AEM Reports Optimism for Ag & Construction In 2022

While the U.S. and global economies have continued to grow, the pace has slowed over the second half of 2021. But in the construction and agriculture equipment industries, stronger-than-expected growth this year has many manufacturers feeling optimistic about 2022.

According to results from AEM’s fall member survey, more than 80% of AEM members anticipate rising demand for construction and agriculture equipment over the next year. Roughly 65% think demand for Ag equipment will be above normal, while 44% think demand for construction equipment will be above normal.

Manufacturers face some headwinds, though, including labor, supply chain issues and widespread inflation.

However, roughly 58% in the construction segment and 44% in the agriculture segment think the global economy will recover within the next year. Farmers have been taking advantage of their good financial position to invest in new equipment.

In 2022, AEM members feel that most key ag equipment categories will see growth similar to this year.

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