Latest news with #agriculturalmachinery
Yahoo
5 days ago
- Business
- Yahoo
Deere narrows full-year profit outlook; shares fall
-- Deere & Company reported better-than-expected third-quarter results on Thursday, but shares fell 5% as the farm equipment manufacturer narrowed its full-year profit guidance amid ongoing market challenges. The agricultural machinery giant posted adjusted earnings of $4.75 per share for the quarter ended July 27, 2025, exceeding analyst expectations of $4.58. Revenue came in at $10.6 billion, above the consensus estimate of $10.35 billion, though still down 9% compared to the same period last year. Deere narrowed its full-year net income guidance to between $4.75 billion and $5.25 billion, compared to its previous forecast of $4.75 billion to $5.50 billion, reflecting continued caution about market conditions. The company cited customer hesitancy amid ongoing uncertainty in the agricultural sector. "By proactively managing inventory, we've matched production to retail demand, enabling our company and dealers to respond swiftly to market shifts and customer needs," said John May, chairman and CEO of John Deere. "By continuing to address the high levels of used equipment in the industry, we're building a healthier market for everyone." The company's Production & Precision Agriculture segment saw a 16% decline in sales and a 50% drop in operating profit compared to the same quarter last year. Small Agriculture & Turf sales decreased slightly by 1%, while Construction & Forestry sales fell 5%. Deere's financial services division was a bright spot, with net income increasing 34% to $205 million, driven by a lower provision for credit losses. Despite current challenges, the company remains focused on its technology offerings. "The increasing utilization and proven in-field effectiveness of advanced technologies—such as See & Spray and Harvest Settings Automation—are empowering customers to improve their productivity and better navigate industry challenges," May added. For fiscal 2025, Deere expects U.S. and Canada large agriculture equipment sales to decline approximately 30%, while small agriculture and turf equipment sales are projected to decrease around 10%. Related articles Deere narrows full-year profit outlook; shares fall Victoria's Secret Exposed: The Warning Sign Behind the Stock's 52% Collapse After soaring 149%, this stock is back in our AI's favor - & already +25% in July Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Khaleej Times
20-06-2025
- Business
- Khaleej Times
UAE-Italy GreenTech boost: Agrilevante to drive agricultural growth
The UAE and Italy have been enjoying a strong bilateral trade and investment relations, but Agrilevante will set the stage to increase cooperation in green technology (GreenTech) to bolster the agricultural development of the second biggest economy of the region, experts say. Top executives and organisers of Agrilevante, an exhibition dedicated to technologies for specific usage in Mediterranean agriculture, said the agricultural machinery market in the UAE is experiencing a significant and prolonged growth phase and it will continue in the coming years. 'The value of agricultural machinery export to the UAE has been more than doubled in the past four years from €108 million in 2021 to €234 million last year,' Fabio Ricci, Deputy Director of FederUnacoma, the Italian association of agricultural machinery manufacturers, told BTR on the sidelines of an event in Dubai recently. Referring to the data of the research company Exportplanning, Ricci said sales of agricultural machinery to the UAE recorded an impressive 35% growth during the 2021-24 period and the upward trend will continue in the short and medium term at a slower pace but still on average of no less than 5% pe annum. 'At present, Italian agricultural machinery manufacturers are among the main suppliers of the UAE and accounted for 6.8% market share of Made in Italy products to the emirate,' he said. Milk processing systems, seeding, transplanting and fertilizing solutions and livestock farming machinery are the main product categories of Italian companies export to the UAE, according to national statistics bureau Istat. 'China, which holds 28% market share of the UAE's agricultural machinery, offers products at very affordable rates but Chinese manufacturers are not very innovative and their products do not cater to requirements of the emirate's agriculture sector affected by prohibitive environmental conditions. Lack of arable land, scarcity of water resources and extremely unfavourable climatic characteristics are some of the main challenges that the primary sector has to deal with and provide the solution,' said an Italian entrepreneur attending the event. Ricci said only an innovative and advance technology, with the support of machinery and systems specifically designed to counter the critical environmental factors, can address the challenges being faced by the primary agricultural sector of the UAE. 'The 2025 Agrilevante exhibition to be held in Bari from October 9-12 will become an enormous platform to offer vast range of specific solutions for each crop in the UAE and more generally in the Mediterranean basin. It will be an ideal platform to explore the needs and priorities of the agricultural economies,' Ricci said. Italy — A Preferential Partner Valerio Soldani, Director of the Italian Trade Agency Office in Dubai, shed light on bilateral trade and investment relations and said both the countries are expected to further strengthen their relations on agriculture front. 'Italy is proving itself to be a preferential partner to bolster the agricultural development of the UAE. We have strong presence in the emirate and are expecting significant participation from the UAE companies and businesses in Agrilevante 2025 edition,' Soldani told BTR. Over 95,000 visitors including 4,000 foreigners from 27 countries, attended the previous edition of the exhibition in 2023 where 350 exhibiting industries from 20 countries showcased their products and technologies. Italian Trade Agency in collaboration with FederUnacoma, will be engaged in business to business meetings with the exhibiting industries to organise the foreign delegates for the exhibition in October. About 120 foreign delegates representing 38 countries including the UAE are expected to come and experience the latest agricultural technologies and machinery during the four-day event. Federica Tugnoli, Secretary of Comagarden, said Agrilevante 2025 will open its door in October with new features such as robotic technologies for primary agriculture sector, a rich programme of meetings and conferences focusing most relevant topics in agriculture and technology, and innovation competitions to promote agriculture sector and green maintenance. 'We will introduce Levante Green for the gardening sector and the visitors will see the most advanced machines and equipment for maintaining green spaces that has become an essential element of contemporary urban landscape and an important factor of well-being of life in the ity,' Tugnoli told BTR. Comagraden represents gardening machinery and equipment manufacturers within the FederUnacoma, which account for 80% of Italian production with exports accounting for 65% of this production. It plays an important role in connecting the Italian industries to perspective buyers in the Middle East, Asia and Europe through exhibitions, conferences and B2B meetings. 'We've seen a rising demand in the UAE and Gulf region for high-quality gardening equipment as parks, luxury resorts, golf courses and sports facilities are expanding rapidly, setting new benchmarks for beauty and sustaibnibility. Italy is the third largest supplier of gardening machinery and applications and the Emirati market offers huge business opportunities to the Italian industries,' she said.
Yahoo
17-06-2025
- Automotive
- Yahoo
Germany Tractors Market Trends and Forecast Report 2025-2030: Strong Export Demand for German Tractors
The Germany Tractors Market reached 27,595 units in 2024, expected to rise at a CAGR of 2.04%, hitting 31,150 units by 2030. Despite potential U.S. tariff impacts, Germany's robust domestic base minimizes risks. Key trends driving growth include precision agriculture adoption and the shift towards electric and alternative fuel-powered tractors, supported by subsidies. Challenges such as skilled labor shortages and high investment costs present restraints. In 2024, tractors above 150 HP lead, with a notable preference for 2WD models. Major players like John Deere and AGCO Corporation dominate the landscape through innovation and strategic partnerships. German Tractors Market Dublin, June 17, 2025 (GLOBE NEWSWIRE) -- The "Germany Tractors Market Research Report 2025-2030" report has been added to German Tractors Market was sized at 27,595 units in 2024, and is projected to reach 31,150 units by 2030, rising at a CAGR of 2.04%. The impact of tariffs on the German tractor market is going to be low to moderate due to the country's strong domestic manufacturing base and established trade relationships within the EU, which mitigate reliance on imports from high-tariff potential imposition of higher U.S. tariffs poses a moderate risk to Germany's agricultural machinery exports, particularly tractors. If the proposed 20-25% tariffs on German machinery, including agricultural tractors, are implemented by the U.S. after July 9, 2025, it could significantly reduce the price competitiveness of German tractors in the American market. MARKET TRENDS & DRIVERS Adoption of Precision AgricultureGermany, known for its efficiency and technological prowess, has embraced precision agriculture. Precision agriculture integrates a suite of advanced technologies - including digital tools, automation, and real-time data analysis - to improve farming efficiency, productivity, and environmental sustainability. Moreover, farmers increasingly recognize the opportunities in digitalization. The digital wave is gaining momentum in German agriculture. This was shown by a survey conducted by the digital association Bitkom and the DLG (German Agricultural Society) in 2024: A high proportion of farms already apply fertilizers (36%) and pesticides (30%) using precision field maps. Predictive maintenance for agricultural machinery is used by a quarter of farms. This growing trend is driving the demand for tractors in Germany to support data-driven farming and propels the Germany tractor market Outlook of Electric TractorsAs awareness of environmental issues and the need for sustainable solutions continues to grow, electric tractors are becoming attractive to farmers and agricultural businesses in the Germany tractor market. Manufacturers are developing electric tractor models to meet emerging requirements and support the transition to low-emission agricultural practices. One example is, after the Fendt e100 V Vario, Fendt is now introducing the standard Fendt e100 Vario tractor. Also, European countries have implemented robust policies to encourage the use of electric tractors. For instance, Germany offers subsidies for electric machinery as part of its climate protection program. Germany earmarks $3 billion for decarbonization subsidies, according to Reuters, in Alternative Fueled TractorsTo make vehicles more efficient and the air cleaner, petrol and diesel are increasingly being replaced by alternative fuels. These include natural gas, hydrogen, synthetic methane, and biomethane. The transition toward carbon-neutral agriculture is accelerating, driven by advancements in alternative fuel technologies, strategic investments from key manufacturers, and supportive policy initiatives, underscoring the need for a multi-technology approach to meet the diverse demands of the agricultural sector Demand for FoodGermany experiences ongoing demographic shifts and population growth, and the demand for essential resources continues to rise. As Germany grapples with demographic changes and a shrinking workforce, immigration is becoming essential to sustaining economic stability and population growth. For instance, according to Business Standard Private Ltd. In 2024, Germany's economy will need nearly 288,000 immigrants annually until 2040 to address challenges posed by an aging population. The resulting population growth and changing consumption patterns are expected to increase the food demand in the Export Demand for German TractorsGermany's strong export demand for tractors seems that its tractor manufacturing industry remains closely tied to global agricultural needs. Tractors exported from all countries totaled US$87.2 billion in 2023. That dollar amount reflects a 53.7% gain from $56.7 billion 5 years earlier during 2019 with Germany ranking among the top five RESTRAINTS Skilled Labor ShortageThe country is grappling with a critical labor shortage and an aging population, with projections indicating a deficit of 7 million skilled workers by 2035. This shortage is affecting many different industries. This is due to a combination of demographic changes, economic growth, and evolving technological Investment CostsThe high investment cost of tractors in Germany is a significant concern for farmers, particularly small and medium-sized enterprises. This issue is influenced by factors such as technological advancements, rising energy prices, and the increasing cost of spare Level of Registration of Tractors in EuropeThere is a sharp decline in agricultural tractor registrations in 2024, driven by reduced farm incomes, which were impacted by falling commodity prices, persistently high input costs, and adverse weather conditions across Europe, all of which have weakened farmers' ability and willingness to invest in new TRACTOR MARKET SEGMENTATION INSIGHTS INSIGHTS BY HORSEPOWERTractors with above 150 HP accounted for the highest share of the Germany tractor market in 2024 and is expected to grow at a CAGR of more than 2.6% during the forecast period. These high-powered machines are essential for large-scale agricultural operations, particularly in regions where extensive land holdings and mechanized farming are prominent. Their superior pulling capacity, versatility with heavy-duty implements, and efficiency in handling challenging terrains make them a preferred choice among commercial 50-150 HP segment accounted for more than 9 thousand units in 2024. These tractors offer a balanced combination of power and flexibility, making them well-suited for mid-sized farms and mixed farming practices. Their adaptability for various tasks such as plowing, tilling, and hauling has kept them in steady with less than 50 HP are primarily used in small farms, vineyards, and for light-duty tasks. While they represent a smaller share of the overall Germany tractor market, demand for compact tractors is known due to their affordability, ease of maneuverability, and suitability for niche applications such as horticulture and landscaping. INSIGHTS BY DRIVE TYPEIn the Germany tractor market, 2WD tractors dominate, driven by their cost-effectiveness, lower maintenance, and suitability for the country's widespread small- to mid-sized farms with relatively flat terrain; however, 4WD tractors are gradually gaining market share due to increasing demand for power, traction, and advanced features in large-scale and precision farming. VENDOR LANDSCAPEThe Germany tractor market is consolidated, with major global and domestic manufacturers such as John Deere, AGCO Corporation, SDF Group, and CLAAS KGaA mbH holding a significant share. The presence of these established players, supported by widespread distribution networks and long-standing market presence, limits opportunities for smaller and regional vendors. As the Germany tractor market shifts toward more automated and digitally integrated machinery, competition is expected to intensify, particularly in the higher horsepower (Allis-Gleaner Corporation), the parent company of brands like Fendt, Massey Ferguson, and Valtra, holds one of the significant shares in the German tractor market primarily due to the strong performance of its premium brand Fendt, which is widely regarded as the gold standard for tractors in Germany and much of Europe. Furthermore, in February 2025, John Deere's partnership with Drive TLV gives the company direct access to a wide network of innovative startups, helping accelerate advancements in autonomy, sensing, cybersecurity, electrification, and connectivity. This collaboration enables Deere to quickly address customer challenges with cutting-edge technologies, driving efficiency, sustainability, and market-ready solutions across its product Company Profiles AGCO Corporation CNH Industrial N.V. Deere & Company Kubota Corporation CLAAS KGaA mbH SDF Other Prominent Company Profiles KIOTI Lindner TYM-Tractors Sales GmbH YANMAR HOLDINGS CO., LTD. ISEKI & CO., LTD Tractors and Farm Equipment Limited Weichai Lovol Intelligent Agricultural Technology CO., LTD Key Attributes: Report Attribute Details No. of Pages 109 Forecast Period 2024 - 2030 Estimated Market Value in 2024 27595 Units Forecasted Market Value by 2030 31150 Units Compound Annual Growth Rate 2.0% Regions Covered Germany Key Topics Covered: 1. Scope & Coverage1.1. Market Definition1.2. Inclusions1.3. Exclusions1.4. Market Estimation Caveats1.5. Market Size & Forecast Periods1.5.1. Historic Period: 2021-20231.5.2. Base Year: 20241.5.3. Forecast Period: 2025-20301.6. Market Size (2021-2030)1.7. Market Segments1.7.1. Market Segmentation by Horsepower1.7.2. Market Segmentation by Drive Type2. Opportunity Pockets3. Introduction3.1. Impact of Tariffs4. Market Opportunities & Trends4.1. Growing Demand for Food4.2. Strong Export Demand for German Tractors4.3. Rising Alternative Fueled Tractors5. Market Growth Enablers5.1. Government Policy and Credit Support System5.2. Increased Agricultural Productivity & Exports5.3. Increased Farm Mechanization6. Market Restraints6.1. Skilled Labor Shortage6.2. High Investment Costs6.3. Reduced Level of Registration of Tractors in the Europe7. Market Landscape7.1. Five Forces Analysis8. Horsepower (Market Size & Forecast: 2021-2030)8.1. Below 50 Hp8.2. 50 Hp to 100 Hp8.3. Above 100 Hp9. Drive Type (Market Size & Forecast: 2021-2030)9.1. 2 Wheel Drive9.2. 4 Wheel Drive10. Geography (Germany)11. Competitive Landscape12. Competitive Overview13. Key Company Profiles AGCO Corporation Claas KGaA Mbh SDF Deere & Company Kubota Corporation CNH Industrial 14. Other Prominent Company Profiles Weichai Lovol Intelligent Agricultural Technology Co. Ltd. Iseki & Co. Ltd. Kioti Lindner TAFE Tractors TYM-Tractors Sales Yanmar Holdings Co. Ltd. For more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. Attachment German Tractors Market CONTACT: CONTACT: Laura Wood,Senior Press Manager press@ For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900Sign in to access your portfolio
