In 2023, Germany led the European Sold Production of Agricultural and Forestry Machinery with 13.31% year-on-year growth, reaching 11.961 billion Euros. Italy followed with an impressive 20.15% increase to 7.9182 billion Euros. France saw modest growth at 2.68%, while Finland and Austria experienced slight shifts of 1.91% and -0.21% respectively. The UK demonstrated notable growth at 9.92%. Sweden and Slovenia stood out with growth rates of 16.26% and 50.42% respectively, indicating strong upward trends. Negative trends were observed in Hungary with -3.29%, Norway with -15.85%, and Latvia with -21.79% year-on-year variations.
Future trends to watch in the European market for Agricultural and Forestry Machinery include shifts towards advanced mechanization and sustainable technologies. The growth potential in Eastern European countries and advancements in automation and AI integration will be key drivers for market expansion. Additionally, the push towards green energy solutions and climate-resilient machinery will likely influence production trends.
Top countries in Sold Production of Agricultural and Forestry Machinery by Country
| # | 10 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 11,961,000,000 | 2023 | +1.02% | +13.31% | View data |
| 2 | 2 Italy | 7,918,200,000 | 2023 | +3.97% | +20.15% | View data |
| 3 | 3 France | 4,447,200,000 | 2023 | +2.4% | +2.68% | View data |
| 4 | 4 Finland | 2,356,100,000 | 2023 | +5.99% | +1.91% | View data |
| 5 | 5 Austria | 2,247,200,000 | 2023 | +11.62% | -0.21% | View data |
| 6 | 6 United Kingdom | 1,817,800,000 | 2023 | +3.64% | +9.92% | View data |
| 7 | 7 Netherlands | 1,313,900,000 | 2023 | +2.1% | +2.37% | View data |
| 8 | 8 Poland | 1,192,700,000 | 2023 | +2.93% | +2.14% | View data |
| 9 | 9 Spain | 738,000,000 | 2023 | +2.05% | +2.55% | View data |
| 10 | 10 Sweden | 714,760,000 | 2023 | +2.81% | +16.26% | View data |
