The European market for forestry machinery is dominated by Finland, with a substantial 72.18% share in euros, showing a positive growth trend with a 3.9% year-on-year increase in 2023. Austria and Sweden hold significantly smaller shares at 8.79% and 8.07%, respectively, with Austria seeing a slight decline of 0.82% and Sweden a modest gain of 0.21%. Other countries like Portugal and Spain exhibit notable growth with surges of 28.74% and 21.47%, respectively. Overall, the market sees moderate shifts, with some countries experiencing declines like Denmark (-10.41%) and Estonia (-8.22%).
Future trends to watch include continued dominance by Finland, potential growth in markets like Portugal and Spain focusing on expanding their capacities, and recovery strategies in declining regions like Denmark and Estonia. Additionally, technological advancements and sustainable forestry practices are expected to drive European machinery production forward, while geopolitical and economic factors may also influence distribution and market dynamics.
Top countries in Sold Production of Forestry Machinery Share by Country (Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Finland | 72.18 | 2023 | +9.11% | +3.9% | View data |
| 2 | 2 Austria | 8.79 | 2023 | +6.22% | -0.82% | View data |
| 3 | 3 Sweden | 8.07 | 2023 | -0.19% | +0.21% | View data |
| 4 | 4 United Kingdom | 2.57 | 2023 | +1.23% | +0.26% | View data |
| 5 | 5 Germany | 2.26 | 2023 | +5.43% | +0.064% | View data |
| 6 | 6 Czechia | 1.48 | 2023 | |||
| 7 | 7 Portugal | 1.03 | 2023 | +50.85% | +28.74% | View data |
| 8 | 8 Spain | 0.62 | 2023 | +20.97% | +21.47% | View data |
| 9 | 9 Lithuania | 0.61 | 2023 | +5.48% | +7.4% | View data |
| 10 | 10 Denmark | 0.41 | 2023 | -21.29% | -10.41% | View data |
