Agriculture equipment sales in North America amounted to ******* units in 2021. This represented an increase of about **** percent from the previous year. The number of sales is forecasted to increase over the coming years, reaching ******* units by 2028.

About *** million units of agriculture equipment were sold worldwide in 2021, with the Asia-Pacific region accounting for most of the sales that year. It is projected that the market will grow between 2022 and 2028, reaching a volume of over *** million units in 2028.

In 2020, agriculture equipment sales dominated the Indian market with a total of ******* units sold. The second largest market was China, who reported a total of ******* sales. By 2029, sales of agricultural equipment are forecasted to reach over *** million units.

The United States Agricultural Machinery Market Report is Segmented by Product Type (Tractors, Plowing and Cultivating Machinery, and More), and by Farm Size (Less Than 500 Acres, 500-2, 000 Acres, and More). The Market Forecasts are Provided in Terms of Value (USD).

The market is studied for the estimation period 2025 to 2035 with a market value of USD 128.2 Million in 2025 expected to reach the value USD 186.2 Million by 2035, growing at a CAGR of 3.8%. Data farm mechanization and automation in agriculture Moreover, government projects in emerging economies, such as subsidies, financial assistance, and training programs, are facilitating the uptake of modern agricultural equipment.

Metric	Value
Market Size (2025E)	USD 128.2 Million
Market Value (2035F)	USD 186.2 Million
CAGR (2025 to 2035)	3.8%

Country-Wise outlook

Country	CAGR (2025 to 2035)
USA	4.1%

Country	CAGR (2025 to 2035)
UK	3.6%

Country	CAGR (2025 to 2035)
European Union (EU)	3.9%

Country	CAGR (2025 to 2035)
Japan	3.7%

Country	CAGR (2025 to 2035)
South Korea	3.8%

Competitive Outlook

Company Name	Estimated Market Share (%)
Deere & Company (John Deere)	18-22%
CNH Industrial (Case IH, New Holland)	14-18%
AGCO Corporation (Fendt, Massey Ferguson, Challenger)	10-14%
Kubota Corporation	8-12%
CLAAS KGaA mbH	5-9%
Other Companies (combined)	40-50%

Snapshot img

Agriculture Equipment Market Size 2024-2028

The agriculture equipment market size is forecast to increase by USD 66.53 billion at a CAGR of 6.05% between 2023 and 2028.

The market is experiencing significant growth due to the increasing demand for labor-saving technologies as a result of the persistent labor shortage in the agricultural sector. This trend is driving the market as farmers seek to increase productivity and efficiency on their farms. Another key driver is the implementation of Artificial Intelligence (AI) in agriculture equipment, which is revolutionizing farming practices by enabling precision farming, automated crop monitoring, and real-time analysis of soil and weather conditions. Furthermore, the growing availability of rental agricultural equipment is providing farmers with flexible access to advanced technology and reducing the upfront costs of equipment ownership.
However, the market faces challenges such as high initial investment costs for advanced technology and the need for significant infrastructure upgrades to support the integration of AI in farming operations. Additionally, regulatory compliance and data security concerns pose challenges for market players, requiring them to invest in robust IT systems and adhere to strict data privacy regulations. Companies seeking to capitalize on market opportunities and navigate challenges effectively should focus on developing innovative solutions that address the specific needs of farmers, while also ensuring compliance with regulatory requirements and maintaining strong cybersecurity measures.

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The market continues to evolve, driven by advancements in technology and shifting farming practices. Commercial farms and small-scale operations alike embrace precision agriculture technology, integrating GPS guidance, variable rate application, and satellite imagery for optimized crop production. Organic farming practices gain traction, with the adoption of no-till farming and conservation tillage promoting soil health and sustainability. Remote sensing and agricultural robotics revolutionize land management, enabling real-time crop health monitoring and emissions reduction. Irrigation systems and crop science advancements contribute to increased farm efficiency and food security. The dealer network adapts to these changes, offering financing options and parts and service for the latest equipment.
Farm labor and agricultural finance remain crucial components, with farm management software streamlining operations and agricultural research driving innovation. Sustainable farming practices, including sustainable agriculture and sustainable farming practices, gain importance in the face of evolving regulations and consumer demand. Emissions reduction and fuel efficiency are key concerns, with the integration of machine learning and artificial intelligence in agricultural development. The ongoing unfolding of market activities reveals a dynamic industry that seamlessly integrates crop science, farm efficiency, and agricultural research to meet the needs of modern farming operations.

How is this Agriculture Equipment Industry segmented?

The agriculture equipment industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

Type

  Tractors
  Harvesters machinery
  Planting equipment
  Others


Product Type

  Manual
  Automatic
  Semi-automatic


Application

  Land Development
  Crop Cultivation
  Harvesting
  Post-Harvest Processing


End-User

  Large-Scale Farms
  Small and Medium Farms
  Agricultural Cooperatives


Geography

  North America

    US
    Canada


  Europe

    France
    Germany
    Italy
    UK


  Middle East and Africa

    Egypt
    KSA
    Oman
    UAE


  APAC

    China
    India
    Japan


  South America

    Argentina
    Brazil


  Rest of World (ROW)

By Type Insights

The tractors segment is estimated to witness significant growth during the forecast period.

The market is witnessing significant trends as farmers adopt advanced technologies to enhance crop health monitoring, comply with agricultural regulations, and improve weather forecasting for optimal land management. Small farms are increasingly adopting precision agriculture practices, including variable rate application, GPS guidance, satellite imagery, and conservation tillage, to boost farm efficiency and reduce emissions. Commercial farms are investing in large-scale equipment for planting, harvesting, and irrigation systems, while family farms focus on sustainable agriculture practices, such as organic farming and crop rotation, to maintain farmland values and promote food security.

Snapshot img

US Agricultural Machinery Market Size 2024-2028

The US agricultural machinery market size is forecast to increase by USD 10.17 billion at a CAGR of 6.37% between 2023 and 2028.

The agricultural machinery market in the US is witnessing significant growth due to the increasing adoption of advanced machinery. This trend is driven by the need for higher productivity and efficiency in farming operations. Moreover, the integration of data analytics and artificial intelligence (AI) in agricultural machinery is gaining momentum, enabling farmers to make data-driven decisions and optimize their yields. However, the high initial costs of purchasing and maintaining these advanced machines pose a challenge for small and medium-scale farmers.
Moreover, emission regulations, such as TREM Stage-IV, are also influencing the market, pushing manufacturers to develop machines that comply with these standards. The US government's Farm Service Agency's FAME scheme is further encouraging the adoption of bio-diesel and other alternative fuels, which are more environmentally friendly and reduce the carbon footprint of agricultural machinery. Companies like CNH Industrial and JFarm Service are at the forefront of this innovation, offering advanced machinery and services to help farmers optimize their operations and increase their profits.

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The agricultural machinery market in the United States is experiencing significant growth due to several factors. With a focus on enhancing food production to ensure security for the growing population and addressing labor shortages, large-scale farming operations are increasingly relying on mechanization. Arable land in the US is vast, making the efficient use of resources essential. Agricultural machinery plays a crucial role in maximizing productivity on these lands. Mechanization of agriculture has become a necessity for farmers to maintain competitiveness and reduce operational costs. The labor force in the agricultural sector is shrinking, leading to a higher demand for machinery that can perform multiple tasks. Pre-owned agriculture equipment is also gaining popularity due to its affordability and availability. The Inflation Reduction Act, a US legislation, is expected to boost the agriculture machinery market. The act includes provisions for incentives and subsidies for farmers to invest in modern agricultural equipment and technologies. Farmers are turning to rental services like MacAllister Rentals and Farmkart to access the latest machinery without the upfront costs.
Moreover, emission regulations, such as Tier 4, are driving the demand for advanced tractor models. The agriculture economy in the US is showing positive signs, with farmers investing in modern machinery to increase yields and reduce operational costs. Agriculture machinery and equipment are becoming essential components of modern farming operations. The US market for agriculture machinery is diverse, with key players like CNH Industrial, Kubota, and others offering a wide range of products. Farmers are increasingly adopting machinery to improve productivity, reduce labor requirements, and ensure optimal use of resources. In conclusion, the agricultural machinery market in the United States is witnessing steady growth due to factors such as the need for food security, labor shortages, and the availability of financing options. The market is expected to continue growing as farmers invest in modern machinery to enhance productivity and reduce operational costs.

How is this market segmented and which is the largest segment?

The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

Application

  Land development and seedbed preparation
  Sowing and planting
  Harvesting and threshing
  Others


Type

  Tractors
  Harvesting
  Haying machinery
  Planting and fertilizing machinery
  Plowing and cultivating machinery


Geography

  US

By Application Insights

The land development and seedbed preparation segment is estimated to witness significant growth during the forecast period.

In the United States, the agricultural sector has seen an expansion in farm sizes due to various factors, including economies of scale and consolidation among farmers. To effectively manage larger acreages, farmers rely on advanced agricultural equipment for land development and seedbed preparation. The agriculture industry is continuously striving to enhance yields and optimize land utilization. Agricultural machinery is a vital component in the preparation of land for intensive farming practices, such as precision agriculture, high-density planting, and controlled-environment cultivation.

Moreover, innovations in ag

Graph and download economic data for Producer Price Index by Industry: Farm Machinery and Equipment Manufacturing: Parts for Farm Machinery, for Sale Separately (PCU333111333111C) from Dec 1982 to Sep 2025 about parts, agriculture, machinery, equipment, manufacturing, PPI, industry, inflation, price index, indexes, price, and USA.

The Canada Agricultural Machinery Market Report is Segmented by Product Type (Tractors, Plowing and Cultivating Machinery, Planting Machinery, Sprayers, Irrigation Machinery, Harvesting Machinery, Haying and Forage Machinery, and Other Types). The Market Forecasts are Provided in Terms of Value (USD).

Snapshot img

Farm Equipment Market Size 2024-2028

The farm equipment market size is valued to increase by USD 41.12 billion, at a CAGR of 5.47% from 2023 to 2028. Increasing adoption of precision farming technologies will drive the farm equipment market.

Major Market Trends & Insights

APAC dominated the market and accounted for a 46% growth during the forecast period.
By Type - Manual segment was valued at USD 53.34 billion in 2022
By Product - Implement segment accounted for the largest market revenue share in 2022

Market Size & Forecast

Market Opportunities: USD 50.44 billion
Market Future Opportunities: USD 41.12 billion
CAGR from 2023 to 2028 : 5.47%

Market Summary

The market is experiencing significant growth due to the increasing adoption of advanced technologies such as precision farming. This trend is driven by the need for higher operational efficiency, improved crop yields, and reduced environmental impact. One area of particular growth is the adoption of small tractors by small and private farm owners, including those in the agriculture sectors of vineyards and orchards. While the initial investment in acquiring farm equipment can be substantial, the long-term benefits include increased productivity, reduced labor costs, and improved compliance with regulations. For instance, a farm in the Midwest United States implemented a supply chain optimization strategy by investing in automated farm equipment.
This investment led to a 15% reduction in equipment downtime, translating to an annual cost savings of over USD50,000. The implementation of this technology also improved compliance with regulations related to food safety and labor laws, ensuring the farm's continued eligibility for lucrative contracts with major food retailers. As the agricultural industry continues to evolve, the adoption of advanced farm equipment will remain a key driver of growth and competitiveness.

What will be the Size of the Farm Equipment Market during the forecast period?

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How is the Farm Equipment Market Segmented ?

The farm equipment industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

Type

  Manual
  Semi automatic
  Automatic


Product

  Implement
  Combines
  Sprayer
  Baler


Geography

  North America

    US


  Europe

    France


  APAC

    Australia
    China


  South America

    Brazil


  Rest of World (ROW)

By Type Insights

The manual segment is estimated to witness significant growth during the forecast period.

The market encompasses a broad spectrum of technologies and tools, with agricultural mechanization at its core. Precision agriculture, fueled by smart farming sensors, agricultural drones, and weather forecasting models, is revolutionizing modern farming practices. GPS-guided machinery, harvesting equipment, autonomous tractors, and precision spraying technology are transforming farm operations, enhancing efficiency and reducing machinery downtime. Sustainable farming practices, such as irrigation systems and soil moisture sensors, promote optimal crop health and yield. Farm automation systems, crop management software, yield monitoring systems, and field mapping software facilitate data acquisition and sensor data integration. Agricultural robotics and livestock management systems streamline farm processes, while equipment utilization metrics and machinery maintenance scheduling optimize resource allocation.

Water resource management and fuel efficiency analysis contribute to sustainable farming strategies. Remote sensing technology and data analytics platforms enable variable rate technology and soil nutrient analysis, further boosting farm productivity. Despite the advancements in farm equipment technology, the manual segment remains critical, particularly in regions with low mechanized equipment penetration. Manual tools, such as hand plows, scythes, sickles, and manual seeders, are essential for small-scale farmers due to their affordability, ease of use, and adaptability.

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The Manual segment was valued at USD 53.34 billion in 2018 and showed a gradual increase during the forecast period.

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Regional Analysis

APAC is estimated to contribute 46% to the growth of the global market during the forecast period.Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

See How Farm Equipment Market Demand is Rising in APAC Request Free Sample

In the Asia-Pacific region, the markets experience significant growth due to increasing government initiatives supporting sustainable agricultural practices. India is among

Agriculture equipment sales in Europe amounted to ******* units in 2020. This represented an increase of about four percent from the previous year. The number of sales is forecasted to decrease over the coming years, reaching ******* units by 2029.

Snapshot img

Agricultural Machinery Market Size 2025-2029

The agricultural machinery market size is forecast to increase by USD 50 billion, at a CAGR of 5.5% between 2024 and 2029.

The market is experiencing significant growth, driven by various factors. Notably, government subsidies aimed at promoting the agricultural sector have fueled the demand for advanced machinery. Farmers are increasingly investing in modern agricultural equipment to enhance productivity and efficiency. Another key trend is the rising popularity of small tractors, which cater to the needs of small and medium-sized farms. This segment is witnessing robust growth due to its affordability and versatility. However, the market also faces several challenges. One major obstacle is the high initial investment required for purchasing agricultural machinery. This can limit the adoption of advanced technology among small-scale farmers. Additionally, the lack of skilled labor and maintenance facilities in rural areas can hinder the effective use and longevity of these machines. Companies seeking to capitalize on market opportunities must address these challenges by offering flexible financing options, training programs for farmers, and establishing robust after-sales support networks. By doing so, they can effectively navigate the complexities of the market and secure a competitive edge.

What will be the Size of the Agricultural Machinery Market during the forecast period?

Explore in-depth regional segment analysis with market size data - historical 2019-2023 and forecasts 2025-2029 - in the full report.
Request Free SampleThe market continues to evolve, driven by advancements in technology and shifting market dynamics. Soil sensors and precision farming techniques are revolutionizing crop management, providing real-time data for optimized irrigation and nutrient application. Baling presses and grain storage solutions are adapting to meet emission standards, ensuring sustainable agricultural practices. Attachment compatibility and service networks are becoming increasingly important for seamless integration of various machinery components. Variable rate technology and material sourcing are streamlining farming operations, while irrigation systems and precision farming methods are enhancing crop yields. Manufacturing processes are leveraging machine learning and AI to improve efficiency and reduce operating costs. The market's unfolding patterns are also influencing financing options and farm management software, enabling farmers to make data-driven decisions. Fuel efficiency and engine power are key considerations for machinery selection, as is data security and maintenance cost. Agricultural drones and GPS guidance are transforming remote sensing and field monitoring, while safety features and hydraulic systems are ensuring operator comfort and machine reliability. The ongoing evolution of agricultural machinery is shaping the industry, with continuous innovation in power transmission, dealer support, and parts distribution.

How is this Agricultural Machinery Industry segmented?

The agricultural machinery industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments. TypeTractorsHarvesting machineryHaying machineryPlanting and fertilizing machineryPlowing and cultivating machineryApplicationLand development and seedbed preparationSowing and plantingHarvesting and threshingOthersGeographyNorth AmericaUSCanadaEuropeFranceGermanyUKAPACAustraliaChinaIndiaJapanSouth KoreaRest of World (ROW)

By Type Insights

The tractors segment is estimated to witness significant growth during the forecast period.The market encompasses a range of equipment essential for modern farming operations. Forage harvesters, seed drills, and grain dryers are among the key machinery types. Smart farming practices, such as precision seeding, yield monitoring, and variable rate technology, are increasingly adopted to optimize crop production. Aftermarket parts and dealer support ensure the longevity of machinery, while remote sensing and connected agriculture enable real-time monitoring and data analytics. Power transmission systems, engine technology, and fuel efficiency are critical factors influencing machinery performance and operating costs. Financing options and farm management software facilitate equipment acquisition and streamline operations. Emission standards and safety features are crucial considerations for manufacturers. Soil sensors, irrigation systems, and material sourcing are integral to optimizing farm productivity. Manufacturing processes, parts distribution, and service networks ensure efficient machinery production and maintenance. Machine learning and AI in agriculture enhance productivity and reduce labor requirements. Fuel efficiency, operating cos

Market Size statistics on the Tractors & Agricultural Machinery Manufacturing industry in the US

Snapshot img

UK Agricultural Machinery Market Size 2024-2028

The UK agricultural machinery market size is estimated to grow by USD 491.4 million at a CAGR of 3.14% between 2023 and 2028. The market's expansion hinges on several factors, including the increasing popularity of agriculture machinery rentals, the acquisition of local players by global companies, and the integration of AI in agricultural machinery. These elements collectively drive the market's growth, reflecting a shift towards more flexible and cost-effective solutions in the agriculture sector. Moreover, the trend of agriculture machinery rentals allows farmers to access advanced equipment without the burden of ownership, fostering efficiency and productivity. Additionally, strategic acquisitions by global companies enhance their market presence and offerings, while the integration of AI technology brings advanced capabilities to agricultural machinery, further optimizing operations and driving market growth. It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2018 to 2022.

What will be the Size of the Market During the Forecast Period?

Market Forecast 2024-2028

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Market Segmentation

By Application

The land development and seedbed preparation segment is estimated to witness significant growth during the forecast period. One of the crucial steps in agricultural practices includes land development and seedbed preparation. The main process involved in land development and seedbed preparation includes preparing the soil to create an optimal environment for seed germination, root development, and plant growth.

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The land development and seedbed preparation segment was the largest segment and was valued at USD 1.19 billion in 2018. There is a rising demand to meet the growing food demands of the global population. Some of the applications of these types include clearing vegetation, leveling land, and preparing the soil for planting. Agricultural machinery, such as tractors equipped with various implements, such as plows, harrows, and cultivators, are crucial for seedbed preparation. hence, such applications are expected to drive the growth of this segment which in turn will drive the market during the forecast period.

By Type

Based on type, the segment is classified into tractors, harvesting machinery, haying machinery, and planting and fertilizing. Tractors are one of the essential equipment in the agricultural sector which helps the farmers with various tasks such as plowing, tilling, planting, harvesting, and general farm maintenance. One of the key factors that drive the demand for tractors is the need for efficient and mechanized farming operations. Additionally, there is a growing adoption of precision farming techniques and using advanced products among farmers in the UK to improve productivity and efficiency. Some of the advanced features in tractors include GPS guidance, telematics, and precision applications, which enable precise operations, reduce input wastage, and optimize yields, which in turn will drive the growth of this segment during the forecast period.

Market Dynamics

The market is experiencing significant growth with the introduction of automated agricultural equipment. Companies like AGCO Corporation and John Deere are leading the market with innovative solutions. The market also sees the emergence of new players like GUSS Automation and Electric GUSS, offering advanced technologies to address challenges such as labor shortage and cost-cutting. These technologies include both automatic and semi-automatic equipment that help improve crop yield while reducing reliance on human labor. Events like the Commodity Classic trade show showcase the latest advancements in agricultural mechanization, further driving the adoption of modern tractors and farm equipment. Our researchers studied the data for years, with 2022 as the base year and 2023 as the estimated year, and presented the key drivers, trends, and challenges for the market.

Key Market Driver

One of the key factors driving the market growth is the growing popularity of agriculture machinery rentals. Due to the emergence of several technologies, there is a rapid evolution in the features of certain agricultural machinery. In the UK, leasing has become a cost-effective solution for farmers with limited capital, as it offers farmers access and use of the latest high-tech without a significant investment.

Some of the key advantages of renting include improved efficiency, precision, and productivity offered by modern equipment. it also eliminates the initial costs of purchasing machinery, reduces maintenance and repair expenses, and avoids depreciation costs. Furthermore, renting offers flexibility for farmers in terms of equipment se

The Asia-Pacific Agricultural Machinery Report is Segmented by Product Type (Tractors by Horsepower and Type, Plowing and Cultivating Machinery, Planting Machinery, Harvesting Machinery, Haying and Forage Machinery, Irrigation Machinery, and Other Types) and Geography (China, India, Japan, Australia, and Rest of Asia-Pacific). The Market Forecasts are Provided in Terms of Value (USD).

Census of Agriculture, 2021. Value of farm machinery and equipment, detailed.

The United Kingdom Agricultural Machinery Market Report is Segmented by Machinery Type (Tractor, Equipment, Irrigation Machinery, Harvesting Machinery, Haying and Forage Machinery, and Other Machinery Types). The Market Forecasts are Provided in Terms of Value (USD).

Graph and download economic data for Manufacturers' Total Inventories: Farm Machinery and Equipment Manufacturing (A33ATI) from Jan 1992 to Aug 2025 about inventories, agriculture, machinery, durable goods, goods, manufacturing, industry, and USA.

The global agriculture machinery market is experiencing robust growth, driven by increasing food demand, technological advancements, and the rising adoption of precision farming techniques. The market, valued at approximately $180 billion in 2025, is projected to exhibit a Compound Annual Growth Rate (CAGR) of 5.5% from 2025 to 2033. This growth is fueled by several key factors. Firstly, the global population is continuously expanding, necessitating increased food production, creating a significant demand for efficient and technologically advanced agricultural machinery. Secondly, the integration of precision farming technologies such as GPS-guided tractors, automated harvesting systems, and sensor-based data analytics is enhancing efficiency and productivity in agriculture, leading to higher adoption rates. Furthermore, government initiatives aimed at promoting agricultural modernization and supporting farmers with advanced equipment are further accelerating market growth. The market segments are diverse, with wheel drive tractors, crawler tractors, harvesters, and sprayers representing major components. Application-wise, plowing, sowing, fertilizing, and harvesting & threshing dominate the market, reflecting the core needs of modern agricultural practices. Major players such as John Deere, CNH Industrial, Kubota, and AGCO are leading the market innovation, focusing on developing technologically advanced, fuel-efficient, and sustainable machinery. However, high initial investment costs, fluctuating raw material prices, and the dependence on favorable weather conditions pose challenges to the market's continued expansion. Regional variations are also significant, with North America and Europe currently holding substantial market shares, while the Asia-Pacific region is projected to witness significant growth driven by expanding agricultural lands and rising farmer incomes in countries like India and China. The competition within the market is intense, with both established multinational corporations and regional manufacturers vying for market share. This competitive landscape is likely to drive further innovation and price optimization in the coming years. This in-depth report provides a comprehensive analysis of the global agriculture machinery market, valued at $250 billion in 2023 and projected to reach $350 billion by 2030. It delves into market segmentation, key players, emerging trends, and future growth opportunities, providing crucial insights for investors, manufacturers, and industry stakeholders. The report utilizes rigorous data analysis and expert forecasting to deliver actionable intelligence on this dynamic sector. Keywords: agricultural machinery market, farm equipment, tractor market, harvesting equipment, precision agriculture, agricultural technology, smart farming, agricultural automation.

Graph and download economic data for Producer Price Index by Commodity: Special Indexes: Agricultural Machinery, Including Tractors (WPUSI024011) from Jan 1967 to Aug 2025 about agriculture, machinery, commodities, PPI, inflation, price index, indexes, price, and USA.