Agriculture Equipment Market Size Straits Research, a leading provider of business intelligence, analytics, and advisory services, has released its latest report on the global agriculture equipment market. The report highlights steady market expansion fueled by increasing farm mechanization, rising global food demand, and rapid technological advancements in precision agriculture. According to StraitsResearch, the  global agriculture equipment market size  was valued at USD 179.88 billion in 2024 and is estimated to reach USD 281.46 billion by 2033, growing at a CAGR of 5.1% during 2025-2033. Drivers in the Agriculture Equipment Market The agriculture equipment market is primarily driven by the increasing need for higher agricultural productivity to meet the demands of a growing global population. With shrinking arable land and rising pressure on food supply chains, farmers are increasingly adopting advanced machinery to enhance efficiency and yield. Mechanizatio...