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Year 2024 Number 1


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Tractors: the global market is slowing down, yet the trend remains positive

In 2023, growth in the agri-mechanical market slowed, with double-digit declines in some countries. Geopolitical tensions, inflation and rising interest rates are the factors that have affected the sector
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Agricultural machinery, the economy and geopolitics are holding back the market

Tractor sales fell over the past twelve months to 17,613 units (-12.9%). It is mainly the medium power ranges that are losing ground. Minus signs also for telescopic handlers (-3.4%) and trailers (-8.1%). Against this trend were combine harvesters (+10.2%) and tractors with loading platforms (+15.9%). The downturn is due to economic and geopolitical factors. FederUnacoma: demand for tractors is worth over 70,000 units, but is largely met by obsolete second-hand vehicles

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