Germany leads the European market in the production value of renting and leasing agricultural machinery and equipment, registering a modest decline of 0.53% in 2023. The UK and France follow, with the latter experiencing significant growth at 41.86%, indicating strong market demand. Poland also shows positive growth, while Italy and Lithuania exhibit notable increases. Spain and Portugal maintain steady progress, whereas Austria and Sweden report slight declines. Other countries like Norway, Finland, and Slovakia reveal moderate upward trends, while Iceland sees a substantial reduction. The compound annual growth rate provides insights into overall market dynamics over the past five years.
Future trends to monitor in this sector include technological advancements in agricultural machinery, the impact of sustainability initiatives on equipment usage, and potential shifts in market dynamics due to policy changes. These factors, alongside fluctuating agricultural demands, will influence the production value landscape across Europe.
Top countries in Production Value of Renting and Leasing of Agricultural Machinery and Equipment by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 358.6 | 2023 | +2.52% | -0.53% | View data |
| 2 | 2 United Kingdom | 349.5 | 2023 | +2.95% | +1.63% | View data |
| 3 | 3 France | 305.6 | 2023 | +6.78% | +41.86% | View data |
| 4 | 4 Poland | 149.9 | 2023 | +10.14% | +1.32% | View data |
| 5 | 5 Spain | 95.2 | 2023 | +4.5% | +4.1% | View data |
| 6 | 6 Portugal | 40.3 | 2023 | +1.77% | +0.76% | View data |
| 7 | 7 Austria | 39.8 | 2023 | +0.76% | -1.85% | View data |
| 8 | 8 Denmark | 36.5 | 2023 | +1.39% | View data | |
| 9 | 9 Italy | 33.7 | 2023 | +4.98% | +16.21% | View data |
| 10 | 10 Lithuania | 23.7 | 2023 | +15.05% | +17.91% | View data |
