Forecast: Production Value of Renting and Leasing of Agricultural Machinery and Equipment in France

As of 2023, the production value of renting and leasing agricultural machinery and equipment in France stood at 305 million Euros. Forecasts indicate a steady increase, reaching 401.1 million Euros by 2028. This represents year-on-year growth rates as follows: 2024 shows a 6.5% increase, 2025 with 5.9%, 2026 at 5.5%, 2027 seeing a 5.2% rise, and 2028 exhibiting a 4.9% increase. The compound annual growth rate (CAGR) over the five years is approximately 5.6%.

Possible future trends to watch for include:

  • The impact of technological advancements on machinery efficiency and costs.
  • Regulatory changes in the agricultural sector affecting machinery leasing and renting.
  • Environmental concerns driving shifts toward more sustainable agricultural practices and machinery.
  • Fluctuations in agricultural demand due to climate conditions and global market changes.

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