Latest news with #tractors
Reuters
an hour ago
- Automotive
- Reuters
Indian automaker Mahindra & Mahindra posts higher quarterly profit on strong SUV sales
July 30 (Reuters) - Indian automaker Mahindra & Mahindra ( opens new tab reported a 32% rise in first-quarter profit on Thursday, driven by robust demand for its high-margin sports utility vehicles and tractors. The Scorpio SUV maker's profit rose to 34.50 billion Indian rupees ($394.58 million) in the April-June quarter from 26.13 billion rupees a year ago. ($1 = 87.4350 Indian rupees)
BBC News
20-07-2025
- Automotive
- BBC News
Vintage fire engine and classic cars join Wheels in Wadebridge
The annual Wheels Classic Vehicle Show returns to north Cornwall on Sunday with about 1,000 vintage vehicles expected to be on event which has been organised by Wadebridge Rotary, will take place at the Royal Cornwall Events Centre in Whitecross, Wadebridge, from 10:00 said they expected thousands of visitors to attend, with everything from classic cars and trucks to tractors and military vehicles on event is staged every year to raise money for local charities. Entry on the day is £10 per person, with free entry for children under Davey from Wadebridge Rotary said: "We have a superb selection of vintage vehicles booked to attend this year's event. "There will be so much to see and do and something for everyone. "It's the perfect day out in Cornwall for those who love all kinds of vehicles."
CTV News
16-07-2025
- Automotive
- CTV News
Massey-Harris/Ferguson tractor collection up for auction
Don Ellingson sits on the first Massey-Harris tractor he purchased from his brother to start his collection. Now, his 91 tractors are up for auction. Don Ellingson has 91 Massey-Harris and Massey-Ferguson tractors at his Springbank acreage northwest of Calgary that he's putting up for auction. It's the first time he's had his collection all at one location after he moved 43 home in April that were on loan to Pioneer Acres of Alberta in Irricana. 'It's time,' he said. 'My health is starting to fail me, being an old mechanic, and it's time to sell the acreage and move to somewhere where somebody else can cut the grass and shovel the snow.' He has a passion for fixing things and started collecting the iconic Canadian brand in 1990. At one time, Ellingson's collection was up to 107 tractors. Some have been fully restored, while others are in various stages of disrepair, but they all play a role in Alberta's farm history. 'I'm a little bit sad that I have to lose them,' he said. 'The hardest tractor for me to sell is the first tractor that I bought from my brother (Darrel) that I still have sitting out in the field.' Ellingson says the Massey part of the name comes from Vincent Massey, who was the 18th Governor-General of Canada. The Harris name has ties to the art world and the Group of Seven, something that piqued the interest of Beth Ellingson, Don's wife, who was an art teacher for 32 years. 'One of the Group of Seven was Lawren Harris,' she said. 'I never realized until many years later that Lawren Harris was a member of the Harris family, who had a farm implements company, and then lo and behold, Don starts collecting Massey-Harris tractors, and so it just kind of seemed like our worlds were converging.' Beth and Don have travelled all over Western Canada and the northern U.S. attending antique tractor pull events over the years, where they were also tractor shopping. The couple celebrated their 45th wedding anniversary at the beginning of July, and Beth says she's received some interesting gifts over the years. 'It was our 15th wedding anniversary, being married in July, you know, holidays and such,' she said. 'We went to an auction that was in Manitoba, and I got a tractor as a gift for our anniversary.' Don says Massey was a worldwide company in the 1930s, and 50 years later it was bigger than John Deere and Case IH because of that global footprint. He says even today there are factories in the U.S. and France, and the brand is still popular in Europe. The auction is attracting interest from all over the world. 'Australia, London, all the tractors will sell worldwide, and the reproduction parts that I sell will sell mostly in Western Canada,' he said. 'Eighty to 85 per cent run, and the other ones, some of them don't run, but some of them will be lawn art because if they have steel wheels, they look good on the corner of the fence, and the tires don't go flat.' Beth says each tractor has a story behind it because they were part of farm families in Western Canada. 'It is a big part of our history here in Alberta and the whole agriculture scene,' she said. 'These monsters were breaking the soil and earning a living for generations of farm families.' Don says many of the tractors should sell for around $1,500, but some of the restored machines could fetch as much as US$10,000. 'It's on online auction, and the viewing goes from July 14 to 18,' he said. 'The lots start closing at (8 a.m.) on (July 19) and close one after another, so they figure it'll be 7 or 8 (p.m.) before they're all closed.' You can learn more about the auction at
RNZ News
02-07-2025
- Business
- RNZ News
NZ no longer in a state of 'peak tractor'
New Zealand reached a peak of 34,549 registered tractors in March 2022. Photo: Marika Khabazi New Zealand has fallen from 'peak tractor' with bigger machinery, rising on-farm costs and farmers becoming more efficient driving sales down. Infometrics chief executive Brad Olsen says as a key piece of farm equipment, tractors have long been thought of as a good economic indicator of farm spending and investment. The more tractors, the more spending, and in turn the better the health of the primary sector - but this was changing, he said. Recent Infomatics' analysis of data from Stats NZ and the New Zealand Transport Agency showed the country hit 'peak tractor' in 2022. It showed the number of active tractors registered in New Zealand reached a peak of 34,549 in March 2022. By March this year that had dropped 4.4 percent to 33,044. The decline in tractor numbers is largely due to the low number of new tractor registrations over time. In the 12 months to April this year, there were 1925 new tractors registered in New Zealand, down 17 percent from a year ago and the smallest annual total since mid-2001. Both the actual number of registered tractors, and the 12-month moving average, have now fallen below 33,000, the first time tractor numbers have been beneath this threshold since 2017. Olsen said the drop was being driven by a range of factors, including changes in technology and farming practices. "Particularly the likes of larger tractors coming on stream, larger farms meaning you don't need quite as many tractors because of larger parcels of land, and also a bit more corpritisation of farming in New Zealand where people are using contractors and similar to ensure whatever they're buying tractors and otherwise are most efficiently used." Olsen acknowledged challenging conditions in recent years, including increased on-farm costs and higher interest rates, had put pressure on farmers and limited opportunities for new investment with many running tractors for as long as possible. He said a level of continued concentration in farms across the country into larger farm operations may have also contributed to a rationalisation of tractor assets nationally. Farmers also seemed to be investing differently as was evident at the recent Mystery Creek Fieldays near Hamilton. "People are starting to increasingly embrace a much wider more diverse set of technology in the primary sector," Olsen said. "You know there were a lot more drones at Fieldays this year, a lot of talk about wearables and the importance of the productivity gains that those sort of options bring." Tractor sales at the Fieldays seemed to have been buoyed though by the government's new tax incentive for farm machinery. Tractor and Machinery Association president Jaiden Drought said the Fieldays had been "fantastic". "Everyone went into the Fieldays very buoyant and the show was certainly a success. Everyone had significantly higher inquiry - they thought that even day one of the show was better than all the days combined last year." Drought felt the drop-off since 2022 related to post-Covid conditions, which included farmers using tractors for longer and more jobs on farm. He said some of this market uncertainty remained, especially given the current geopolitical outlook. "I think the trend will see an upswing in machinery sales, I think we're just in a little bit of a holding pattern." He expected sales to improve in the spring. Sign up for Ngā Pitopito Kōrero , a daily newsletter curated by our editors and delivered straight to your inbox every weekday.
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
