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United Kingdom Agricultural Machinery Market - Share, Growth, Trends, Forecast (2020 - 2025)

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The United Kingdom has been a pioneer in adapting to the industrialization of the agriculture sector and remains one of the most agriculturally developed countries in the world. It also has a relatively small agricultural sector and a significant food trade deficit. The market is expected to be affected by the falling commodity prices, and uncertainty in the EU following the Brexit vote. Dominated by large foreign-owned companies, the agricultural market machinery market in the United Kingdom is estimated at USD X billion in 2016 and projected to reach USD X billion by 2021, with a CAGR of 0.81% during the forecast period from 2015 to 2021.

The farm tractor is the leading product segment in this market, accounting for a large portion of the total sales. Different products include combine harvesters, tractors, (tobacco) curers, ploughs, milking machines, trans-planters, drags, dusters, and more.

Market Dynamics

The growth of the agricultural machinery market in the country is driven by factors like increased optimization of supply chain, experienced labour force and involvement of the FDI in agriculture. The falling commodity prices, a current downtime in the European agricultural market, repercussions of the Russian embargo, a new EU CAP policy, and Brexit concerns are expected to affect the market. Moreover, the weather patterns have been unstable in the country over recent years. The seasonal grain supplies have been sluggish for the past five years, with correspondingly elevated prices; however, the last three harvests saw more favourable weather conditions that have allowed the output to recover, leading to the increased usage of agricultural machinery in the country.

Market Segmentation

The United Kingdom agricultural machinery market has been segmented by product and phase type.

By Product and Phase Type:

  • Tractor
  • Plowing and Cultivating Machinery
  • Planting and Fertilizing Machinery
  • Harvesting Machinery
  • Haying and Forage Machinery
  • Irrigation Machineries

Key players in the market are:

  • Deere and Company
  • AGCO Corp.
  • CNH Industrial N.V
  • Iseki & Co. Ltd.
  • Kuhn Group
  • Kverneland Group
  • Escorts Group
  • Kubota Tractor Corp
  • Claas KGaA & GmbH
  • Mahindra & Mahindra Ltd.
  • Tractors and Farm Equipment Ltd.
  • Same Deutz-Fahr Deutschland GmbH
  • Valmont Industries Incorporated
  •  WORLD Group Company Limited
  •  Yamabiko Corporation
  •  ZETOR TRACTORS
  • Massey-Ferguson Ltd. (now Varity Corp)
  • Versatile
  • International Harvester
  • White Farm Equipment Organization

Key Deliverables of the Study

  • Market analysis for the United Kingdom agricultural machinery market, with region-specific assessments and competition analysis on various scales.
  • Market definition along with the identification of key drivers and restraints.
  • Identification of factors instrumental in changing the market scenario, rising prospective opportunities, and identification of key companies that can influence this market on a regional scale.
  • Extensively researched competitive landscape section with profiles of major companies along with their market share.
  • Identification and analysis of the macro and micro factors that affect the United Kingdom agricultural machinery market on a regional scale.
  • A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.
  • A wide-ranging knowledge and insights about the major players in this industry and the key strategies adopted by them to sustain and grow in the studied market.
  • Insights on the major countries/regions where this industry is growing and identify the regions that are still untapped.

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