The sold production value of agricultural and forestry machinery in Germany has exhibited considerable variability over the past years. After a peak in 2013 at 1.7671 million items, the market experienced a significant downturn in 2014 and 2015, followed by a notable rebound in 2016 and a steady increase through 2017 and 2018. However, the production value dropped again in 2019, plunged sharply in 2020, and then substantially recovered in 2021. There was a slight decline in 2022 but a modest increase in 2023, standing at 1.8565 million items.
Year-on-year variations demonstrate the market's volatility, with substantial fluctuations observed particularly in 2016, 2020, and 2021. The average compound annual growth rate (CAGR) over the last five years indicates a slight decline of -2.64%. In contrast, the forecast for the next five years shows a marginally positive outlook with a projected CAGR of 0.12% and an overall growth rate of 0.58% by 2028.
Future trends to watch for include technological advancements in agricultural and forestry machinery, shifts in agricultural practices due to climate change, and evolving regulatory environments that may influence production standards and demand patterns. Monitoring these factors will be crucial for anticipating market dynamics and guiding strategic decisions.
