The market is dominated by domestic suppliers, as imports account for 33.6% of total market size in 2023. B2B drives market demand, with B2B spending representing 86.9% of total demand in 2023. Germany has the second largest market size for agricultural and forestry machinery regionally, with demand reaching USD17.3 billion in 2023. CLAAS KGaA mbH is the largest company in Germany, generating 15.4% of the industry’s total production value in 2023. The industry is fragmented, with the top five companies generating 46.3% of total production value in 2023. The total number of companies increases in 2023, to 5,100 units. The costs of the industry increase by 14.2% in 2023, largely driven by rising B2B costs. The industry’s profitability increases and stands at 10.2% of production value in 2023, the seventh highest regionally. The industry’s exports share decreases in 2023 to 58.5% of total production output. With production value of USD26.9 billion, Germany accounts for 36.5% of the Western Europe total in 2023.
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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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