The UK manufacture of agricultural and forestry machinery sector is projected to grow from £2.38 billion in 2024 to £2.54 billion by 2028. In 2023, the production stood at approximately £2.34 billion, making a year-on-year growth of about 1.71% for 2024. This growth trend steadily continues with a 1.68% average increase yearly towards 2028, reflecting a steady demand in the sector. The cumulative average growth rate over this period is approximately 1.68% annually.
Future trends to watch for include technological advancements in machinery for increased efficiency and environmental sustainability, along with potential policy changes affecting the agriculture sector, which could impact demand for new machinery. Global supply chain dynamics will also play a significant role in determining long-term production levels in the UK.
