Market Size in 2024 | Market Forecast in 2034 | CAGR (in %) | Base Year |
---|---|---|---|
USD 203.00 Billion | USD 306.32 Billion | 4.2% | 2024 |
FrequentlyAsked Questions
The global agricultural & forestry machinery market is expected to grow due to the need for increased productivity, technological advancements, and rising demand for mechanized farming and sustainable forestry practices.
According to a study, the global agricultural & forestry machinery market size was worth around USD 203.00 Billion in 2024 and is expected to reach USD 306.32 Billion by 2034.
The global agricultural & forestry machinery market is expected to grow at a CAGR of 4.2% during the forecast period.
North America is expected to dominate the agricultural & forestry machinery market over the forecast period.
Leading players in the global agricultural & forestry machinery market include John Deere, Mahindra, AGCO, Agrostroj Pelhrimov, Concern Tractor Plants, Escorts Group, China National Machinery Industry, Valmont, Weifang Euroking Machinery, Same Deutz-Fahr, among others.
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