry Machinery in Serbia
- Agricultural & Forestry Machinery in Switzerland
- Agricultural & Forestry Machinery in Czechia
- Agricultural & Forestry Machinery in Turkey
- Agricultural & Forestry Machinery in Ireland
- Agricultural & Forestry Machinery in Bulgaria
- Agricultural & Forestry Machinery in Iceland
Table of Contents
About this industry
Industry definition
This industry manufactures equipment used by the agricultural and forestry sectors, including various tractors and machinery types. Manufacturing lawnmowers, agricultural trailers, soil preparation, planting and fertilising machinery, milking machines and harvesting machinery are all industry-related.
Related Terms
TillerThreshing MachineScarifierWhat's included in this industry?
TractorsAgricultural and forestry machineryGarden machineryParts for installation, maintenance and repairCompanies
Claas KGaA mbHDeere & CompanyAGCO CorporationIndustry Code
2821 - Manufacture of agricultural and forestry machinery in Europe
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Performance
Key Takeaways
Tractor registrations dip in 2022 amid multiple economic headwinds
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Revenue Highlights
Trends
- Revenue
- 2024 Revenue CAGR
- Revenue Volatility
Employment Highlights
Trends
- Employees
- Employees per Business
- Revenue per Employee
Business Highlights
Trends
- Businesses
- Employees per Business
- Revenue per Business
Profit Highlights
Trends
- Total Profit
- Profit Margin
- Profit per Business
Current Performance
Charts
- Revenue in the Agricultural & Forestry Machinery in Europe industry (2011 -2029)
- Employees in the Agricultural & Forestry Machinery in Europe industry (2011 -2029)
- Business in the Agricultural & Forestry Machinery in Europe industry (2011 -2029)
- Profit in the Agricultural & Forestry Machinery in Europe industry (2011 -2029)
Analysis
What's driving current industry performance in the Agricultural & Forestry Machinery in Europe industry?
Outlook
Analysis
What's driving the Agricultural & Forestry Machinery in Europe industry outlook?
Volatility
Analysis
What influences volatility in the Agricultural & Forestry Machinery in Europe industry?
Charts
- Industry Volatility vs. Revenue Growth Matrix
Life Cycle
Analysis
What determines the industry life cycle stage in the Agricultural & Forestry Machinery in Europe industry?
Charts
- Industry Life Cycle Matrix
Products and Markets
Highlights
Trends
- Largest Market
- Product Innovation
Key Takeaways
Machinery sales depend highly on the economic climate. Strong economic headwinds often discourage large investments in new machinery, with farmers often choosing to repair and maintain their current vehicles.
Products and Services
Charts
- Products and Services Segmentation
Analysis
How are the Agricultural & Forestry Machinery in Europe industry's products and services performing?
Analysis
What are innovations in the Agricultural & Forestry Machinery in Europe industry's products and services?
Major Markets
Charts
- Major Market Segmentation
Analysis
What influences demand in the Agricultural & Forestry Machinery in Europe industry?
International Trade
Highlights
- Largest Importer
- Smallest Importer
- Total Imports into Europe
- Largest Exporter
- Smallest Exporter
- Total Exports into Europe
Heat maps
- Industry Concentration of Imports by Country
- Industry Concentration of Exports by Country
Data Tables
Value and annual change (%) included
- Number of Imports and Exports by European Country (2024)
Geographic Breakdown
Business Locations
Heat maps
- Share of Total Industry Revenue by Region (2024)
- Share of Total Industry Enterprises by Region (2024)
- Share of Total Industry Employment by Region (2024)
- Share of Total Industry Wages by Region (2024)
Industry Geographic Breakdown
Data Tables
Values and annual change provided for 37 European countries:
- Revenue (2024)
- IVA (2024)
- Enterprises (2024)
- Employment (2024)
- Exports (2024)
- Imports (2024)
Competitive Forces
Highlights
Trends
- Concentration
- Competition
- Barriers to Entry
- Substitutes
- Buyer Power
- Supplier Power
Key Takeaways
A handful of companies dominate the top end. Given the high-tech specifications of tractors and other large agricultural machinery, only a select few companies have the resources and skills to manufacture the top-end products.
Supply Chain
Charts
Buyer and supply industries
Companies
Market Share
Charts
- Industry Market Share by Company (2019-2024)
Companies
Data Tables
Top 10 companies by market share:
- Market share (2024)
- Revenue (2024)
- Profit (2024)
- Profit Margin (2024)
Data Tables
- Countries of operation for Claas KGaA mbH
- Countries of operation for Deere & Company
- Countries of operation for AGCO Corporation
- Countries of operation for CNH Industrial NV
- Countries of operation for J C Bamford Excavators Ltd
- Countries of operation for SDF SpA
- Countries of operation for Kuhn Group SA
- Countries of operation for POTTINGER Landtechnik GmbH
- Countries of operation for Bernard Krone Holding SE & Co KG
- Countries of operation for Kubota Europe SAS
External Environment
Highlights
Trends
- Regulation & Policy
- Assistance
Key Takeaways
Regulations typically mirror automotive regulations and hinder innovation. Key representative organisations, such as CEMA, have expressed concerns about regulations that mirror the automotive industry as they hamper innovation and hinder global competitiveness.
External Drivers
Analysis
What demographic and macroeconomic factors impact the Agricultural & Forestry Machinery in Europe industry?
Financial Benchmarks
Highlights
Trends
- Profit Margin
- Average Wage
- Largest Cost
Key Takeaways
Falling steel prices help lift profit. Steel is a key input for the majority of agricultural machinery. Therefore, a reduction in its price lowers the cost of producing machinery, aiding growth in profitability.
Cost Structure
Charts
- Share of Economy vs. Investment Matrix
-
Industry Cost Structure Benchmarks:
- Marketing
- Depreciation
- Profit
- Purchases
- Wages
- Rent
- Utilities
- Other
Analysis
What trends impact cost in the Agricultural & Forestry Machinery in Europe industry?
Key Ratios
Data tables
- IVA/Revenue (2014-2029)
- Imports/Demand (2014-2029)
- Exports/Revenue (2014-2029)
- Revenue per Employee (2014-2029)
- Wages/Revenue (2014-2029)
- Employees per Establishment (2014-2029)
- Average Wage (2014-2029)
Country Benchmarks
European Leaders & Laggards
Data Tables
Top and boottom five countries listed for each:
- Revenue Growth (2024)
- Business Growth (2024)
- Job Growth (2024)
European Country Performance
Data Tables
Rankings available for 37 countries. Statistics ranked include:
- IVA/Revenue (2024)
- Imports/Demand (2024)
- Exports/Revenue (2024)
- Revenue per Employee (2024)
- Wages/Revenue (2024)
- Employees per Establishment (2024)
- Average Wage (2024)
Structural Comparison
Data Tables
Trends in 37 countries benchmarked against trends in Europe
- Concentration
- Competition
- Barriers to Entry
- Buyer Power
- Supplier Power
- Volatility
- Capital Intensity
- Innovation
- Life Cycle
Key Statistics
Industry Data
Data Tables
Including values and annual change:
- Revenue (2014-2029)
- IVA (2014-2029)
- Establishments (2014-2029)
- Enterprises (2014-2029)
- Employment (2014-2029)
- Exports (2014-2029)
- Imports (2014-2029)
- Wages (2014-2029)
Methodology
Where does IBISWorld source its data?
IBISWorld is a world-leading provider of business information, with reports on 5,000+ industries in Australia, New Zealand, North America, Europe and China. Our expert industry analysts start with official, verified and publicly available sources of data to build an accurate picture of each industry.
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and IBISWorld's proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
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