Agricultural machinery: Italian production decreased in 2024

26.06.2025

The decline in exports and the negative trend of the domestic market are reflected in national production, which closed out 2024 with a total value of EUR 14 billion, a shortfall of 14.5% compared to the previous year. All types of vehicles are in decline, with higher percentages for tractors (-29%) and a more limited decline for operating machines and equipment (-9%). The only entry in the black (+0.6%) was that for gardening and green care machinery.

The decline in Italian exports of agricultural machinery (-15.1% compared to 2023), caused by the downturn in global demand and the decline in sales in the domestic market (which last year hit one of the lowest levels ever, with just 15,500 tractors registered), are negatively reflected in production data. This is the scenario outlined by Mariateresa Maschio, President of the Italian manufacturers' association (FederUnacoma), during the Federation's annual general Assembly, which was held this afternoon at Palazzo Albergati (Zona Predosa, Bologna). If we exclude the gardening and green care machinery sector, which shows a slight uptick (+0.6%) with a value of EUR 905 million - explained Mariateresa Maschio - all segments of the agricultural machinery sector are in the red. Tractor production fell 29% compared to 2023, coming in at EUR 1.9 billion, incomplete tractors dropped 17%, settling at EUR 1.2 billion, other agricultural machinery and equipment decreased 9%, for a total value of EUR 6.8 billion, and components was down 17.5% for a total of EUR 3.3 billion. Overall, in 2024, the value of national production for the entire sector totaled EUR 14 billion, or, 14.5% less than the previous twelve months. In the short term, production trends still appear to be influenced by the dynamics of international markets, with a recovery in Italian exports hoped for during the year, although a climate of uncertainty persists. Italian manufacturers are also hoping for a recovery in the domestic market. The balance of the first five months of 2025 (6,729 vehicles registered, substantially in line with the data referring to the same period last year) does not yet indicate a reversal of the trend, even if the two-month period April-May reported an increase of 9% which could foreshadow a possible recovery in sales. The five-month balance is positive for transporters (tractors with loading platforms) which increased by 42.1% with 334 units sold, while telescopic handlers (+0.5% with 409 units sold) and trailers (-2.7% and 3,181 vehicles) remained at the same levels as last year. Combine harvesters, on the other hand, saw a significant drop (-40%), even if in this case the loss refers to a limited number of vehicles (60 units registered between January and May).

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