AGCO : Fendt achieves record market share in tractor registrations in Germany and France
January 18, 2021 at 09:10 am EST
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The Corona pandemic hit France and also the French agricultural market particularly hard. With a total of 24.271 standard tractors registered in 2020, the overall market declined by 7,5 percent compared to the previous year. 'Despite a difficult year, Fendt was able to increase its market share in tractors with 51 HP and above to 14,9 percent', said Christoph Gröblinghoff, Chairman of the AGCO/Fendt Management Board. 'Our dedicated Fendt team in Europe's largest agricultural market has been doing a great job for many years.'
Within the last ten years, Fendt has continuously increased its market share. In 2020, the market share of Fendt tractors from 51 HP improved by 1,3 percentage points. 10 years ago, Fendt had a market share of 8,03 percent in France. In the special tractor category, the Fendt 200 V/F/P Varios are even the market leader in France with a market share of 19,4 percent.
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AGCO Corporation published this content on 18 January 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 18 January 2021 14:09:04 UTC
AGCO Corporation is a designer, manufacturer and distributor of agricultural machinery and precision agriculture technology. The Company sells a range of agricultural equipment, including tractors, combines, self-propelled sprayers, hay tools, forage equipment, seeding and tillage equipment, implements, and grain storage and protein production systems. It provides telemetry-based fleet management tools, including remote monitoring and diagnostics, which help farmers improve uptime, machine and yield optimization, mixed fleet optimization and decision support. The Company's Precision Planting, Headsight and Intelligent Ag Solutions brands provide retrofit solutions to upgrade farmers existing equipment to improve their planting, liquid application and harvest operations. The Companyâs Precision Planting, Headsight, JCA and Intelligent Ag Solutions brands also sell precision agriculture solutions around the crop cycle to third party original equipment manufacturers (OEMs).
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