The European farm machinery market is expected to return to growth again in 2017, CEMA (European Agricultural Machinery) reports.
Notwithstanding the positive mood in the industry, the overall European tractor market still decreased slightly during Q1 2017, even if only by a mere -1,3%. While Q1 2017 demand for tractors grew in Belgium (+4,9%), Denmark (+12,6%) Germany (+5,7%), Italy (+13,8%), Spain (+22,3%) and the UK (+26,4%) (compared to Q1/2016), demand declined in Austria (-10,3%), the Netherlands (-2,3%), and France (-25,9%).
As an overall trend, sales of smaller tractors below 50 hp and sales of larger tractors above 150 hp are increasing while demand for most power categories in between is weak. Demand for balers, mowers, sprayers, combine and forage harvests is also expected to decrease in 2017, according to the economic experts from CEMA’s national member associations.
