The UK machinery sector dedicated to mining, quarrying, and construction projects a steady uptick through 2028, with turnover rising from 8.31 billion euros in 2024 to 8.99 billion euros in 2028. As of 2023, turnover stood at 8.14 billion euros, marking a consistent upward trajectory in subsequent years. Year-on-year growth rates average approximately 2.2%. Over the 2024-2028 timeline, the compound annual growth rate (CAGR) remains around 2.0%, indicating gradual yet positive increases.
Future trends to watch include technological advancements in equipment efficiency, sustainability practices impacting machinery demand, and potential regulatory changes in the construction and mining industries.
