Registration data for the first nine months of the year show declines for all vehicle types in Italy’s agricultural machinery market.
September 2024 Data
Italy’s agricultural machinery market was already in decline at the end of September. The balance of the first nine months of the year indicates declines for all types of vehicles, with percentages that show no improvement compared to the first half of the year.
Tractor registrations—compiled by FederUnacoma based on records provided by the Ministry of Transport—show a 15.6% (11,851 units registered) drop in tractors compared to the same period last year, a 31.9% drop in combine harvesters (246 units registered), and an 18.7% decrease in tractors with loading platforms (405 units). Telescopic handlers are down 18% (751 units registered) while the decrease is slightly less for trailers, which show a -2.8% drop with 6,034 units.
Prices Increase
The Federation of Manufacturers once again points out how the decline in sales is linked to the increase in list prices, difficulties in accessing credit and low agricultural incomes. Also holding back the market is the slowdown in providing new incentives (PNRR, Innovation Fund, Decree 5.0), which we hope will soon be fully operational.
The news of imminent incentives – the Federation reminds us – always produces a slowdown in purchases, as entrepreneurs suspend investments while waiting for more favourable conditions. In light of this, the news of new incentives must be followed by a rapid fine-tuning of the fund allocation systems, precisely to avoid distorting effects on the normal trend of the market.
