Information on the mechanization of agriculture, gardening, components and multifunctionality.
Agricultural machinery industry

CEMA: market at record levels challenged by price increase

05.07.2021

The general business climate for the agricultural machinery industry in Europe may have reached its peak at the record levels. While order volumes are at record levels, the industry is challenged by extreme price increases and shortages on the supplier side. According to the Business Barometer, the periodical suvery carried out by the European Agricultural Machinery Association, 77% of the companies in the sector forecasts a further growth in their business. As a consegquence non of them has planned any reduction in their regular workforce. However, the soaring prices of ferrous materials and plastics used in the manufacture of machinery threaten the industry by reducing economic margins.

THE MOST READ of the latest edition