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

The South American Agricultural Machinery Market Report is Segmented by Machinery Type (tractors, Plowing and Cultivating Machinery, Planting and Fertilizing Machinery, Harvesting Machinery, Haying and Forage Machinery, Irrigation Machinery, Parts and Attachments, and Other Equipment. ) and Geography, (brazil, Argentina, and the Rest of South America. ) the Market Sizing Has Been Conducted in Value Terms (USD) for all the Aforementioned Segments.

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

South America Agricultural Machinery Market Size

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South America Agricultural Machinery Market Summary
Study Period 2019 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
Historical Data Period 2019 - 2023
Market Size (2025) USD 35.82 Billion
Market Size (2030) USD 45.06 Billion
CAGR (2025 - 2030) 4.70 %

Major Players

South America Agricultural Machinery Market Major Players

*Disclaimer: Major Players sorted in no particular order

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

Seeds

Crop Protection

Fertilizers

Agricultural Commodities

Agriculture Services

Agricultural Machinery and Technology

South America Agricultural Machinery Market Analysis

The South America Agricultural Machinery Market size is estimated at USD 35.82 billion in 2025, and is expected to reach USD 45.06 billion by 2030, at a CAGR of 4.7% during the forecast period (2025-2030).

South American agriculture has traditionally relied on labor-intensive methods. However, rising farm labor wages have positively impacted the demand for agricultural machinery in the region. Farmers are increasingly adopting mechanization, such as tractors, as a substitute for manual labor. For instance, the average monthly pay of an agricultural worker in Brazil reached BRL 2,018.99 in 2023, according to a study by FGV - Fundacao Getulio Vargas.

In 2022, Argentina's farm machinery manufacturing sector expanded to over 700 companies. According to the International Trade Administration, domestic production of agricultural machinery and equipment (including seeders, sprayers, and hand tools) accounts for approximately 80 percent of total agricultural machinery demand. This robust domestic production is contributing to the growth of the agricultural machinery market in South America.

Paraguay heavily relies on Brazil for importing agricultural machinery, including autonomous tractors. The availability of affordable imports encourages higher tractor purchases and consumption in the country. The growing labor shortage and increasing farm wages are driving demand for advanced farm machinery to enhance productivity across the region.

South America Agricultural Machinery Industry Overview

The market is consolidated by a few players holding the major share. The industry is dominated mainly by the local machinery manufacturing industries, and Brazil is the sixth-largest exporter of machinery units. Major key players in the market are Deere & Company, CLAAS KGaA mbH, Mahindra & Mahindra Ltd. CNH Industrial, and AGCO Corporation. In the regions, leading firms predominantly employ strategies like new product launches, partnerships, and acquisitions. These firms are forging strategic alliances with domestic companies to bolster their distribution networks and introduce innovative tractors tailored to local farmers' needs.

South America Agricultural Machinery Market Leaders

  1. Deere & Company

  2. Mahindra & Mahindra Ltd.

  3. CNH Industrial

  4. AGCO Corporation

  5. CLAAS KGaA mbH

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

  • May 2024: CASE IH has launched the new Axial-Flow Series 160 Automation harvesters in Brazil. The company has invested BRL 100 million in its Sorocaba plant to become the global production hub for these harvesters. The new harvesters feature advanced automation technology and are designed for simplicity and productivity.
  • August 2023: Mahindra and Mahindra Ltd introduced four new OJA tractor platforms in Brazil, aiming to improve agricultural practices. The OJA, Mahindra's lightweight tractor platform, was developed in partnership with Mitsubishi Mahindra Agriculture Machinery, Japan, with an investment of USD 145 million.

South America Agricultural Machinery Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Assumptions & 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 Decling Agriculture Labor and Rising Labour Wages
    • 4.2.2 Increase in Area Harvested in South America
    • 4.2.3 Growing Government Support To Enhance Farm Mechanization
  • 4.3 Market Restraints
    • 4.3.1 Increasing Cost of Production is Limiting the Market
    • 4.3.2 Limited Access to Credit
  • 4.4 Porter's Five Forces Analysis
    • 4.4.1 Threat of New Entrants
    • 4.4.2 Bargaining Power of Buyers/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 By Product Type
    • 5.1.1 Tractors
    • 5.1.2 Plowing and Cultivating Machinery
    • 5.1.3 Planting and Fertilizing Machinery
    • 5.1.4 Harvesting Machinery
    • 5.1.5 Haying and Forage Machinery
    • 5.1.6 Irrigation Machineries
    • 5.1.7 Parts and Attachments
    • 5.1.8 Other Product Types
  • 5.2 By Geography
    • 5.2.1 Brazil
    • 5.2.2 Argentina
    • 5.2.3 Rest of South America

6. COMPETITIVE LANDSCAPE

  • 6.1 Most Adopted Strategies
  • 6.2 Market Share Analysis
  • 6.3 Company Profiles
    • 6.3.1 CLAAS KGaA mbH
    • 6.3.2 Kubota Corporation
    • 6.3.3 AGCO Corporation
    • 6.3.4 Mahindra & Mahindra Ltd
    • 6.3.5 Yanmar Holdings Co., Ltd.
    • 6.3.6 Deere & Company
    • 6.3.7 AGRALE S.A
    • 6.3.8 CNH Industrial N.V
    • 6.3.9 Bucher Industries AG
    • 6.3.10 Lindsay Corporation
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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South America Agricultural Machinery Industry Segmentation

The South American agricultural machinery market analyzes the growth, trends, and types of agricultural machinery. The market is segmented by machinery type (tractors, plowing and cultivating machinery, planting and fertilizing machinery, harvesting machinery, haying and forage machinery, irrigation machinery, parts and attachments, and other equipment.) and geography, (Brazil, Argentina, and the Rest of South America.) The market sizing has been conducted in Value Terms (USD) for all the aforementioned segments.

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
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South America Agricultural Machinery Market Research FAQs

How big is the South America Agricultural Machinery Market?

The South America Agricultural Machinery Market size is expected to reach USD 35.82 billion in 2025 and grow at a CAGR of 4.70% to reach USD 45.06 billion by 2030.

What is the current South America Agricultural Machinery Market size?

In 2025, the South America Agricultural Machinery Market size is expected to reach USD 35.82 billion.

Who are the key players in South America Agricultural Machinery Market?

Deere & Company, Mahindra & Mahindra Ltd., CNH Industrial, AGCO Corporation and CLAAS KGaA mbH are the major companies operating in the South America Agricultural Machinery Market.

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

In 2024, the South America Agricultural Machinery Market size was estimated at USD 34.14 billion. The report covers the South America Agricultural Machinery Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the South America Agricultural Machinery Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

South America Agricultural Machinery Parts Industry Report

Statistics for the 2025 South America Agricultural Machinery market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. South America 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.