The farm machinery and equipment sales in the US showed fluctuations with a peak in 2014 at $3.8686 billion, followed by a notable dip in 2015. From 2016 onward, the market saw a gradual recovery, with values consistently increasing year-on-year. The 2023 sales value stood at $3.0649 billion, a slight increase from the previous year. Year-on-year variations were moderate, trending between small percentage increases, indicating a rather stable market. Over the past five years, the compound annual growth rate (CAGR) averaged at 0.4%, suggesting minimal growth.

Future trends to watch for:

Technological advancements driving efficiency and automation in farm machinery.
Increased emphasis on sustainable and precision agriculture equipment.
Potential impacts of economic policies and subsidies on the agricultural sector.
Emerging market entrants and potential consolidation in the industry.