In 2023, Germany led the European forestry and agricultural machinery market with a production value share of 29.14 million euros, followed by Italy and France with 19.88 and 11.87 million euros respectively. Notable year-on-year increases were observed in Lithuania (8.41%) and Estonia (3.0%), while Finland (-2.16%) and Norway (-3.66%) faced declines. The five-year CAGR revealed modest growth across most countries, signaling an overall steady development in this sector.
Future trends in European forestry and agricultural machinery production include:
- A focus on sustainability and innovation for eco-friendly machinery.
- Investment in digital technologies to improve efficiency and productivity.
- Market penetration in Eastern European countries offering growth potential.
Top countries in Forestry and Agricultural Machinery Production Value Share by Country (Million Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 29.14 | 2023 | +2.36% | +0.15% | View data |
| 2 | 2 Italy | 19.88 | 2023 | +1.98% | +0.27% | View data |
| 3 | 3 France | 11.87 | 2023 | +2.33% | +0.17% | View data |
| 4 | 4 Netherlands | 6.12 | 2023 | +3.23% | +3.33% | View data |
| 5 | 5 United Kingdom | 5.46 | 2023 | +1.26% | +1.22% | View data |
| 6 | 6 Austria | 4.99 | 2023 | +2.41% | +1.11% | View data |
| 7 | 7 Belgium | 3.8 | 2023 | +3.03% | +2.45% | View data |
| 8 | 8 Poland | 3.69 | 2023 | +2.44% | +1.56% | View data |
| 9 | 9 Spain | 3.01 | 2023 | +1.54% | +0.18% | View data |
| 10 | 10 Finland | 2.37 | 2023 | +1.88% | -2.16% | View data |
