The production value of machinery for mining, quarrying, and construction in the UK is forecasted to grow steadily from 8.04 billion Euros in 2024 to 8.76 billion Euros in 2028. Looking back to 2023, the value was 7.86 billion Euros, indicating an upward trend. The year-on-year growth is approximately 2.2% between 2024 and 2025, slightly increasing in the following years to culminate in an overall 2.1% compound annual growth rate (CAGR) over the five-year period from 2024 to 2028.
Future trends to watch for include advances in automation and digital technologies, which are likely to increase efficiency and production capacity. Environmental considerations and regulations may also drive innovation in more sustainable machinery solutions. Monitoring global economic conditions and commodity prices will be crucial, as these factors can significantly impact the demand for machinery in these sectors.
