Market Size of Europe Utility Tractor Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 2.80 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Europe Utility Tractor Market Analysis
Europe Utility Tractor Market is projected to grow at a CAGR of 2.8% during the forecast period (2020-2025). The rise in labor cost and increase in agricultural factor income are some of the factors driving the market for utility tractors in the region. An acute shortage of farm labor has currently surfaced on the farm fields in the region. Compact utility tractors (40HP-70HP) are being increasingly adopted by small-scale farmers as they are much smaller in size than the average agricultural tractors and are priced much lower. In Europe, Germany France, and Italy are the largest markets for utility tractor sales in the region which account for a major share in this segment in the region.
