Third Quarter 2021 Continues to Show Strong Market Demand

By Sara Jensen Manufacturers in the heavy equipment industry report positive third quarter results despite ongoing challenges with supply chains and material costs. Demand for heavy-duty on- and off-highway equipment remained strong throughout the third quarter of 2021. This also led to a high level of demand for components and systems used within the equipment. Construction, agriculture and heavy-duty trucking are among the strongest segments. Positive market conditions have helped fuel equipment demand. In agriculture, for instance, commodity prices have stayed at a good level for much of the year which has enabled farmers to invest in new equipment. The recently passed infrastructure bill has greatly aided positivity in the construction equipment industry. With it will come new construction projects and a need for equipment. READ FULL ARTICLE>>