Jun 11, 2025
IndexBox has just published a new report: United Kingdom – Tractors – Market Analysis, Forecast, Size, Trends and Insights.
The UK tractor market is projected to reach 112K units and $6.1B in value by the end of 2035, with a forecasted CAGR of +1.6% in volume and +2.0% in value from 2024 to 2035.
Market Forecast
Driven by increasing demand for tractors in the UK, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of +1.6% for the period from 2024 to 2035, which is projected to bring the market volume to 112K units by the end of 2035.
In value terms, the market is forecast to increase with an anticipated CAGR of +2.0% for the period from 2024 to 2035, which is projected to bring the market value to $6.1B (in nominal wholesale prices) by the end of 2035.
ConsumptionUnited Kingdom’s Consumption of Tractors
After two years of decline, consumption of tractors increased by 1.6% to 95K units in 2024. Over the period under review, consumption recorded a mild increase. The most prominent rate of growth was recorded in 2017 with an increase of 6.5% against the previous year. Over the period under review, consumption reached the peak volume at 96K units in 2021; however, from 2022 to 2024, consumption stood at a somewhat lower figure.
The size of the tractor market in the UK shrank to $4.9B in 2024, dropping by -8.2% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers’ margins, which will be included in the final consumer price). Overall, the total consumption indicated a notable expansion from 2013 to 2024: its value increased at an average annual rate of +3.8% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, consumption increased by +92.6% against 2015 indices. Over the period under review, the market reached the peak level at $5.3B in 2023, and then contracted in the following year.
ProductionUnited Kingdom’s Production of Tractors
In 2024, approx. 78K units of tractors were produced in the UK; falling by -19.1% compared with 2023 figures. Overall, production showed a abrupt decline. The growth pace was the most rapid in 2021 with an increase of 146%. As a result, production reached the peak volume of 240K units. From 2022 to 2024, production growth failed to regain momentum.
In value terms, tractor production fell notably to $2.7B in 2024 estimated in export price. Over the period under review, production continues to indicate a deep downturn. The pace of growth was the most pronounced in 2016 when the production volume increased by 97% against the previous year. Over the period under review, production attained the peak level at $7B in 2021; however, from 2022 to 2024, production failed to regain momentum.
ImportsUnited Kingdom’s Imports of Tractors
In 2024, supplies from abroad of tractors decreased by -8.9% to 45K units, falling for the second consecutive year after three years of growth. Overall, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when imports increased by 57%. Over the period under review, imports attained the maximum at 60K units in 2015; however, from 2016 to 2024, imports remained at a lower figure.
In value terms, tractor imports shrank rapidly to $2.8B in 2024. Over the period under review, imports, however, enjoyed perceptible growth. The growth pace was the most rapid in 2022 with an increase of 43%. Imports peaked at $3.6B in 2023, and then reduced sharply in the following year.
Imports By Country
Germany (9.3K units), the United States (6.8K units) and the Netherlands (4.9K units) were the main suppliers of tractor imports to the UK, with a combined 43% share of total imports. France, Italy, China, Sweden, Belgium, Japan and Spain lagged somewhat behind, together comprising a further 40%.
From 2013 to 2023, the biggest increases were recorded for Sweden (with a CAGR of +9.4%), while purchases for the other leaders experienced more modest paces of growth.
In value terms, Germany ($1.1B) constituted the largest supplier of tractors to the UK, comprising 31% of total imports. The second position in the ranking was held by the Netherlands ($525M), with a 15% share of total imports. It was followed by France, with a 14% share.
From 2013 to 2023, the average annual rate of growth in terms of value from Germany stood at +10.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+6.2% per year) and France (+5.9% per year).
Imports By Type
Road tractors for semi-trailers (25K units), agricultural and forestry tractors (19K units) and pedestrian-controlled tractors (780 units) were the main products of tractor imports to the UK, with a combined 100% share of total imports.
From 2013 to 2024, the biggest increases were recorded for pedestrian-controlled tractors (with a CAGR of +16.7%), while purchases for the other products experienced mixed trend patterns.
In value terms, road tractors for semi-trailers ($1.7B), agricultural and forestry tractors ($1B) and crawler tractors ($36M) constituted the most imported types of tractors in the UK, together accounting for 100% of total imports. These products were followed by pedestrian-controlled tractors, which accounted for a further 0.2%.
Pedestrian-controlled tractors, with a CAGR of +14.0%, recorded the highest growth rate of the value of imports, among the main product categories over the period under review, while purchases for the other products experienced more modest paces of growth.
Import Prices By Type
The average tractor import price stood at $63 thousand per unit in 2024, declining by -14.2% against the previous year. In general, the import price, however, posted a notable increase. The most prominent rate of growth was recorded in 2019 an increase of 96% against the previous year. Over the period under review, average import prices hit record highs at $73 thousand per unit in 2023, and then shrank in the following year.
There were significant differences in the average prices amongst the major supplied products. In 2024, the product with the highest price was crawler tractors ($342 thousand per unit), while the price for pedestrian-controlled tractors ($5.7 thousand per unit) was amongst the lowest.
From 2013 to 2024, the most notable rate of growth in terms of prices was attained by agricultural and forestry tractor (+7.9%), while the prices for the other products experienced mixed trend patterns.
Import Prices By Country
The average tractor import price stood at $73 thousand per unit in 2023, growing by 33% against the previous year. In general, the import price continues to indicate a remarkable increase. The growth pace was the most rapid in 2019 when the average import price increased by 96% against the previous year. Over the period under review, average import prices reached the peak figure in 2023 and is expected to retain growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Sweden ($128 thousand per unit), while the price for China ($4.7 thousand per unit) was amongst the lowest.
From 2013 to 2023, the most notable rate of growth in terms of prices was attained by Spain (+42.4%), while the prices for the other major suppliers experienced more modest paces of growth.
ExportsUnited Kingdom’s Exports of Tractors
In 2024, approx. 27K units of tractors were exported from the UK; which is down by -46.9% against 2023 figures. Overall, exports recorded a abrupt contraction. The pace of growth appeared the most rapid in 2021 with an increase of 350% against the previous year. As a result, the exports reached the peak of 180K units. From 2022 to 2024, the growth of the exports remained at a somewhat lower figure.
In value terms, tractor exports fell rapidly to $1.6B in 2024. In general, exports continue to indicate a slight descent. The most prominent rate of growth was recorded in 2023 when exports increased by 22% against the previous year. As a result, the exports attained the peak of $2.2B, and then fell significantly in the following year.
Exports By Country
France (6.3K units), the United States (5.7K units) and Ireland (3.9K units) were the main destinations of tractor exports from the UK, together accounting for 31% of total exports. South Africa, Belgium, Tanzania, Australia, Poland, Thailand, the Netherlands, Germany, Spain and Italy lagged somewhat behind, together comprising a further 37%.
From 2013 to 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by South Africa (with a CAGR of +13.4%), while the other leaders experienced more modest paces of growth.
In value terms, the largest markets for tractor exported from the UK were the United States ($370M), Belgium ($263M) and France ($224M), with a combined 39% share of total exports. Australia, Ireland, South Africa, Germany, the Netherlands, Poland, Tanzania, Italy, Spain and Thailand lagged somewhat behind, together comprising a further 34%.
In terms of the main countries of destination, South Africa, with a CAGR of +15.3%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.
Exports By Type
Agricultural and forestry tractors (18K units) was the largest type of tractors exported from the UK, with a 64% share of total exports. Moreover, agricultural and forestry tractors exceeded the volume of the second product type, road tractors for semi-trailers (5.4K units), threefold. The third position in this ranking was held by pedestrian-controlled tractors (4.4K units), with a 16% share.
From 2013 to 2024, the average annual rate of growth in terms of the volume of agricultural and forestry tractors exports amounted to -15.8%. With regard to the other exported products, the following average annual rates of growth were recorded: road tractors for semi-trailers (-4.8% per year) and pedestrian-controlled tractors (-0.8% per year).
In value terms, agricultural and forestry tractors ($1.3B) remains the largest type of tractors exported from the UK, comprising 84% of total exports. The second position in the ranking was held by road tractors for semi-trailers ($227M), with a 14% share of total exports. It was followed by pedestrian-controlled tractors, with a 0.7% share.
From 2013 to 2024, the average annual growth rate of the value of agricultural and forestry tractors exports totaled -1.9%. With regard to the other exported products, the following average annual rates of growth were recorded: road tractors for semi-trailers (-1.4% per year) and pedestrian-controlled tractors (+3.8% per year).
Export Prices By Type
In 2024, the average tractor export price amounted to $58 thousand per unit, with an increase of 35% against the previous year. Overall, the export price posted buoyant growth. The most prominent rate of growth was recorded in 2022 an increase of 449%. The export price peaked in 2024 and is expected to retain growth in the immediate term.
There were significant differences in the average prices for the major types of exported product. In 2024, the product with the highest price was crawler tractors ($152 thousand per unit), while the average price for exports of pedestrian-controlled tractors ($2.6 thousand per unit) was amongst the lowest.
From 2013 to 2024, the most notable rate of growth in terms of prices was recorded for the following types: agricultural and forestry tractor (+16.6%), while the prices for the other products experienced more modest paces of growth.
Export Prices By Country
In 2023, the average tractor export price amounted to $43 thousand per unit, with a decrease of -8.4% against the previous year. In general, the export price, however, continues to indicate a remarkable increase. The pace of growth appeared the most rapid in 2022 an increase of 449% against the previous year. As a result, the export price reached the peak level of $47 thousand per unit, and then dropped in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Belgium ($78 thousand per unit), while the average price for exports to Thailand ($7.2 thousand per unit) was amongst the lowest.
From 2013 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+17.0%), while the prices for the other major destinations experienced more modest paces of growth.
Source: IndexBox Market Intelligence Platform