In 2023, the turnover in the Manufacture of Agricultural and Forestry Machinery sector in the UK stood at approximately 2.69 billion pounds sterling. Forecasted growth from 2024 to 2028 suggests a steady increase, with the turnover expected to rise to 2.89 billion pounds sterling by 2028. Year-on-year growth rates are modest, indicating a consistent upward trend just over 1% annual growth consistently. The compound annual growth rate (CAGR) from 2024 to 2028 shows an average annual increase of around 1.44%.
Future trends to watch for include technological advancements in machinery, potential regulatory changes, and the impact of environmental sustainability on product offerings. The sector’s adaptability to digital innovations and automation will play a crucial role in sustaining growth.
