SOUTH AMERICA REPORT
According to Abimaq, the total machine segment, that includes Construction Equipment, Agricultural Equipment, Power Gen-Sets, Industrial Equipment and others, grew 20% in 2021 and should grow more than 4% in 2022. When breaking down by subsegment, ABIMAQ see the segments impacted by infrastructure growing around 15% and the segments impacted by Agriculture growing pushed by the harvest growth.
Source: M&T / Abimaq Read The Article
PSR Analysis: The just released projections are in line with the fourth quarter projections we did for 2022. Our Agricultural Equipment forecast is more conservative than that released by ABIMAQ due to risk factors we see impacting this segment. Indeed, we are already seeing negative news at the harvest due to weather conditions as we are reporting in this PowerTALK Edition. PSR
Fabio Ferraresi is Director Business Development South America, for Power Systems Research
