The Heavy Duty Trailers market has started the year 2024 with a record-breaking January, boasting 7,075 registrations of trailers and semi-trailers. This achievement reflects an impressive 8% surge compared to January 2023.
The exceptional performance of road implements at the outset of the year is predominantly attributed to the agribusiness sector.
Source: Automotive Business Read The Article
PSR Analysis. Notably, the initial months of the year coincide with critical harvest periods for key agribusiness commodities such as soybeans, corn, and sugarcane. Consequently, categories experiencing the most substantial growth in year-on-year comparisons include sugarcane farmers, with an increase of nearly 470%, and bulk carriers, which witnessed a notable uptick of 53%. Optimism pervades the road equipment segment for all of 2024, propelled by favorable forecasts for the industry’s trajectory. PSR
Fabio Ferraresi is Director Business Development South America for Power Systems Research
