In 2023, the UK imported pedestrian-controlled tractors with a value of 1.2920 million US dollars. By 2024, this value declined to 1.2431 million US dollars, marking a year-on-year decrease of 3.78%. This downward trend continues with forecasts showing average annual declines of around 4% leading to a 2028 forecast of 1.0494 million US dollars. The compound annual growth rate (CAGR) places a steady decrease trend at an average of 4.09% per year over the five years starting from 2024.
Future trends to watch for include:
- The impact of new environmental regulations on manufacturing and import costs.
- Technological advancements in autonomous farming equipment which could alter market dynamics.
- Shifts in agricultural practices towards more sustainable and efficient technologies impacting demand.
- Potential global economic changes affecting trade relations and costs.
