UK Agri Equipment Market Outlook to 2027

UK a Significant Agricultural Sector, and the Market for Agricultural Equipment Has Been Robust. The UK Has a Well-Developed and Advanced Agricultural Sector, Known for Its High-Tech and Efficient Farming Practices. The UK Agriculture Equipment Market is a Significant Part of the Country Agricultura

Market Overview:

UK a significant agricultural sector, and the market for agricultural equipment has been robust. The UK has a well-developed and advanced agricultural sector, known for its high-tech and efficient farming practices. The UK agriculture equipment market is a significant part of the country's agricultural industry. It encompasses a wide range of machinery and equipment used for various farming activities, such as planting, harvesting, irrigation, and livestock management.

The market size and trends in the UK agriculture equipment sector can be influenced by factors such as technological advancements, changes in farming practices, government policies, economic conditions, and environmental concerns.

Smart farming solutions involve the integration of sensors, data analytics, and automation to make real-time decisions about planting, fertilizing, and harvesting. This can lead to more precise resource allocation and reduced waste. Some companies are developing digital platforms that connect farmers with suppliers, dealers, and service providers. These platforms offer information, support, and e-commerce options for purchasing equipment and services.

UK Agri-Equipment Market Analysis

The agricultural machinery market of the United States is predicted to experience a CAGR of 3.5% throughout the forecast period.

The UK Agri-Equipment Market had experienced fluctuations influenced by factors such as technological advancements, economic conditions, government policies, and global trends. It played a vital role in supporting the country's agricultural sector's efficiency and productivity.

The Positive Agriculture project aims to improve the living conditions of those who are a part of the agricultural supply chain and to provide essential equipment sustainably. This aim joins an already announced objective to reduce total greenhouse gas (GHC) emissions by ~40% by 2030 and zero emissions by 2040. The adoption of energy-efficient agricultural equipment will enable the fulfillment of these objectives.

The increasing population in the United Kingdom is fueling the requirement for agricultural mechanization. Consequently, there is a growing demand for agricultural machinery. As a result, companies are introducing inventive products and novel technologies to cater to this demand.

Key Trends by Market Segment:

By power of Agricultural Tractors: The categorization of Agricultural Tractors is based on power and drivetrain. Two-wheel-drive (2WD) Farm Tractors are segmented by power: < 40 HP, 40 < 100 HP, 100-150 HP, 150-300 HP, and 300+ HP. Similarly, Four-wheel-drive (4WD) Farm Tractors are divided into power ranges: 40 < 100 HP, 100-150 HP, 150-300 HP, and 300+ HP. Average horsepower is around 168 HP in UK. It has increased steadily from 162HP in 2017 to 168 in 2022.

By Type of Agriculture Machinery: Agriculture in the UK benefits from advanced machinery. High-tech tractors efficiently plow fields, while precision combine harvesters streamline crop collection. Additionally, rice transplanters enhance paddy cultivation, reflecting the nation's commitment to sustainable and productive farming practices. Considering the average size of land, most of the combine harvesters sold in UK are above 300,000 USD. There is no market for combine harvester below 200HP since it does not meet the requirements of an average field.

Competitive Landscape:

In the UK Agri Equipment Market, the competitive landscape is characterized by a dynamic interplay of both domestic and international players. Various companies are engaged in offering a diverse range of agricultural equipment products. The competition is driven by factors such as established brand presence, technological innovation, product quality, and customer service.

Renowned global brands as well as local manufacturers are prominent key players in this landscape. The presence of these competitors fosters innovation, efficiency improvements, and a continuous drive to meet the evolving needs of the agricultural sector. As the market evolves, companies strive to differentiate themselves through unique features, advanced technologies, and solutions that address sustainability and precision farming requirements. This competitive environment ultimately benefits farmers by offering them a range of options to choose from, catering to their specific operational needs and preferences.

Recent Developments:

New Holland has unveiled a prototype T7 Methane Power tractor, utilizing liquefied gas for extended operational periods. This innovation offers four times the fuel storage of their existing compressed natural gas (CNG) T6 tractor.

New Holland UK introduced the SRC SmartSteerTM cultivator model, incorporating a self-steering system guided by cameras. This addition complements the existing mechanically guided models, addressing the output and ease-of-use preferences of larger farms and contractors.

Kuhn UK launched a triple gang mower conditioner featuring integrated swath grouping units. This advanced design allows the machine's 9.3-meter cutting width to be consolidated into a single swath during a single pass. The updated grouper attachment enhances stability and compactness through a redesigned frame and support arm configuration compared to previous models.

Future Outlook:

• The United Kingdom's agricultural machinery market is projected to record a CAGR of ~3.5% during the forecast period
• The UK's agricultural machinery sector is expanding due to multiple factors, including higher farm labor costs, government policies promoting machinery adoption, and technological advancements
• Adoption of the latest farm technologies is streamlining operations and reducing costs, contributing to the growth of the agricultural machinery market
• The UK's increasing population is driving the need for agricultural mechanization, resulting in rising demand for advanced machinery solutions
• To meet the growing demand, companies are introducing innovative products and new technologies to enhance agricultural operations
• Kubota Corporation's plan to introduce electric compact tractors across Europe, including the UK, by April 2023 reflects a trend of significant product innovation
• Kubota's initiative marks the first instance of a Japanese manufacturer launching electric tractors in the UK, highlighting the market's shift toward sustainability and advanced technologies
• The agricultural machinery industry in the UK is expected to experience substantial growth in the tractor segment due to such product innovations by key players.