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United Kingdom Agricultural Machinery Market Size (2024 - 2029)

The agricultural machinery market in the United Kingdom is experiencing growth driven by factors such as rising farm labor costs, supportive government policies, and technological advancements. These elements are contributing to the expansion of the market size, as the mechanization of agriculture becomes increasingly necessary due to the growing population. The introduction of innovative products and technologies by companies is further propelling the market, particularly in the tractor segment, as seen with the launch of electric compact tractors.

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Market Size of United Kingdom Agricultural Machinery Industry

United Kingdom Agricultural Machinery Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
Market Size (2024) USD 2.69 Billion
Market Size (2029) USD 3.47 Billion
CAGR (2024 - 2029) 5.20 %
Market Concentration High

Major Players

United Kingdom Agricultural Machinery Market Major Players

*Disclaimer: Major Players sorted in no particular order

Uk Agricultural Machinery Market Analysis

The United Kingdom Agricultural Machinery Market size is estimated at USD 2.69 billion in 2024, and is expected to reach USD 3.47 billion by 2029, growing at a CAGR of 5.20% during the forecast period (2024-2029).

  • The country's agricultural fields have faced a labor shortage in recent years. According to the World Bank database, employment in agriculture dropped from 1.03% in 2021 to 1.0% in 2022. Consequently, rising labor costs have pushed farmers to increase food prices. Factors such as rising farm labor costs, government policies favoring agricultural machinery purchases, and technological advancements are propelling the growth of the farm machinery market.
  • Moreover, as the population in the United Kingdom continues to grow, there is an increasing push toward agricultural mechanization. This shift is directly fueling a heightened demand for agricultural machinery. In response, companies are actively introducing innovative products and cutting-edge technologies to the market. Cutting-edge farm technologies also streamline operations and reduce expenses. As a result, the agricultural machinery market is poised for significant growth during the forecast period.
  • Key players in the industry, such as CLAAS KGaA mbH, Deere & Company, CNH Industrial NV, AGCO Corporation, and Kubota Corporation, are launching new types of machinery and offering new technologies to bring more efficiency and ease to agricultural operations in the region. For instance, in 2022, John Deere & Co. introduced a new operator-less tractor for tilling the field, addressing the challenge of labor shortages in the region.

Uk Agricultural Machinery Industry Segmentation

Agricultural machinery encompasses the mechanical devices and structures employed in farming and related activities. The UK agricultural machinery market is segmented into tractors, equipment, irrigation machinery, harvesting machinery, haying and forage machinery, and other machinery types. The report offers market size and forecast in terms of value in USD for the abovementioned segments.

Type
Equipment
Plows
Harrows
Cultivators and Tillers
Other Equipment
Irrigation Machinery
Sprinkler Irrigation
Drip Irrigation
Other Irrigation Machinery
Harvesting Machinery
Combine Harvesters
Forage Harvesters
Other Harvesting Machinery
Haying and Forage Machinery
Mowers and Conditioners
Balers
Other Haying and Forage Machinery
Other Machinery Types
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United Kingdom Agricultural Machinery Market Size Summary

The agricultural machinery market in the United Kingdom is experiencing significant growth, driven by factors such as rising farm labor costs, supportive government policies, and advancements in technology. These elements are facilitating the mechanization of agriculture, which is becoming increasingly necessary due to the growing population and the subsequent demand for efficient farming practices. Companies are responding to this demand by introducing innovative products and technologies, such as electric compact tractors, which are expected to enhance farm operations and reduce costs. The market is characterized by a consolidation of major players like CLAAS KGaA mbH, Deere & Company, CNH Industrial NV, and Kubota Corporation, who are investing in research and development to meet the evolving needs of farmers.

The UK agricultural sector has seen a shift towards greater integration with technology, aiming to support sustainable practices and increase productivity with minimal environmental impact. The shortage of farm labor, exacerbated by Brexit, has led to higher wage rates, prompting farmers to adopt mechanization solutions. This trend is evident in the growing interest in high-end tractors, which are essential for improving crop yields and farm efficiencies. The market's competitive landscape is dominated by major manufacturers with extensive distribution networks, enabling them to maintain a significant share. Recent product launches, such as methane-powered tractors and advanced cultivator models, highlight the ongoing innovation and adaptation within the industry to meet the demands of modern agriculture.

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United Kingdom Agricultural Machinery Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Overview

    2. 1.2 Market Drivers

    3. 1.3 Market Restraints

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Bargaining Power of Suppliers

      2. 1.4.2 Bargaining Power of Buyers

      3. 1.4.3 Threat of New Entrants

      4. 1.4.4 Threat of Substitute Products

      5. 1.4.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION

    1. 2.1 Type

      1. 2.1.1 Equipment

        1. 2.1.1.1 Plows

        2. 2.1.1.2 Harrows

        3. 2.1.1.3 Cultivators and Tillers

        4. 2.1.1.4 Other Equipment

      2. 2.1.2 Irrigation Machinery

        1. 2.1.2.1 Sprinkler Irrigation

        2. 2.1.2.2 Drip Irrigation

        3. 2.1.2.3 Other Irrigation Machinery

      3. 2.1.3 Harvesting Machinery

        1. 2.1.3.1 Combine Harvesters

        2. 2.1.3.2 Forage Harvesters

        3. 2.1.3.3 Other Harvesting Machinery

      4. 2.1.4 Haying and Forage Machinery

        1. 2.1.4.1 Mowers and Conditioners

        2. 2.1.4.2 Balers

        3. 2.1.4.3 Other Haying and Forage Machinery

      5. 2.1.5 Other Machinery Types

United Kingdom Agricultural Machinery Market Size FAQs

The United Kingdom Agricultural Machinery Market size is expected to reach USD 2.69 billion in 2024 and grow at a CAGR of 5.20% to reach USD 3.47 billion by 2029.

In 2024, the United Kingdom Agricultural Machinery Market size is expected to reach USD 2.69 billion.

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