The turnover in the French wholesale sector of agricultural machinery, equipment, and supplies is projected to grow steadily over the forecast period, starting from €15.08 billion in 2024 and reaching €15.51 billion by 2028. In 2023, the value stood at approximately €14.97 billion, suggesting a trend of modest annual growth.
Year-on-year percentage variations reflect incremental increases, with a Compound Annual Growth Rate (CAGR) of approximately 0.73% forecasted over the five-year period ending in 2028.
The following trends should be monitored:
- Technological advancements in agricultural machinery leading to potentially higher demand.
- Climate change impacts affecting the agricultural sector's machinery and supply needs.
- Government policies and subsidies for sustainable farming practices that may influence machinery turnover.