According to a report from Research and Markets, the U.S. agricultural machinery market will grow at a CAGR of 5.17% from 2017 to 2021.

Agricultural machinery is used to optimize and add precision to agriculture practices at a large scale. The agricultural machinery market in the U.S. is comprised of machinery and equipment used for performing agriculture practices. The global agricultural machinery market is expected to grow significantly during the forecast period.

The major reason for this growth is dependence on agricultural land and farm output. Global agricultural production is expected to increase along with demand. However, production has slowed down in different phases in recent years due to a huge fluctuation in the price of raw materials used for manufacturing agricultural machinery. Furthermore, the decline in prices of commodities has hampered the growth of the market.