Please Wait.....
Report
Argentina Agricultural Machinery - Market Share Analysis, Industry Trends & Statistics, Growth Forecasts 2019 - 2029
Market Report I 2024-02-17 I 100 Pages I Mordor Intelligence
The Argentina Agricultural Machinery Market size is estimated at USD 1.33 billion in 2024, and is expected to reach USD 1.77 billion by 2029, growing at a CAGR of 5.80% during the forecast period (2024-2029).
Key Highlights
-Argentina has a long-established local industry of manufacturing farm machinery and implements with approximately 730 companies and was one of the first industries to develop in the country due to agriculture's predominant role in the economy. According to local statistics, domestic production of agricultural machinery and equipment accounts for around 80% of the total sector.
-Previous government administrations have contributed to this expansion by encouraging local production of parts and components. This has caused multinationals to incorporate more than 50% local components into their manufactured equipment, strengthening the market's growth during the forecasting period.
-Some of the major players also invest in technological research to manufacture smart farming machinery based on consumer demand in the country. For instance, in 2021, CNH Industrial announced to double the production of harvesters and tractors in its plant in Cordoba, Argentina. The company expects, through its Case IH and New Holland brands, to produce a total of 2,500 machines which will boost the machinery segment in the country during the forecast period.
-Argentina's agriculture continues to grow strongly, and the trend is reflected in the sale of new agricultural equipment. The reason for the increase in sales was the expansion of the financing lines of banks that offer affordable rates and terms. In addition, the rise in the prices of contractor services is also one of the prime market-driving factors that lead producers to buy their own agricultural machinery.
Argentina Agricultural Machinery Market Trends
Low Farm Productivity Drives the Market
- The population in Argentina has been increasing rapidly, but the agricultural land is limited, resulting in a huge gap between demand and supply. According to Food and Agriculture Organization Corporate Statistical (FAOSTAT) database, the land area of agriculture in the country was 108,381 thousand hectares in 2020 which is constant in all the years except in 2017, with 111239 thousand hectares in the country. However, it may increase in the coming years.
- Agriculture machinery aids in increasing farm productivity and yield and reducing wastage. Machine based on the latest technologies, such as precision seeder and fertilizer spreader, reduces wastage, and activities, such as sowing, which can be done effectively utilizing all the available space. Machinery like combine harvesters eliminates the wastage of harvested products and increases farming efficiency, supplying food to more people.
- The primary sector has a fundamental role in the country's economy, with innovative technologies, such as precision agriculture, gradually finding space. The demand for agricultural machinery is potentially very high, as well as for specialized crops and fruit and vegetables. According to European Food Agency (EFA), the machinery market is flourishing again in 2022 with a 16.7% increase in sales compared to the previous year, which will grow the market during the forecasting period.
Rise in the Farm Machinery Imports
- The import value of the agriculture machinery market has been continuously increasing for the past few years, even though it has a strong domestic production. The main reasons for importing farm machinery are high demand and the unavailability of machinery with the latest technology. So, In 2022, John Deere announced it has selected new companies for its Startup Collaborator program, which seeks to deepen the relationship of the multinational with innovative emerging companies, boosting new technology solutions for Argentina's Agriculture machinery in the field of farm operations. This will develop the growth of the market in the coming years.
- According to International Trade Center (ITC) Trade, the United States is the largest supplier of agriculture machinery with the highest market share of 26.5%, followed by Brazil and Germany. In 2021, the Deputy Minister of Rural Economic Development of Guatemala and Argentina agreed to increase cooperation and trade between both countries. Argentine cooperation will be focused on Guatemalan rural development, particularly on enhancing the agricultural sector's competitiveness, technology transfer, and improvement of the agricultural machinery equipment adapted to family agriculture which is aimed at increasing productivity through sustainable management of water resources and land use. This cooperation will further open the Guatemalan market for Argentine agricultural machinery.
- The domestic production of Argentina is mainly concentrated on small-scale machinery like tractors, cultivators, etc. The agriculture industry's leading digital farming platform, Climate FieldView, has commercially launched in Argentina for the upcoming growing season. Already widely adopted globally, FieldView is transforming how farmers manage their operations with data-driven digital tools. The platform arrives in Argentina for the growing season to help farmers get the most out of each hectare.
- Developed and delivered by The Climate Corporation, a subsidiary of Bayer and a leader in digital innovation for agriculture, FieldView is the complete digital farming platform on the market. It helps farmers gain a deeper understanding of their fields year-round with tools that allow them to easily collect and store data, optimize management decisions quickly and efficiently, and help reach their yield potential while minimizing the application of crop inputs. This will help domestic companies develop large-scale farm machinery and grow the market during the forecasting period.
Argentina Agricultural Machinery Industry Overview
The Argentina farm machinery market is consolidated, with few players holding a major market share. Agrale, Kubota, Deere and Company, AGCO group, Mahindra, CNH Industrial, and Yanmar Co. Ltd are some of the major players in the market. Argentina's agricultural machinery companies also compete based on product quality or promotion. Still, they are also focused on other strategic moves, like acquisitions and expansions, to acquire a larger share and expand their acquired market size.
Additional Benefits:
- The market estimate (ME) sheet in Excel format
- 3 months of analyst support
1 INTRODUCTION
1.1 Study Assumptions & Market Definitions
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 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 Type
5.1.1 Tractors
5.1.1.1 Less Than 40 HP
5.1.1.2 40 HP to 99 HP
5.1.1.3 Greater than 100 HP
5.1.2 Plowing and Cultivating Machinery
5.1.2.1 Ploughs
5.1.2.2 Harrows
5.1.2.3 Cultivator and Tillers
5.1.2.4 Other Ploughing and Cultivating Machinery
5.1.3 Planting Machinery
5.1.3.1 Seed Drills
5.1.3.2 Planters
5.1.3.3 Spreaders
5.1.3.4 Other Planting Machinery
5.1.4 Harvesting Machinery
5.1.4.1 Combine Harvesters
5.1.4.2 Forage Harvetsers
5.1.4.3 Other Harvesting Machinery
5.1.5 Haying and Forage Machinery
5.1.5.1 Mowers
5.1.5.2 Balers
5.1.5.3 Other Haying and Forage Machinery
5.1.6 Irrigation Machinery
5.1.6.1 Sprinkler Irrigation
5.1.6.2 Drip Irrigation
5.1.6.3 Other Irrigation Machinery
5.1.7 Other Types
6 COMPETITIVE LANDSCAPE
6.1 Most Adopted Strategies
6.2 Market Share Analysis
6.3 Company Profiles
6.3.1 Agrale
6.3.2 AGCO Argentina SA
6.3.3 Deere & Company
6.3.4 Mahindra and Mahindra
6.3.5 Yanmar Co. Ltd
6.3.6 Netafim Limited
6.3.7 Kubota Corporation
6.3.8 Foton Lovol International Heavy Industries Company Ltd
6.3.9 Industrias Romi SA
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
- Not Sure / Need Reassuring
- Confirm Content
-
Content is provided by our partners and every effort is made to make Market Report details as clear as possible. If you are not sure the exact content you require is included in this study you can Contact us to double check. To do this you can:
Use the ‘? ASK A QUESTION’ below the license / prices and to the right of this box. This will come directly to our team who will work on dealing with your request as soon as possible.
Write to directly on support@scotts-international.com with details. Please include as much information as possible including the name of report or link so our staff will be able to work on you request.
Telephone us directly on 0048 603 394 346 and an experienced member of team will be on hand to answer.
-
- Sample Pages
-
With the vast majority of our partners we can obtain Sample Pages to support your decision. This is something we can arrange without revealing your personal details.
It is important to note that we will not be able to provide you the exact data or statistics such as Market Size and Forecasts. Sample pages usually confirm the layout or the Categories included in Charts and Graphs, excluding specific data.
To ask for Sample Pages by contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Check for Alternatives
-
Whilst we try to make our online platform as easy to use as possible there is always the possibility that a better alternative has not been found in your search.
To avoid this possibility Contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346 and a Senior Team Member can review your requirements and send a list of possibilities with opinions and recommendations.
-
- Confirm Content
- Prices / Formats / Delivery
- Prices
-
All prices are set by our partners and should be exactly the same as those listed on their own websites. We work on a Revenue share basis ensuring that you never pay more than what is offered elsewhere.
Should you find the price cheaper on another platform we recommend you to Contact us as we should be able to match this price. You can Contact us though through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Discounts
-
As we work in close partnership with our Partners from time to time we can secure discounts and assist with negotiations, this is part of our personalised service to you.
Discounts can sometimes be arranged for speedily placed orders; multiple report purchases or Higher License purchases.
To check if a Discount is possible please Contact our experienced team through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Available Currencies
-
Most Market Reports on our platform are listed in USD or EURO based on the wishes of our Partners. To avoid currency fluctuations and potential price differentiations we do not offer the possibility to change the currency online.
Should you wish to pay in a different currency to that advertised online we do accept payments in USD, EURO, GBP and PLN. The price will be calculated based on the relevant exchange rate taken from our National Bank.
To pay in a different above currency to that advertised online please Contact our team and a quotation will be sent within a couple of hours with payment details.
-
- Licenses
-
License options vary from Partner to Partner as is usually based on the number of Users that will benefitting from the report. It is very important that License ordered is not breached as this could have potential negative consequences for you individually or your employer.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
-
- Global Site License
-
The Global Site License is the most comprehensive license available. By selecting this license, the Market Report can be shared with other ‘Allowed Users’ and any other member of staff from the same organisation regardless of geographic location.
It is important to note that this may exclude Parent Companies or Subsidiaries.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
-
- Formats
-
The most common format is PDF, however in certain circumstances data may be present in Excel format or Online, especially in the case of Database or Directories. In addition, for certain higher license options a CD may also be provided.
If you have questions or need clarification about the specific formats we recommend you to Contact us and a detailed explanation will be provided.
-
- Delivery
-
Delivery is fulfilled by our partners directly. Once an order has been placed we inform the partner by sharing the delivery email details given in the order process.
Delivery is usually made within 24 hours of an order being placed, however it may take longer should your order be placed prior to the weekend or if otherwise specified on the Market Report details page. Additionally, if details have been not fully completed in the Order process a delay in delivery is possible.
If a delay in delivery is expected you will be informed about it immediately.
-
- Shipping Charges
-
As most Market Reports are delivered in PDF format we almost never have to add additional Shipping Charges. If, however you are ordering a Higher License service or a specific delivery format (e.g. CD version) charges may apply.
If you are concerned about additional Shipping Charges we recommend you to Contact us to double check.
-
- Prices
- Ordering
- By Credit Card
-
We work in Partnership with PayU to ensure payments are made securely in a fast and effortless way. PayU is the e-payments division of Naspers.
Naspers operates in over 133 International Markets and ranks 3rd Globally in terms of the number of e-commerce customers served.
For more information on PayU please visit: https://www.payu.pl/en/about-us
-
- By Money Transfer
-
If you require an invoice prior to payment, this is possible. To ensure a speedy delivery of the Market Report we require all relevant company details and you agree to maximum payment terms of 30 days from receipt of order.
With our regular clients deliver of the Market Report can be made prior to receiving payment, however in some circumstances we may ask for payment to be received before arranging for the Market Report to be delivered.
-
- By Credit Card
- Security
- Website security
-
We have specifically partnered with leading International companies to protect your privacy by using different technologies and processes to ensure security.
Everything submitted to Scotts International is encrypted via SSL (Secure Socket Layer) and all personal information provided to Scotts International is stored on computer systems with limited access in controlled environments.
-
- Credit Card Security
-
We partner with PayU (https://www.payu.pl/en/about-us) to ensure all credit card payments are made securely in a fast and effortless way.
PayU offers 250+ various payment channels and eWallet services across 4 continents allowing buyers to pay electronically, whether on a computer or a mobile device.
-
- Website security