In 2023, the production value of forestry and agricultural machinery in Germany stood at 14.29 billion Euros. Reviewing the past decade reveals a notable fluctuation in value, with a low of 11.11 billion Euros in 2015 and a peak of 14.23 billion Euros in 2020. The year-on-year variation over the last two years shows positive growth, with a 2.44% increase in 2022 and a 2.36% rise in 2023. The CAGR over the past five years was a modest 0.15%, indicating stable growth amidst minor volatility.
Looking ahead, the forecast data suggests a positive trend with a projected CAGR of 1.68% over the next five years, reaching 15.89 billion Euros by 2028. This represents an overall growth rate of 8.69% from 2023 to 2028. Key future trends to watch for include technological advancements in machinery, government policies supporting sustainable agricultural practices, and potential impacts of global supply chain disruptions.
