Industry Analysis & Industry Trends
The industry is dominated by large foreign-owned companies, only a few of which have manufacturing operations in the United Kingdom. International trade significantly influences industry performance, however both exports and imports are inflated by re-exports. Industry revenue is estimated to increase at a compound annual rate of 2.1% over the five years through 2016-17. Domestic demand increased over the past five years and supported revenue growth. The increase in domestic demand was primarily due to higher capital spending in the agricultural sector. Demand from forestry and logging firms also improved domestic demand. Rising real incomes and the upturn in the housing market over the past five-year period promoted demand for garden machinery... purchase to read more
Industry Report - Starting a New Business Chapter
There are moderate barriers to entering the industry. Barriers to entry are higher in higher-value product segments, such as tractors and harvesters and in other power equipment segments such as lawnmowers. Barriers are lower in lower value segments, such as seeding and tillage equipment.
Establishing manufacturing facilities is costly and requires significant financial resources, which may not be available to smaller firms, limiting their ability to enter the industry. There is a significant level of technical expertise required to manufacture agricultural machinery. Opportunities in growth markets exist but access to intellectual property and capital investment can be barriers to entry for new firms.
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