UK Agricultural Machinery Market Growth, Size, Trends, Demand, Revenue and Future Outlook
United Kingdom Agricultural Machinery Market Size- By Type- Regional Outlook, Competitive Strategies and Segment Forecast to 2033
| Published: Jan-2024 | Report ID: MACH2405 | Pages: 1 - 107 | Formats*: |
| Category : Equipment and Machinery | |||
United Kingdom Agricultural Machinery Market Introduction and Overview
According to SPER Market Research, the United Kingdom Agricultural Machinery Market is estimated to reach USD XX Billion by 2033 with a CAGR of 6.3%.
The report includes an in-depth analysis of the United Kingdom Agricultural Machinery Market, including market size and trends, product mix, applications, and supplier analysis. The term "agricultural machinery" describes the many kinds of tools and apparatuses used in farming. These devices are made to handle livestock and do operations like planting, harvesting, and irrigation automatically. They have a major impact on raising the productivity and efficiency of agricultural endeavours.
- January 2023: A prototype T7 Methane Power tractor from New Holland was unveiled; it uses liquified gas to operate longer to fill. Compared to the company's current methane-powered T6, which runs on compressed gas (CNG), the new tractor has four times the fuel capacity.
- April 2021: A triple gang mower conditioner with fully integrated swath grouping components was introduced by Kuhn UK. This mower can cut a 9.3-meter swath in a single pass. In order to make the entire unit more compact and stable, the new grouper attachment has been built with a redesigned frame and supporting arm layout in comparison to previous models.
Market Opportunities and Challenges
Some of the factors propelling the expansion of the agricultural machinery market in the nation are rising farm labour prices, government regulations that encourage the acquisition of agricultural gear, and technical advancements. Modern farm technology are also improving farm operations and assisting in cost reduction. The market for agricultural machinery is therefore anticipated to grow during the projected period. The need for agriculture to become more mechanised is being driven by the United Kingdom's growing population, which is simultaneously pushing up demand for agricultural technology. As a result, businesses are releasing cutting-edge goods and cutting-edge technologies. For example, Kubota Corporation plans to introduce electric compact tractors in the UK and other parts of Europe by April 2023. The business is going to be the first in Japan to introduce electric tractors to the market. Thus, during the projection period, the tractor segment is expected to rise at a rate driven by the leading players' increased innovation in their products.
However, issues including the high initial costs of contemporary machinery, the effect on farmers' livelihoods, and the unpredictability of trade deals after Brexit provide barriers to market expansion. The path of the market is also affected by changes in the price of commodities and the changing regulatory environment. In the agricultural machinery industry in the United Kingdom, manufacturing companies and farmers alike continue to find it crucial to strike a balance between technological innovation, cost concerns, and uncertainty management.
Market Competitive Landscape
The agricultural machinery market in the United Kingdom is competitive, with a number of major competitors vying for market dominance through innovation. A firm grasp of the competitive environment is essential for companies looking to make a big impact. The major key players in the United Kingdom Agricultural Machinery Market are: AGCO Corporation, CNH Industrial NV, CLAAS KGaA GmbH, Deere & Company, J C Bamford Excavators Ltd, Kubota Corporation, Kuhn Group, Same Deutz-Fahr, Others. In order to meet the demands of the farmers in this area, these players are launching agricultural machinery and making significant investments in R&D.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2033 |
| Base year considered | 2022 |
| Forecast period | 2023-2033 |
| Segments covered | By Type |
| Regions covered | Central Region, East Region, North Region, South Region, West Region |
| Companies Covered | AGCO Corporation, CNH Industrial NV, CLAAS KGaA GmbH, Deere & Company, J C Bamford Excavators Ltd, Kubota Corporation, Kuhn Group, Same Deutz-Fahr, Others |
COVID-19 Impact on United Kingdom Agricultural Machinery Market
The agricultural machinery market in the United Kingdom was greatly affected by the COVID-19 outbreak. A downturn in the industry was caused by supply chain disruptions, manufacturing delays, and unpredictability in the economy. Farmers had difficulty obtaining new equipment, and their purchasing selections were influenced by their financial situation. But the pandemic also highlighted how crucial cutting-edge agricultural technology is to guaranteeing food security. The UK's machinery requirements changed as a result of precision farming and digitalization becoming more popular as the country adjusted to its new circumstances. The agriculture sector showed perseverance in the face of the pandemic, gradually recovering as they realised the importance of new equipment for handling obstacles and bracing for unforeseen events.
Key Target Audience:
- Farmers and Agricultural Producers
- Agricultural Equipment Manufacturers
- Distributors and Dealers
- Research and Development Institutions
- Agricultural Associations and Cooperatives
- Environmental Organizations
- Others
Our in-depth analysis of the United Kingdom Agricultural Machinery Market includes the following segments:
| By Type: |
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| By Region: |
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Key Topics Covered in the Report:
- United Kingdom Agricultural Machinery Market Size (FY’2023-FY’2033)
- Overview of United Kingdom Agricultural Machinery Market
- Segmentation of United Kingdom Agricultural Machinery Market By Type (Tractors, Equipment, Irrigation Machinery, Harvesting Machinery, and Haying and Forage Machinery)
- Statistical Snap of United Kingdom Agricultural Machinery Market
- Expansion Analysis of United Kingdom Agricultural Machinery Market
- Problems and Obstacles in United Kingdom Agricultural Machinery Market
- Competitive Landscape in the United Kingdom Agricultural Machinery Market
- Impact of COVID-19 and Demonetization on United Kingdom Agricultural Machinery Market
- Details on Current Investment in United Kingdom Agricultural Machinery Market
- Competitive Analysis of United Kingdom Agricultural Machinery Market
- Prominent Players in the United Kingdom Agricultural Machinery Market
- SWOT Analysis of United Kingdom Agricultural Machinery Market
- United Kingdom Agricultural Machinery Market Future Outlook and Projections (FY’2023-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1. Research data source2.1.1. Secondary Data2.1.2. Primary Data2.1.3. SPER’s internal database2.1.4. Premium insight from KOL’s2.2. Market size estimation2.2.1. Top-down and Bottom-up approach2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis4.1.1. Drivers4.1.2. Restraints4.1.3. Opportunities4.1.4. Challenges4.2. COVID-19 Impacts of the United Kingdom Agricultural Machinery Market
5. Market variable and outlook
5.1. SWOT Analysis5.1.1. Strengths5.1.2. Weaknesses5.1.3. Opportunities5.1.4. Threats5.2. PESTEL Analysis5.2.1. Political Landscape5.2.2. Economic Landscape5.2.3. Social Landscape5.2.4. Technological Landscape5.2.5. Environmental Landscape5.2.6. Legal Landscape5.3. PORTER’s Five Forces5.3.1. Bargaining power of suppliers5.3.2. Bargaining power of buyers5.3.3. Threat of Substitute5.3.4. Threat of new entrant5.3.5. Competitive rivalry5.4. Heat Map Analysis
6. Competitive Landscape
6.1. United Kingdom Agricultural Machinery Market Manufacturing Base Distribution, Sales Area, Product Type6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in United Kingdom Agricultural Machinery Market
7. United Kingdom Agricultural Machinery Market, By Type (USD Million)
7.1. United Kingdom Agricultural Machinery Market Value Share and Forecast, By Type, 2023-2033
7.2. Equipment7.2.1. Cultivators and Tillers7.2.2. Harrows7.2.3. Plows7.2.4. Other Equipment7.3. Harvesting Machinery7.3.1. Combine Harvesters7.3.2. Forage Harvesters7.3.3. Other Harvesting Machinery7.4. Haying and Forage Machinery7.4.1. Balers7.4.2. Mowers and Conditioners7.4.3. Other Haying and Forage Machinery7.5. Irrigation Machinery7.5.1. Drip Irrigation7.5.2. Sprinkler Irrigation7.5.3. Other Irrigation Machinery7.6. Tractors7.6.1. Less than 50 HP7.6.2. 50 to 100 HP7.6.3. 100 to 150 HP7.6.4. Above 150 HP
8. United Kingdom Agricultural Machinery Market Forecast, 2019-2033 (USD Million)
8.1. United Kingdom Agricultural Machinery Market Size and Market Share
9. United Kingdom Agricultural Machinery Market, By Type, 2019-2033 (USD Million)
9.1. United Kingdom Agricultural Machinery Market Size and Market Share By Type (2019-2026)9.2. United Kingdom Agricultural Machinery Market Size and Market Share By Type (2027-2033)
10. United Kingdom Agricultural Machinery Market, By Region, 2019-2033 (USD Million)
10.1. United Kingdom Agricultural Machinery Market Size and Market Share By Region (2019-2026)10.2. United Kingdom Agricultural Machinery Market Size and Market Share By Region (2027-2033)10.3. Central Region10.4. East Region10.5. North Region10.6. South Region10.7. West Region
11. Company Profile
11.1. AGCO Corporation11.1.1. Company details11.1.2. Financial outlook11.1.3. Product summary11.1.4. Recent developments11.2. CNH Industrial NV11.2.1. Company details11.2.2. Financial outlook11.2.3. Product summary11.2.4. Recent developments11.3. CLAAS KGaA GmbH11.3.1. Company details11.3.2. Financial outlook11.3.3. Product summary11.3.4. Recent developments11.4. Deere & Company11.4.1. Company details11.4.2. Financial outlook11.4.3. Product summary11.4.4. Recent developments11.5. J C Bamford Excavators Ltd11.5.1. Company details11.5.2. Financial outlook11.5.3. Product summary11.5.4. Recent developments11.6. Kubota Corporation11.6.1. Company details11.6.2. Financial outlook11.6.3. Product summary11.6.4. Recent developments11.7. Kuhn Group11.7.1. Company details11.7.2. Financial outlook11.7.3. Product summary11.7.4. Recent developments11.8. Same Deutz-Fahr11.8.1. Company details11.8.2. Financial outlook11.8.3. Product summary11.8.4. Recent developments11.9. Others
12. List of Abbreviations
13. Reference Links
14. Conclusion
15. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
United Kingdom Agricultural Machinery Market is projected to reach USD XX billion by 2033, growing at a CAGR of 6.3% during the forecast period.
United Kingdom Agricultural Machinery Market size from 2022. The Market is expected to reach USD XX billion by 2033, at a CAGR of 6.3% during the forecast period.
United Kingdom Agricultural Machinery Market CAGR of 6.3% during the forecast period.
You can get the sample pages by clicking the link - Click Here
United Kingdom Agricultural Machinery Market size is XX billion from 2023 to 2033.
United Kingdom Agricultural Machinery Market Segment is covered By Type.
The North America is anticipated to have the highest market share in the United Kingdom Agricultural Machinery Market .
"The key players in the market include Companies Covered AGCO Corporation, CNH Industrial NV, CLAAS KGaA GmbH, Deere & Company, J C Bamford Excavators Ltd, Kubota Corporation, Kuhn Group, Same Deutz-Fahr, Others."
The market for agricultural machinery is therefore anticipated to grow during the projected period. The need for agriculture to become more mechanised is being driven by the United Kingdom's growing population.
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