According to new data reported by FederUnacoma, registrations for agricultural equipment increased in Italy during the first quarter of 2021. Per FederUnacoma's press release announcing the first quarter results, there were significant increases for all types of agricultural equipment.
Tractors grew 57.7% compared to the first quarter of 2020 with around 6,000 units registered January through March 2021. FederUnacoma says tractors with loading platforms increased by 21.5%, trailers were up 37.4% and telehandler registrations increased 86.3%. Combine harvesters grew as well, 180%, though the association notes it was still a low number of machines which were registered during the quarter (56 units).
First quarter 2020 was negatively impacted by the coronavirus pandemic, and market recovery since then aided the market in 2021. FederUnacoma notes tax incentives put in place by the Italian government, particularly for newer more advanced technologies, have also played a large part in the market's recovery.
"The surge in sales demonstrates what we have always claimed, that there is a potentially high demand for new-generation technology in our country, a demand that has remained unexpressed in the absence of an effective incentive system," commented FederUnacoma President Alessandro Malavolti, in the association's press release. "Unfortunately, according to the information available to us, the RDP tool is still little used.
“We hope it can be simplified and made increasingly accessible to farms, because it is a support that is structural and therefore long-term, just as the incentives of the National Recovery and Resilience Plan should be, where agricultural machinery is a fundamental tool for the ecological and digital transition.
"Examining registration data by power class, we note a very significant growth in the quarter for tractors over 130 kW, with an increase of 81.5%, much higher than the increases recorded in the lower power segments. In all likelihood, this is due to purchases by contractors, who are focusing on higher power ratings and have been able to benefit from the current tax incentives the same way farms have," concluded Malavolti.