In 2023, the production of new agricultural and forestry wheeled tractors with engine power exceeding 90 kW in Germany stood at a level slightly below 36.55 thousand items. From 2024 through 2028, forecasts indicate a steady increase, with an average year-on-year growth rate of approximately 1.3%. Specifically, production grows from 36.55 thousand items in 2024 to 38.42 thousand items in 2028. This indicates a compound annual growth rate (CAGR) of around 1.25% over the forecasted period.
Future trends to watch for:
- Technological advancements in tractor efficiency and environmental impact.
- Regulatory changes impacting manufacturing standards and emissions.
- Global market trends affecting demand and export opportunities for German-made tractors.
- Potential impacts of economic factors on investment in agricultural equipment.
