According to the FTMTA (Farm Tractor and Machinery Trade Association), the Irish market for new telescopic loaders remained “reasonably strong” in October 2022 at 45 units.
The latest FTMTA released shows new telescopic registrations rose in October 2022 by 66% compared with October 2021.
According to the body, the overall year-to-date trend shows an increase of 22% to 517 units in 2022.
The two leading brands account for almost 60% of the total market.
Furthermore, there were 42 imported used telescopic loaders registered in October 2022.
The Irish backhoe loader market remained at 4 new registration units in October 2022.
The year-to-date market has fallen, with just 61 new units registered so far in 2022. According to the body, this is down 15% compared with the same ten months of 2021.
There were 7 used backhoe loaders registered in October 2022 in Ireland.
The Irish wheeled loader market recorded a higher number of new registrations in October 2022 at 15 units, compared with October 2021, while the year-to-date market increased by 7.56%.
A spokesperson for the body commented:
“The market dominance of Chinese manufactured machines at the lower price and power end of the market for farmers remains strong for the year to date to the end of October 2022 and now accounts for 57% of the new wheeled loader registrations in Ireland.”
There were 2 imported used wheeled loaders registered in October 2022.
Demand “remains strong” for new tractors on the Irish market, according to the FTMTA (Farm Tractor and Machinery Trade Association).
The body made the remark as it issued its statistics service report for October 2022, which shows the continuing impact of disruptions to global supply chains on the number of agricultural tractors being registered in Ireland.
Read more on this news article.