The production value of forestry and agricultural machinery in Austria has shown significant fluctuation over the years. It stood at 2.44 billion Euros in 2023. Between 2013 and 2023, the market saw various periods of growth and decline. Notable increases occurred in 2017 and 2018, with year-on-year growth rates of 13.82% and 13.87%, respectively. However, there were also downturns, particularly in 2015 and 2020, where production values decreased by -4.83% and -5.25%, respectively. The 5-year CAGR leading up to 2023 was 1.11%.
Looking ahead, the production value is anticipated to reach 2.72 billion Euros by 2028. The forecasted CAGR for the next five years is 1.71%, indicating moderate and steady growth. Future trends to watch for include advancements in machinery technology, increased demand for sustainable and efficient agricultural practices, and potential impacts of economic conditions on production capabilities.
