South America Agricultural Machinery Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The report covers South America Agricultural Equipment Manufacturers and the Market has been Segmented on the Basis of the Product Type (Tractors, Plowing and Cultivating Machinery, Planting and Fertilizing Machinery, Harvesting Machinery, Haying and Forage Machinery, Irrigation Machinery, Parts and Attachments, and Other Product Types) and Geography (Brazil, Argentina and Rest of South America).

South America Agricultural Machinery Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

South America Agricultural Machinery Market Size

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Agricultural Machinery
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
Market Size (2024) USD 34.21 Billion
Market Size (2029) USD 43.03 Billion
CAGR (2024 - 2029) 4.70 %

Major Players

South America Agricultural Machinery Market Major Players

*Disclaimer: Major Players sorted in no particular order

Compare market size and growth of South America Agricultural Machinery Market with other markets in Agriculture Industry

Seeds

Crop Protection

Fertilizers

Agricultural Commodities

Agriculture Services

Agricultural Machinery and Technology

South America Agricultural Machinery Market Analysis

The South America Agricultural Machinery Market size is estimated at USD 34.21 billion in 2024, and is expected to reach USD 43.03 billion by 2029, growing at a CAGR of 4.70% during the forecast period (2024-2029).

The agricultural machinery industry has products to offer at every stage of the crop cycle. Machines that combine scarification, fertilization, and seeding are popular in South America. The plow, mineral fertilizer applicator, combine harvester, and grain thresher are also in great demand, although only by relatively fewer, affluent farmers in the region.

Tractors and combine harvesters remain the most popular implements, with a well-developed ecosystem of manufacturing and sales by several regional and local manufacturers. Apart from increasing efficiency, mechanization in agriculture is driven by the increasing precision agricultural practices in the region.

South America Agricultural Machinery Industry Overview

The industry is dominated mainly by the local machinery manufacturing industries, and Brazil is the sixth-largest exporter of machinery units. Major key players in the market are Deere & Company, Buhler Industries Inc., Mahindra & Mahindra Ltd. Escorts Limited, AGCO Corporation, and TAFE.

South America Agricultural Machinery Market Leaders

  1. Deere & Company

  2. TAFE

  3. Buhler Industries Inc.

  4. Escorts Limited

  5. Mahindra & Mahindra Ltd.

  6. *Disclaimer: Major Players sorted in no particular order
MC SA machineries.jpg
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South America Agricultural Machinery Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Assumptions & Market Definition
  • 1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET DYNAMICS

  • 4.1 Market Overview
  • 4.2 Market Drivers
  • 4.3 Market Restraints
  • 4.4 Porter's Five Forces Analysis
    • 4.4.1 Threat of New Entrants
    • 4.4.2 Bargaining Power of Buyers/Consumers
    • 4.4.3 Bargaining Power of Suppliers
    • 4.4.4 Threat of Substitute Products
    • 4.4.5 Intensity of Competitive Rivalry

5. MARKET SEGMENTATION

  • 5.1 By Product Type
    • 5.1.1 Tractors
    • 5.1.2 Plowing and Cultivating Machinery
    • 5.1.3 Planting and Fertilizing Machinery
    • 5.1.4 Harvesting Machinery
    • 5.1.5 Haying and Forage Machinery
    • 5.1.6 Irrigation Machineries
    • 5.1.7 Parts and Attachments
    • 5.1.8 Other Product Types
  • 5.2 By Geography
    • 5.2.1 Brazil
    • 5.2.2 Argentina
    • 5.2.3 Rest of South America

6. COMPETITIVE LANDSCAPE

  • 6.1 Most Adopted Strategies
  • 6.2 Market Share Analysis
  • 6.3 Company Profiles
    • 6.3.1 Buhler Industries Inc
    • 6.3.2 Escorts Limited
    • 6.3.3 AGCO Corporation
    • 6.3.4 Mahindra & Mahindra Ltd
    • 6.3.5 Kubota Agricultural Machinery
    • 6.3.6 Deere & Company
    • 6.3.7 Kverneland AS
    • 6.3.8 CNH Industrial N.V
    • 6.3.9 Kuhn Group
    • 6.3.10 Escorts Group
    • 6.3.11 New Holland Agriculture
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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South America Agricultural Machinery Industry Segmentation

South America's agricultural machinery market analyses the growth of all agricultural machinery, trends in agricultural machinery, and types of machinery. The market has been segmented on the basis of the type of agricultural machinery and geography into Brazil, Argentina, and the Rest of South America. By product type, the market is segmented into tractors, plowing and cultivating machinery, planting and fertilizing machinery, harvesting machinery, haying and forage machinery, irrigation machinery, parts and attachments, and others.

By Product Type Tractors
Plowing and Cultivating Machinery
Planting and Fertilizing Machinery
Harvesting Machinery
Haying and Forage Machinery
Irrigation Machineries
Parts and Attachments
Other Product Types
By Geography Brazil
Argentina
Rest of South America
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South America Agricultural Machinery Market Research FAQs

How big is the South America Agricultural Machinery Market?

The South America Agricultural Machinery Market size is expected to reach USD 34.21 billion in 2024 and grow at a CAGR of 4.70% to reach USD 43.03 billion by 2029.

What is the current South America Agricultural Machinery Market size?

In 2024, the South America Agricultural Machinery Market size is expected to reach USD 34.21 billion.

Who are the key players in South America Agricultural Machinery Market?

Deere & Company, TAFE, Buhler Industries Inc., Escorts Limited and Mahindra & Mahindra Ltd. are the major companies operating in the South America Agricultural Machinery Market.

What years does this South America Agricultural Machinery Market cover, and what was the market size in 2023?

In 2023, the South America Agricultural Machinery Market size was estimated at USD 32.67 billion. The report covers the South America Agricultural Machinery Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the South America Agricultural Machinery Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

South America Agricultural Machinery Parts Industry Report

Statistics for the 2024 South America Agricultural Machinery Parts market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. South America Agricultural Machinery Parts analysis includes a market forecast outlook 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.