The production of scarifiers and cultivators in Germany saw fluctuating trends from 2013 to 2023. In 2023, the volume stood at 11.75 thousand items. Over the last two years, there was a minimal year-on-year decline of 0.58% in 2022 and 0.47% in 2023. The subsequent forecast suggests a slight but consistent downturn with a forecasted 5-year CAGR of -0.37%, amounting to an overall decline of 1.85% by 2028.
Looking back, the period from 2013 to 2018 experienced significant variability, with notable dips and peaks. Notably, the production dropped sharply in 2014 and 2015 but recovered steadily by 2018. However, another decline was observed from 2019 to 2020, before a stronger recovery in 2021. The CAGR over the past five years was a modest 0.15%, signaling a relatively stable albeit slowing growth trend in the latter years.
Future trends to watch for include advancements in agricultural technology, potential increases in demand for more efficient and environmentally friendly farming equipment, and the impact of economic conditions on agricultural investments. The gradual forecasted decline indicates a need for innovation and adaptation within the market to sustain production levels and meet evolving demands.
