In 2023, the sold production of agricultural and forestry machinery in France stood at 4.45 billion Euros. Moving forward, from 2024 to 2028, this value is forecasted to increase steadily: 4.5503 billion Euros in 2024, 4.6522 billion Euros in 2025, 4.7532 billion Euros in 2026, 4.8531 billion Euros in 2027, and 4.9521 billion Euros in 2028.
The year-on-year variations are as follows: from 2024 to 2025, an increase of 2.24%; from 2025 to 2026, an increase of 2.17%; from 2026 to 2027, an increase of 2.10%; from 2027 to 2028, an increase of 2.04%. Over the last two years, the compound annual growth rate (CAGR) stands at around 2.14%.
Future Trends to Watch For:
- Advancements in precision farming technologies may drive demand for more sophisticated machinery.
- Increasing focus on sustainability could lead to higher production of eco-friendly and energy-efficient machinery.
- Economic policies and subsidies directed at the agricultural sector potentially impacting the growth rate.
- Global supply chain disruptions and their effects on production and pricing.
- Potential mergers and acquisitions within the industry, affecting market dynamics.
