In 2023, Italy's market for tractors with engine power exceeding 59 kW was valued at 1.279 billion Euros. The forecasted data suggests a steady growth trend from 2024 to 2028, with values increasing each year, reaching 1.4989 billion Euros by 2028. This represents an annual average growth rate (CAGR) of approximately 3.12% over the five years from 2024 to 2028. Notably, the year-on-year increase between 2024 and 2025 is projected at 3.36%, with consistent growth percentages observed in the subsequent years.
Future trends to watch for include:
- Sustainable agriculture and technological advancements driving demand.
- Potential market saturation slowing growth post-2028.
- Impact of European policy shifts on tractor production and sales.
- Inclusion of alternative energy sources in engines could affect market dynamics.
