France Agricultural Machinery Market Size

France Agricultural Machinery Market Analysis

The France agricultural machinery market is expected to register a CAGR of 3.2% during the forecast period.

• Agricultural machinery has been growing steadily in France over the study period. Rising mechanization in the France agriculture sector, coupled with the surge in farmers' income, is likely to be a primary factor driving the growth. Further, the extensive pressure to improve agricultural land productivity is expected to foster over the forecast period, which will directly promote the tendency of farmers or land operators toward incorporating automation technologies in this equipment.
• Additionally, technologically advanced agricultural robotics, like autonomous tractors, plowing and cultivating machinery, planting machinery, harvesting machinery, haying, and forage machinery, as well as irrigation machinery, help France farmers produce food at low costs to fulfill the growing demand for food, are anticipated to be better prospects for market growth during the coming year. Furthermore, with the increased focus on food security, the agricultural machinery used on farms, especially tractors and power tillers, has grown considerably over recent years. According to sales statistics released by the Conveyor Equipment Manufacturers Association (CEMA) in 2021, registrations of standard tractors increased by 2.7% in 2021, reaching 24,543 units.
• Moreover, the French Government has framed programs to support and finance the purchase of agricultural machinery and equipment and training for the operators of agricultural machinery. For instance, in 2020, the Chinese Ministry of Finance issued more than USD 2.8 billion in subsidies for agricultural machinery purchases. All these factors are driving the market in France. However, the slow adoption rate of mechanization by small and marginal farmers, high maintenance costs, and the reliability of traditional implements owing to small land holdings hinders the market's growth.