The Europe Farm Equipment Market is expected to expand from USD 37.457 billion in 2025 to USD 44.547 billion by 2030, fueled by a 3.53% CAGR.
Farm equipment refers to the equipment used for performing various field operations in agriculture and on-farm. It helps in reducing the dependency on labor, improving crop quality, and reducing the time for agricultural work. The agriculture sector is one of the mainland users in the European region. For example, according to FAO, out of the total land area of 54755.7 (‘000 hectares) of land in France, 28718.02 (‘000 hectares) of land is an agricultural area.
The increasing automation in the field of agriculture and farming along with the support from the governments in the region is driving the market for farm equipment. Furthermore, the increasing research and development for technological advancement in farm equipment are also augmenting the market growth to continue in the forecasted period. However, the high cost of equipment and the growing market for used/second-hand equipment is a restraint in the growth of the market.
Europe Farm Equipment Market Segmentation: