Regained traction: Following a fall in revenue in 2015-16, the industry has recorded steady growth

Operators in the Agricultural & Forestry Machinery Manufacturing industry produce industry-specific equipment such as tractors, harvesting machinery and agricultural trailers, as well as lawnmowers and other gardening equipment. Industry revenue has fluctuated over the past five years, with revenue expected to grow at a compound annual rate of 0.3%. This figure includes an expected annual growth figure of 1.4% in 2018-19, leading to total industry revenue of £2.5 billion. Industry revenue is heavily affected by international trade, with import penetration and export reliance expected to rise in 2018-19. Agricultural income is expected to decline at a compound annual rate of 6.3% over the five years through December 2018, limiting demand from the domestic agricultural more.

Industry Statistics & Market Size
Annual Growth 14-19
Forecast Growth 19-24
Market Share of Companies

Industry Threats & Opportunities

  • Industry performance has steadied following a sharp fall and revenue is expected to rise
  • Industry profit has risen over the past five years thanks to increased efficiency and productivity
  • The UK’s exit from the European Union could cause considerable uncertainty in downstream markets
  • Industry Report - Industry Key Buyers Chapter

    The industry exhibits a low level of concentration, with the top four players accounting for approximately 39.4% of industry revenue in 2018-19. However, concentration varies considerably between product segments.A few large global players, such as CNH Industrial NV, operate in the industry alongside many small players. UK-owned manufacturers of farm machinery tend to be small firms that specialise in products tailored towards niche markets. Some players also focus on providing installation and repair services. The large number of small firms operating in the industry is indicated by the fact that only 3.7% of enterprises employed more than 100 staff in 2017, while 67% employed fewer than five employees...purchase to read more.

    Additional Insights for the Agricultural & Forestry Machinery Manufacturing Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Agricultural & Forestry Machinery Manufacturing Industry are

  • Ability to quickly adopt new technology
  • Establishment of export markets
  • Establishment of brand names
  • IBISWorld analysts also discuss how external factors such as Agricultural income and Real effective exchange rate in the Agricultural & Forestry Machinery Manufacturing industry impact industry performance..

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    What's in this report

    What is the Agricultural & Forestry Machinery Manufacturing Industry?

    This industry manufactures equipment used by the agricultural and forestry industries. This includes various types of tractors and machinery. The manufacture of lawnmowers, agricultural trailers, soil preparation, planting and fertilising machinery, milking machines, and harvesting machinery are included in this industry. The manufacture of non-power-driven agricultural hand tools, conveyors for farm use, and cream separators are excluded from this industry.

    Industry Products
  • Tractors
  • Garden machinery
  • Agricultural and forestry machinery
  • Parts
  • Industry Activities
  • Tractor
  • Lawnmower
  • Agricultural self-loading or self-unloading trailer or semi-trailer
  • Manufacturing agricultural machinery for soil preparation, planting or fertilising
  • Harvesting or threshing machinery
  • Milking machine
  • Manufacturing spraying machinery for agricultural use
  • Manufacturing diverse agricultural machinery
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Agricultural income
  • Real effective exchange rate
  • Demand from forestry and logging
  • Official bank rate
  • Real household disposable income
  • World price of steel

  • Current Performance
  • International trade
  • Demand shift
  • Profit squeeze
  • Tech-spurred growth
  • Chart: Revenue Growth

  • Industry Outlook
  • EU uncertainty
  • Growth areas
  • Table: Agricultural & Forestry Machinery Manufacturing Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Agricultural & Forestry Machinery Manufacturing Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Agriculture, Forestry and Fishing
  • Agricultural Machinery & Equipment Wholesaling
  • Landscaping Services
  • Sports Facilities
  • Consumers

  • Key Selling Industries
  • Engine & Turbine Manufacturing
  • Iron & Steel Manufacturing

  • Products & Services
  • Tractors
  • Agricultural and forestry machinery
  • Garden machinery
  • Parts
  • Chart: Agricultural & Forestry Machinery Manufacturing Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Farmers
  • Forestry and Logging firms
  • Households
  • Other
  • Hobby farmers
  • Chart: Major Market Segmentation for the Agricultural & Forestry Machinery Manufacturing Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Chart: Cost Structure Benchmarking – Sector vs Agricultural & Forestry Machinery Manufacturing

  • Basis of Competition
    Internal competitionExternal competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Agricultural & Forestry Machinery Manufacturing Industry

  • Industry Globalization
    CNH Industrial NV,
  • Table: CNH Industrial NV - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Agricultural & Forestry Machinery Manufacturing Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Agricultural & Forestry Machinery Manufacturing Industry
  • Industry Revenue (2010-2024)
  • Industry Gross Product (2010-2024)
  • Establishments (2010-2024)
  • Businesses (2010-2024)
  • Employment (2010-2024)
  • Exports (2010-2024)
  • Imports (2010-2024)
  • Wages (2010-2024)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
  • A device that removes thatch from lawns.
  • Threshing Machine
  • A farm machine for separating seeds or grain from the husks and straw.
  • Tiller
  • A piece of farm machinery used to break up hard and compact soil.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Agricultural & Forestry Machinery Manufacturing market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Agricultural & Forestry Machinery Manufacturing:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Agricultural & Forestry Machinery Manufacturing market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Agricultural & Forestry Machinery Manufacturing, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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