Demand for new machinery throughout Europe is remaining very strong, with manufacturers’ order book lead times currently running at 6.1 months, the highest ever recorded within CEMA’s monthly survey.
Despite the positivity and order books at record levels, the association says that manufacturers continue to be faced with a dynamic order intake.
CEMA notes that with regard to expectations for the coming order intake, scepticism has spread among industry representatives, and there are now more pessimists than optimists for the first time since the end of 2020.
It says the greatest challenge for the industry at present is to realise the orders in the face of extreme component supply shortages and price increases.
After the supply bottlenecks seemed to have moderated slightly last month, once again more than half of the companies surveyed expect a production stoppage due to the lack of certain parts in the coming month.
The survey alludes that the situation is even more critical for tractor and combine manufacturers, with two out of every three saying they will be forced to temporarily stop production in the coming four weeks.
The survey alludes that the situation is even more critical for tractor and combine manufacturers, with two out of every three saying they will be forced to temporarily stop production in the coming four weeks.
Each month, CEMA (the association representing the European agricultural machinery industry) carries out a survey within the European agricultural machinery industry, with coverage of all major sectors, to look at the current and future business situation.
The association’s February report shows that 94% of participants are happy with current business, while 54% of participants expect their company turnover to grow in the next six months.
Demand for new machinery throughout Europe is remaining very strong, with manufacturers’ order book lead times currently running at 6.1 months, the highest ever recorded within CEMA’s monthly survey.
Despite the positivity and order books at record levels, the association says that manufacturers continue to be faced with a dynamic order intake.
CEMA notes that with regard to expectations for the coming order intake, scepticism has spread among industry representatives, and there are now more pessimists than optimists for the first time since the end of 2020.
It says the greatest challenge for the industry at present is to realise the orders in the face of extreme component supply shortages and price increases.
After the supply bottlenecks seemed to have moderated slightly last month, once again more than half of the companies surveyed expect a production stoppage due to the lack of certain parts in the coming month.
The survey alludes that the situation is even more critical for tractor and combine manufacturers, with two out of every three saying they will be forced to temporarily stop production in the coming four weeks.
The survey alludes that the situation is even more critical for tractor and combine manufacturers, with two out of every three saying they will be forced to temporarily stop production in the coming four weeks.
Each month, CEMA (the association representing the European agricultural machinery industry) carries out a survey within the European agricultural machinery industry, with coverage of all major sectors, to look at the current and future business situation.
The association’s February report shows that 94% of participants are happy with current business, while 54% of participants expect their company turnover to grow in the next six months.
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