logoView Email OnlineOctober 26, 2021
Equipment Market Outlook
Lori Ditoro | Editor | OEM Off-Highway
Indicators in several markets show 2022 will be a year of slower growth compared to the previous year. Monthly rate-of-change in the U.S. and European industrial sectors are showing signs of slowing.
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Economic Outlook Mailing - US Leading IndicatorEconomic Outlook Mailing - Public New Construction
Economic Outlook Mailing - European Composite Leading IndicatorEconomic Outlook Mailing - Mining, Oil & Gas Field Machinery etc.
Truck production is being negatively impacted by the semiconductor shortage, which is causing other supply chain challenges as well.
Supply chain challenges continue to restrict truck availability, and are expected to continue well into 2022 which will impact work truck availability.
AEM reports tractor sales grew 2.5% in September 2021 while combine sales were up 34.6%; Canadian tractor sales rose 7.2% during the month.
PMA’s September report shows that only 26% of metalforming companies forecast an increase in economic activity in the next 3 months as challenges continue with raw materials and worker shortages.
Ongoing supply chain disruptions are making it difficult for truck OEMs to accurately predict build rates for the coming quarters, leading to a decline in orders.
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