The number of enterprises in the wholesale of agricultural machinery, equipment, and supplies sector in Germany is projected to decline steadily from 2024 onwards. Starting from 864 enterprises in 2024, the figures are forecasted to drop to 747 in 2025, 631 in 2026, 516 in 2027, and 403 by 2028. This represents a significant year-on-year decrease, with a compounded annual growth rate indicative of a strong downward trend over the five years.
Future trends to watch for:
- Increasing consolidation as smaller enterprises might exit due to intense competition and technological advancements.
- Potential shifts towards digital solutions and efficiency improvement to remain competitive in a shrinking market.
- Government policies and subsidies could impact the pace of decline or introduce opportunities for growth.