Forecast: Production in Manufacture of Agricultural and Forestry Machinery Sector in Germany

The manufacture of agricultural and forestry machinery in Germany experienced significant fluctuations from 2013 to 2023. The sector reached its 2023 value at 14.29 billion euros, reflecting a stable recovery post-2015. Key variations included a significant drop in 2014 and 2015, modest growth in 2017, and notable increases in 2018 and 2020. The CAGR between 2018 and 2023 stood at a moderate level, indicative of sector stability.

Future trends to watch for:

  • Continued growth is projected with increased efficiency and automation in machinery.
  • Adoption of sustainable and precision farming technologies.
  • Potential impacts from economic policies and trade regulations.

Top Countries about Agricultural Machinery