South America Agricultural Machinery Market Size (2024 - 2029)

The South America Agricultural Machinery Market is projected to experience growth over the forecast period, driven by the demand for machinery that supports various stages of the crop cycle. Key products such as tractors and combine harvesters are particularly popular, supported by a robust manufacturing and sales ecosystem. The market's expansion is further fueled by the adoption of precision agricultural practices, which enhance efficiency and productivity in the region's agriculture sector.

Home Market Analysis Agriculture Research Agricultural Machinery and Technology Research Agriculture Equipment Research South America Agricultural Machinery Market Market Size

Market Size of South America Agricultural Machinery Industry

Agricultural Machinery
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
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

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 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
Need A Different Region Or Segment?
Customize Now

South America Agricultural Machinery Market Size Summary

The South America Agricultural Machinery Market is poised for significant growth, driven by the increasing adoption of mechanization in agriculture. This sector offers a wide range of products that cater to every stage of the crop cycle, with a notable demand for machines that integrate scarification, fertilization, and seeding processes. Tractors and combine harvesters are particularly popular, supported by a robust ecosystem of regional and local manufacturers. The shift from traditional tools to advanced machinery is fueled by the need for enhanced capacity, timely farm operations, and efficient input utilization. This transition is evident in the growing awareness among farmers, especially in marginal and smallholding categories, about the benefits of mechanization.

The introduction of tractors has been a game-changer in agricultural mechanization, enabling farmers to cover large areas efficiently and reducing the reliance on manual labor for plowing and harvesting. The increase in row and horticultural crops has further boosted tractor usage, with a significant portion of farmers owning substantial land areas. The co-dependency of tractors and various agricultural machines has led to a consistent rise in tractor purchases. The market is predominantly led by local manufacturing industries, with Brazil standing out as a major exporter of machinery units. Key players in this market include Deere & Company, Buhler Industries Inc., Mahindra & Mahindra Ltd., Escorts Limited, AGCO Corporation, and TAFE, all contributing to the dynamic landscape of agricultural machinery in South America.

Explore More

South America Agricultural Machinery Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Overview

    2. 1.2 Market Drivers

    3. 1.3 Market Restraints

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Threat of New Entrants

      2. 1.4.2 Bargaining Power of Buyers/Consumers

      3. 1.4.3 Bargaining Power of Suppliers

      4. 1.4.4 Threat of Substitute Products

      5. 1.4.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION

    1. 2.1 By Product Type

      1. 2.1.1 Tractors

      2. 2.1.2 Plowing and Cultivating Machinery

      3. 2.1.3 Planting and Fertilizing Machinery

      4. 2.1.4 Harvesting Machinery

      5. 2.1.5 Haying and Forage Machinery

      6. 2.1.6 Irrigation Machineries

      7. 2.1.7 Parts and Attachments

      8. 2.1.8 Other Product Types

    2. 2.2 By Geography

      1. 2.2.1 Brazil

      2. 2.2.2 Argentina

      3. 2.2.3 Rest of South America

South America Agricultural Machinery Market Size FAQs

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.

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

South America Agricultural Machinery Parts Market Report Snapshots

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