Spain Agricultural Machinery Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The Spain Agricultural Machinery Market is Segmented on the Basis of Tractors, Planning and Fertilising Machinery, Haying and Forage, Irrigation Equipment, and Other Agricultural Equipment

Market Snapshot

spain-agricultural-machinery-market
Study Period: 2016 - 2026
Base Year: 2019
CAGR: 4.8 %

Need a report that reflects how COVID-19 has impacted this market and its growth?

Market Overview

The Spanish agricultural machinery market is expected to register a CAGR of 4.8% during the 2020–2025. Spain's agricultural machinery is characterized by a large number of medium and large-sized enterprises, along with foreign manufacturers. Small businesses have consolidated their positions, exporting parts, while medium and large manufacturers are focused on increasing both exports and revenues. The market for agricultural machinery in Spain is impacted by factors like an optimized supply chain, productivity concern, a decline in the experienced labor force, and involvement of FDI in agriculture.

Scope of the Report

For this report, the machinery used in agricultural operations has been considered. The report does not cover machinery used for industrial and construction purposes. The report defines the market in terms of end-users, who procure machinery for agricultural production applications only. The end-users include farmers and institutional buyers, operating in agriculture, and allied production.

Tractors
Horse Power
Less than 50 HP
50- 80 HP
80-120 HP
Greater than 120 HP
Ploughing and Cultivating Machinery
Ploughs
Harrows
Cultivators and Tillers
Other Ploughing and Cultivating Machinery
Planting Machinery
Seed Drills
Planters
Spreaders
Other Planting Machinery
Harvesting Machinery
Combine Harvesters- Threshers
Forage Harvesters
Other Machinery
Haying and Forage Machinery
Mower- Conditioners
Balers
Other Machinery

Report scope can be customized per your requirements. Click here.

Key Market Trends

Increasing Importance of Mechanization in Productivity

Agricultural mechanization has shifted from traditional tools to sophisticated machinery to meet the targets of capacity enhancement, timeliness of farm operations, and efficient utilization of inputs. It has also been observed that the percentage growth of tractors, pump sets, and threshers has been higher in marginal and smallholding categories as farmers are more aware of mechanization's importance. In the current scenario, farmers are achieving higher yields by adopting technologies such as drip irrigation systems and fertigation, driving the demand in the Spanish market for agricultural machinery and technology. The Government of Spain recognizes the impact that farm technologies and machinery have on the country's agricultural sector, where 6% of Spain's workers are employed in agriculture, contributing to about 3% of the county's GDP. Owing to these benefits, the government is providing subsidies to farmers, making them aware of the benefits of agricultural mechanization. The European Union spent more than USD 72 billion on agricultural development in 2016, of which close to half was spent on direct subsidies like the Single Farm Payment subsidy. The EU's Common Agricultural Policy is among the world's largest agricultural policies that have undergone significant changes over the decades to include the technological development in equipment.

spain-agricultural-machinery-market

Tractors Dominate the Agricultural Machinery Market

The usage of tractors brought about an important change in agricultural mechanization in the country. The introduction of tractors as a power source provided the possibility of covering large agricultural areas quickly. International players dominate the agricultural tractor market in the country. In 2017, Deere & Company accounted for 22.2% of the market, followed by New Holland 17.4%, and Case IH 6.8%. In 2019, the total market of tractors in the country was 44,542 units. Since 2000, the mean price of an average tractor in 2019 increased by 108.1%. Nearly half of such an increase is due to compliance with environmental and safety regulations.

spain-agricultural-machinery-market

Competitive Landscape

In the Spanish agricultural machinery market, companies are not only competing based on equipment quality and promotion. Still, they are also focused on strategic moves to hold larger market shares. New product launches, partnerships, and acquisitions are major strategies adopted by the leading companies. International players dominate the market. These players accounted for 80% of the market in 2019.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

    3. 4.3 Market Restraints

    4. 4.4 Porters Five Force Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 Tractors

      1. 5.1.1 Horse Power

        1. 5.1.1.1 Less than 50 HP

        2. 5.1.1.2 50- 80 HP

        3. 5.1.1.3 80-120 HP

        4. 5.1.1.4 Greater than 120 HP

    2. 5.2 Ploughing and Cultivating Machinery

      1. 5.2.1 Ploughs

      2. 5.2.2 Harrows

      3. 5.2.3 Cultivators and Tillers

      4. 5.2.4 Other Ploughing and Cultivating Machinery

    3. 5.3 Planting Machinery

      1. 5.3.1 Seed Drills

      2. 5.3.2 Planters

      3. 5.3.3 Spreaders

      4. 5.3.4 Other Planting Machinery

    4. 5.4 Harvesting Machinery

      1. 5.4.1 Combine Harvesters- Threshers

      2. 5.4.2 Forage Harvesters

      3. 5.4.3 Other Machinery

    5. 5.5 Haying and Forage Machinery

      1. 5.5.1 Mower- Conditioners

      2. 5.5.2 Balers

      3. 5.5.3 Other Machinery

    6. 5.6 Irrigation Machinery

    7. 5.7 Spraying Equipment

    8. 5.8 Other Machinery

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Most Adopted Strategies

    2. 6.2 Market Share Analysis

    3. 6.3 Company Profiles

      1. 6.3.1 Deere and Company

      2. 6.3.2 AGCO Corp.

      3. 6.3.3 CNH Industrial NV

      4. 6.3.4 Iseki & Co. Ltd

      5. 6.3.5 Kuhn Group

      6. 6.3.6 Landini

      7. 6.3.7 Fendt

      8. 6.3.8 Lamborghini

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability

You can also purchase parts of this report. Do you want to check out a section wise price list?

Frequently Asked Questions

The Spain Agricultural Machinery Market market is studied from 2016 - 2026.

The Spain Agricultural Machinery Market is growing at a CAGR of 4.8% over the next 5 years.

Deere & Company, CNH Industrial, Kubota Europe SAS, LAMBORGHINI TRACTORS are the major companies operating in Spain Agricultural Machinery Market.

80% of our clients seek made-to-order reports. How do you want us to tailor yours?

Please enter a valid email id!

Please enter a valid message!