Irish Agricultural New Tractor Registrations –  February 2024

Month:  231            Units +2% change (compared with February 2023)
Year to Date: 662     Units -7% change (compared with February 2023)

The latest FTMTA Statistics Service Report for February 2024 shows an increased level of activity in the farm machinery sector in Ireland with new tractor and telescopic loader registrations continuing in an upward trend. The numbers of imported used tractors and machines, registered for the first time in Ireland, reduced compared with the same month of February 2023.

Tractors
The February 2024 new tractor market at 231 units was 2% higher compared with the same month in 2023. There were 662 new tractors registered in the year-to-date, a 7% decline compared with the first two months of 2023.

County Cork continues to deliver the highest number of new tractor registrations at 101 units for the year-to-date, while Tipperary is ranked in second place with 67 units followed by Limerick at 38 units.

The most popular power band moves to the 161 to 200hp category, which for February 2024 accounted for 23.4% of all new tractor registrations. Tractors in the power band lower than 100hp now account for 6.04% of all new tractor registrations, slightly higher than for the same month in 2023. The over 200hp category now accounts for 12.83% of all new tractors, up from 7.72% of registrations for the first two months of 2023.

The FTMTA data shows that 225 imported used tractors were first-time registered in Ireland in February 2024, 70 units less than in February 2023. For the year to date, 427 used tractors were imported and registered for the first time, an 18.6% decline.

Telescopic Loaders
The Irish market for new telescopic loaders reported continued growth in February 2024 at 60 units. The latest FTMTA data shows new telescopic registrations increased in February 2024 by 13.2%  compared with February 2023 when 53 units were registered. The year-to date market shows a 13.2% increase in registrations. The two leading brands JCB and Manitou account for 67% of the total market, while Kramer has grown to a healthy 15% market share. There were 43 imported used telescopic loaders registered in February 2024.

Wheeled Loaders
The Irish wheeled loader market recorded a lower number of new registrations in February 2024 at 21 units, compared with February 2023, while the year-to-date market decreased by 9%. The market dominance of the smaller Chinese manufactured machines at the lower price and power end of the market for farmers remains strong and now accounts for over 57% of the new wheeled loader registrations in Ireland. There were just 3 imported used wheeled
loaders registered in February 2024.

Backhoe Loaders
The Irish backhoe loader market improved in February 2024 compared with February 2023 with 11 new machines, which converts to a 120% increase. There were 5 used backhoe loaders registered in February 2024 in Ireland.

New & Used Tractor Registrations by Month Ireland 2024 – FTMTA