In 2023, the actual sold production of seeders, planters, and transplanters in Austria stood at €7.965 million. Forecasted data indicates a steady increase through 2024 with €8.1907 million, showing a year-on-year growth of 2.83%. This upward trend persists in the subsequent years: 2025 (2.84%), 2026 (2.72%), 2027 (2.62%), and 2028 (2.54%). The Compound Annual Growth Rate (CAGR) over the five-year period from 2024 to 2028 is approximately 2.71%.
Looking forward, future trends to watch include advancements in agricultural technology, increased efficiency of equipment, and rising demand from sustainable farming practices. These factors could potentially accelerate market growth and innovation in seeders, planters, and transplanters. Stakeholders should monitor regulatory changes and technological innovations impacting the agricultural sector.
