Driven by rising awareness of advance equipment, increasing demand for agriculture equipment rental services along with strong government support, the agriculture machinery market in Belgium has ample growth potential in the coming years.
Strong Government Support: The Government of Flanders (Belgium) has contributed EUR ~ million with the signing of a new agreement with the Food and Agriculture Organization of the United Nations (FAO) to bolster the implementation of the new phase (2022P-2025) of FAO’s Flexible Voluntary Contribution (FVC), previously known as the Flexible Multi-partner Mechanism (FMM). The contribution of non-earmarked funds to the FVC allows FAO to support innovation, strengthen capacities, build partnerships and create synergies through cross-sectoral integration, and fulfil the promise for better production, a better nutrition, a better environment and a better life.
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Rising Awareness for Advance Equipment’s: With the rising awareness for advance equipment’s surges the demand for planting and fertilizing equipment instead of manual planting and fertilizing techniques. Equipment’s like Sprayers & self-propelled spreaders which deliver more organized & faster operation along with covering a huge area each day, numerous types of sprayers that are machine-operated and equipped with low-pressure, high-pressure, fogger, and air-carrying variants like manual, tractor-mounted, and aerial versions. These new equipment’s offer many benefits to the modern farmer, ensuring greater operational flexibility. These machines ensure even distribution of nutrients and protectants which helps to reduce overall costs and improves crop yields.
Demand for Rental Services: Agricultural equipment rental service is being driven mostly by the need to ease farmers’ financial burdens rises due to pandemic and to provide better equipment to the farmer for better yield and productivity to meet the market demand and provide a quality product. Also, Larger farming tools like tillage equipment, mower conditioners, and forage harvesters are not only more expensive but also take longer to produce the required outcomes. As a result, renting farm equipment is offering a better alternative to farmers, thus fueling the Belgium agriculture equipment market.
Analysts at Ken Research in their latest publication “Belgium Agriculture Machinery Market Outlook to 2027F – Segmented by Agriculture Tractor Market (By Type: 2W and 4W Tractors, By Power: 8HP-15HP, 20HP-35HP, 36HP-47HP, 48HP-75HP, 75HP-100HP, 100HP-120HP and Above 120HP), Combine Harvester Market (By Power: 70HP & Below, 75HP-105HP and Above 105HP), By Rice Transplanters (By Rows: 4Row, 6Row and 8Row)” observed the potential of the agriculture machinery Market in Belgium. With the rising awareness for the advance equipments, increasing demand for agriculture equipment rental services, use of smart farming, and integration of Agriculture 4.0 along with strong government support are expected to contribute to the market growth over the forecast period. The Belgium Agriculture Machinery Market is expected to grow at ~% CAGR over the forecasted period 2022P-2027F.
Key Segments Covered: –
Belgium Agriculture Machinery Market:
By Product, 2022P & 2027F:
- Tractors (2 Wheel and 4 Wheel)
- Combine Harvesters
- Agriculture Implements
- Rice Transplanters
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By Tractors, 2022P & 2027F:
- 8HP – 15HP
- 20HP – 35HP
- 36HP – 47HP
- 48HP – 75HP
- 75HP – 100HP
- 100HP – 120HP
- Above 120HP
By Combine Harvesters, 2022P & 2027F:
- 70HP and Below
- 75HP – 105HP
- Above 105 HP
By Rice Transplanters, 2022P & 2027F:
- 4 Row RT
- 6 Row RT
- 8 Row RT
Key Target Audience
- Existing Agricultural Machinery Companies
- New Market Entrants – Domestic OEMs
- New Market Entrants – Foreign OEMs
- Agricultural Machinery Financing Companies
- Government Bodies
- Investors & Venture Capital Firms
- Agricultural Machinery Manufacturers
- Agricultural Machinery Distributors
- Agricultural Machinery Associations
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Time Period Captured in the Report:
- Historical Year: 2017-2021
- Base Year: 2022P
- Forecast Period: 2022P– 2027F
Companies Covered:
- MTZ (Minsk Tractor Factory)
- New Holland
- ASI
- Oliver Farm Equipment Company
- John Deere
- Kuhn
Key Topics Covered in the Report
- Overview, Operating Models and Company Profile of the Automotive Industry in the Egypt, 2022P
- Ecosystem of Belgium Agriculture Machinery Market
- Business Cycle, Timeline, and Value Chain Analysis of Agriculture Machinery market in Belgium
- Belgium Agriculture Machinery Market Sizing, 2017- 2022P
- Market Segmentations of Belgium Agriculture Machinery Market by Agriculture Tractor Market (By Type: 2W and 4W Tractors, By Power: 8HP-15HP, 20HP-35HP, 36HP-47HP, 48HP-75HP, 75HP-100HP, 100HP-120HP and Above 120HP), Combine Harvester Market (By Power: 70HP & below, 75HP-105HP and Above 105HP), By Rice Transplanters (By Rows: 4Row, 6Row and 8Row)
- SWOT Analysis of Belgium Agriculture Machinery Market
- Growth Drivers of Belgium Agriculture Machinery Market
- Government regulations of Belgium Agriculture Machinery Market
- Government Incentives and Policies Agriculture machinery in Belgium
- Trends and Developments of Belgium Agriculture Machinery Market
- Challenges of Belgium Agriculture Machinery Market
- Competitive Analysis of Agriculture Machinery Market in Belgium
- End User Analysis of Agriculture Machinery Market in Belgium
- Future Outlook and Projections of Agriculture Machinery Market in Belgium, 2022P-2027F
- Market Opportunities and Analyst Recommendations
For more insights on the market intelligence, refer to the link below: –
Future Outlook of Belgium Agriculture Machinery Market
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