The market is dominated by domestic suppliers, as imports account for 36.2% of total market size in 2022. B2B drives market demand, with B2B spending representing 84.8% of total demand in 2022. Germany has the second largest market size for agricultural and forestry machinery regionally, with demand reaching USD15.4 billion in 2022. CLAAS KGaA mbH is the largest company in Germany, generating 14.4% of the industry’s total production value in 2022. The industry is fragmented, with the top five companies generating 43.5% of total production value in 2022. The total number of companies increases in 2022, to 4,832 units. The costs of the industry increase by 1.3% in 2022, largely driven by rising labour costs. The industry’s profitability decreases and stands at 9.5% of production value in 2022, the 13th highest regionally. The industry’s exports share increases in 2022 to 59.0% of total production output. With production value of USD23.3 billion, Germany accounts for 36.8% of the Western Europe total in 2022.
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This Euromonitor industrial report provides unique information on Agricultural and Forestry Machinery in Germany: ISIC 2921. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Agricultural and Forestry Machinery in Germany: ISIC 2921 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
This is the aggregation of general purpose machinery and special purpose machinery.
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