In 2023, Germany led the European market for agricultural and forestry machinery with a 31.31% share, marking a 13.31% annual increase. Italy followed at 20.72%, up 20.15% year-on-year. France took 11.64% with a modest 2.68% growth. Other notable performances include Finland at 6.17% (+1.91%), and Sweden at 1.87%, which surged by 16.26%. The United Kingdom registered a 4.76% share, growing by 9.92%. On the downside, Norway and Latvia saw declines of -15.85% and -21.79%, respectively.
Key trends to watch in the future involve technological advancements in precision agriculture and sustainable forestry practices, which could shift market shares. Germany and Italy are likely to remain dominant, but emerging markets in Eastern Europe might see growth due to increased investment and modernization efforts.
Top countries in Sold Production of Agricultural and Forestry Machinery Share by Country (Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 31.31 | 2023 | +1.02% | +13.31% | View data |
| 2 | 2 Italy | 20.72 | 2023 | +3.97% | +20.15% | View data |
| 3 | 3 France | 11.64 | 2023 | +2.4% | +2.68% | View data |
| 4 | 4 Finland | 6.17 | 2023 | +5.99% | +1.91% | View data |
| 5 | 5 Austria | 5.88 | 2023 | +11.62% | -0.21% | View data |
| 6 | 6 United Kingdom | 4.76 | 2023 | +3.64% | +9.92% | View data |
| 7 | 7 Netherlands | 3.44 | 2023 | +2.1% | +2.37% | View data |
| 8 | 8 Poland | 3.12 | 2023 | +2.93% | +2.14% | View data |
| 9 | 9 Spain | 1.93 | 2023 | +2.05% | +2.55% | View data |
| 10 | 10 Sweden | 1.87 | 2023 | +2.81% | +16.26% | View data |
