The production of agricultural and forestry machinery in Austria is forecasted to grow significantly from 2024 to 2028, reaching 2.1782 million items by 2028. In 2024, the forecasted production value stands at 1.6664 million items, reflecting a compound annual growth rate (CAGR) over the forecast period. Comparing the forecasted figures from 2024 to 2025, there is a year-on-year increase of approximately 7.8%. From 2025 to 2026, the growth rate is 7.2%, and from 2026 to 2027, it is 6.6%. The growth between 2027 and 2028 is expected to be 6.1%, indicating a robust upward trend in production volumes over the five-year period.
Key future trends to watch for include advancements in machinery technology, increasing demand for precision farming equipment, and the influence of environmental regulations which may impact production methods and machinery designs. Additionally, fluctuations in raw material costs and international trade policies could significantly affect production forecasts.
