logoView Email OnlineFebruary 24, 2022
Equipment Market Outlook
Marina Mayer | Content Director | OEM Off-Highway
Even as leading indicators decline, some metrics point to economic improvements.
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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.
Tractor production in North America and around the world ended 2021 on a positive note.
Agricultural equipment production ended 2021 above the previous year's levels in North America and around the world, and is forecast to increase in 2022 as well.
North American Class 8 truck orders declined 8% month-over-month and 50% year-over-year, but remained in line with averages over the past 4 months.
SMMT reports the surge in home deliveries benefited commercial vehicle production while supply chain issues continued to plague the engine industry.
PMA's January 2022 Business Conditions Report shows 43% of companies expect an improvement in orders in the next 3 months.
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