PUBLISHED DATE : Aug 2023 | Pages : 147
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Benelux Tractor Market Size, Share, and Trends Analysis Report By:
Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2023–2028
147 Pages
45 Tables
50 Charts
1 Regions
3 Countries
12 Companies
3 Market Segment
| Report Attribute | Details |
|---|---|
| Market Size (2028) | 7,477 Units |
| Market Size (2022) | 6,277 Units |
| CAGR (2022-2028) | 2.96% |
| HISTORIC YEAR | 2020-2021 |
| BASE YEAR | 2022 |
| FORECAST YEAR | 2023-2028 |
| SEGMENTS BY | Horsepower, Drive Type, and Geography |
| LARGEST SEGMENT BY HORSEPOWER | 50 HP-100 HP |
| LARGEST SEGMENT BY DRIVE TYPE | 2-Wheel Drive |
| LARGEST SEGMENT BY GEOGRAPHY | Belgium |
| KEY VENDORS | John Deere, CNH Industrial, AGCO, and Kubota |
The Benelux tractor market witnessed registrations of 6,277 units in 2022 and is expected to reach 7,477 units by 2028 growing at a CAGR of 2.96% during the forecast period. Governments must adopt effective and sustainable farming practices to ensure food security and safety. Developed countries implement the concept of precision agriculture to increase productivity. At the same time, the level of agricultural mechanization is still low in developing countries. Precision farming is a management concept under which crops are grown according to soil specifications.
Increasing Use of Bioenergy in Agricultural Tractors
Conventionally, farmers used diesel engine tractors known for their high power. Tractors are now more efficient and can complete tasks with less power requirements due to advances in machine technologies and engines. The volatility in diesel prices hampers the budget management of farmers. Thus, the Benelux tractor market witnesses a considerable demand for tractors that run on different fuels, such as plant oil and biogas-powered tractors.
Technological Advances in Tractor Technology
A new frontier of innovation emerged as agriculture met digital technology, opening various paths to a smart agricultural future. Tractor manufacturers are competitive, and companies constantly strive to innovate and ensure product differentiation at affordable prices. State-of-the-art technology-based tractors are currently available in the industry. GPS and remote sensing make farming more accurate and productive.
INSIGHTS BY HORSEPOWER
In 2022, the 50-100 HP segment recorded high growth in the Benelux tractor market. The major factor for the steady growth of the medium-power range of tractors is the increased business turnover among hobby and livestock farmers. The sales of Above 100 HP tractors in the country are expected to remain steady during the forecast period as farm sales will likely remain the same in the coming years.
INSIGHTS BY DRIVE TYPE
The Benelux tractor market in Benelux is dominated by low-range HP 2WD tractors. 2WD tractors are the most favored by farmers. The low relative cost of ownership, the sufficiency of features and haulage power, and convention make 2WD tractors more popular among farmers. Ease of driving and flexibility with light loads and in plain fields are major factors that boost the demand for two-wheel-drive tractors. John Deere, New Holland, and Fendt hold most of the 2-wheel drive tractors segment shares.
Belgium was the largest producer of agriculture and crop outputs in Benelux and accounted for a share of over 50% in the Benelux tractor market. The Belgian tractor industry comprises various stakeholders, including manufacturers, dealerships, distributors, and end-users. Several international and domestic tractor manufacturers operate in Belgium, offering various tractor models with different specifications and features. Some well-known tractor brands available in Belgium include John Deere, New Holland, Case IH, Massey Ferguson, and Fendt.
John Deere, New Holland, and Fendt dominated the Benelux tractor market with a collective industry share of over 40%. These players are thriving on innovation in the tractor industry. They are increasingly investing in developing advanced agriculture tractor technology for precision farming and machine automation.
Recent Developments in the Benelux Tractor Market
Frequently Asked Questions
What are the expected units sold in the Benelux tractor market by 2028?
Around 7,477 unit shipments will be sold in the Benelux tractor market by 2028.
What is the growth rate of the Benelux tractor market?
The Benelux tractor market share is expected to grow at a CAGR of 2.96% from 2022 to 2028.
How big is the Benelux tractor market?
Benelux tractor market size crossed shipments of 6,277 units in 2022.
Which region holds the largest Benelux tractor market share?
Belgium held the largest Benelux tractor market share, accounting for over 50% in 2022.
Who are the key companies in the Benelux tractor market?
John Deere, CNH Industrial, AGCO, and Kubota are the key players in the Benelux tractor market.
The Benelux tractor market witnessed shipments of 6,277 units in 2022 and is expected to reach 7,477 units by 2028.
The following factors are likely to contribute to the Benelux tractor market growth:
Base Year: 2022
Forecast Year: 2023-2028
The report considers the present scenario of the Benelux tractor market and its market dynamics for 2023−2028. It covers a detailed overview of several market growth enablers, restraints, and trends. The study covers both the demand and supply sides of the industry. It also profiles and analyzes leading companies and several other prominent companies operating in the industry.
Key Company Profiles
Other Prominent Vendors
Segmentation by Horsepower
Segmentation by Wheel Drive
Segmentation by Geography
1 RESEARCH METHODOLOGY
2 RESEARCH OBJECTIVES
3 RESEARCH PROCESS
4 SCOPE & COVERAGE
4.1 MARKET DEFINITION
4.1.1 INCLUSIONS
4.1.2 EXCLUSIONS
4.1.3 MARKET ESTIMATION CAVEATS
4.2 BASE YEAR
4.3 SCOPE OF THE STUDY
5 REPORT ASSUMPTIONS & CAVEATS
5.1 KEY CAVEATS
5.2 CURRENCY CONVERSION
5.3 MARKET DERIVATION
6 MARKET AT A GLANCE
7 PREMIUM INSIGHTS
8 INTRODUCTION
8.1 OVERVIEW
8.1 VALUE CHAIN ANALYSIS
8.1.1 OVERVIEW
8.1.2 RAW MATERIAL & COMPONENT SUPPLIERS
8.1.3 MANUFACTURERS
8.1.4 DEALERS/DISTRIBUTORS
8.1.5 RETAILERS
8.1.6 END-USERS
8.2 TECHNOLOGICAL ADVANCES
9 MARKET OPPORTUNITIES & TRENDS
9.1 INCREASED FOCUS ON SMART & AUTONOMOUS TRACTORS
9.1.1 SWATH CONTROL AND VARIABLE RATE TECHNOLOGY (VRT)
9.1.2 HIGH DEMAND FOR AUTONOMOUS EQUIPMENT
9.2 SHORTAGE OF AGRICULTURAL LABORERS
9.3 INCREASING USE OF BIOENERGY IN AGRICULTURAL TRACTORS
10 MARKET GROWTH ENABLERS
10.1 GOVERNMENT SUBSIDIES & CREDIT SUPPORT SYSTEMS
10.2 STRONG AGRICULTURAL COMMODITY PRICES SUPPORT MARKET
10.3 INCREASED FARM MECHANIZATION
11 MARKET RESTRAINTS
11.1 LACK OF AWARENESS OF LATEST INNOVATIONS IN AGRICULTURAL TRACTORS
11.1.1 LACK OF EDUCATION AMONG FARMERS
11.2 CLIMATE CHANGE ADVERSELY IMPACTS AGRICULTURAL ACTIVITIES
11.3 HIGH DEMAND FOR USED & RENTAL TRACTORS
12 MARKET LANDSCAPE
12.1 MARKET OVERVIEW
12.2 MARKET SIZE & FORECAST
12.3 FIVE FORCES ANALYSIS
12.3.1 THREAT OF NEW ENTRANTS
12.3.2 BARGAINING POWER OF SUPPLIERS
12.3.3 BARGAINING POWER OF BUYERS
12.3.4 THREAT OF SUBSTITUTES
12.3.5 COMPETITIVE RIVALRY
13 HORSEPOWER
13.1 MARKET SNAPSHOT & GROWTH ENGINE
13.2 MARKET OVERVIEW
13.3 LESS THAN 50 HP
13.3.1 MARKET OVERVIEW
13.3.2 MARKET SIZE & FORECAST
13.3.3 MARKET BY COUNTRY
13.4 50–100 HP
13.4.1 MARKET OVERVIEW
13.4.2 MARKET SIZE & FORECAST
13.4.3 MARKET BY COUNTRY
13.5 ABOVE 100 HP
13.5.1 MARKET OVERVIEW
13.5.2 MARKET SIZE & FORECAST
13.5.3 MARKET BY COUNTRY
14 DRIVE TYPE
14.1 MARKET SNAPSHOT & GROWTH ENGINE
14.2 MARKET OVERVIEW
14.3 2-WHEEL DRIVE
14.3.1 MARKET OVERVIEW
14.3.2 MARKET SIZE & FORECAST
14.3.3 MARKET BY COUNTRY
14.4 4-WHEEL DRIVE
14.4.1 MARKET OVERVIEW
14.4.2 MARKET SIZE & FORECAST
14.4.3 MARKET BY COUNTRY
15 COUNTRY
15.1 MARKET SNAPSHOT & GROWTH ENGINE
15.2 OVERVIEW
15.3 BELGIUM
15.3.1 MARKET OVERVIEW
15.3.2 MARKET SIZE & FORECAST
15.3.3 MARKET BY HORSEPOWER
15.3.4 MARKET BY DRIVE TYPE
15.4 NETHERLANDS
15.4.1 MARKET OVERVIEW
15.4.2 MARKET SIZE & FORECAST
15.4.3 MARKET BY HORSEPOWER
15.4.4 MARKET BY DRIVE TYPE
15.5 LUXEMBOURG
15.5.1 MARKET OVERVIEW
15.5.2 MARKET SIZE & FORECAST
15.5.3 MARKET BY HORSEPOWER
15.5.4 MARKET BY DRIVE TYPE
16 COMPETITIVE LANDSCAPE
16.1 COMPETITION OVERVIEW
16.1.1 RECENT DEVELOPMENTS BY TOP BRANDS
17 KEY COMPANY PROFILES
17.1 JOHN DEERE
17.1.1 BUSINESS OVERVIEW
17.1.2 PRODUCT OFFERINGS
17.1.3 KEY STRATEGIES
17.1.4 KEY STRENGTHS
17.1.5 KEY OPPORTUNITIES
17.2 CNH INDUSTRIAL
17.2.1 BUSINESS OVERVIEW
17.2.2 PRODUCT OFFERINGS
17.2.3 KEY STRATEGIES
17.2.4 KEY STRENGTHS
17.2.5 KEY OPPORTUNITIES
17.3 AGCO
17.3.1 BUSINESS OVERVIEW
17.3.2 PRODUCT OFFERINGS
17.3.3 KEY STRATEGIES
17.3.4 KEY STRENGTHS
17.3.5 KEY OPPORTUNITIES
17.4 KUBOTA
17.4.1 BUSINESS OVERVIEW
17.4.2 PRODUCT OFFERINGS
17.4.3 KEY STRATEGIES
17.4.4 KEY STRENGTHS
17.4.5 KEY OPPORTUNITIES
18 OTHER PROMINENT VENDORS
18.1 CLAAS
18.1.1 BUSINESS OVERVIEW
18.1.2 PRODUCT OFFERINGS
18.2 SOLIS
18.2.1 BUSINESS OVERVIEW
18.2.2 PRODUCT OFFERINGS
18.3 SAME DEUTZ-FAHR
18.3.1 BUSINESS OVERVIEW
18.3.2 PRODUCT OFFERINGS
18.4 LOVOL
18.4.1 BUSINESS OVERVIEW
18.4.2 PRODUCT OFFERINGS
18.5 MAHINDRA
18.5.1 BUSINESS OVERVIEW
18.5.2 PRODUCT OFFERINGS
18.6 ARBOS GROUP
18.6.1 BUSINESS OVERVIEW
18.6.2 PRODUCT OFFERINGS
18.7 KIOTI
18.7.1 BUSINESS OVERVIEW
18.7.2 PRODUCT OFFERINGS
18.8 YANMAR
18.8.1 BUSINESS OVERVIEW
18.8.2 PRODUCT OFFERINGS
19 REPORT SUMMARY
19.1 KEY TAKEAWAYS
19.2 STRATEGIC RECOMMENDATIONS
20 QUANTITATIVE SUMMARY
20.1 MARKET BY COUNTRY
20.2 MARKET BY HORSEPOWER
20.3 MARKET BY DRIVE TYPE
21 APPENDIX
21.1 ABBREVIATIONS
EXHIBIT 1 SEGMENTATION OF BENELUX AGRICULTURAL TRACTOR MARKET
EXHIBIT 2 MARKET SIZE CALCULATION APPROACH (2022)
EXHIBIT 3 BENELUX AGRICULTURAL TRACTOR MARKET REPORT HIGHLIGHTS
EXHIBIT 4 BENELUX AGRICULTURAL TRACTOR MARKET SEGMENTATION BY HORSEPOWER (2022)
EXHIBIT 5 DRIVE TYPE SEGMENTATION OVERVIEW (2022–2028)
EXHIBIT 6 BENELUX: COUNTRY-WISE SEGMENTATION OVERVIEW
EXHIBIT 7 MAJOR OPPORTUNITIES IN BENELUX AGRICULTURAL TRACTOR MARKET
EXHIBIT 8 RECENT DEVELOPMENTS BY TOP BRANDS
EXHIBIT 9 MAJOR VENDORS: OVERVIEW
EXHIBIT 10 VALUE CHAIN ANALYSIS OF BENELUX AGRICULTURAL TRACTOR MARKET
EXHIBIT 11 TECHNOLOGICAL DEVELOPMENTS IN AGRICULTURAL EQUIPMENT
EXHIBIT 12 IMPACT OF INCREASED FOCUS ON SMART & AUTONOMOUS TRACTORS
EXHIBIT 13 IMPACT OF SHORTAGE OF AGRICULTURAL LABORERS
EXHIBIT 14 IMPACT OF INCREASING USE OF BIOENERGY IN AGRICULTURAL TRACTORS
EXHIBIT 15 IMPACT OF GOVERNMENT SUBSIDIES & CREDIT SUPPORT SYSTEMS
EXHIBIT 16 IMPACT OF STRONG AGRICULTURAL COMMODITY PRICES SUPPORT MARKET
EXHIBIT 17 IMPACT OF INCREASED FARM MECHANIZATION
EXHIBIT 18 IMPACT OF LACK OF AWARENESS OF LATEST INNOVATIONS IN AGRICULTURAL TRACTORS
EXHIBIT 19 IMPACT OF CLIMATE CHANGE ADVERSELY IMPACTS AGRICULTURAL ACTIVITIES
EXHIBIT 20 IMPACT OF HIGH DEMAND FOR USED & RENTAL TRACTORS
EXHIBIT 21 BENELUX AGRICULTURAL TRACTOR MARKET 2020–2028 (UNITS)
EXHIBIT 22 FIVE FORCES ANALYSIS (2022)
EXHIBIT 23 INCREMENTAL GROWTH BY HORSEPOWER (2022 & 2028)
EXHIBIT 24 BENELUX AGRICULTURAL TRACTOR MARKET BY HORSEPOWER
EXHIBIT 25 BENELUX AGRICULTURAL TRACTOR MARKET BY HORSEPOWER 2020–2028 (%)
EXHIBIT 26 BENELUX AGRICULTURAL TRACTOR MARKET BY LESS THAN 50 HP 2020–2028 (UNITS)
EXHIBIT 27 BENELUX AGRICULTURAL TRACTOR MARKET BY 50–100 HP 2020–2028 (UNITS)
EXHIBIT 28 BENELUX AGRICULTURAL TRACTOR MARKET BY ABOVE 100 HP 2020–2028 (UNITS)
EXHIBIT 29 INCREMENTAL GROWTH BY DRIVE TYPE (2022 & 2028)I
EXHIBIT 30 BENELUX AGRICULTURAL TRACTOR MARKET BY DRIVE TYPE
EXHIBIT 31 BENELUX AGRICULTURAL TRACTOR MARKET BY DRIVE TYPE 2020–2028 (%)
EXHIBIT 32 BENELUX AGRICULTURAL TRACTOR MARKET BY 2-WHEEL DRIVE 2022–2028 (UNITS)
EXHIBIT 33 BENELUX AGRICULTURAL TRACTOR MARKET BY 4-WHEEL DRIVE 2022–2028 (UNITS)
EXHIBIT 34 INCREMENTAL GROWTH BY COUNTRY (2022 & 2028)
EXHIBIT 35 BENELUX AGRICULTURAL TRACTOR MARKET BY COUNTRY
EXHIBIT 36 SALES OF AGRICULTURAL TRACTORS IN BELGIUM BY HORSEPOWER (2022)
EXHIBIT 37 AGRICULTURAL TRACTOR MARKET IN BELGIUM 2020–2028 (UNITS)
EXHIBIT 38 SALES OF AGRICULTURAL TRACTORS IN NETHERLANDS BY HORSEPOWER (2022)
EXHIBIT 39 AGRICULTURAL TRACTOR MARKET IN NETHERLANDS 2020–2028 (UNITS)
EXHIBIT 40 SALES OF AGRICULTURAL TRACTORS IN LUXEMBOURG BY HORSEPOWER (2022)
EXHIBIT 41 AGRICULTURAL TRACTOR MARKET IN LUXEMBOURG 2020–2028 (UNITS)
EXHIBIT 42 NET SALES SHARE BY SEGMENTS 2022 (%)
EXHIBIT 43 BENELUX AGRICULTURAL TRACTOR MARKET BY COUNTRY 2022–2028 (UNITS)
EXHIBIT 44 BENELUX AGRICULTURAL TRACTOR MARKET BY COUNTRY 2022–2028 (%)
EXHIBIT 45 BELGIUM AGRICULTURAL TRACTOR MARKET BY HORSEPOWER 2022–2028 (UNITS)
EXHIBIT 46 BELGIUM AGRICULTURAL TRACTOR MARKET BY DRIVE TYPE 2022–2028 (UNITS)
EXHIBIT 47 NETHERLANDS AGRICULTURAL TRACTOR MARKET BY HORSEPOWER 2022–2028 (UNITS)
EXHIBIT 48 NETHERLANDS AGRICULTURAL TRACTOR MARKET BY DRIVE TYPE 2022–2028 (UNITS)
EXHIBIT 49 LUXEMBOURG AGRICULTURAL TRACTOR MARKET BY HORSEPOWER 2022–2028 (UNITS)
EXHIBIT 50 LUXEMBOURG AGRICULTURAL TRACTOR MARKET BY DRIVE TYPE 2022–2028 (UNITS)
LIST OF TABLES
TABLE 1 KEY CAVEATS
TABLE 2 CURRENCY CONVERSION (2016–2022)
TABLE 3 LESS THAN 50 HP BENELUX AGRICULTURAL TRACTOR MARKET BY COUNTRY 2020–2028 (UNITS)
TABLE 4 LESS THAN 50 HP BENELUX AGRICULTURAL TRACTOR MARKET BY COUNTRY 2020–2028 (%)
TABLE 5 50–100 HP BENELUX AGRICULTURAL TRACTOR MARKET BY COUNTRY 2020–2028 (UNITS)
TABLE 6 50–100 HP BENELUX AGRICULTURAL TRACTOR MARKET BY COUNTRY 2020–2028 (%)
TABLE 7 ABOVE 100 HP BENELUX AGRICULTURAL TRACTOR MARKET BY COUNTRY 2020–2028 (UNITS)
TABLE 8 ABOVE 100 HP BENELUX AGRICULTURAL TRACTOR MARKET BY COUNTRY 2020–2028 (%)
TABLE 9 2-WHEEL DRIVE BENELUX AGRICULTURAL TRACTOR MARKET BY COUNTRY 2020–2028 (UNITS)
TABLE 10 2-WHEEL DRIVE BENELUX AGRICULTURAL TRACTOR MARKET BY COUNTRY 2020–2028 (%)
TABLE 11 4-WHEEL DRIVE BENELUX AGRICULTURAL TRACTOR MARKET BY COUNTRY 2020–2028 (UNITS)
TABLE 12 4-WHEEL DRIVE BENELUX AGRICULTURAL TRACTOR MARKET BY COUNTRY 2020–2028 (%)
TABLE 13 BELGIUM AGRICULTURAL TRACTOR MARKET BY HORSEPOWER 2020–2028 (UNITS)
TABLE 14 BELGIUM AGRICULTURAL TRACTOR MARKET BY HORSEPOWER 2020–2028 (%)
TABLE 15 BELGIUM AGRICULTURAL TRACTOR MARKET BY DRIVE TYPE 2020–2028 (UNITS)
TABLE 16 BELGIUM AGRICULTURAL TRACTOR MARKET BY DRIVE TYPE 2020–2028 (%)
TABLE 17 NETHERLANDS AGRICULTURAL TRACTOR MARKET BY HORSEPOWER 2020–2028 (UNITS)
TABLE 18 NETHERLANDS AGRICULTURAL TRACTOR MARKET BY HORSEPOWER 2020–2028 (%)
TABLE 19 NETHERLANDS AGRICULTURAL TRACTOR MARKET BY DRIVE TYPE 2020–2028 (UNITS)
TABLE 20 NETHERLANDS AGRICULTURAL TRACTOR MARKET BY DRIVE TYPE 2020–2028 (%)
TABLE 21 LUXEMBOURG AGRICULTURAL TRACTOR MARKET BY HORSEPOWER 2020–2028 (UNITS)
TABLE 22 LUXEMBOURG AGRICULTURAL TRACTOR MARKET BY HORSEPOWER 2020–2028 (%)
TABLE 23 LUXEMBOURG AGRICULTURAL TRACTOR MARKET BY DRIVE TYPE 2020–2028 (UNITS)
TABLE 24 LUXEMBOURG AGRICULTURAL TRACTOR MARKET BY Y DRIVE TYPE 2020–2028 (%)
TABLE 25 JOHN DEERE: MAJOR PRODUCT OFFERINGS
TABLE 26 CNH INDUSTRIAL: MAJOR PRODUCT OFFERINGS
TABLE 27 AGCO: MAJOR PRODUCT OFFERINGS
TABLE 28 KUBOTA: MAJOR PRODUCT OFFERINGS
TABLE 29 CLAAS: MAJOR PRODUCT OFFERINGS
TABLE 30 SOLIS: MAJOR PRODUCT OFFERINGS
TABLE 31 SAME DEUTZ-FAHR: MAJOR PRODUCT OFFERINGS
TABLE 32 LOVOL: MAJOR PRODUCT OFFERINGS
TABLE 33 MAHINDRA: MAJOR PRODUCT OFFERINGS
TABLE 34 ARBOS GROUP: MAJOR PRODUCT OFFERINGS
TABLE 35 KIOTI: MAJOR PRODUCT OFFERINGS
TABLE 36 YANMAR: MAJOR PRODUCT OFFERINGS
TABLE 37 BENELUX AGRICULTURAL TRACTOR MARKET BY HORSEPOWER 2022–2028 (UNITS)
TABLE 38 BENELUX AGRICULTURAL TRACTOR MARKET BY HORSEPOWER 2022–2028 (%)
TABLE 39 LESS THAN 50 HP AGRICULTURAL TRACTOR MARKET BY COUNTRY 2022–2028 (UNITS)
TABLE 40 50–100 HP AGRICULTURAL TRACTOR MARKET BY COUNTRY 2022–2028 (UNITS)
TABLE 41 ABOVE 100 HP AGRICULTURAL TRACTOR MARKET BY COUNTRY 2022–2028 (UNITS)
TABLE 42 BENELUX AGRICULTURAL TRACTOR MARKET BY DRIVE TYPE 2022–2028 (UNITS)
TABLE 43 BENELUX AGRICULTURAL TRACTOR MARKET BY DRIVE TYPE 2022–2028 (%)
TABLE 44 2-WHEEL DRIVE AGRICULTURAL TRACTOR MARKET BY COUNTRY 2022–2028 (UNITS)
TABLE 45 4-WHEEL DRIVE AGRICULTURAL TRACTOR MARKET BY COUNTRY 2022–2028 (UNITS)
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