The forecasted sales production of tractors with an engine power less than 37 kW in Italy illustrates a declining trend from 2024 to 2028, decreasing from 139.81 million euros to 127.94 million euros. Year-on-year analysis indicates an average annual decrease of approximately 2.2% during this period. Notably, as of 2023, the actual sales value was higher than forecasted figures for 2024 and beyond, underscoring a potential shift in market dynamics.
Future Trends to Watch:
- Technological advancements in tractor design aimed at improving efficiency and power within smaller engine categories.
- Policy changes related to agricultural machinery emissions and sustainability could influence future demand.
- Potential shifts in agricultural practices and farm sizes, impacting tractor requirements.