Between 2013 and 2023, the sold production of harrows, scarifiers, cultivators, weeders, and hoes in Italy displayed substantial volatility. After reaching a high in 2013, volume dropped significantly by 26.78% in 2014 and showed fluctuating decreases and increases subsequently. The most notable growth occurred in 2020 with a 112.66% increase. However, overall, the industry saw an average annual decrease of 14.62% between 2013 and 2023. As of 2023, the sold production stood at 47.87 thousand items, displaying a year-on-year gain of 7.94% and a recent five-year CAGR of 2.51%.
Looking ahead, from 2024 to 2028, the forecasted data suggests a steady increase, with an annual growth rate of 4.81%, culminating in a 26.47% overall growth. Future trends to watch for include the impact of technological advancements in agricultural equipment, shifts towards precision agriculture, and policy changes promoting sustainable farming practices.
