Mexican Agricultural Machinery Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The Mexican Agricultural Machinery Market Report is Segmented by Tractors (Less Than 40 HP, 41HP To 60 HP, 61 HP To 100 HP, 101 HP To 150 HP, and More Than 150 HP), Equipment (Plows, Harrows, Rotavators and Cultivators, and Other Equipment), Irrigation Machinery (Sprinkler Irrigation, Drip Irrigation, and Other Irrigation Machinery), Harvesting Machinery (Combine Harvesters, Forage Harvesters, and Other Harvesting Machinery), and Haying and Forage Machinery (Mowers and Conditioners, Balers, and Other Haying and Forage Machinery). The Report Offers the Market Size and Forecasts for Volume (units) and Value (USD) for all the Above Segments.

Mexican Agricultural Machinery Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

Mexico Agricultural Machinery Market Size

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Mexico Agricultural Machinery Market Summary
Study Period 2019 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
Market Size (2025) USD 764.57 Million
Market Size (2030) USD 948.25 Million
CAGR (2025 - 2030) 4.40 %
Market Concentration High

Major Players

Mexico Agricultural Machinery Market Major Players

*Disclaimer: Major Players sorted in no particular order

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

Seeds

Crop Protection

Fertilizers

Agricultural Commodities

Agriculture Services

Agricultural Machinery and Technology

Mexico Agricultural Machinery Market Analysis

The Mexico Agricultural Machinery Market size is estimated at USD 764.57 million in 2025, and is expected to reach USD 948.25 million by 2030, at a CAGR of 4.4% during the forecast period (2025-2030).

  • Mexico has a large agriculture industry with a vast arable land area accounting for 20.1 million hectares in 2021, as per the World Bank. The Mexican government has been encouraging the mechanization of farms, which has aided the growth of agricultural machinery in the country. The United States and Mexico have developed a lucrative relationship for agricultural machinery and equipment, becoming priority markets for each other's industries.
  • The major driver for the increase in the usage of agricultural machinery in Mexico is the need to increase agricultural productivity. The need for an increase in productivity is due to the growing food demand in the country, which is parallel to the growing population.
  • According to the United States Department of Agriculture, the domestic consumption of corn in Mexico increased from 44,000 thousand metric tons to 45,700 thousand metric tons from 2022 to 2023. This rising consumption shows the increasing food demand, which can be dealt with by increasing crop productivity through agricultural advances, including the usage of agricultural machinery. Thus, agricultural machinery usage is anticipated to increase in the country.
  • Along with this, the increase in combined harvester-threshers imports by Mexico depicts the increase in the usage of agricultural machinery in the country. For instance, the import of combined harvester-threshers was 1,541 units in 2022, an increase of 18.6% from the previous year, according to the ITC trade map. The high demand for agricultural machinery in Mexico promotes the imports of agricultural machinery into Mexico from the United States, India, China, Japan, etc., further aiding the market growth.
  • Furthermore, Deere and Company, AGCO Corporation, CNH Industrial NV, and Kubota Mexico S.A. de C.V. are some of the major agricultural machinery manufacturing companies operating in the country. They are expanding the production of agricultural machinery to Mexico, which is anticipated to favor the market's growth during the forecast period. For instance, in 2022, John Deere expanded the company’s tractors and cab production from its Waterloo, Iowa, plant to Mexico due to the labor shortage in the US facility.

Mexico Agricultural Machinery Industry Overview

The Mexican agricultural machinery market is consolidated, with major players such as Deere and Company, CNH Industrial, AGCO Corporation, Kubota Mexico SA de CV, and KUHN Group. New product launches, partnerships, and acquisitions are the major strategies adopted by leading companies in the Mexican market. Along with innovations and expansions, investments in R&D and developing novel product portfolios are expected to be crucial strategies in the coming years.

Mexico Agricultural Machinery Market Leaders

  1. Deere and Company

  2. AGCO Corp.

  3. CNH Industrial NV

  4. Kubota Mexico S.A. de C.V.

  5. KUHN Group

  6. *Disclaimer: Major Players sorted in no particular order
Mexico Agricultural Machinery Market Concentration
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Mexico Agricultural Machinery Market News

  • December 2023: Grupo Rotoplas acquired HiTech Irrigation de Mexico in Calioma for water storage and piping products under irrigation systems.
  • February 2022: Celestial E-Mobility, the first electric tractor brand from India, had a strategic collaboration with a Mexican company, Grupo Marvelsa, to get an imported tractor in Mexico to support eMobility and is ready to make a change in the automobile industry.

Mexico Agriculture Machinery Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Assumptions and 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
    • 4.2.1 Consolidation of Smaller Farms
    • 4.2.2 Government Initiatives to Enhance Farm Mechanization
    • 4.2.3 Technological Advancements are Expected to Drive the Market's Growth
  • 4.3 Market Restraints
    • 4.3.1 High Cost of Equipment and Price Sensitivity
    • 4.3.2 Security Concerns in Modern Farming
  • 4.4 Porters Five Force Analysis
    • 4.4.1 Bargaining Power of Suppliers
    • 4.4.2 Bargaining Power of Buyers
    • 4.4.3 Threat of New Entrants
    • 4.4.4 Threat of Substitute Products
    • 4.4.5 Intensity of Competitive Rivalry

5. MARKET SEGMENTATION

  • 5.1 Tractors
    • 5.1.1 Engine Power
    • 5.1.1.1 Less than 40 HP
    • 5.1.1.2 41 to 60 HP
    • 5.1.1.3 61 to 100 HP
    • 5.1.1.4 101 to 150 HP
    • 5.1.1.5 More than 150 HP
  • 5.2 Equipment
    • 5.2.1 Plows
    • 5.2.2 Harrows
    • 5.2.3 Rotovators and Cultivators
    • 5.2.4 Other Equipment
  • 5.3 Irrigation Machinery
    • 5.3.1 Sprinkler Irrigation
    • 5.3.2 Drip Irrigation
    • 5.3.3 Other Irrigation Machinery
  • 5.4 Harvesting Machinery
    • 5.4.1 Combine Harvesters
    • 5.4.2 Forage Harvesters
    • 5.4.3 Other Harvesting Machinery
  • 5.5 Haying and Forage Machinery
    • 5.5.1 Mowers and Conditioners
    • 5.5.2 Balers
    • 5.5.3 Other Haying and Forage Machinery

6. COMPETITIVE LANDSCAPE

  • 6.1 Most Adopted Strategies
  • 6.2 Market Share Analysis
  • 6.3 Company Profiles
    • 6.3.1 Deere & Company
    • 6.3.2 AGCO Corp.
    • 6.3.3 CNH Industrial NV
    • 6.3.4 Lindsay Corporation
    • 6.3.5 Kubota Mexico SA De CV
    • 6.3.6 Valmont Industries Inc.
    • 6.3.7 Jumil Mexico
    • 6.3.8 Class KGaA mbH
    • 6.3.9 Mahindra and Mahindra Limited
    • 6.3.10 Kuhn Group
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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Mexico Agricultural Machinery Industry Segmentation

Agricultural machinery refers to the agricultural devices and tools used in the agriculture process. These tools can be hand tools, power tools, and tractors used in farming or other agricultural processes. 

The Mexican agricultural machinery market is segmented by tractors, equipment, irrigation machinery, harvesting machinery, and haying and forage machinery. The report offers the market size and forecasts in terms of volume (units) and value (USD) for all the above segments.

Tractors Engine Power Less than 40 HP
41 to 60 HP
61 to 100 HP
101 to 150 HP
More than 150 HP
Equipment Plows
Harrows
Rotovators and Cultivators
Other Equipment
Irrigation Machinery Sprinkler Irrigation
Drip Irrigation
Other Irrigation Machinery
Harvesting Machinery Combine Harvesters
Forage Harvesters
Other Harvesting Machinery
Haying and Forage Machinery Mowers and Conditioners
Balers
Other Haying and Forage Machinery
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Mexico Agriculture Machinery Market Research FAQs

How big is the Mexico Agricultural Machinery Market?

The Mexico Agricultural Machinery Market size is expected to reach USD 764.57 million in 2025 and grow at a CAGR of 4.40% to reach USD 948.25 million by 2030.

What is the current Mexico Agricultural Machinery Market size?

In 2025, the Mexico Agricultural Machinery Market size is expected to reach USD 764.57 million.

Who are the key players in Mexico Agricultural Machinery Market?

Deere and Company, AGCO Corp., CNH Industrial NV, Kubota Mexico S.A. de C.V. and KUHN Group are the major companies operating in the Mexico Agricultural Machinery Market.

What years does this Mexico Agricultural Machinery Market cover, and what was the market size in 2024?

In 2024, the Mexico Agricultural Machinery Market size was estimated at USD 730.93 million. The report covers the Mexico Agricultural Machinery Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Mexico Agricultural Machinery Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Mexican Agricultural Machinery Industry Report

Statistics for the 2025 Mexico Agricultural Machinery market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Mexico Agricultural Machinery analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.