In 2023, Germany led the European forestry and agricultural machinery market with a turnover of €29.66 million, followed by Italy and France. The Netherlands and Belgium showed strong growth, with year-on-year increases of 3.52% and 4.57%, respectively. Notable declines include Finland and Denmark, decreasing by 3.11% and 2.94%. Despite minimal economic contributions, countries like Lithuania and Cyprus experienced the highest growth rates, 8.83% and 2.77% respectively, indicating emerging market activity.
Future trends to watch:
- Increased digitalization and automation in machinery to enhance productivity and efficiency.
- Potential for growth in Eastern and Southern Europe as markets mature.
- Emphasis on environmental sustainability in machinery development.
- Greater competition and innovation driven by smaller but rapidly growing countries.
Top countries in Forestry and Agricultural Machinery Turnover Share by Country (Million Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 29.66 | 2023 | +2.27% | +1.44% | View data |
| 2 | 2 Italy | 17.48 | 2023 | +1.55% | +0.79% | View data |
| 3 | 3 France | 12.49 | 2023 | +1.37% | -1.26% | View data |
| 4 | 4 Netherlands | 5.54 | 2023 | +5.38% | +3.52% | View data |
| 5 | 5 United Kingdom | 5.47 | 2023 | +1.22% | +1.2% | View data |
| 6 | 6 Austria | 5.38 | 2023 | +2.87% | +2.22% | View data |
| 7 | 7 Belgium | 4.73 | 2023 | +3.41% | +4.57% | View data |
| 8 | 8 Poland | 3.87 | 2023 | +2.57% | +1.72% | View data |
| 9 | 9 Spain | 3.07 | 2023 | +1.29% | +0.26% | View data |
| 10 | 10 Sweden | 2.91 | 2023 | +1.11% | +1.53% | View data |
