Europe Utility Tractor Market Size

Statistics for the 2023 & 2024 Europe Utility Tractor market size, created by Mordor Intelligence™ Industry Reports. Europe Utility Tractor size report includes a market forecast to 2029 and historical overview. Get a sample of this industry size analysis as a free report PDF download.

Market Size of Europe Utility Tractor Industry

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Europe Utility Tractor Market Size
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

Europe Utility Tractor Market Key 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.

Europe Utility Tractor Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)