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Results for tractor registration
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20% fewer tractors registered in the UK
Just 762 new tractors (50hp+)were registered in the UK in the first two months of this year, reports the AEA. This figure is down 20% on the same January and February in 2024.
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UK tractor market lowest in 26 years
Just 10,241 new tractors were registered in the UK last year. Down 13% on the numbers in 2023, last year’s figure was the lowest in any year since 1998.
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Fewer new tractors in major markets
Rising machine prices, higher interest rates and the uncertain future have slowed the tractor markets across much of the world, but the forecast for the next few years remains positive.
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Average UK tractor power tops 180hp
Average power of the 5,882 new 50hp+ tractors registered in the UK in first six months of this year was 180.7hp. This is the first time the figure has exceeded 180hp.
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Global tractor market down 8.0%
Some 8.0% fewer new tractors were sold globally last year. The total market was around 2.2 million units.
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Negative trend for US tractor market
42,824 new tractors were registered in North America from January to March this year. This number is down 13% on the same three months in 2022.
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More new Fendt tractors in Europe
Quoting precise figures is difficult because some countries include compacts, but around 15,500 new Fendt tractors were registered in Europe last year. This number is around 3.0% higher than in 2022.
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John Deere tops French tractor market
John Deere headed new tractor registrations in a dozen European markets last year, including the main one of France.
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France leads European tractor market
France strengthened its position as Europe’s largest tractor market accounting for 35,665 (+2.3%) of the approx. 140,000 new tractors registered last year.
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Italian tractor market tumbles 25%
The 3,812 new tractors registered in Italy in the first three months of this year is a quarter lower on the 5,083 units recorded from January to March in 2023.
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40% more 240hp+ tractors registered in the UK
The number of tractors over 241hp registered in the UK in the first three months of this year increased by nearly 40%, compared with the first quarter of 2023.