In 2023, Germany led European forestry and agricultural machinery production with a value of 14.29 billion Euros, showing a marginal increase of 0.15%. Italy and France followed with 9.75 billion Euros and 5.82 billion Euros, respectively, both demonstrating positive trends over the past year. Other notable variations include the Netherlands with a significant growth of 3.33%, while Finland and Norway experienced declines of -2.16% and -3.66%, respectively. Notably, Lithuania saw a remarkable increase of 8.41%, and Cyprus also exhibited notable year-on-year growth of 3.2%. In contrast, Greece experienced a substantial drop of -4.46%.
Future trends to watch in the European forestry and agricultural machinery market include advancements in automation and precision technology, increased sustainability efforts, and potential impacts from regulatory changes related to environmental policies. Observing how these factors influence production values by country will be crucial for stakeholders in the industry.
Top countries in Forestry and Agricultural Machinery Production Value by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 14,290 | 2023 | +2.36% | +0.15% | View data |
| 2 | 2 Italy | 9,750 | 2023 | +1.98% | +0.27% | View data |
| 3 | 3 France | 5,820 | 2023 | +2.33% | +0.17% | View data |
| 4 | 4 Netherlands | 3,000 | 2023 | +3.23% | +3.33% | View data |
| 5 | 5 United Kingdom | 2,680 | 2023 | +1.26% | +1.22% | View data |
| 6 | 6 Austria | 2,450 | 2023 | +2.41% | +1.11% | View data |
| 7 | 7 Belgium | 1,860 | 2023 | +3.03% | +2.45% | View data |
| 8 | 8 Poland | 1,810 | 2023 | +2.44% | +1.56% | View data |
| 9 | 9 Spain | 1,480 | 2023 | +1.54% | +0.18% | View data |
| 10 | 10 Finland | 1,160 | 2023 | +1.88% | -2.16% | View data |
