Agricultural and Forestry Machinery Market Analysis (2025-2034)

Tue, 18 Mar 2025 07:50:13 +0000

The agricultural and forestry machinery market size reached a value of around USD 147.93 billion in 2024. The market is expected to grow at a CAGR of 4% between 2025 and 2034, reaching a value of around USD 211.50 billion by 2034. This growth is driven by increasing mechanization in agriculture and forestry sectors, along with rising demand for high-efficiency equipment. The adoption of advanced technologies, such as precision agriculture and automation, is further fueling the expansion of the market. Additionally, growing concerns about food security and the need to enhance agricultural productivity are leading to increased investments in modern machinery. Governments and private stakeholders are recognizing the importance of advanced equipment in improving efficiency and reducing operational costs, further boosting market growth.