In 2023, the turnover in the manufacture of agricultural and forestry machinery sector in Germany was estimated at approximately 16.75 billion Euros. From this base, the sector is forecasted to grow steadily, reaching 18.51 billion Euros by 2028. This represents a compound annual growth rate (CAGR) of around 2% over the five-year forecast period, with year-on-year growth rates showing a stable upward trend. Key observed yearly increases are consistent from 2024 through 2028, indicating a healthy expansion trajectory for the industry.
Future trends to watch for include:
- Adoption of advanced technologies and automation in machinery.
- Demand shifts driven by sustainable and smart farming practices.
- Potential supply chain adjustments due to geopolitical and economic influences.
- Government policies and subsidies impacting machinery investments.
