United Kingdom Tractor Registrations
Agricultural Tractor Registrations (>50hp): Monthly 2021-2023
|Year||Month||Units||Yearly % Change||Year to date||Yearly % Change||Moving Total||Yearly % Change
Source: AEA Economics Department/DVLA
Agricultural Tractors: Global supply chain disruptions continued to affect the agricultural machinery industry in 2022, for the third year in a row. These were primarily a knock-on effect of the Covid-19 pandemic but the war in Ukraine added to them in the latest year. As a result registrations may not accurately reflect the underlying demand in the market. That being said, registrations in 2022 were slightly lower than in 2021 but were in line with the average of recent years. Registrations were particularly strong in the first half of 2021, so a decline was always likely in 2022 and the 6% fall recorded meant registrations were still slightly above average. The number of machines reported in the second half of 2022 was almost unchanged from a year earlier, with some year-on-year growth in the final quarter of the year.
History: Tractor registrations in 2022 were 4% lower than than in 2021 but were close to the average size of the market in the previous five years. It is likely that registrations would have been higher still in both 2021 and 2022 were it not for the disruptions to supply chains. They meant that sales of tractors to customers have not kept pace with demand and there is still a backlog of orders waiting to be delivered in 2023. A small rise in the average power of machines registered during the year meant the total power of those tractors was only slightly lower than in 2021. The average power of 2022 registrations was exceeded only in 2020, when the market was disrupted due to Covid-19.
Regional: Registrations declined in 2022 across most English regions, except for the Home Counties (including London), Yorkshire and the Humber and West Midlands. The three regions with the highest number of registrations – the South West, East of England and North West – all recorded year-on-year declines between 2021 and 2022, though, while the sharpest fall was in the South East. Scotland and Wales also saw lower registrations in the latest year but there slightly more machines recorded in Northern Ireland than in the previous year.
UK Tractor Registrations: Market Share Analysis
Source: AEA Economics Department
|Company||Units||% of Total||Units||% of Total
of which: New Holland
of which: MF
of which: McCormick
N.B. Data includes Compact Tractors (<= 50 hp) and Agricultural tractors (> 50 hp)
Data released after one year delay.
UK Agricultural Tractor Registrations (> 50hp)
|Annual % Change||+16.4||+2.7||+0.4||-11.2||+12.6||-2.5
|Annual % Change||+2.4||+2.0||+0.1||+3.0||-2.7||+1.2