The sales of harvesting machinery in the US have experienced a fluctuating trend from 2013 to 2023. Starting strong in 2013, there was a visible drop in 2015 and 2016, followed by a gradual decline through 2023. The year 2023 recorded a value standing at 2.8972 Billion US Dollars, marking a year-on-year decline of 2.33%. Over the last two years (2022-2023), the sales continued to drop at similar rates. The 5-year CAGR leading up to 2023 shows an average annual decrease of 2.31%.

Future Trends:

Continued decrease in sales with a forecasted 5-year CAGR of -2.11% until 2028.
Overall reduction of around 10.1% in value by 2028.
Potential market shifts due to technological advancements, sustainability trends, and economic factors impacting agricultural investments.