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The machinery market volume decreased by 19%

10-06-2010 08:17:44

The VDMA Agricultural Machinery Association estimates that the agricultural machinery sector achieved a turnover of €57.5 billion worldwide in 2009. In its economic report this year, the Association anticipates that overall the turnover in 2010 will continue to decline slightly.

- Over the past few months, economic disparities have intensified further. While market growth has been recorded in some regions – such as Brazil and the USA – the overall investment mood in Western Europe remains subdued,” explained Dr. Bernd Scherer, managing director of the VDMA Agricultural Machinery Association.

In 2009, in the European Union the agricultural machinery market volume decreased by 19% to €20.9 billion. For the present year, in the EU slowing of the downturn to minus eight percent is expected, yielding a turnover of €19.3 billion. While clear improvement can be felt in some Central European markets, the demand for new machinery in France and Spain remains subdued.

However, it can be seen that manufacturers of agricultural machinery and tractors are already anticipating the next upswing. Even in the crisis year of 2009, companies were able to maintain their permanent staff in Germany at the high level of the previous year. New production facilities are now being opened in Germany and, above all, in the growth markets. Currently large international groups and Western European medium-sized companies are intensifying investment in Russia and India, so as to be able to utilise the enormous potentials of these regions efficiently in the medium and long term.


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