The forestry and agricultural machinery turnover in Sweden experienced significant fluctuations from 2013 to 2023, with turnover values ranging from 1.3 Billion Euros in 2016 to 1.68 Billion Euros in 2013 and again forecasted in 2026. In 2023, the turnover stood at 1.63 Billion Euros. The year-on-year percentage variations highlight the industry's volatility, with notable declines in 2014 and 2015 and subsequent recoveries in the following years, including a 9.11% increase in 2017 and a steady rise through to 2023. Over the last five years (2019-2023), the compound annual growth rate (CAGR) has averaged 1.53%.
Future trends to watch include the forecasted gradual increase in turnover, reaching 1.71 Billion Euros by 2028, driven by a predicted 5-year CAGR of 0.82%. Factors such as technological advancements in machinery, increasing demand for sustainable forestry and agricultural practices, and potential impacts of economic and environmental policies will be crucial in shaping the market dynamics. Monitoring these elements will be essential for projecting future performance and industry health.
