Industry Statistics and Trends
Market size and recent performance (2014-2029)
Industry revenue has grown at a CAGR of 2.4 % over the past five years, to reach an estimated £3.5bn in 2024.
Trends and Insights
Exports stagnate while import penetration intensifies
- Before the pandemic, exports skyrocketed thanks to a weak pound making UK manufactured goods more internationally competitive. However, agricultural machinery exports dropped substantially over 2020-21, owing to a slump in global demand and supply chain disruption. While exports have since recovered, imports have expanded at a faster rate.
- Additional trends and insights available with purchase
Source: IBISWorld
Industry outlook (2024-2029)
Market size is projected to grow over the next five years.
Trends and Insights
Downstream subsidy payment uncertainty may hinder domestic market prospects
- Before Brexit, EU subsidy payments amounted to approximately £3.5 billion per year.
Biggest companies in the Agricultural & Forestry Machinery Manufacturing in the UK
| Company | Market Share (%)
2025 | Revenue (£m)
2025 |
|---|---|---|
CNH Industrial NV | 1,324.7 | |
Husqvarna UK Ltd | 178.8 | |
JCB Landpower Ltd | 95.9 |
To view the market share and analysis for all 5 top companies in this industry, view purchase options.
Products & Services Segmentation
Source: IBISWorld
Industry revenue is measured across several distinct product and services lines, including Tractors, Garden machinery and Agricultural and forestry machinery. Tractors is the largest segment of the Agricultural & Forestry Machinery Manufacturing in the UK.
Trends and Insights
A pickup in global tractor sales boosts UK manufacturing revenue
- According to the Agricultural Engineers Association (AEA), in value terms, sales of tractors, plus parts and accessories, account for almost one-half of farmers' total spending on equipment.
- More insights available in the full report
Table of Contents
About this industry
Industry definition
This industry manufactures equipment used by the agricultural and forestry sectors, including various tractors and machinery types. Manufacturing lawnmowers, agricultural trailers, soil preparation, planting and fertilising machinery, milking machines and harvesting machinery are all industry-related. The manufacture of non-power-driven agricultural hand tools, conveyors for farm use and cream separators are not part of this industry.
What's included in this industry?
TractorsAgricultural and forestry machineryGarden machineryParts for installation, maintenance and repairCompanies
CNH Industrial NVHusqvarna UK LtdJCB Landpower LtdPurchase this report to view all 5 major companies in this industry.
Related Terms
SCARIFIERTILLERTHRESHING MACHINEIndustry Code
SIC 28.30 - Agricultural & Forestry Machinery Manufacturing in the UK
Performance
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Analyst insights
The UK agricultural machinery industry faces headwinds. Struggling with a flood of imports, reduced farm incomes leading to less spending on machinery and soaring raw materia...
In this chapter (4)
- Current Performance
- Outlook
- Volatility
- Life Cycle
Key metrics
- Annual Revenue, Recent Growth, Forecast, Revenue Volatility
- Number of Employees, Recent Growth, Forecast, Employees per Business, Revenue per Employee
- Number of Businesses, Recent Growth, Forecast, Employees per Business, Revenue per Business
- Total Profit, Profit Margin, Profit per Business
Charts
- Revenue, including historical (2014-2023) and forecast (2024-2029)
- Employees, including historical (2014-2023) and forecast (2024-2029)
- Businesses, including historical (2014-2023) and forecast (2024-2029)
- Profit, including historical (2014-2024)
- Industry Volatility vs. Revenue Growth
- Industry Life Cycle
Detailed analysis
- Trends in supply, demand and current events that are driving current industry performance
- Expected trends, economic factors and ongoing events that drive the industry's outlook
- Key success factors for businesses to overcome volatility
- How contribution to GDP, industry saturation, innovation, consolidation, and technology and systems influence the industry's life cycle phase.
Products and Markets
Learn about an industry's products and services, markets and trends in international trade.
Analyst insight
Rising tractor sales boost UK manufacturing revenue. An increase in global tractor sales due to UK agricultural income growth over 2022 and greater demand for large, fuel-eff...
In this chapter
- Products & Services
- Major Markets
- International Trade
Key metrics
- Largest market segment and value in 2024
- Product innovation level
- Total imports, level and trend
- Total exports, level and trend
- Trade Balance
Charts
- Products & services segmentation in 2024
- Major market segmentation in 2024
- International trade, including imports by country and exports by country
Detailed analysis
- Trends impacting the recent performance of the industry's various segments
- Innovations in the industry's product or service offering, specialization or delivery method
- Key factors that successful businesses consider in their offerings
- Buying segments and key trends influencing demand for industry products and services
- Recent trends in import and export volumes, country of origin or destination, and expected future trends
Geographic Breakdown
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Analyst insights
The East Midlands boasts the best UK transport links. Central to farming industry hotspots, the East Midlands' robust transport infrastructure offers cost-efficient logistics...
In this chapter (1)
- Business Locations
Charts
- Share of revenue, establishment, wages and employment in each region
- Share of population compared to establishments in each region in 2024
Tables
- Number and share of establishments in each region in 2024
- Number and share of revenue each region accounts for in 2024
- Number and share of wages each region accounts for in 2024
- Number and share of employees in each region in 2024
Detailed analysis
- Geographic spread of the industry across Europe, and trends associated with changes in the business landscape
- Key success factors for businesses to use location to their advantage
Competitive Forces
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Analyst insights
Prominent global manufacturers dominate the UK's machinery market. John Deere, CNH and AGCO control the farm and forestry machinery industry, underscoring the domestic market...
In this chapter (4)
- Concentration
- Barriers to Entry
- Substitutes
- Buyer & Supplier Analysis
Key metrics
- Industry concentration level
- Industry competition level and trend
- Barriers to entry level and trend
- Substitutes level and trend
- Buyer power level and trend
- Supplier power level and trend
Charts
- Market share concentration among the top 4 suppliers from 2019-2024
- Supply chain including upstream supplying industries and downstream buying industries, flow chart
Detailed analysis
- Factors impacting the industry’s level of concentration, such as business distribution, new entrants, or merger and acquisition activity.
- Key success factors for businesses to manage the competitive environment of the industry.
- Challenges that potential industry entrants face such as legal, start-up costs, differentiation, labor/capital intensity and capital expenses.
- Key success factors for potential entrants to overcome barriers to entry.
- Competitive threats from potential substitutes for the industry’s own products and services.
- Key success factors for how successful businesses can compete with substitutes.
- Advantages that buyers have to keep favorable purchasing conditions.
- Advantages that suppliers have to maintain favorable selling conditions.
- Key success factors for how businesses can navigate buyer and supplier power.
Companies
Learn about the performance of the top companies in the industry.
Analyst insights
CNH Industrial leads UK tractor manufacturing. Dominating the UK market, CNH Industrial's Basildon facility produces over 23,000 tractors annually, with significant exports p...
In this chapter
- Market Share Concentration
- Companies
- Company Spotlights
Charts
- Industry market share by company in 2020 through 2024
- Major companies in the industry, including market share, revenue, profit and profit margin in 2024
- Overview of CNH Industrial NV's performance by revenue, market share and profit margin from 2018 through 2024
- Overview of Husqvarna UK Ltd's performance by revenue, market share and profit margin from 2018 through 2024
- Overview of JCB Landpower Ltd's performance by revenue, market share and profit margin from 2018 through 2024
- Overview of revenue, market share and profit margin trend for 2 additional companies
Detailed analysis
- Description and key data for CNH Industrial NV, and factors influencing its performance in the industry
- Description and key data for Husqvarna UK Ltd, and factors influencing its performance in the industry
- Description and key data for JCB Landpower Ltd, and factors influencing its performance in the industry
- Description, key data and performance trends for 2 additional companies
External Environment
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Analyst insights
Manufacturers navigate complex safety and environmental regulations. These laws not only mandate safe machine design and construction but also compel manufacturers to adhere ...
In this chapter
- External Drivers
- Regulation & Policy
- Assistance
Key metrics
- Regulation & policy level and trend
- Assistance level and trend
Charts
- Regulation & Policy historical data and forecast (2014-2029)
- Assistance historical data and forecast (2014-2029)
Detailed analysis
- Demographic and macroeconomic factors influencing the industry, including Regulation & Policy and Assistance
- Major types of regulations, regulatory bodies, industry standards or specific regulations impacting requirements for industry operators
- Key governmental and non-governmental groups or policies that may provide some relief for industry operators.
Financial Benchmarks
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Analyst insights
Volatile prices impact profit. Rising input costs, a weak pound and a pandemic-hit supply chain have hit profit fluctuate. Manufacturers have turned to cost-cutting initiativ...
In this chapter
- Cost Structure
- Financial Ratios
- Key Ratios
Key metrics
- Profit margin, and how it compares to the sector-wide margin
- Average wages, and how it compares to the sector-wide average wage
- Largest cost component as a percentage of revenue
- Industry average ratios for days' receivables, industry coverage and debt-to-net-worth ratio
Charts
- Average industry operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
- Average sector operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
- Investment vs. share of economy
Data tables
- Liquidity Ratios (2018-2022)
- Coverage Ratios (2018-2022)
- Leverage Ratios (2018-2022)
- Operating Ratios (2018-2022)
- Assets (2018-2022)
- Liabilities (2018-2022)
- Cash Flow & Debt Service Ratios (2014-2029)
- Revenue per Employee (2014-2029)
- Revenue per Enterprise (2014-2029)
- Employees per Establishment (2014-2029)
- Employees per Enterprise (2014-2029)
- Average Wage (2014-2029)
- Wages/Revenue (2014-2029)
- Establishments per Enterprise (2014-2029)
- IVA/Revenue (2014-2029)
- Imports/Demand (2014-2029)
- Exports/Revenue (2014-2029)
Detailed analysis
- Trends in the cost component for industry operators and their impact on industry costs and profitability
Key Statistics
Industry Data
Data Tables
Including values and annual change:
- Revenue (2014-2029)
- IVA (2014-2029)
- Establishments (2014-2029)
- Enterprises (2014-2029)
- Employment (2014-2029)
- Exports (2014-2029)
- Imports (2014-2029)
- Wages (2014-2029)
Top Questions Answered
Unlock comprehensive answers and precise data upon purchase. View purchase options.
What is the market size of the Agricultural & Forestry Machinery Manufacturing in the UK industry in United Kingdom in 2024?
The market size of the Agricultural & Forestry Machinery Manufacturing in the UK industry in United Kingdom is £3.5bn in 2024.
How many businesses are there in the Agricultural & Forestry Machinery Manufacturing in the UK industry in 2024?
There are 731 businesses in the Agricultural & Forestry Machinery Manufacturing in the UK industry in United Kingdom, which has grown at a CAGR of 2.1 % between 2019 and 2024.
Has the Agricultural & Forestry Machinery Manufacturing in the UK industry in United Kingdom grown or declined over the past 5 years?
The market size of the Agricultural & Forestry Machinery Manufacturing in the UK industry in United Kingdom has been growing at a CAGR of 2.4 % between 2019 and 2024.
What is the forecast growth of the Agricultural & Forestry Machinery Manufacturing in the UK industry in United Kingdom over the next 5 years?
Over the next five years, the Agricultural & Forestry Machinery Manufacturing in the UK industry in United Kingdom is expected to grow.
What are the biggest companies in the Agricultural & Forestry Machinery Manufacturing in the UK market in United Kingdom?
The biggest companies operating in the Agricultural & Forestry Machinery Manufacturing market in United Kingdom are CNH Industrial NV, Husqvarna UK Ltd and JCB Landpower Ltd
What does the Agricultural & Forestry Machinery Manufacturing in the UK in United Kingdom include?
Tractors and Agricultural and forestry machinery are part of the Agricultural & Forestry Machinery Manufacturing in the UK industry.
Which companies have the highest market share in the Agricultural & Forestry Machinery Manufacturing in the UK in United Kingdom?
The company holding the most market share in United Kingdom is CNH Industrial NV.
How competitive is the Agricultural & Forestry Machinery Manufacturing in the UK industry in United Kingdom?
The level of competition is moderate and steady in the Agricultural & Forestry Machinery Manufacturing in the UK industry in United Kingdom.
Related Industries
Widen your competitive advantage with related industries
Competitors
- There are no industries to display.
Complementors
- Iron & Steel Manufacturing in the UK
- Tool Manufacturing in the UK
- Pump Manufacturing in the UK
- Lifting & Handling Equipment Manufacturing in the UK
International industries
- Tractors & Agricultural Machinery Manufacturing in the US
- Precision Agriculture Systems & Services in the US
- Tractors & Agricultural Machinery Manufacturing in Canada
- Agricultural Machinery Manufacturing in Australia
- Agricultural Machinery Manufacturing in New Zealand
View all industries in United Kingdom
Methodology
How are IBISWorld reports created?
IBISWorld has been a leading provider of trusted industry research for over 50 years to the most successful companies worldwide. With offices in Australia, the United States, the United Kingdom, Germany and China, we are proud to have local teams of analysts that conduct research, data analysis and forecasting to produce data-driven industry reports.
Our analysts start with official, verified and publicly available sources of data to build the most accurate picture of each industry. Analysts then leverage their expertise and knowledge of the local markets to synthesize trends into digestible content for IBISWorld readers. Finally, each report is reviewed by one of IBISWorld’s editors, who provide quality assurance to ensure accuracy and readability.
IBISWorld relies on human-verified data and human-written analysis to compile each standard industry report. We do not use generative AI tools to write insights, although members can choose to leverage AI-based tools within the platform to generate additional analysis formats.
What data sources do IBISWorld analysts use?
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
Key data sources in the UK include:
- Office for National Statistics
- Office for Budget Responsibility
- Bank of England
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
- Industry and trade associations
- Industry federations or regulators
- Major industry players annual or quarterly filings
Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.
How does IBISWorld forecast its data?
IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.
IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools. We are proud to be the keystone source of industry information for thousands of companies across the world.
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