Global Agricultural & Forestry Machinery Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Machinery Type;

Agricultural Machines - Combine & Forage Harvesters, Field Sprayers, Tractors, Soil Cultivating Equipment, Milking & Poultry Machines, Haymaking Machines and Others, Forestry Machines - Harvesters, Forwarders, Swing Machines, Skidders, Bunchers, Loaders and Others.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn045150319 Published Date: March, 2025 Updated Date: April, 2025

Introduction

Global Agricultural & Forestry Machinery Market (USD Million), 2021 - 2031

In the year 2024, the Global Agricultural & Forestry Machinery Market was valued at USD 244,651.06 million. The size of this market is expected to increase to USD 424,754.45 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 8.2%.

The global agricultural and forestry machinery market stands at the intersection of technological innovation, sustainable practices, and the ever-evolving needs of the agricultural and forestry sectors worldwide. This dynamic market encompasses a diverse range of machinery and equipment designed to enhance productivity, efficiency, and sustainability in farming, forestry management, and related industries.

Agricultural machinery plays a crucial role in modernizing agricultural practices, from tractors and harvesters to irrigation systems and precision agriculture technologies. These innovations enable farmers to optimize crop yields, reduce labor costs, and mitigate environmental impacts through precise application of inputs such as fertilizers and pesticides.

Forestry machinery, on the other hand, supports sustainable forest management and timber harvesting operations. Equipment such as chainsaws, harvesters, and forwarders streamline the extraction and processing of timber while promoting reforestation efforts and biodiversity conservation.

The market is driven by ongoing advancements in automation, digitalization, and precision farming technologies, which are transforming traditional agricultural and forestry practices. These technologies include GPS-guided machinery, remote sensing tools, and data analytics platforms that enable real-time monitoring, decision support, and predictive modeling for improved resource management.

The global agricultural and forestry machinery market is shaped by factors such as increasing global population, changing dietary preferences, and environmental sustainability goals. These dynamics underscore the need for innovative solutions that enhance productivity while minimizing environmental impact and resource depletion.

As stakeholders across the agricultural and forestry sectors continue to prioritize efficiency, sustainability, and resilience, the market for agricultural and forestry machinery is poised for continued growth and evolution. This introduction sets the stage for exploring the diverse segments, technological trends, and market dynamics that drive innovation and advancement in this critical sector of the global economy.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Machinery Type
    2. Market Snapshot, By Region
  4. Global Agricultural & Forestry Machinery Market Trends
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Increasing global food demand
        2. Precision agriculture
        3. Sustainable farming practices
      2. Restraints
        1. High initial costs
        2. Dependence on weather conditions
        3. Environmental regulations
      3. Opportunities
        1. Growing adoption of precision agriculture
        2. Expansion in emerging markets
        3. Development of autonomous machinery
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry

  5. Market Segmentation
    1. Global Agricultural & Forestry Machinery Market, By Machinery Type, 2021 - 2031 (USD Million)
      1. Agricultural Machines
        1. Combine & Forage Harvesters
        2. Field Sprayers
        3. Tractors
        4. Soil Cultivating Equipment
        5. Milking & Poultry Machines
        6. Haymaking Machines
        7. Others
      2. Forestry Machines
        1. Harvesters
        2. Forwarders
        3. Swing Machines
        4. Skidders
        5. Bunchers
        6. Loaders
        7. Others
    2. Global Agricultural & Forestry Machinery Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia/New Zealand
        5. South Korea
        6. ASEAN
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Deere & Company
      2. AGCO Corporation
      3. Komatsu Ltd.
      4. Caterpillar Inc.
      5. Alamo Group, Inc.
      6. Mahindra & Mahindra Ltd.
      7. J C Bamford Excavators Ltd.
      8. Kesla Oyj
      9. Ponsse Oyj
      10. Kubota Corporation
  7. Analyst Views
  8. Future Outlook of the Market