The Agricultural and Forestry Machinery Manufacturing Market in France demonstrated fluctuations over the past decade, marked by significant annual variations. The current market size in 2023 stands at 9.05 million. Highlighting the recent trends, the market had a marginal year-on-year increase of 0.41% in 2023, following a similar modest rise of 0.42% in 2022. The cumulative average growth rate (CAGR) for the last five years, including 2023, is -0.29%, indicating a slight overall contraction.
Key future trends to watch for in this market include advancements in automation and smart technology integration, government policies regarding sustainable farming practices, and fluctuations in global commodity prices. The forecast shows a stable but gradual growth with an anticipated 0.33% CAGR over the next five years, suggesting a steady yet conservative expansion.
