The forecast for tractor production with an engine power of 37 kW - 59 kW in Italy shows a consistent upward trend from 2024 to 2028. It begins at 774.08 million euros in 2024, rising steadily each year to reach 1,145.3 million euros by 2028. In 2023, the value stood at an estimated baseline, which the forecast does not specify explicitly but indicates continued growth from prior years. The year-on-year growth rates demonstrate a strengthening market, with significant percentage increases each year and a robust compound annual growth rate (CAGR) over the five-year forecast period.
Future trends to watch for include technological advancements in tractor design, impacting efficiency and demand, and policy changes related to agricultural subsidies or emission regulations which may affect production rates. Additionally, global supply chain dynamics and market competition could influence future growth prospects.
