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The United Kingdom Agricultural Machinery Market is segmented by Tractors, Plowing and Cultivating Machinery, Planting Machinery, Harvesting Machinery, Harvesting Machinery, Sprayers, Irrigation Machinery, and Others.
The United Kingdom's agricultural machinery market is projected to record a CAGR of 6.1% during the forecast period (2020-2025). An increase in farm labor costs, favorable government policies supporting the purchase of agricultural machinery, and a rise in technological development in agricultural machinery are some of the factors driving the market growth for agricultural machinery in the country. Kubota Corporation, Deere & Company, and Same Deutz-Fahr are some of the major players who are operating in this market.
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.
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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 currently surfaced on the farm fields in the country. This was reflected through the total percentage of employment in agriculture falling drastically from 1.25% in 2014 to 1.13% in 2019, as reported in the World Bank database. The farm labor crunch witnessed in the United Kingdom following the Brexit policy has further raised the wage rate in the country. Thus, the shortage of farm labor is giving way to rise in wage rates, thereby allowing the farmers to adopt farm mechanization in the region.
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The United Kingdom's agricultural sector has witnessed an increase in its integration with technology over the past few years in order to support sustainable agricultural practices in the country. The UK government is focusing on increasing farm mechanization to produce more with less impact on the environment. Tractors being one of the 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. According to AEA Statistics, in 2019, the total number of agricultural tractor (greater than 50 HP) registrations were reported to be 12,333, as compared to its registrations of 12,102 in 2018. 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 which gave them a competitive edge over other players in the region.
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CLAAS KGaA mbH, Deere & Company, CNH Industrial NV, and Kubota Corporation are some of the major players who are 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.
1.1 Study Deliverables
1.2 Study Assumptions
1.3 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
18.104.22.168 Less than 50 HP
22.214.171.124 50 to 100 HP
126.96.36.199 100 to 150 HP
188.8.131.52 Above 150 HP
184.108.40.206 Cultivators and Tillers
220.127.116.11 Other Equipment
5.1.3 Irrigation Machinery
18.104.22.168 Sprinkler Irrigation
22.214.171.124 Drip Irrigation
126.96.36.199 Other Irrigation Machinery
5.1.4 Harvesting Machinery
188.8.131.52 Combine Harvesters
184.108.40.206 Forage Harvesters
220.127.116.11 Other Harvesting Machinery
5.1.5 Haying and Forage Machinery
18.104.22.168 Mowers and Conditioners
22.214.171.124 Other Haying and Forage Machinery
6. COMPETITIVE LANDSCAPE
6.1 Most Adopted Strategies
6.2 Market Share Analysis
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
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
8. IMPACT OF COVID-19