The production value of renting and leasing agricultural machinery and equipment in Italy is projected to experience consistent growth from 2024 to 2028, with an increase from 35 million euros in 2024 to 38.1 million euros in 2028. Year-on-year growth sees a gradual rise, with a 3.1% increase in 2025, followed by smaller increments of approximately 2.2% annually through 2028. The compound annual growth rate (CAGR) over this period is estimated at 2.72%. In 2023, the value stood just below the 2024 forecast, marking a steady climb.
Future trends to watch for include technological advancements in agricultural machinery, shifts towards more sustainable farming practices, and potential policy changes impacting equipment access and agriculture financing in Italy. These factors could significantly influence the renting and leasing market dynamics.
