In 2023, the machinery sector's final consumption of renewables and biofuels in the UK stood at 690.0 tonnes of oil equivalent. Forecasts from 2024 to 2028 indicate a steady increase in consumption, with values rising from 720.0 to 850.0 tonnes of oil equivalent. This represents year-on-year growth rates of approximately 4.2% for 2025, 5.3% for 2026, 3.8% for 2027, and 3.7% for 2028. The compound annual growth rate (CAGR) over the five-year period is estimated at 4.3%, reflecting a consistent upward trajectory in renewable and biofuel use within the sector.

Future trends to watch for:

Technological advancements improving efficiency of machinery inputs.
Regulatory changes promoting increased adoption of greener fuels.
Fluctuating biofuel market prices affecting sector uptake.
Potential shifts in government policy toward decarbonization strategies, enhancing renewables' competitiveness.