Agricultural & Forestry Machinery Manufacturing in the UK - Industry Market Research Report

Green growth: Green, tech-driven solutions present growth opportunities for manufacturers

The Agricultural and Forestry Machinery Manufacturing industry produces equipment like tractors, harvesting machinery, agricultural trailers, lawnmowers and other gardening equipment. During 2020-21, COVID-19 disruptions negatively impacted the industry's complex supply chains and vital downstream markets, which limited manufacturing capacity and lowered order volumes. However, after these disruptions dissipated in 2021-22, downstream agricultural income surged, dragging up industry revenue by 34%. In 2023-24, industry revenue is expected to drop by 9.6% because of weak real household disposable income and lower capital spending in crucial downstream markets. This industry manufactures equipment used by the agricultural and forestry sectors, including various tractors and machinery types. Manufacturing lawnmowers, agricultural trailers, soil preparation, planting and fertilising machinery, milking machines and harvesting machinery are all industry-related. The manufacture of non-power-driven agricultural hand tools, conveyors for farm use and cream separators are not part of this industry. This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.