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Italian Tractor Market, 2022-2028 - Technological Advances in Tractor Technology / Increasing Agricultural Mechanization / Use of Energy Efficient Tractors

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Dublin, August 8, 2022 /PRNewswire/ — ‘Italian Tractor Market – Industry Analysis and Forecasts 2022-2028’ report added of ResearchAndMarkets.com Recruitment.

Italy teeth European Third largest tractor market.Top 3 Farm Tractor Markets in EuropeGermany, FranceWhen Italyaccounted for almost 4 of the 10 agricultural tractors registered in the Europe.

Italy’s economy has achieved impressive growth in 2021. Growth is expected to continue into 2023, supported by rising employment rates and a monetary policy stance that continues to support domestic demand. As a result, real GDP growth is expected to increase by 4.5% in 2022.

agricultural tractor market Italy In 2021, it will increase by 35.9% compared to 2020. Wine production (-14%) and fruit (-6.1%) are associated with significant increases in selling prices.

the government of Italian Schemes and initiatives to promote credit and improve agriculture-related operations are key drivers contributing to growth across Asian value chains. Italy agricultural sector.

Italy’s agricultural sector has historically been vital to its economic development. Industry plays a key role in increasing the country’s income by adding value to:

  • Complementary Industries and Agribusiness
  • Increased income for labor directly and indirectly engaged in the agricultural sector.
  • Agricultural products are essential exports, improving the exchange balance

The 50-100 HP segment has the highest sales.

  • The increasing use of tractors in the 50-100 HP power range is due to their ability to effectively perform all tasks in the field, including soil preparation, irrigation, weeding, harvesting and hauling. These agricultural tractors have the power to carry out the required agricultural work and can be used in several ways, such as operating generators for irrigation or running industrial and domestic harvesters and threshers. used in Labor shortages and reduced agricultural production costs have increased the demand for this segment in the Italian market.

Tractors from 50 to 100 HP hold the largest share of the Italian tractor market.

  • By region, in 2021, the Northeast and Northwest will report higher proportions of agricultural tractors than other regions due to increased mechanization.
  • The main crops in the region are wheat and rice, which account for 40% and 28% of total crop production respectively. The Northeast region is one of the major regions where small and medium horsepower tractors are popular.
  • The agricultural tractor market is expected to grow significantly at a CAGR of 5.03% in the Southern Region during the forecast period, owing to increasing land holdings due to land fragmentation.
  • With compact size and flexible operational features, 50-100 hp tractors will hold the largest share in the Northeast region in 2021. The demand for 50-100 HP is expected to increase significantly during the forecast period.

Italy The tractor market is driven by 2WD tractors.

  • Ease of driving and maneuverability under light loads and on flat ground are key factors driving the demand for two-wheel drive tractors. An older farmer is skeptical about using new machinery and is more accustomed to his traditional 2WD tractors than 4WD tractors, so he mostly uses his 2WD tractors. Popular brands such as CNH, John Deere, New Holland and AGCO are preferred among farmers in the 2WD segment. Italy. Italy has many medium-sized farms, with an average farm size of 7.9 hectares per farm. For this reason, the farmer prefers to own a cost-effective tractor in the mid-horsepower range and this has a positive impact on his 2WD segment.

The Italian tractor market is a new frontier for growth and innovation.

  • Italy, new frontiers of innovation are emerging as agriculture meets digital technology, opening up different avenues for an intelligent farming future. Smart agriculture is enabled with the help of multiple technologies such as self-driving or autonomous tractors and GPS technology. Self-driving or autonomous tractors can help farmers reduce labor hours. However, data monitoring has great potential.

An export-focused approach separate from domestic sales.

Export of tractors manufactured in Italy Growth is seen as prominent vendors adopt an export-centric approach to increase net revenue. John Deere acquired a company called “Beer Flag Robotics” in 2021. $250 million Overseas expansion by entering the advanced (self-driving technology) equipment market and strengthening sales Italy.

competitive environment

  • agricultural tractor market Italy It has an established player presence in various segments such as open field and vineyard. New vendors pose a relatively low threat to incumbent vendors in the country, as tractor replacement cycles are long and the demand for used and certified tractors is growing.
  • Vendors are improving after-sales service to keep customers loyal to their existing brands.
  • Vendors began selling certified pre-owned tractors under brand names. The price of such a tractor is almost half the price of a new one.
  • of Italy The tractor market is dominated by companies with a comprehensive portfolio of products for every application.
  • key player in Italy The agricultural tractor market is CNH Industrial and SDF Group.
  • CNH and SDF Group are the top sellers, accounting for more than 40% of the total. Italy Agricultural tractor market in 2021.
  • This report covers company ranking across products offered by HP range

major vendors

  • CNH Industrial
  • AGCO
  • John Deere
  • Kubota

Other Prominent Vendors

  • Self-Defense Forces
  • Antonio Carraro
  • Ace
  • TAFE
  • Iseki
  • german foal
  • Mahindra & Mahindra
  • Yanmar
  • escort

Main topics:

1 Survey method

2 Research objectives

3 Survey flow

4 Scope and scope
4.1 Market definition
4.2 Base year
4.3 Scope of investigation

5 Report Assumptions and Notes
5.1 Main notes
5.2 Currency conversion
5.3 Market release

6 Market Overview

7 Introduction
7.1 Overview
7.2 Common Agricultural Policy and European Union agricultural spending
7.3 Italian Strategies for food security, nutrition and sustainable agriculture
7.4 Cropping intensity and land tenure structure
7.5 Foreign direct investment
7.6 Import and export analysis
7.7 Advances in technology

8 Market Outlook
8.1 Market Overview
8.2 Market size and forecast

9 hp
9.1 Market Snapshot and Growth Engine
9.2 Market overview
9.3 Less than 50 hp
9.4 50-100 hp
9.5 101-150 hp
9.6 151-200 hp
9.7 201-300 hp
9.8 301-400 hp
9.9 400 hp or more

10 drive types
10.1 Market Snapshot and Growth Engine
10.2 Market Overview
10.3 Two-wheel drive
10.4 Four-wheel drive

11 regions
11.1 Market Snapshot and Growth Engine
11.2 Market Overview
11.3 Northwest
11.4 Northeast
11.5 Center
11.6 South
11.7 Islands

12 Market Opportunities and Trends
12.1 Technological advances in tractor technology
12.2 Increasing farm mechanization
12.3 Use of energy efficient tractors
12.4 Use of unconventional fuels in tractors

13 Market Growth Enablers
13.1 Supporting farmers with loans and grants
13.2 Increasing agricultural productivity and exports
Socio-demographic changes in 13.3 Italy

14 Market Constraints
14.1 Lack of awareness of the latest innovations in agricultural machinery
14.2 High demand for used and rental tractors
14.3 Fluctuations in commodity prices

15 Five Forces Analysis

16 Competitive Environment

For more information on this report, please visit https://www.researchandmarkets.com/r/13xvk3.

Media contact:

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