Content of the study:
The agricultural equipment market - Italy

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1.1 Definition and scope of study

Agricultural machinery and equipment gradually appeared at the end of the 9th century as a result of the agricultural revolution in France characterized by the replacement of animal traction with motorized traction to modernize the agricultural system. The term characterizes all machines and equipment used in agriculture (tractors, combine harvesters, etc.) that aim to increase agricultural productivity. Agricultural machinery can be used for a variety of purposes, such as:

- Traction

- Soil working

- Planting

- Harvesting

- Raising livestock

The global agricultural machinery and equipment market is expanding rapidly due to increased demand for food due to population growth. The market is expected to reach a value of nearly $200 billion by 2026. In addition, this market is strongly affected by the decrease in arable land, a phenomenon that is a source of great concern for farmers who therefore aim to maximize productivity, which is facilitated by agricultural equipment and machinery. 

Despite the fact that in 2020 the economy was characterized by a considerable downturn due to the spread of the Covid-19 pandemic, the same cannot be said about the agricultural sector, which has instead been rediscovered as the driving force of the Italian economy in such a period of crisis. Therefore, the agricultural machinery market has not suffered particularly significant losses such as to limit the constant growth by which this market has been characterized in recent years.  

Starting from 2021, the agricultural machinery market has undergone a real explosion, showing high growth rates in particular with regard to tractors, telehandlers and heavy tractors. Of particular relevance to fully understand the strong expansion of this market is the new system of tax incentives granted by the Italian State together with the Sabatini law, in line with the Rural Development Program (RDP) which is considered a great opportunity for the advancement and development of the agricultural sector.






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Reviews (3)

The market for automatic cash registers - France

Publicado en 11/01/2022 by Malcolm Vincent

Interesting estimate of a fast-growing market mainly centered on mass retailing and specialized distribution, whose development is however slowed down by social problems linked to the disappearance of cashiers. Consumer behavior in front of these automatic checkouts and product typology well analyzed

Businesscoot Response:

Hello Malcolm, Thank you very much for this very positive review! We are delighted that you are enjoying our studies and we thank you for your trust in us.

The bodywork market - France

Publicado en 25/02/2021 by Lengele

Saves time on researching reliable statistics

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Hello, Thank you for your feedback which helps us to improve the quality of our studies.

The Glass Fiber Market - France

Publicado en 11/02/2021 by Marc-Henri Mignon - Insights & Synergies Conseils

An interesting price-quality ratio to enter a new market

Businesscoot Response:

Hello Marc-Henri, Thank you for your feedback which helps us to improve the quality of our studies.