Market Research Logo

Central and South America Agricultural Machinery Market - Segmented by Geography - Growth, Trends, and Forecast (2018 - 2023)

Central and South America Agricultural Machinery Market - Segmented by Geography - Growth, Trends, and Forecast (2018 - 2023)

Farmers in Mexico, Argentina, and Brazil are accepting mechanization in their farms, and are supported by government subsidy programs, thereby increasing the demand for agricultural machinery, especially tractors, which is on the rise in the region. The area under harvest in the region is increasing and farmers have been able to generate more income as compared to previous years, and hence, they have higher dispensable incomes to invest on machinery and other agricultural inputs.

Brazilian Tractors Dominates the Market
 The use of tractors brought about an important change in the agricultural mechanization in the country. The introduction of tractors as a power source, provides the possibility of covering large agricultural areas in short periods of time. Due to the significant increase in row crops and horticultural crops, there is an increasing usage of tractors. In April 2017, Mahindra launched its high-power tractor platform, Mahindra JIVO, to target horticulture and row crop farmers.

The continuous decrease in import of tractors in Brazil had a significant impact on the market growth. In 2016, the revenue generated from the import of tractors was around USD 46.1 million, a decrease by 40.1% from 2015. The decrease in revenue generated was attributed to the increase in the price of agricultural commodities and the growth of Brazil’s large and prosperous domestic market for food and other agricultural products

Shrinking Agricultural Space Effects Agricultural Machinery Sales
Population has been growing fast, and the people have been occupying agricultural land to settle down. As the population continues to rise, the land resource shortage is expected to affect the farming activity. This can adversely affect the space available for tractor and machinery to enter farming. As land availability falls, farming activity is likely to see a crunch, regarding both available agriculture space and human resources willing to engage in farming. The unavailability/decrease of farming space can hamper the sale of agricultural machinery during the forecast period. Agriculture activity in many nations is expected to be affected by the growth in global population as farming activity falls due to lack of enough human resources and shrinking agricultural land.

Major Players: AGCO Corporation, CNH Industrial N.V, John Deere, Kubota Corporation, Mahindra and Mahindra Ltd. Claas, among others.

Reasons to Purchase this Report
To have an understanding of the fastest growing regions in the Central and South America agricultural machinery market and their growth trends  during the forecast period
The report outlines drives, restraints, and trends that are currently effecting the market
Analyzing various perspectives of the market with the help of Porter’s five forces analysis
The report covers in-detail insights about the competitors overview, company share analysis
Identify the latest developments, market shares, and strategies employed by the major market players
3-month analyst support
Customization of the Report
This report can be customized to meet your requirements. Please connect with our representative, who will ensure you to get a report that suits your needs


1. Introduction
1.1 Market Definition
1.2 Key Findings of the Study
2. Research Scope & Methodology
2.1 Study Deliverables
2.2 Study Assumptions
2.3 Research Methodology
2.4 Research Phases
3. Market Dynamics
3.1 Drivers
3.1.1 Expensive Manual Labor
3.1.2 Growth In Agriculture Industry
3.1.3 Changing Farm Trends
3.2 Restraints
3.2.1 High Cost of Investment
3.2.2 Unwillingness to Adopt Latest Technologies
3.3 Porter’s Five Forces Analysis
3.3.1 Bargaining Powers of Buyers
3.3.2 Bargaining Powers of Suppliers
3.3.3 Threat of New Entrants
3.3.4 Threat from Substitute products
3.3.5 Competition Rivalry
4. Market Segmentation by Region
4.1 Argentina
4.1.1 Tractors (By HP)
 4.1.1.1 Production Analysis
 4.1.1.2 Import Analysis (Volume and Value)
4.1.2 Planters
 4.1.2.1 Production Analysis
 4.1.2.2 Import Analysis (Volume and Value)
4.1.3 Air Seeder
 4.1.3.1 Production Analysis
 4.1.3.2 Import Analysis (Volume and Value)
4.1.4 Spreaders
 4.1.4.1 Production Analysis
 4.1.4.2 Import Analysis (Volume and Value)
4.1.5 Combine Harvester
 4.1.5.1 Production Analysis
 4.1.5.2 Import Analysis (Volume and Value)
4.1.6 Forager
 4.1.6.1 Production Analysis
 4.1.6.2 Import Analysis (Volume and Value)
4.2 Brazil
4.2.1 Tractors (By HP)
 4.2.1.1 Production Analysis
 4.2.1.2 Import Analysis (Volume and Value)
4.2.2 Planters
 4.2.2.1 Production Analysis
 4.2.2.2 Import Analysis (Volume and Value)
4.2.3 Air Seeder
 4.2.3.1 Production Analysis
 4.2.3.2 Import Analysis (Volume and Value)
4.2.4 Spreaders
 4.2.4.1 Production Analysis
 4.2.4.2 Import Analysis (Volume and Value)
4.2.5 Combine Harvester
 4.2.5.1 Production Analysis
 4.2.5.2 Import Analysis (Volume and Value)
4.2.6 Forager
 4.2.6.1 Production Analysis
 4.2.6.2 Import Analysis (Volume and Value)
4.3 Mexico
4.3.1 Tractors (By HP)
 4.3.1.1 Production Analysis
 4.3.1.2 Import Analysis (Volume and Value)
4.3.2 Planters
 4.3.2.1 Production Analysis
 4.3.2.2 Import Analysis (Volume and Value)
4.3.3 Air Seeder
 4.3.3.1 Production Analysis
 4.3.3.2 Import Analysis (Volume and Value)
4.3.4 Spreaders
 4.3.4.1 Production Analysis
 4.3.4.2 Import Analysis (Volume and Value)
4.3.5 Combine Harvester
 4.3.5.1 Production Analysis
 4.3.5.2 Import Analysis (Volume and Value)
4.3.6 Forager
 4.3.6.1 Production Analysis
 4.3.6.2 Import Analysis (Volume and Value)
5. Competitive Landscape
5.1 Most Adopted Strategies
5.2 Most Active Companies
5.3 Market Share Analysis
6. Company Profiles
6.1 AGCO Corporation
6.2 CNH Industrial N.V.
6.3 John Deere
6.4 Kubota Corporation
6.5 Mahindra and Mahindra Ltd.
6.6 Claas
6.7 Kuhn Group
6.8 Yanmar Co., Ltd.
6.9 Agrale S.A.
7. Future Outlook of the Market
8. Disclaimer

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook

Share this report