The forecast for the production of new agricultural and forestry wheeled tractors with engine power of 59 kW to 75 kW in Italy shows a declining trend from 2024 to 2028. Starting at an anticipated 15.7 thousand units in 2024, the production is expected to decrease to 13.01 thousand units by 2028. Compared to the actual 2023 production figures, which were the baseline, the forecasted figures indicate an average annual decline (CAGR) over the five-year period.
Key points to watch in the future include:
- Technological advancements in agricultural machinery could impact demand.
- Government policies and incentives for sustainable farming practices.
- Market shifts due to fluctuations in agricultural commodity prices.
