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Report
Argentina Tractors Market - Industry Analysis & Forecast 2023-2028
Market Report I 2023-09-22 I 150 Pages I Arizton Advisory & Intelligence
The Argentina tractor market is expected to grow at a CAGR of 3.42% from 2022-2028.
KEY HIGHLIGHTS
- Argentina has over 46.2 million food consumers. The country witnessed a massive increase in farm mechanization in terms of agricultural and industrial productivity.
- The Argentina tractor market is highly concentrated, with the top players controlling most of the market. Domestic and global brands, on the other hand, are equally represented in the industry.
- Argentina's government plans schemes and initiatives to facilitate credit and improve agriculture-related operations, which will contribute to the growth of the overall value chain of the industry.
- The Argentina tractor market increased by 3.2% in 2022 from 2021. The increase in crop production and tractor sales was due to favorable climate conditions and government support to farmers.
MARKET TRENDS & OPPORTUNITIES
Growing Prospects of Precision Farming
Manufacturers of agriculture equipment and machinery are increasingly entering the precision agriculture vertical. The demand for precision equipment can be generated among farmers in Argentina due to unfavorable rainfall. Precision agriculture equipment can intelligently calculate the farm size and crop population to use the correct amounts of water for irrigation and plantation segments.
Technological Advance in Tractor Technology
A new frontier of innovation emerged as agriculture met digital technology, opening various paths to a smart agricultural future. Tractor manufacturers in the Argentina tractor market are competitive, and companies constantly strive to innovate and ensure product differentiation at affordable prices. State-of-the-art technology-based tractors are currently available in the industry. GPS and remote sensing make farming more accurate and productive.
SEGMENTATION INSIGHTS
INSIGHTS BY HORSEPOWER
50 HP-100 HP horsepower segment recorded a high Argentina tractor market share in 2022. The major factor for the steady growth of the medium-power range of tractors is the increased business turnover among hobby and livestock farmers. The versatility of 50-100 HP tractors is the major factor that drives their adoption. These tractors have the power to operate generators for irrigation and both company- and domestic-made harvesters and threshers. The use of these tractors helps to reduce labor costs and labor dependency. The high prevalence of small and medium farmlands in Argentina, coupled with country-wide government schemes to enhance farming capabilities, boosts the sales of 50-100 HP tractors.
Segmentation by Horsepower
- Less Than 50 HP
- 50 HP-100 HP
- 101-150 HP
- Above 150 HP
INSIGHTS BY DRIVE TYPE
Ease of driving and flexibility with light loads and in plain fields are major factors that boost the demand for two-wheel-drive tractors in the Argentina tractor market. These are typically used on farms where a tractor's pulling strength is irrelevant and operational ability is the priority. 2WD tractors are a conventional choice for farmers in Argentina. Older farmers use 2WD tractors as they are more comfortable with traditional 2WD tractors than with 4WD tractors. John Deere, CNH Industrial, and AGCO share most of the 2-wheel drive tractors segment.
Segmentation by Wheel Drive
- 2-Wheel-Drive
- 4-Wheel-Drive
REGIONAL ANALYSIS
The Pampas region has the highest demand for agricultural tractors in the Argentina tractor market. The Pampas region has a substantial demand for agriculture tractors due to its extensive agricultural activities. The market size for tractors in the region has been consistently growing. Adopting mechanization and modern farming techniques has increased the demand for tractors in the Pampas.
Segmentation by Region
- Pampas
- North
- Patagonia
- Andes
VENDOR LANDSCAPE
John Deere, CNH Industrial, and AGCO dominated the Argentina tractor market with an industry share of over 40% in 2022. These manufacturers have adopted several strategies to gain traction in the industry. Argentina has easy and free-trade policies with neighboring countries. Therefore, vendors can use Argentina as an ideal location to set up manufacturing or assembly facilities in the country. Such factors give access to the major countries of Latin America, including Brazil and Mexico.
Key Company Profiles
- John Deere
- CNH Industrial
- AGCO
- Kubota
Other Prominent Vendors
- CLAAS
- Deutz-Fahr
- Mahindra
- KIOTI
- Hanomag
- RolandH
- Agrale
- Zetor
- LS Tractor
- TYM Corporation
Recent Developments in the Argentina Tractor Market
- In March 2023, John Deere announced MY24 updates for its 7, 8, and 9 Series Tractors lineup that will help prepare them for the future of precision agriculture.
- In June 2022, The CLAAS AXION 900 series of large tractors for contractors and big farms the new AXION 900 series are equipped as standard with the updated, continuously variable ZF Terramatic transmission.
- AGCO launched the latest Fendt 700 Vario series tractors in August 2022, featuring an upgraded powertrain with VarioDrive transmission and Fendt iD low engine speed concept. This new generation aims to enhance efficiency and productivity for customers.
KEY QUESTIONS ANSWERED:
1. What are the expected units sold in the Argentina tractor market by 2028?
2. What is the growth rate of the Argentina tractor market?
3. How big is the Argentina tractor market?
4. Which region holds the largest Argentina tractor market share?
5. Who are the key companies in the Argentina tractor market?
1 RESEARCH METHODOLOGY
2 RESEARCH OBJECTIVES
3 RESEARCH PROCESS
4 SCOPE & COVERAGE
4.1 MARKET DEFINITION
4.1.1 INCLUSIONS
4.1.2 EXCLUSIONS
4.1.3 MARKET ESTIMATION CAVEATS
4.2 BASE YEAR
4.3 SCOPE OF THE STUDY
5 REPORT ASSUMPTIONS & CAVEATS
5.1 KEY CAVEATS
5.2 CURRENCY CONVERSION
5.3 MARKET DERIVATION
6 PREMIUM INSIGHTS
7 MARKET AT A GLANCE
8 INTRODUCTION
8.1 OVERVIEW
8.1 VALUE CHAIN ANALYSIS
8.1.1 OVERVIEW
8.1.2 RAW MATERIAL & COMPONENT SUPPLIERS
8.1.3 MANUFACTURERS
8.1.4 DEALERS/DISTRIBUTORS
8.1.5 RETAILERS
8.1.6 END-USERS
8.2 TECHNOLOGICAL ADVANCES
9 MARKET OPPORTUNITIES & TRENDS
9.1 INCREASED FOCUS ON SMART & AUTONOMOUS TRACTORS
9.1.1 SWATH CONTROL AND VARIABLE RATE TECHNOLOGY (VRT)
9.1.2 HIGH DEMAND FOR AUTONOMOUS EQUIPMENT
9.2 PROSPECTS OF PRECISION FARMING
10 MARKET GROWTH ENABLERS
10.1 GOVERNMENT SUBSIDIES & CREDIT SUPPORT SYSTEMS
10.2 INVESTMENTS BY INTERNATIONAL MANUFACTURERS
10.3 GDP CONTRIBUTION OF AGRICULTURAL SECTOR
10.4 INCREASED FARM MECHANIZATION
11 MARKET RESTRAINTS
11.1 HIGH DEMAND FOR USED & RENTAL TRACTORS
11.2 UNFAVORABLE WEATHER CONDITIONS
11.3 LACK OF AWARENESS OF LATEST INNOVATIONS IN AGRICULTURE TRACTORS
12 MARKET LANDSCAPE
12.1 MARKET OVERVIEW
12.2 MARKET SIZE & FORECAST
12.3 FIVE FORCES ANALYSIS
12.3.1 THREAT OF NEW ENTRANTS
12.3.2 BARGAINING POWER OF SUPPLIERS
12.3.3 BARGAINING POWER OF BUYERS
12.3.4 THREAT OF SUBSTITUTES
12.3.5 COMPETITIVE RIVALRY
13 HORSEPOWER
13.1 MARKET SNAPSHOT & GROWTH ENGINE
13.2 MARKET OVERVIEW
13.3 LESS THAN 50 HP
13.3.1 MARKET OVERVIEW
13.3.2 MARKET SIZE & FORECAST
13.3.3 MARKET BY REGION
13.4 50-100 HP
13.4.1 MARKET OVERVIEW
13.4.2 MARKET SIZE & FORECAST
13.4.3 MARKET BY REGION
13.5 101-150 HP
13.5.1 MARKET OVERVIEW
13.5.2 MARKET SIZE & FORECAST
13.5.3 MARKET BY REGION
13.6 ABOVE 150 HP
13.6.1 MARKET OVERVIEW
13.6.2 MARKET SIZE & FORECAST
13.6.3 MARKET BY REGION
14 DRIVE TYPE
14.1 MARKET SNAPSHOT & GROWTH ENGINE
14.2 MARKET OVERVIEW
14.3 2-WHEEL DRIVE
14.3.1 MARKET OVERVIEW
14.3.2 MARKET SIZE & FORECAST
14.3.3 MARKET BY REGION
14.4 4-WHEEL DRIVE
14.4.1 MARKET OVERVIEW
14.4.2 MARKET SIZE & FORECAST
14.4.3 MARKET BY REGION
15 REGION
15.1 MARKET SNAPSHOT & GROWTH ENGINE
15.2 MARKET OVERVIEW
15.3 PAMPAS
15.3.1 MARKET OVERVIEW
15.3.2 MARKET SIZE & FORECAST
15.3.3 MARKET BY HORSEPOWER
15.3.4 MARKET BY DRIVE TYPE
15.4 NORTH
15.4.1 MARKET OVERVIEW
15.4.2 MARKET SIZE & FORECAST
15.4.3 MARKET BY HORSEPOWER
15.4.4 MARKET BY DRIVE TYPE
15.5 PATAGONIA
15.5.1 MARKET OVERVIEW
15.5.2 MARKET SIZE & FORECAST
15.5.3 MARKET BY HORSEPOWER
15.5.4 MARKET BY DRIVE TYPE
15.6 ANDES
15.6.1 MARKET OVERVIEW
15.6.2 MARKET SIZE & FORECAST
15.6.3 MARKET BY HORSEPOWER
15.6.4 MARKET BY DRIVE TYPE
16 COMPETITIVE LANDSCAPE
16.1 COMPETITION OVERVIEW
16.1.1 MARKETING & PROMOTIONAL ACTIVITIES
16.1.2 RECENT DEVELOPMENTS BY TOP BRANDS
17 KEY COMPANY PROFILES
17.1 JOHN DEERE
17.1.1 BUSINESS OVERVIEW
17.1.2 PRODUCT OFFERINGS
17.1.3 KEY STRATEGIES
17.1.4 KEY STRENGTHS
17.1.5 KEY OPPORTUNITIES
17.2 CNH INDUSTRIAL
17.2.1 BUSINESS OVERVIEW
17.2.2 PRODUCT OFFERINGS
17.2.3 KEY STRATEGIES
17.2.4 KEY STRENGTHS
17.2.5 KEY OPPORTUNITIES
17.3 AGCO
17.3.1 BUSINESS OVERVIEW
17.3.2 PRODUCT OFFERINGS
17.3.3 KEY STRATEGIES
17.3.4 KEY STRENGTHS
17.3.5 KEY OPPORTUNITIES
17.4 KUBOTA
17.4.1 BUSINESS OVERVIEW
17.4.2 PRODUCT OFFERINGS
17.4.3 KEY STRATEGIES
17.4.4 KEY STRENGTHS
17.4.5 KEY OPPORTUNITIES
18 OTHER PROMINENT VENDORS
18.1 CLAAS
18.1.1 BUSINESS OVERVIEW
18.1.2 PRODUCT OFFERINGS
18.2 DEUTZ-FAHR
18.2.1 BUSINESS OVERVIEW
18.2.2 PRODUCT OFFERINGS
18.3 MAHINDRA
18.3.1 BUSINESS OVERVIEW
18.3.2 PRODUCT OFFERINGS
18.4 KIOTI
18.4.1 BUSINESS OVERVIEW
18.4.2 PRODUCT OFFERINGS
18.5 HANOMAG
18.5.1 BUSINESS OVERVIEW
18.5.2 PRODUCT OFFERINGS
18.6 ROLANDH
18.6.1 BUSINESS OVERVIEW
18.6.2 PRODUCT OFFERINGS
18.7 AGRALE S.A.
18.7.1 BUSINESS OVERVIEW
18.7.2 PRODUCT OFFERINGS
18.8 ZETOR
18.8.1 BUSINESS OVERVIEW
18.8.2 PRODUCT OFFERINGS
18.9 LS TRACTOR
18.9.1 BUSINESS OVERVIEW
18.9.2 PRODUCT OFFERINGS
18.10 TYM CORP.
18.10.1 BUSINESS OVERVIEW
18.10.2 PRODUCT OFFERINGS
19 REPORT SUMMARY
19.1 KEY TAKEAWAYS
19.2 STRATEGIC RECOMMENDATIONS
20 QUANTITATIVE SUMMARY
20.1 MARKET BY REGION
20.2 MARKET BY HORSEPOWER
20.3 MARKET BY DRIVE TYPE
21 APPENDIX
21.1 ABBREVIATIONS
LIST OF EXHIBITS
EXHIBIT 1 SEGMENTATION OF ARGENTINA AGRICULTURAL TRACTOR MARKET
EXHIBIT 2 MARKET SIZE CALCULATION APPROACH 2022
EXHIBIT 3 ARGENTINA AGRICULTURE TRACTOR MARKET REPORT HIGHLIGHTS
EXHIBIT 4 ARGENTINA AGRICULTURE TRACTOR MARKET SEGMENTATION BY HORSEPOWER (2022)
EXHIBIT 5 DRIVE TYPE SEGMENTATION OVERVIEW (2022-2028)
EXHIBIT 6 OVERVIEW OF REGION-WISE SEGMENTATION IN ARGENTINA
EXHIBIT 7 MAJOR OPPORTUNITIES IN ARGENTINA AGRICULTURE TRACTOR MARKET
EXHIBIT 8 RECENT DEVELOPMENTS BY TOP BRANDS
EXHIBIT 9 MAJOR VENDORS IN ARGENTINA AGRICULTURE TRACTOR MARKET
EXHIBIT 10 COUNTRY-WISE AGRICULTURE INDUSTRY CONTRIBUTION TO GDP, 2022 (%)
EXHIBIT 11 VALUE CHAIN ANALYSIS OF ARGENTINA AGRICULTURE TRACTOR MARKET
EXHIBIT 12 TECHNOLOGICAL DEVELOPMENTS IN AGRICULTURE EQUIPMENT
EXHIBIT 13 TECHNOLOGIES ACROSS AGRICULTURAL EQUIPMENT
EXHIBIT 14 IMPACT OF INCREASED FOCUS ON SMART & AUTONOMOUS TRACTORS
EXHIBIT 15 IMPACT OF PROSPECTS OF PRECISION FARMING
EXHIBIT 16 NUMBER OF CASES WHEN WEEDS WERE RESISTANT TO HERBICIDES IN LATIN AMERICA, 2022
EXHIBIT 17 IMPACT OF GOVERNMENT SUBSIDIES & CREDIT SUPPORT SYSTEMS
EXHIBIT 18 IMPACT OF INVESTMENTS BY INTERNATIONAL MANUFACTURERS
EXHIBIT 19 IMPACT OF GDP CONTRIBUTION OF AGRICULTURE SECTOR
EXHIBIT 20 AGRICULTURE AS PART OF GDP % (2015-2021)
EXHIBIT 21 IMPACT OF INCREASED FARM MECHANIZATION
EXHIBIT 22 IMPACT OF HIGH DEMAND FOR USED & RENTAL TRACTORS
EXHIBIT 23 IMPACT OF UNFAVORABLE WEATHER CONDITIONS
EXHIBIT 24 IMPACT OF LACK OF AWARENESS OF LATEST INNOVATIONS IN AGRICULTURE TRACTORS
EXHIBIT 25 ARGENTINA AGRICULTURE TRACTOR MARKET 2020-2028 (UNITS)
EXHIBIT 26 SEASONAL TRACTOR SALES IN ARGENTINA (2022)
EXHIBIT 27 TYPOLOGY OF FAMILY FARMING IN ARGENTINA
EXHIBIT 28 FIVE FORCES ANALYSIS 2022
EXHIBIT 29 INCREMENTAL GROWTH BY HORSEPOWER 2022 & 2028
EXHIBIT 30 ARGENTINA AGRICULTURE TRACTOR MARKET BY HORSEPOWER
EXHIBIT 31 ARGENTINA AGRICULTURE TRACTOR MARKET BY HORSEPOWER 2020-2028 (%)
EXHIBIT 32 ARGENTINA AGRICULTURE TRACTOR MARKET BY LESS THAN 50 HP 2020-2028 (UNITS)
EXHIBIT 33 ARGENTINA AGRICULTURE TRACTOR MARKET BY 50-100 HP 2020-2028 (UNITS)
EXHIBIT 34 ARGENTINA AGRICULTURE TRACTOR MARKET BY 101-150 HP 2020-2028 (UNITS)
EXHIBIT 35 ARGENTINA AGRICULTURE TRACTOR MARKET BY ABOVE 150 HP 2020-2028 (UNITS)
EXHIBIT 36 INCREMENTAL GROWTH BY DRIVE TYPE 2022 & 2028
EXHIBIT 37 ARGENTINA AGRICULTURE TRACTOR MARKET BY DRIVE TYPE
EXHIBIT 38 ARGENTINA AGRICULTURE TRACTOR MARKET BY DRIVE TYPE 2020-2028 (%)
EXHIBIT 39 ARGENTINA AGRICULTURE TRACTOR MARKET BY 2-WHEEL DRIVE 2022-2028 (UNITS)
EXHIBIT 40 ARGENTINA AGRICULTURE TRACTOR MARKET BY 4-WHEEL DRIVE 2022-2028 (UNITS)
EXHIBIT 41 INCREMENTAL GROWTH BY REGION 2022 & 2028
EXHIBIT 42 ARGENTINA AGRICULTURE TRACTOR MARKET BY REGION
EXHIBIT 43 PAMPAS AGRICULTURE TRACTOR MARKET 2020-2028 (UNITS)
EXHIBIT 44 NORTH AGRICULTURE TRACTOR MARKET 2020-2028 (UNITS)
EXHIBIT 45 PATAGONIA AGRICULTURE TRACTOR MARKET 2020-2028 (UNITS)
EXHIBIT 46 ANDES AGRICULTURE TRACTOR MARKET 2020-2028 (UNITS)
EXHIBIT 47 NET SALES SHARE BY SEGMENTS 2022 (%)
EXHIBIT 48 ARGENTINA AGRICULTURE TRACTOR MARKET BY REGION 2022-2028 (UNITS)
EXHIBIT 49 ARGENTINA AGRICULTURE TRACTOR MARKET BY REGION 2022-2028 (%)
LIST OF TABLES
TABLE 1 KEY CAVEATS
TABLE 2 CURRENCY CONVERSION 2016-2022
TABLE 3 ARGENTINA LESS THAN 50 HP AGRICULTURE TRACTOR MARKET BY REGION 2020-2028 (UNITS)
TABLE 4 ARGENTINA LESS THAN 50 HP AGRICULTURE TRACTOR MARKET BY REGION 2020-2028 (%)
TABLE 5 ARGENTINA 50-100 HP AGRICULTURE TRACTOR MARKET BY REGION 2020-2028 (UNITS)
TABLE 6 ARGENTINA 50-100 HP AGRICULTURE TRACTOR MARKET BY REGION 2020-2028 (%)
TABLE 7 ARGENTINA 101-150 HP AGRICULTURE TRACTOR MARKET BY REGION 2020-2028 (UNITS)
TABLE 8 ARGENTINA 101-150 HP AGRICULTURE TRACTOR MARKET BY REGION 2020-2028 (%)
TABLE 9 ARGENTINA ABOVE 150 HP AGRICULTURE TRACTOR MARKET BY REGION 2020-2028 (UNITS)
TABLE 10 ARGENTINA ABOVE 150 HP AGRICULTURE TRACTOR MARKET BY REGION 2020-2028 (%)
TABLE 11 ARGENTINA 2-WHEEL DRIVE AGRICULTURE TRACTOR MARKET BY REGION 2020-2028 (UNITS)
TABLE 12 ARGENTINA 2-WHEEL DRIVE AGRICULTURE TRACTOR MARKET BY REGION 2020-2028 (%)
TABLE 13 ARGENTINA 4-WHEEL DRIVE AGRICULTURE TRACTOR MARKET BY REGION 2020-2028 (UNITS)
TABLE 14 ARGENTINA 4-WHEEL DRIVE AGRICULTURE TRACTOR MARKET BY REGION 2020-2028 (%)
TABLE 15 PAMPAS AGRICULTURE TRACTOR MARKET BY HORSEPOWER 2020-2028 (UNITS)
TABLE 16 PAMPAS AGRICULTURE TRACTOR MARKET BY HORSEPOWER 2020-2028 (%)
TABLE 17 PAMPAS AGRICULTURE TRACTOR BY DRIVE TYPE 2020-2028 (UNITS)
TABLE 18 PAMPAS AGRICULTURE TRACTOR BY DRIVE TYPE 2020-2028 (%)
TABLE 19 NORTH AGRICULTURE TRACTOR MARKET BY HORSEPOWER 2020-2028 (UNITS)
TABLE 20 NORTH AGRICULTURE TRACTOR MARKET BY HORSEPOWER 2020-2028 (%)
TABLE 21 NORTH AGRICULTURE TRACTOR MARKET BY DRIVE TYPE 2020-2028 (UNITS)
TABLE 22 NORTH AGRICULTURE TRACTOR MARKET BY DRIVE TYPE 2020-2028 (%)
TABLE 23 PATAGONIA AGRICULTURE TRACTOR MARKET BY HORSEPOWER 2020-2028 (UNITS)
TABLE 24 PATAGONIA AGRICULTURE TRACTOR MARKET BY HORSEPOWER 2020-2028 (%)
TABLE 25 PATAGONIA AGRICULTURE TRACTOR MARKET BY DRIVE TYPE 2020-2028 (UNITS)
TABLE 26 PATAGONIA AGRICULTURE TRACTOR MARKET BY DRIVE TYPE 2020-2028 (%)
TABLE 27 ANDES AGRICULTURE TRACTOR MARKET BY HORSEPOWER 2020-2028 (UNITS)
TABLE 28 ANDES AGRICULTURE TRACTOR MARKET BY HORSEPOWER 2020-2028 (%)
TABLE 29 ANDES AGRICULTURE TRACTOR MARKET BY DRIVE TYPE 2020-2028 (UNITS)
TABLE 30 ANDES AGRICULTURE TRACTOR MARKET BY DRIVE TYPE 2020-2028 (%)
TABLE 31 JOHN DEERE: MAJOR PRODUCT OFFERINGS
TABLE 32 CNH INDUSTRIAL: MAJOR PRODUCT OFFERINGS
TABLE 33 AGCO: MAJOR PRODUCT OFFERINGS
TABLE 34 KUBOTA: MAJOR PRODUCT OFFERINGS
TABLE 35 CLAAS: MAJOR PRODUCT OFFERINGS
TABLE 36 DEUTZ-FAHR: MAJOR PRODUCT OFFERINGS
TABLE 37 MAHINDRA: MAJOR PRODUCT OFFERINGS
TABLE 38 KIOTI: MAJOR PRODUCT OFFERINGS
TABLE 39 HANOMAG: MAJOR PRODUCT OFFERINGS
TABLE 40 ROLANDH: MAJOR PRODUCT OFFERINGS
TABLE 41 AGRALE S.A.: MAJOR PRODUCT OFFERINGS
TABLE 42 ZETOR: MAJOR PRODUCT OFFERINGS
TABLE 43 LS TRACTOR: MAJOR PRODUCT OFFERINGS
TABLE 44 TYM: MAJOR PRODUCT OFFERINGS
TABLE 45 ARGENTINA AGRICULTURE TRACTOR MARKET BY HORSEPOWER 2022-2028 (UNITS)
TABLE 46 ARGENTINA AGRICULTURE TRACTOR MARKET BY HORSEPOWER 2022-2028 (%)
TABLE 47 ARGENTINA AGRICULTURE TRACTOR MARKET BY DRIVE TYPE 2022-2028 (UNITS)
TABLE 48 ARGENTINA AGRICULTURE TRACTOR MARKET BY DRIVE TYPE 2022-2028 (%)
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