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Industry

The agricultural equipment market - Spain

An analysis with all the essential information for a clear, complete and quantified view of this market.

Available in Spanish

The agricultural equipment market - Spain

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Study Overview

Agricultural machinery covers all the machines and equipment used to increase productivity in the farming sector. The market therefore includes tractors, harvesters and sprayers, while consumables such as fertilizers are covered in another market study. Globally, the agricultural equipment market is growing: the use of appropriate machinery is essential to agricultural development in order to meet productivity challenges, while the agricultural workforce is tending to shrink. Asia-Pacific now accounts for around 60% of the market, ahead of America (14%) and Europe (11%), which is the most mature market. In Spain, the agricultural equipment market was only slightly affected by the covid-19 crisis, with a slight fall in sales of 1.8% in 2020. The market has recovered strongly, with a 13.6% increase in 2021, well above the level of activity prior to the emergence of the pandemic. The average price of tractors sold in the country exceeded 60,000 euros in 2020, a figure that is on the rise and is set to increase further in 2022, with the shortage of semi-conductors and the general rise in prices. Demand for agricultural equipment remains strong, thanks to the peninsula's healthy and dynamic farming sector.