The Government of Italy's schemes and initiatives to facilitate credit and improve agriculture-related operations are the major drivers contributing to the growth of the overall value chain in the Italy agricultural sector. In 2021, the gross value added of agriculture, forestry, and fishery recorded a 3.9% growth at current prices but a sharp decline of -4.4% in terms of volume, due to the collapse of wine production (-14%) and fruit (-6.1%), in the context of a significant increase in sales price. The agricultural Tractor Market in Italy grew by 35.9% in 2021 compared to 2020. Consequently, 2022 is expected to witness a healthy increment of 4.5% in real GDP growth. The growth rate is expected to sustain in 2023, supported by the rising employment rate and a monetary policy stance that will continue to support domestic demand. The Italian economy achieved excellent growth in 2021. The top three biggest agricultural tractor markets in Europe - Germany, France, and Italy, account for almost four agricultural tractors out of 10 registered in Europe. Italy is Europe's third-largest tractor market. DUBLIN-( BUSINESS WIRE)-The "Italy Tractor Market - Industry Analysis & Forecast 2022-2028" report has been added to 's offering.
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