The global agricultural machinery market is projected to grow from $193 billion in 2026 to $280.6 billion in 2032, according to a Mordor Intelligence report. The forecast identifies automation and equipment modernization as central drivers of growth.

The projected increase of $87.6 billion points to a growing market for machinery associated with more efficient and intelligent farming. For equipment manufacturers and suppliers, the forecast also places attention on how demand for automated and modernized machinery may develop over the period.

The figures are projections, not a record of sales already achieved. The eventual market outcome will depend in part on the pace at which automation and equipment modernization translate into machinery purchases.