UK Agricultural Tractor Market Size & Outlook, 2023-2030
UK agricultural tractor market, 2018-2030 (US$M)
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UK agricultural tractor market highlights
- The UK agricultural tractor market generated a revenue of USD 553.6 million in 2023 and is expected to reach USD 831.6 million by 2030.
- The UK market is expected to grow at a CAGR of 6% from 2024 to 2030.
- In terms of segment, more than 100 hp was the largest revenue generating engine power in 2023.
- Less than 40 Hp is the most lucrative engine power segment registering the fastest growth during the forecast period.
Agricultural tractor market data book summary
| Market revenue in 2023 | USD 553.6 million |
| Market revenue in 2030 | USD 831.6 million |
| Growth rate | 6% (CAGR from 2023 to 2030) |
| Largest segment | More than 100 hp |
| Fastest growing segment | Less than 40 Hp |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Less than 40 Hp, 41 to 100 Hp, More than 100 Hp |
| Key market players worldwide | AGCO Corp, CNH Industrial NV, Deere & Co, CLAAS, Kubota Corp, Mahindra & Mahindra Ltd DR, International Tractors Ltd, Yanmar, Escorts, Tractors and Farm Equipment |
Other key industry trends
- In terms of revenue, UK accounted for 0.5% of the global agricultural tractor market in 2023.
- Country-wise, India is expected to lead the global market in terms of revenue in 2030.
- In Europe, France agricultural tractor market is projected to lead the regional market in terms of revenue in 2030.
- France is the fastest growing regional market in Europe and is projected to reach USD 2,361.9 million by 2030.
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Agricultural Tractor Market Scope
Agricultural Tractor Market Companies
| Name | Profile | # Employees | HQ | Website |
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UK agricultural tractor market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to agricultural tractor market will help companies and investors design strategic landscapes.
More than 100 hp was the largest segment with a revenue share of 39.52% in 2023. Horizon Databook has segmented the UK agricultural tractor market based on less than 40 hp, 41 to 100 hp, more than 100 hp covering the revenue growth of each sub-segment from 2018 to 2030.
In the U.K., there is a trend toward feminization of agriculture due to men moving into urban areas, which increases the need for tractors and other agricultural technology to carry out farming tasks. The popularity of tractors powered by alternative fuels is rising nationwide.
Farming is becoming greener and more fuel-conscious. Precision farming and telematics in tractors are also anticipated to bode well for the expansion of the agriculture market, thus driving the growth of the country’s agriculture tractor sector.
For instance, schemes such as the Countryside Productivity Small Grants Scheme in the U.K. offer financial support to farmers for the purchase of equipment, including tractors, enhancing productivity and environmental sustainability.
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Our clientele includes a mix of agricultural tractor market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the UK agricultural tractor market , including forecasts for subscribers. This country databook contains high-level insights into UK agricultural tractor market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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UK agricultural tractor market size, by engine power, 2018-2030 (US$M)
UK Agricultural Tractor Market Outlook Share, 2023 & 2030 (US$M)
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