The production in the Swedish manufacture of agricultural and forestry machinery sector demonstrated fluctuating trends between 2013 and 2023. There was a notable decline from 2013 to 2015, followed by a recovery and consistent growth from 2017 onwards. In 2023, production stood at 12.28 billion Swedish Kronas, marking a year-on-year increase of 1.32%. Over the last two years, this sector saw modest average growth, aligning with stable market conditions. The CAGR over the past five years was projected at 3.22%, reflecting a healthy upward trajectory.
Future trends to watch for in this sector include advancements in sustainable machinery, increased automation, and the integration of smart technologies. The forecast suggests a steady growth rate with a forecasted 5-year CAGR of 0.97%, leading to a 4.95% overall increase by 2028.
