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Agricultural Machinery & Equipment Wholesaling in Germany - Market Research Report (2014-2029)

Robert Maier Robert Maier Frankfurt, Germany Last Updated: November 2024 WZ G46.61DE

Revenue

€25.3bn

2024

€25.3bn

Past 5-Year Growth

Profit

€XXX.Xm

Employees

35,010

Businesses

1,575

Wages

€X.Xbn

Agricultural Machinery & Equipment Wholesaling in Germany industry analysis

Wholesale of agricultural machinery is an important link between manufacturers of agricultural machinery on the one hand and retailers and farmers on the other. The top-selling products sold to farmers and foresters via wholesalers include tractors, harvesting and tillage machinery as well as related attachments and spare parts. In the period between 2019 and 2024, wholesale sales of agricultural machinery grew by an average of 1% per year.Inconsistent developments in wheat and milk prices had initially led to a reduction in investments by farmers and dairy farmers, the most important consumers in the industry, shortly before the start of the last five-year period. In 2021 and 2022, demand for agricultural machinery then picked up significantly in an environment of rising grain and milk prices and after good harvests. From 2023 onwards, the sharp rise in sales prices for key products such as tractors and higher financing costs due to the turnaround in interest rates in 2022 increasingly weakened this ramp-up and ultimately reversed it. The current year is therefore likely to be characterised by a significant contraction in the agricultural machinery market. IBISWorld expects the industry's turnover to amount to 25.3 billion euros. This represents a decline of 10.6% compared to the previous year.In the next five years, industry sales are expected to grow by an average of 1.6% per year. IBISWorld forecasts a turnover of 27.3 billion euros for 2029. The agricultural sector is expected to remain stable, even though risks from extreme weather events due to climate change will persist. Sales potential for industry players lies mainly in technological progress. Manufacturers of agricultural machinery are increasingly developing and implementing automation concepts that make farmers' work easier.

Trends and Insights

  • In order to generate additional value, many wholesalers offer service and repair services. In this way, industry players are trying to increase their competitiveness and boost their profitability.
  • The product segment with the highest turnover in wholesale is agricultural and forestry tractors. It primarily includes tractors, which are the most universally applicable product in the industry.
  • The Süd region has the largest share of businesses in this sector. This is mainly due to the fact that almost half of all agricultural businesses are located here (47%).
  • The industry products only differ to a certain extent in terms of their product characteristics. In addition to performance parameters, pricing and machine costs therefore serve as an important differentiation tool for companies.

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  • Market estimates from 2014-2029
  • Critical performance data and rankings
  • Detailed analysis of competitive forces and the external environment
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Industry Statistics and Trends

Market size and recent performance (2014-2029)

Industry revenue has grown at a CAGR of 1.0 % over the past five years, to reach an estimated €25.3bn in 2024.

Trends and Insights

Wholesalers play an important role in the distribution of agricultural machinery

  • The sale of machinery via wholesalers is still by far the most common distribution channel in agriculture. This industry makes a significant contribution to ensuring that agricultural and forestry machinery reaches farmers and foresters, the end users of industry-specific products.
  • Additional trends and insights available with purchase
Agricultural Machinery & Equipment Wholesaling in Germany
Revenue (2014-2029)
IBISWorld Logo Source: IBISWorld

Industry outlook (2024-2029)

Market size is projected to grow over the next five years.

Trends and Insights

Biggest companies in the Agricultural Machinery & Equipment Wholesaling in Germany

Company
Market Share (%)
2024
Revenue (€m)
2024
BayWa AG
1,332.0
Agravis Raiffeisen AG
1,052.2
Fricke Group GmbH & Co. KG
641.6

To view the market share and analysis for all 3 top companies in this industry, view purchase options.

Products & Services Segmentation

Agricultural Machinery & Equipment Wholesaling in Germany
Products & Services
IBISWorld Logo Source: IBISWorld

Industry revenue is measured across several distinct product and services lines, including Agricultural and forestry tractors, Harvesters and Soil tillage machinery. Agricultural and forestry tractors is the largest segment of the Agricultural Machinery & Equipment Wholesaling in Germany.

Trends and Insights

Agricultural and forestry tractors are the central tools of modern agriculture and the industry's most important product

  • The product segment with the highest turnover in the wholesale trade is agricultural and forestry tractors. It primarily includes tractors, which are also the best-selling product in the sector, due to the fact that tractors are versatile and many other agricultural machines can only be used in conjunction with a tractor as a towing vehicle.
  • More insights available in the full report

Table of Contents

About this industry

Industry definition

Companies in the sector trade wholesale in agricultural machinery and equipment. These include harvesting machines, threshing machines, milking machines, poultry farming and beekeeping machines as well as drying machines and harvest preparation machines.

What's included in this industry?

Agricultural and forestry tractorsHarvestersSoil tillage machineryParts for machines, apparatus and devices in the industryOther machinery for agriculture and forestry

Companies

BayWa AGAgravis Raiffeisen AGFricke Group GmbH & Co. KG

Purchase this report to view all 3 major companies in this industry.

Related Terms

REGISTERED SHARES WITH RESTRICTED TRANSFERABILITY5G STANDARDSUPPLY OLIGOPOLY

Industry Code

WZ 2008

WZ 46.61 - Agricultural Machinery & Equipment Wholesaling in Germany

Performance

Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.

Analyst insights

In order to generate additional value, many wholesalers offer service and repair services. In this way, industry players are trying to increase their competitiveness and boos...

In this chapter (4)

  • Current Performance
  • Outlook
  • Volatility
  • Life Cycle

Key metrics

  • Annual Revenue, Recent Growth, Forecast, Revenue Volatility
  • Number of Employees, Recent Growth, Forecast, Employees per Business, Revenue per Employee
  • Number of Businesses, Recent Growth, Forecast, Employees per Business, Revenue per Business
  • Total Profit, Profit Margin, Profit per Business

Charts

  • Revenue, including historical (2014-2023) and forecast (2024-2029)
  • Employees, including historical (2014-2023) and forecast (2024-2029)
  • Businesses, including historical (2014-2023) and forecast (2024-2029)
  • Profit, including historical (2014-2024)
  • Industry Volatility vs. Revenue Growth
  • Industry Life Cycle

Detailed analysis

  • Trends in supply, demand and current events that are driving current industry performance
  • Expected trends, economic factors and ongoing events that drive the industry's outlook
  • Key success factors for businesses to overcome volatility
  • How contribution to GDP, industry saturation, innovation, consolidation, and technology and systems influence the industry's life cycle phase.

Products and Markets

Learn about an industry's products and services, markets and trends in international trade.

Analyst insight

The product segment with the highest turnover in wholesale is agricultural and forestry tractors. It primarily includes tractors, which are the most universally applicable pr...

In this chapter

  • Products & Services
  • Major Markets

Key metrics

  • Largest market segment and value in 2024
  • Product innovation level

Charts

  • Products & services segmentation in 2024
  • Major market segmentation in 2024

Detailed analysis

  • Trends impacting the recent performance of the industry's various segments
  • Innovations in the industry's product or service offering, specialization or delivery method
  • Key factors that successful businesses consider in their offerings
  • Buying segments and key trends influencing demand for industry products and services

Geographic Breakdown

Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.

Analyst insights

The Süd region has the largest share of businesses in this sector. This is mainly due to the fact that almost half of all agricultural businesses are located here (47%).

In this chapter (1)

  • Business Locations

Charts

  • Share of revenue, establishment, wages and employment in each region
  • Share of population compared to establishments in each region in 2024

Tables

  • Number and share of establishments in each region in 2024
  • Number and share of revenue each region accounts for in 2024
  • Number and share of wages each region accounts for in 2024
  • Number and share of employees in each region in 2024

Detailed analysis

  • Geographic spread of the industry across Europe, and trends associated with changes in the business landscape
  • Key success factors for businesses to use location to their advantage

Competitive Forces

Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.

Analyst insights

The industry products only differ to a certain extent in terms of their product characteristics. In addition to performance parameters, pricing and machine costs therefore se...

In this chapter (4)

  • Concentration
  • Barriers to Entry
  • Substitutes
  • Buyer & Supplier Analysis

Key metrics

  • Industry concentration level
  • Industry competition level and trend
  • Barriers to entry level and trend
  • Substitutes level and trend
  • Buyer power level and trend
  • Supplier power level and trend

Charts

  • Market share concentration among the top 4 suppliers from 2019-2024
  • Supply chain including upstream supplying industries and downstream buying industries, flow chart

Detailed analysis

  • Factors impacting the industry’s level of concentration, such as business distribution, new entrants, or merger and acquisition activity.
  • Key success factors for businesses to manage the competitive environment of the industry.
  • Challenges that potential industry entrants face such as legal, start-up costs, differentiation, labor/capital intensity and capital expenses.
  • Key success factors for potential entrants to overcome barriers to entry.
  • Competitive threats from potential substitutes for the industry’s own products and services.
  • Key success factors for how successful businesses can compete with substitutes.
  • Advantages that buyers have to keep favorable purchasing conditions.
  • Advantages that suppliers have to maintain favorable selling conditions.
  • Key success factors for how businesses can navigate buyer and supplier power.

Companies

Learn about the performance of the top companies in the industry.

Analyst insights

BayWa has a full range of machinery and equipment for all areas of agriculture and forestry. The sale of agricultural machinery is assigned to the Technology division.

In this chapter

  • Market Share Concentration
  • Companies
  • Company Spotlights

Charts

  • Industry market share by company in 2020 through 2024
  • Major companies in the industry, including market share, revenue, profit and profit margin in 2024
  • Overview of BayWa AG's performance by revenue, market share and profit margin from 2018 through 2024
  • Overview of Agravis Raiffeisen AG's performance by revenue, market share and profit margin from 2018 through 2024
  • Overview of Fricke Group GmbH & Co. KG's performance by revenue, market share and profit margin from 2018 through 2024

Detailed analysis

  • Description and key data for BayWa AG, and factors influencing its performance in the industry
  • Description and key data for Agravis Raiffeisen AG, and factors influencing its performance in the industry
  • Description and key data for Fricke Group GmbH & Co. KG, and factors influencing its performance in the industry

External Environment

Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.   

Analyst insights

The agricultural machinery wholesale sector does not receive any direct government support. However, support programmes aimed at farmers and other important customer groups h...

In this chapter

  • External Drivers
  • Regulation & Policy
  • Assistance

Key metrics

  • Regulation & policy level and trend
  • Assistance level and trend

Charts

  • Regulation & Policy historical data and forecast (2014-2029) 
  • Assistance historical data and forecast (2014-2029) 

Detailed analysis

  • Demographic and macroeconomic factors influencing the industry, including Regulation & Policy and Assistance
  • Major types of regulations, regulatory bodies, industry standards or specific regulations impacting requirements for industry operators
  • Key governmental and non-governmental groups or policies that may provide some relief for industry operators.

Financial Benchmarks

View average costs for industry operators and compare financial data against an industry's financial benchmarks over time. 

Analyst insights

The profit margin in the wholesale of agricultural machinery is comparatively low. The players operate in a very fragmented market in which manufacturers of agricultural mach...

In this chapter

  • Cost Structure
  • Financial Ratios
  • Key Ratios

Key metrics

  • Profit margin, and how it compares to the sector-wide margin
  • Average wages, and how it compares to the sector-wide average wage
  • Largest cost component as a percentage of revenue
  • Industry average ratios for days' receivables, industry coverage and debt-to-net-worth ratio

Charts

  • Average industry operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
  • Average sector operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
  • Investment vs. share of economy

Data tables

  • Cash Flow & Debt Service Ratios (2014-2029)
  • Revenue per Employee (2014-2029)
  • Revenue per Enterprise (2014-2029)
  • Employees per Establishment (2014-2029)
  • Employees per Enterprise (2014-2029)
  • Average Wage (2014-2029)
  • Wages/Revenue (2014-2029)
  • Establishments per Enterprise (2014-2029)
  • IVA/Revenue (2014-2029)
  • Imports/Demand (2014-2029)
  • Exports/Revenue (2014-2029)

Detailed analysis

  • Trends in the cost component for industry operators and their impact on industry costs and profitability 

Key Statistics

Industry Data

Data Tables

Including values and annual change:

  • Revenue (2014-2029)
  • IVA (2014-2029)
  • Establishments (2014-2029)
  • Enterprises (2014-2029)
  • Employment (2014-2029)
  • Exports (2014-2029)
  • Imports (2014-2029)
  • Wages (2014-2029)

Top Questions Answered

Unlock comprehensive answers and precise data upon purchase. View purchase options.

What is the market size of the Agricultural Machinery & Equipment Wholesaling industry in Germany in 2024?

The market size of the Agricultural Machinery & Equipment Wholesaling industry in Germany is €25.3bn in 2024.

How many businesses are there in the Agricultural Machinery & Equipment Wholesaling in Germany industry in 2024?

There are 1,575 businesses in the Agricultural Machinery & Equipment Wholesaling industry in Germany, which has declined at a CAGR of 0.7 % between 2019 and 2024.

Has the Agricultural Machinery & Equipment Wholesaling industry in Germany grown or declined over the past 5 years?

The market size of the Agricultural Machinery & Equipment Wholesaling industry in Germany has been growing at a CAGR of 1.0 % between 2019 and 2024.

What is the forecast growth of the Agricultural Machinery & Equipment Wholesaling industry in Germany over the next 5 years?

Over the next five years, the Agricultural Machinery & Equipment Wholesaling industry in Germany is expected to grow.

What are the biggest companies in the Agricultural Machinery & Equipment Wholesaling market in Germany?

The biggest companies operating in the Agricultural Machinery & Equipment Wholesaling market in Germany are BayWa AG, Agravis Raiffeisen AG and Fricke Group GmbH & Co. KG

What does the Agricultural Machinery & Equipment Wholesaling in Germany include?

Agricultural and forestry tractors and Harvesters are part of the Agricultural Machinery & Equipment Wholesaling industry.

Which companies have the highest market share in the Agricultural Machinery & Equipment Wholesaling in Germany?

The company holding the most market share in Germany is BayWa AG.

How competitive is the Agricultural Machinery & Equipment Wholesaling industry in Germany?

The level of competition is high and increasing in the Agricultural Machinery & Equipment Wholesaling industry in Germany.

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Methodology

How are IBISWorld reports created?

IBISWorld has been a leading provider of trusted industry research for over 50 years to the most successful companies worldwide. With offices in Australia, the United States, the United Kingdom, Germany and China, we are proud to have local teams of analysts that conduct research, data analysis and forecasting to produce data-driven industry reports.

Our analysts start with official, verified and publicly available sources of data to build the most accurate picture of each industry. Analysts then leverage their expertise and knowledge of the local markets to synthesize trends into digestible content for IBISWorld readers. Finally, each report is reviewed by one of IBISWorld’s editors, who provide quality assurance to ensure accuracy and readability.

IBISWorld relies on human-verified data and human-written analysis to compile each standard industry report. We do not use generative AI tools to write insights, although members can choose to leverage AI-based tools within the platform to generate additional analysis formats.

What data sources do IBISWorld analysts use?

Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.

Key data sources in Germany include:

  • German Federal Statistics Office (Destatis)
  • European Statistics Office (Eurostat)
  • United Nations Comtrade

Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.

These sources include:

  • Industry and trade associations
  • Industry federations or regulators
  • Major industry players annual or quarterly filings

Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.

How does IBISWorld forecast its data?

IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.

IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools. We are proud to be the keystone source of industry information for thousands of companies across the world.

Learn more about our methodology and data sourcing on the Help Center.