France Tractor Market Insights Forecasts to 2033

• The Market is Growing at a CAGR of 3.75% from 2023 to 2033
• The France Tractor Market Size is Expected to hold a significant share by 2033

The France Tractor Market Size is Expected to Hold a Significant Share by 2033, growing at a CAGR of 3.75% from 2023 to 2033. The expansion of the France tractor market can be attributable to substantial investments and support from the government.

Market Overview

A tractor is an engineered vehicle made especially to provide a lot of tractive effort (or torque) at low speeds, so that it may tow a trailer or heavy equipment including construction, mining, or agricultural equipment. The term tractor is most usually used to refer to a farm vehicle that supplies the traction and power needed to mechanize agricultural activities, such as tillage, but it can also refer to a wide range of other duties. Tractors can pull or carry agricultural tools, and if the tool is mechanized, the tractor can function as a power source. A growing need for effective farm equipment, growing agricultural mechanization, and technical improvements have all contributed to changes in consumer preferences and expectations in the tractor market. Additionally, France is a significant participant; with 26,121 registered agricultural tractors in 2020, it ranked as the second-largest European market. The French machinery and equipment (M&E) sector ranked as the world's third-largest supplier of agricultural machinery that same year. The majority of the industry share in the France tractor market is held by several international suppliers. As a result, it would be challenging for newcomers to compete with established industry vendors. The primary competitive elements for the industry's players are price, after-sales service, product availability and dependability, and efficiency.

Report Coverage

This research report categorizes the market for the France tractor market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the France tractor market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the France tractor market.

Driving Factors

The number of agricultural tractors registered for the first time in France increased to 36,396 in 2023 from 35,731 in 2022, a +2% increase from 2022. Since 2014, this is the highest level. The percentage increase for standard tractors was +4%. In 2020, France exported €58,197 million of agricultural equipment to Russia. However, by 2021, the export value had climbed dramatically to €90,611 million. This upward trend shows increased demand for agricultural equipment, notably tractors, and an optimistic outlook for market growth in the coming years. The environmental advantages and reduced running costs of electric-powered tractors are making them more and more popular in the French tractor market. There is a manpower shortage in the agricultural industry, which is fueling the French tractor market's need for mechanized farming equipment, especially tractors.

Restraining Factors

Recent events including the Russian-Ukrainian conflict, which is generating a lack of components, or the rising cost of energy and raw materials are the current issues facing the agricultural tractor market. Some factories have already stopped producing as a result of this.

Market Segmentation

The France tractor market share is classified into drive type and horsepower.

• The 2-wheel-drive services segment is expected to hold a significant market share through the forecast period.

The France tractor market is segmented by drive type into 2-wheel-drive and 4-wheel-drive. Among these, the 2-wheel-drive services segment is expected to hold a significant market share through the forecast period. Farmers have a preference for 2WD tractors. The standard, enough features and transport capability, and low relative cost of ownership make 2WD tractors more popular among farmers. Major elements driving up demand for two-wheel-drive tractors include their ease of driving and versatility, especially when traveling in plain fields and with small loads.

• The 50-100 HP segment is expected to dominate the France tractor market during the projected period.

Based on the horsepower, the France tractor market is divided into less than 50 HP, 50-100 HP, 101-150 HP, 151-200 HP, 201-300 HP, and above 300 HP. Among these, the 50-100 HP segment is expected to dominate the France tractor market during the projected period. Precision agriculture with GPS and biofuel choices is gaining popularity in the French tractor industry, and these technologies may be featured in some 50-100HP models.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the France tractor market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Massey Ferguson
• Renault Agriculture
• Nicolas Industrie
• SAME Deutz-Fahr (SDF)
• Pellenc
• Gregoire Besson
• Sicma
• Pichon Industries
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Recent Developments

• In May 2024, French startup Seederal debuted its first electric tractor prototype at the start of its examining campaign, exactly one year after releasing its first round of investment.

Market Segment

This study forecasts revenue at France, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the France Tractor Market based on the below-mentioned segments:

France Tractor Market, By Drive Type

• 2-Wheel-Drive
• 4-Wheel-Drive

France Tractor Market, By Horsepower

• Less Than 50 HP
• 50-100 HP
• 101-150 HP
• 151-200 HP
• 201-300 HP
• Above 300 HP