The sold production of agricultural and forestry machinery in Spain is forecasted to increase steadily from 2024 to 2028, with values rising from 752.66 million Euros in 2024 to 809.83 million Euros in 2028. In 2023, the actual value stood at 738.00 million Euros. The year-on-year variations indicate a stable growth trend: 1.9% from 2023 to 2024, 2.0% from 2024 to 2025, 1.9% from 2025 to 2026, and 1.8% from 2026 to 2027, reaching 1.7% from 2027 to 2028. The compound annual growth rate (CAGR) over the five-year period is projected to be 1.9%.
Future trends to watch for include the integration of advanced technologies such as AI and IoT in machinery, which may drive efficiency and productivity gains. Additionally, sustainability and environmental regulations could influence market demands and production practices significantly.
