In 2023, the sold production of tractors with an engine power of 37 kW - 59 kW in the UK was previously established before the forecast data. From 2024 to 2028, there is a consistent increase in sold production values, expressed in Million Euros, indicating a strong growth trend in the sector.
The year-on-year growth from 2024 to 2025 is 4.48%, in 2026 it is 4.18%, from 2027 it is 3.94%, and in 2028 it is 3.72%. The compound annual growth rate (CAGR) over this forecast period is 4.05%, reflecting a moderate but steady growth rate.
Future trends to watch:
- Further advancements in eco-friendly and low-emission technologies.
- Impact of regulatory changes and Brexit-related trade adjustments.
- Evolution in the demand for compact agricultural machinery amidst increasing farm automation.