In 2023, the number of persons employed in the UK’s manufacture of agricultural and forestry machinery sector was 8.05 thousand. Predicted employment figures from 2024 to 2028 show a gradual increase, illustrating positive growth. The year-on-year growth rates are steady: 0.50% (2024), 0.49% (2025), 0.37% (2026), 0.49% (2027), and 0.37% (2028). The CAGR for this period is approximately 0.39%, signifying modest but consistent sector expansion.
Future trends to watch for:
- Technological advancements impacting labor needs.
- Demand for sustainable and efficient machinery.
- Economic and policy changes affecting agriculture and forestry.
