The market is dominated by foreign suppliers, as imports account for 71.0% of total market size in 2020. B2B drives market demand, with B2B spending representing 84.0% of total demand in 2020. The UK has the seventh largest market size for agricultural and forestry machinery in the region, with demand reaching USD2.5 billion in 2020. CNH UK Ltd is the largest company in the UK, generating 17.0% of the industry’s total production value in 2020. The industry is fragmented, with the top five companies generating 45.0% of total production value in 2020. The total number of companies decreases in 2020, to 4,233 units. The costs of the industry decrease by 16.9% in 2020, largely driven by declining B2B costs. The industry’s profitability increases and stands at 6.4% of production value in 2020, the 17th highest in the region. The industry’s exports share decreases in 2020 to 69.4% of total production output. With production value of USD2.3 billion, the UK accounts for 4.5% of the Western Europe total in 2020.
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This Euromonitor industrial report provides unique information on Agricultural and Forestry Machinery in the UK: ISIC 2921. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Agricultural and Forestry Machinery in the UK: ISIC 2921 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
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