The turnover of forestry and agricultural machinery in Germany has shown a fluctuating trend over the past decade. Starting from 13.34 billion Euros in 2013, the market saw dips and rises, reaching 16.71 billion Euros in 2023. Notably, the year 2018 marked an 18.93% increase, the highest year-on-year growth in recent years. Conversely, 2015 experienced a significant decline of 5.17%. The average growth rate (CAGR) over the last five years stands at 1.44%, while the year-on-year variation for 2022 and 2023 are 2.34% and 2.27%, respectively.
Looking forward to the next five years, the forecast anticipates a steady growth, with turnover expected to reach 18.51 billion Euros in 2028, reflecting a 1.62% CAGR and an overall growth rate of 8.38% from 2023 to 2028.
Future trends to watch for include:
- Increasing automation and digitalization within the agricultural sector.
- Emerging technologies such as precision farming and autonomous machinery.
- Sustainability efforts and the shift towards eco-friendly machinery solutions.
