Press release
The Sale of Latin America Agriculture Equipment Market to Reach 338.55 Thousand Units by 2029 - Arizton
Latin America Agriculture Equipment Market Research Report by Arizton
According to Arizton's latest research report, the Latin America agriculture equipment market [https://www.arizton.com/market-reports/latin-america-agriculture-equipment-market] is growing at a CAGR of 4.57% during 2023-2029.
Curious to Know More About the Market? Click: [https://www.arizton.com/market-reports/latin-america-agriculture-equipment-market]
The Latin America Agricultural Equipment Market Report Scope
Market Size (2029): 338.55 Thousand Units
Market Size (2023): 258.92 Thousand Units
CAGR (2023-2029): 4.57%
Historic Year: 2020-2022
Base Year: 2023
Forecast Year: 2024-2029
Market Segmentation: Seedling, Planting, & Irrigation, Agriculture Tractors, Land Preparation, Weeding & Plant Protection, Harvesting & Threshing, and Region
Regional Analysis: Brazil, Mexico, Argentina, Colombia, Peru, and Rest of Latin America
Seedling, planting, and irrigation equipment held the largest market share at 30.3%, followed by agricultural tractors at 24.9%. The agriculture sector is crucial to the region's GDP, with Brazil, Argentina, and Mexico being major producers and exporters. Labor shortages due to migration and industry shifts pose challenges, while a 75% increase in agricultural output is needed by 2050 to meet rising food demand from a 40% population growth.
The region contributes 12%-15% of global food production and controls a quarter of global arable land. It has a mix of large and small farms, reflecting varied agricultural operations. There's a growing demand for digitalization and automation, particularly in Brazil, Argentina, and Mexico. Government policies, infrastructure investments, and rising commodity prices are driving the market. The 2023/24 soybean harvest is expected to reach a record 222.34 million tons, a 15% increase from the previous year. Major players include AGCO, which operates the largest tractor factory in Latin America, and Indian manufacturers Mahindra & Mahindra and Sonalika.
Recent Developments
* In March 2024, Case IH launched AFS Connect Steiger Series Tractors. These high-horsepower tractors came equipped with advanced telemetry and data management features for improved farm management.
* In January 2024, StrongLike launched the SL-F LEX Hybrid robotic fruit harvester, which uses artificial intelligence to pick apples, gently reducing damage and labor costs.
* In November 2023, John Deere announced the construction of the Brazil Technology Development Center, its first R&D facility for tropical agriculture, with an R$180 million investment to enhance synergy between its research teams. Located in Indaiatuba, the 500,000 m center aims to expedite product development by up to 40%, catering to the unique needs of Brazil's agriculture sector.
* In September 2023, the Claas LEXION 1200 Terra Trac was launched. This tracked combine harvester is designed for superior traction and stability on difficult terrain.
* In October 2023, Krone launched the self-propelled forage harvester BiG X 1180, which boasts increased engine power and improved efficiency for large-scale operations.
* In April 2023, Mahindra & Mahindra launched a new tractor platform, OJA, under which the company will roll out 40 tractor models.
Stay ahead of the curve with Arizton's exclusive subscription plan, offering in-depth analysis, market sizing, and growth forecasts for less than $900 per month-a significant value compared to individual report purchases. Click here: [https://www.arizton.com/subscription]
Latin America Agriculture Equipment Market Dynamics
Drivers
* Investments by International Manufacturers
* Rising Income and Transformation of Food Consumption
* Surge in Investment in Agriculture Industry
Trends
* Growing Prospect of Precision Farming
* Rising Focus on Compact & Electric Agriculture Equipment
* Integration of Digital Technologies
Challenges
* Looming Unfavorable Weather Conditions
* High Demand for Rental & Used Agriculture Equipment
Technology Development in the Latin America Agriculture Equipment Market
* Telematics enables operators to monitor their fleet of vehicles closely using GPS trackers. It captures data from farm equipment operating in a field and transfers it to the internet in real-time.
* Automation enables high traction and low speed for tillage and other agricultural tasks. This technology is used in harvesters and tractors. It helps to reduce the dependency on labor, thus reducing the overall farming cost.
* Real-time kinematics is a technique that uses carrier-based ranging and provides ranges that are orders of magnitude more precise than those available through code-based positioning. It reduces operators' workload by automatically harvesting rice and wheat with high precision and accuracy.
Why Should You Buy this Report?
This report is among the few in the market that offer outlook and opportunity analyses forecast in terms of the following:
* Market Size & Forecast Volume (units) 2020-2029
* Segmentation by Equipment Type
* Segmentation by Application
* Segmentation by Geography
* Production and trade values
* Major current and upcoming projects and investments
* Competitive intelligence about the economic scenario, advantages, industry dynamics, and market shares
* Innovative technologies
* Share by each equipment segment
* Share by each country
* Company profiles of major and other prominent vendors
* Company profiles of distributors
* Market shares of major vendors
Buy this Research @ [https://www.arizton.com/market-reports/latin-america-agriculture-equipment-market]
Major Vendors
* John Deere
* AGCO
* CNH Industrial
* Kubota
* Mahindra Tractors
* Yanmar
* SDF
* CLAAS
* KIOTI
* ISEKI & CO., LTD.
* LOVOL
* TAFE
* Argo Tractors S.p.A.
* AMAZONEN
* METALFOR
* MERLO S.p.A.
* Bobcat
* Arbos Group
* BCS S.p.A.
* LS MTRON LTD.
* Changfa
* Wuzheng Group
* YTO
* Zoomlion Heavy Industry Science &Technology Co., Ltd.
Segmentation by Equipment Type
Seedling, Planting, & Irrigation
* Planters
* Irrigation Pumps
* Seed Drillers
Agriculture Tractors
* Horsepower Type
* Less Than 50 HP
* 50-100 HP
* Above 100 HP
* Wheel Drive Type
* 2-Wheel-Drive
* 4-Wheel-Drive
* Land Preparation
* Cultivators
* Leveller
* Others (Harrow, Cultipacker, Plough)
* Weeding & Plant Protection
* Sprayers
* Weeders
* Harvesting & Threshing
* Threshers
* Combine Harvesters
* Others (Windrowers, Balers, Mowers)
* Segmentation by Region
* Brazil
* Mexico
* Argentina
* Colombia
* Peru
* The Rest of Latin America
Key Questions Answered in the Report:
How big is the Latin America agriculture equipment market?
What is the growth rate of the Latin America agriculture equipment market?
What are the trends in the Latin America agriculture equipment market?
Which region dominates the Latin America agriculture equipment market share?
Who are the key players in the Latin America agriculture equipment market?
Check Out Some of the Top Selling Research Reports:
U.S. Agriculture Equipment Market - Strategic Assessment & Forecast 2024-2029
https://www.arizton.com/market-reports/us-agricultural-equipment-market
UK Agriculture Equipment Market - Industry Analysis & Forecast 2023-2028
https://www.arizton.com/market-reports/uk-agricultural-equipment-market
Why Arizton?
100%Customer Satisfaction
24x7availability - we are always there when you need us
200+Fortune 500 Companies trust Arizton's report
80%of our reports are exclusive and first in the industry
100%more data and analysis
1500+reports published till date
Post-Purchase Benefit
* 1hr of free analyst discussion
* 10% off on customization
About Us:
Arizton Advisory and Intelligence is an innovative and quality-driven firm that offers cutting-edge research solutions to clients worldwide. We excel in providing comprehensive market intelligence reports and advisory and consulting services.
We offer comprehensive market research reports on consumer goods & retail technology, automotive and mobility, smart tech, healthcare, life sciences, industrial machinery, chemicals, materials, I.T. and media, logistics, and packaging. These reports contain detailed industry analysis, market size, share, growth drivers, and trend forecasts.
Arizton comprises a team of exuberant and well-experienced analysts who have mastered generating incisive reports. Our specialist analysts possess exemplary skills in market research. We train our team in advanced research practices, techniques, and ethics to outperform in fabricating impregnable research reports.
Media Contact
Company Name: Arizton Advisory & Intelligence
Contact Person: Jessica
Email:Send Email [https://www.abnewswire.com/email_contact_us.php?pr=the-sale-of-latin-america-agriculture-equipment-market-to-reach-33855-thousand-units-by-2029-arizton]
Phone: +1-312-235-2040/+1 302 469 0707
Country: United States
Website: https://www.arizton.com/market-reports/latin-america-agriculture-equipment-market
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release The Sale of Latin America Agriculture Equipment Market to Reach 338.55 Thousand Units by 2029 - Arizton here
News-ID: 3607840 • Views: …
More Releases from ABNewswire
Understanding Magnetic Switches: Types, Working Principles, and Applications
A magnetic switch is a versatile electrical device that operates by responding to magnetic fields. From Hall Effect to reed switches, explore their functions, types, and diverse applications.
What is a Magnetic Switch?
A magnetic switch is an electrical device that operates by responding to the presence of a magnetic field. It functions by closing or opening its contacts based on the strength of the magnetic field. Specifically, the switch remains closed…
Innovating embedded downlight technology: Leading the global trend of intelligen …
The strong rise of China's manufacturing industry has profoundly reshaped the technological landscape and development trajectory of embedded downlights. With its unparalleled industrial chain advantages, continuous technological innovation, and significant cost-effectiveness, Chinese enterprises have risen from participants in the global lighting industry to undisputed leaders. This transformation goes far beyond the huge production scale; it lies in the thorough innovation of the core technical content and application boundaries of embedded…
North China Electric Power University Foreign Aid Training Program Visits Yiyuan …
On July 23, 2025, the Electrical Industry Training Program of North China Electric Power University's Foreign Aid Project visited Yiyuan Technology for an exchange visit. The purpose was to gain in-depth insights into the company's innovations in renewable energy technology promotion and application [https://www.yiyen.com/about/], and to build bridges connecting university-enterprise cooperation with foreign aid initiatives.
Image: https://ecdn6.globalso.com/upload/p/1108/image_other/2025-07/scene-1.jpg
Image: https://ecdn6.globalso.com/upload/p/1108/image_other/2025-07/scene-3.jpg
Upon arrival, the delegation received a warm welcome from company leadership and the reception…
Pure Sine Wave Low Frequency Inverter Charger
Pure sine wave low frequency inverter [https://www.yiypower.com/ap-mini-600w-1500w-120v-low-frequency-pure-sine-wave-inverter-charger-product/] is widely used and suitable for a variety of scenarios. In terms of home backup power, it can provide reliable power during power outages, ensuring that essential appliances such as refrigerators, air conditioners and medical equipment continue to operate . For solar power generation systems, Inverter charger [https://www.yiypower.com/ap-mini-600w-1500w-120v-low-frequency-pure-sine-wave-inverter-charger-product/] can converter DC Power from Battery, which charged by solar panels, into clean alternating current…
More Releases for Latin
Latin America Smart Packaging Market
The research report "Latin America Smart Packaging Market: By Technology Type ((Modified Atmosphere Packaging (MAP), Active Packaging, Intelligent Packaging (IP)), End User Type (Food & Beverages, Personal Care, Healthcare, Automotive), and Geography- Global/Region/Country Forecast to 2028. Latin America smart packaging market is anticipated to grow at a CAGR rate of x% during the forthcoming years 2022-2028.
View the detailed report description here - https://precisionbusinessinsights.com/market-reports/latin-america-smart-packaging-market/
Changes in lifestyle patterns foster the…
Latin America Energy Drinks Market
El nuevo estudio de Informes de Expertos titulado 'Mercado Latinoamericano de Bebidas Energizantes, Informe y Pronostico 2022-2027′, presenta una evaluacion exhaustiva del mercado, analizandolo segun el tipo de producto, canal de distribucion y las regiones importantes. La investigacion rastrea las tendencias mas recientes en el mercado y examina sus efectos sobre los principales factores de exito y restricciones. Ademas, evalua la dinamica del mercado y realiza analisis FODA y Cinco…
Latin America Electroceuticals Market
Latin America registers the significant growth of the electroceutical market during the forecast period especially in the countries including Brazil, Mexico among others, attributing to various driving factors. The growing prevalence of ischemic heart disease, age-related and other hearing loss, and epilepsy is creating demand for electroceuticals, thereby, anticipated to drive the growth of electroceuticals market in Latin America. As per the Institute for Health Metrics and Evaluation, in…
A Game Changer for Latin America? Shale Experts Analyse the Future of Unconventi …
Shale experts recently gathered in Buenos Aires to examine the potential impact of shale oil and gas resources in the Latin America region and globally. The CWC Summit was hosted in partnership with YPF and Y-TEC, and delegations in attendance included Chevron, Shell, Total, Schlumberger, Emerson and Halliburton, amongst others.
The welcoming address was delivered by Gonzalo Lopez Nardone, head of institutional relations for YPF and the opening address was given…
Successful launch for DISTREE Latin America
SAO PAULO, PARIS, LONDON, DUBAI, and MOSCOW – The inaugural DISTREE Latin America took place earlier this month at the Sofitel Jequitimar Hotel in Sao Paulo State, Brazil. More than 300 delegates attended DISTREE Latin America 2011, including representatives from approximately 50 vendors looking to launch, build or manage channels within the region.
“It is always an exciting moment to launch a new DISTREE event in a dynamic market such…
Latin America Oil & Gas Potential
Produced by The CWC Group, Latin American Oil and Gas Conference takes place on 25 – 27 October 2011, Mandarin Oriental Hotel, Miami, U.S.A. Organisers confirmed that the strategic conference will feature advanced insights from important organisations in the region alongside NOC’s showcases from Brazil, Mexico, Colombia, Trinidad & Tobago, Venezuela, Uruguay and Bolivia. Content centres on the development of the Latin America’s resources, the impact of shale…
