UK Agricultural Machinery Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 6.10 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
UK Agricultural Machinery Market Analysis
The United Kingdom's agricultural machinery market is projected to record a CAGR of 6.1% during the forecast period.
- An increase in farm labor costs, favorable government policies supporting the purchase of agricultural machinery, and technological development are some factors driving the market growth for agricultural machinery in the country. Moreover, the latest farm technologies are enhancing farm operations and helping cut costs. Thus, the agricultural machinery market is expected to boost over the forecast period.
- The rising population in the United Kingdom is also driving the need for the mechanization of agriculture, and in turn, the demand for agricultural machinery is also rising. Hence, companies are bringing innovative products and new technologies to the market.
- For instance, by April 2023, Kubota Corporation will launch electric compact tractors across Europe, including the United Kingdom. The company will be the first Japanese manufacturer to release electric tractors in the country. Therefore, increasing product innovation by the major players is driving the growth of the tractor segment during the forecast period.
UK Agricultural Machinery Market Trends
This section covers the major market trends shaping the UK Agricultural Machinery Market according to our research experts:
Rising Farm Labor Costs
- There has been a structural shift in the occupational choice among rural workers, particularly rural agricultural workers, with changes in their occupational choices ranging from agriculture to non-agricultural sectors.
- In addition, agriculture in the United Kingdom has traditionally been a labor-intensive sector characterized by a higher number of seasonal immigrant workers working on farm fields in the member states. However, an acute shortage of farm labor has surfaced in the country's farm fields.
- This was reflected in the total percentage of employment in agriculture falling drastically from 1.16% in 2018 to 1.05% in 2020, as reported in the World Bank database. According to numbers published by the UK government, In 2021, the workforce in the agriculture sector was approximately 429 thousand people, which decreased from 432 thousand people in 2017.
- The labor storage has also triggered the rise in food prices to cover soaring wages for farmworkers. Thus, the shortage of farm labor is leading to a rise in wage rates, allowing the farmers to adopt farm mechanization in the region. The farm labor crunch witnessed in the United Kingdom following the Brexit policy has further raised the wage rate in the country.
Tractors Dominates the Market
- The United Kingdom's agricultural sector has witnessed an increase in its integration with technology over the past few years to support sustainable agricultural practices in the country. The UK government is focusing on increasing farm mechanization to produce more with less environmental impact.
- Tractors, essential agricultural machinery, have witnessed a huge growth potential in the UK market. Farmers in this region are increasingly keen on purchasing high-end tractors to work on larger fields as part of their effort to improve crop yields and boost farm efficiencies.
- The number of agricultural tractors registered in the UK in October 2022 was up compared with the same month last year, at 926 machines. That is the fastest year-on-year rise since August 2021, by 25.3%.
- John Deere, AGCO Corporation, and CNH Industrial NV are some of the major tractor manufacturers in the country. These players have an extensive distribution network and a wide range of tractor machinery, giving them a competitive edge over other regional players.
UK Agricultural Machinery Industry Overview
The UK agricultural machinery market is consolidated, with the major players occupying the major share of the market. CLAAS KGaA mbH, Deere & Company, CNH Industrial NV, and Kubota Corporation are some major players operating in this market. These players are investing heavily in R&D activities and are launching agricultural machinery that caters to the needs of the farmers in this region.
UK Agricultural Machinery Market Leaders
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CLAAS KGaA mbH
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Deere & Company
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CNH Industrial NV
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Kubota Corporation
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AGCO Corporation
*Disclaimer: Major Players sorted in no particular order
UK Agricultural Machinery Market News
- January 2023: New Holland revealed a prototype T7 Methane Power tractor that runs on a liquified gas version to give longer working times to fill. The new tractor has four times the fuel storage of the firm's existing methane-powered T6, which utilizes compressed gas (CNG).
- October 2021: New Holland United Kingdom introduced a new cultivator model, the SRC SmartSteerTM, with a camera self-steering system. This new introduction complements the existing range of 4 to 18-row mechanically guided models, meeting the needs of large farms and contractors who value work output and comfort of use.
- April 2021: Kuhn UK launched a triple gang mower conditioner with fully integrated swath grouping units capable of delivering the machine's 9.3-meter cut into one swath in a single pass. Compared to earlier models, the new grouper attachment has been designed with a new frame and supports arm configuration to make the overall unit more compact and stable.
UK Agricultural Machinery Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions and Market Definition
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
- 4.1 Market Overview
- 4.2 Market Drivers
- 4.3 Market Restraints
-
4.4 Porter's Five Forces Analysis
- 4.4.1 Bargaining Power of Suppliers
- 4.4.2 Bargaining Power of Buyers
- 4.4.3 Threat of New Entrants
- 4.4.4 Threat of Substitute Products
- 4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
-
5.1 Type
- 5.1.1 Tractors
- 5.1.1.1 Less than 50 HP
- 5.1.1.2 50 to 100 HP
- 5.1.1.3 100 to 150 HP
- 5.1.1.4 Above 150 HP
- 5.1.2 Equipment
- 5.1.2.1 Plows
- 5.1.2.2 Harrows
- 5.1.2.3 Cultivators and Tillers
- 5.1.2.4 Other Equipment
- 5.1.3 Irrigation Machinery
- 5.1.3.1 Sprinkler Irrigation
- 5.1.3.2 Drip Irrigation
- 5.1.3.3 Other Irrigation Machinery
- 5.1.4 Harvesting Machinery
- 5.1.4.1 Combine Harvesters
- 5.1.4.2 Forage Harvesters
- 5.1.4.3 Other Harvesting Machinery
- 5.1.5 Haying and Forage Machinery
- 5.1.5.1 Mowers and Conditioners
- 5.1.5.2 Balers
- 5.1.5.3 Other Haying and Forage Machinery
6. COMPETITIVE LANDSCAPE
- 6.1 Most Adopted Strategies
- 6.2 Market Share Analysis
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6.3 Company Profiles
- 6.3.1 CLAAS KGaA GmbH
- 6.3.2 Deere & Company
- 6.3.3 CNH Industrial NV
- 6.3.4 Kubota Corporation
- 6.3.5 AGCO Corporation
- 6.3.6 Kuhn Group
- 6.3.7 Same Deutz-Fahr
- 6.3.8 J C Bamford Excavators Ltd
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
** Subject To AvailablityUK Agricultural Machinery Industry Segmentation
Agricultural machinery is the mechanical structures and devices used in farming or other agriculture. For the purpose of this report, the machinery used in agricultural operations has been considered. The report does not cover machinery used for industrial and construction purposes or multi-purpose tractors, machinery, and equipment used for both agricultural and non-agricultural operations.
The United Kingdom agricultural machinery market is segmented by type (tractors, equipment, irrigation machinery, harvesting machinery, and haying and forage machinery).
The report offers market size and forecast in terms of value in USD million for the above-mentioned segments.
| Type | Tractors | Less than 50 HP |
| 50 to 100 HP | ||
| 100 to 150 HP | ||
| Above 150 HP | ||
| Type | Equipment | Plows |
| Harrows | ||
| Cultivators and Tillers | ||
| Other Equipment | ||
| Type | Irrigation Machinery | Sprinkler Irrigation |
| Drip Irrigation | ||
| Other Irrigation Machinery | ||
| Type | Harvesting Machinery | Combine Harvesters |
| Forage Harvesters | ||
| Other Harvesting Machinery | ||
| Type | Haying and Forage Machinery | Mowers and Conditioners |
| Balers | ||
| Other Haying and Forage Machinery |
UK Agricultural Machinery Market Research FAQs
What is the current United Kingdom Agricultural Machinery Market size?
The United Kingdom Agricultural Machinery Market is projected to register a CAGR of 6.10% during the forecast period (2024-2029)
Who are the key players in United Kingdom Agricultural Machinery Market?
CLAAS KGaA mbH, Deere & Company, CNH Industrial NV, Kubota Corporation and AGCO Corporation are the major companies operating in the United Kingdom Agricultural Machinery Market.
What years does this United Kingdom Agricultural Machinery Market cover?
The report covers the United Kingdom Agricultural Machinery Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the United Kingdom Agricultural Machinery Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
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