Agriculture Equipment Market Size

Agriculture Equipment Market size was valued at USD 170.84 Billion in 2024 and is set to cross USD 342.67 Billion by the end of 2037, registering more than 5.5% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of agriculture equipment is evaluated at USD 178.36 Billion.

The agriculture equipment market expansion is anticipated by the slated growth in the demand for better management of crops to improve the quality and quantity of food as there is a high demand for food worldwide. According to a 2023 published report by the Organization for Economic Co-Operation and Development (OECD), it is estimated that agricultural commodities would gain a growth share of about 1.3% per year for the next 10 years.