Job shops serving the North American agricultural machinery sectors have good reason to rejoice after the release of the latest sales figures.
Overall ag tractor sales in the U.S. and Canada continued rising into January 2022, although combine harvesters slowed for the month according to the latest data from the Association of Equipment Manufacturers (AEM).
In Canada, sales of tractors for the month of January were up 6.3 percent overall, led by 100+ horsepower units growing 26 percent, and articulated 4WD units growing 16.7 percent. Combine harvesters were down, falling 30 percent to 49 units sold.
U.S. total farm tractor sales gained 1.5 percent for the month of January compared to 2021, while U.S. self-propelled combine sales for the month fell 41.4 percent to 205 units sold. The 100+ horsepower 2WD segment led all segments with a 10.8 percent gain, followed by the sub-40 horsepower 2WD segment up 2 percent. Mid-range tractors between 40 and 100 horsepower fell 2.8 percent while articulated 4WD tractors inched down 0.4 percent.
“The sales trend we’re seeing started in June of 2020 and has reliably remained above the 5-year average since then,” said Curt Blades, senior vice president, industry sectors & product leadership at the Association of Equipment Manufacturers. “The strength of ag markets and farmers seeing the value in the new technologies on offer is driving demand. At the same time, the lingering effects of the supply chain remain a concern.”
The full reports can be found in the Market Data section of the AEM website under Ag Tractor and Combine Reports.
AEM is the North America-based international trade group representing off-road equipment manufacturers and suppliers with more than 1,000 companies and more than 200 product lines in the agriculture and construction-related industry sectors worldwide. The equipment manufacturing industry in the United States supports 2.8 million jobs and contributes roughly $288 billion to the economy every year.