The sold production of tractors in Italy with engine power exceeding 59 kW is projected to steadily increase from 2024 through 2028, based on forecast data. In 2023, the figures were actual, but from 2024 onwards, the data is forecasted. From 2024 to 2028, the figures show an average annual growth rate, indicating a continuous upward trend in tractor production. Comparing the last two years, the forecasted year-on-year increase reflects robust growth. Notably, the compound annual growth rate (CAGR) over the forecasted period also confirms an optimistic growth trajectory in the Italian market for high-powered tractors.
Future trends to watch include technological advancements in tractor design, the increasing adoption of sustainable farming practices, changes in regulatory policies regarding emissions, and the potential impact of economic fluctuations on agricultural investments. Monitoring these factors will be crucial to understanding the long-term dynamics of the tractor production market in Italy.
