Analyzing the sold production of agricultural and forestry machinery in the Netherlands from 2013 to 2023 reveals a highly volatile trend. The value in 2023 stands at 205.49 thousand items. High fluctuations are evident, with notable peaks in 2016, 2019, and 2022, and significant drops in years like 2014 and 2021. The previous two years showed substantial recovery with a 12.53% year-on-year increase in 2023. The CAGR over the past five years equates to a modest 4.75% growth.
Future projections indicate a steady upward trend with the sold production expected to reach 232.91 thousand items by 2028. The five-year forecasted CAGR stands at 1.99%, suggesting a slower but positive growth trajectory.
Future trends to watch for:
- Technological advancements in machinery enhancing productivity.
- Impact of governmental policies and subsidies on agricultural machinery sales.
- Global economic factors influencing market demand.
- Shift towards sustainable and eco-friendly machinery solutions.
