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.