Agriculture Equipment Orders Remain Above Year-Ago Levels

Agricultural equipment sales in North America and Europe continue to grow above 2020, aided by strong market demand and positive crop prices.

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Although annual U.S. Farm Machinery and Equipment Shipments were down slightly in August 2021, they remained 12.9% above the previous year. Production of agricultural and forestry machinery in Europe was also up in August 14.7% from 1 year ago.

Most other sectors, including construction equipment and heady-duty truck production continue to also fair well, although supply chain challenges are having their impacts. Construction is still likely to move into a slowing growth trend in the coming quarters.

READ MORE: Off-Highway Equipment Markets Have Rebounded in 2021


View the corresponding Equipment Market Outlook charts for more data

NOTE: All data for charts supplied by ITR Economics

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