Agricultural machines: global sales boom

Sales of agricultural machinery, equipment and components are growing at an unprecedented rate in all the main markets. Data on tractor registrations indicate consistent growth in the United States, which registered almost 246 thousand units, an increase of 12% over the same period last year. India registered 680 thousand units in the first nine months of this year, up 25%. Positive trends characterised the European markets. In Germany, cumulative sales in September since the beginning of the year stood at approximately 25,700 units, up 6.8% compared to last year, and the market is also growing consistently in Great Britain and Spain, where sales in the first nine months of the year reached 11,247 and 8,245 units respectively, with increases of 20% and 13%. Among EU countries, Italy stands out, with a growth rate of 44% (18,510 units registered), significantly higher than the continental average. One of the most dynamic markets is Turkey, which in September recorded increases of 49% with more than 39 thousand machines. For other important markets, Agrievolution data indicated significant increases in the first half of the year, such as the case of the Russian Federation, which in the middle of the year recorded a growth of 24.4% (over 17,400 machines), or that of Japan, which grew by 35.7% in the first half of the year to the tune of over 10,700 units. Increase in world GDP expected, good performance of agriculture , the growth in the demand for food due to an increasing world population are the main factors fostering the record growth in the tractor market.