The tractor market - France

1.1 Definition and presentation

The tractor market in France refers to all economic activity related to the production and sale of tractors in the agricultural sector.

From the Latin trahere , which means "to pull after oneself, to pull by force, to drag or to carry along", it is a vehicle that fulfills three functions in agricultural, rural or forestry work:

1. The traction of trailers or towed machines intended for the transport or the development of the exploitation (manure spreaders, sprayers, the materials of harvest, ploughing of grounds...),
2. The support of tools or equipment at the front or rear (forks, shovels, crumbling rollers, ploughs, tedders...),
3. The animation of the rotating parts and cylinders of these agricultural materials.

While the global agricultural tractor market is expected to reach $81 .4 billion by 2027, with a CAGR of 4.2% over 5 years, the French market is expected to grow at a CAGR of 4.24% over the same period.

France is an important player: in 2020, it was the 2nd largest European market for agricultural tractors, with 26,121 units registered in total. In the same year, the French machinery and equipment (M &E) industry was the third largest supplier of agricultural machinery in the world.

The European market is also doing very well and is making up for the problems encountered during the Covid-19 crisis in 2020, with sales of agricultural tractors reaching a new peak. In 2021, 230,000 tractors were registered, 17% more than the previous year, which is a European record for decades.

Current challenges in the agricultural tractor market are recent events such as the Russian-Ukrainian conflict causing a shortage of components, or the rising price of raw materials and energy. This has already caused some factories to stop production.