Argentina Agricultural Machinery Market Report and Forecast 2025-2034

Argentina Agricultural Machinery Market Outlook

The Argentina agricultural machinery market size is projected to grow at a CAGR of 4.30% between 2024 and 2032.

Key Takeaways

• Argentina's agriculture sector is vital to its economy, contributing significantly to its GDP through the production of soy, wheat, and cereals, among other products, further favouring the Argentina agricultural machinery market growth.

• Investments in research and development and technological progress in the agriculture sector are anticipated to create profitable opportunities for key players in the market.

• The integration of automated machinery such as drones to improve productivity is a recent advancement in the agricultural machinery market of Argentina.

Agricultural machinery plays a crucial role in enhancing farm productivity and yield while minimising wastage. By incorporating cutting-edge technologies, such as precision farming and fertiliser spreaders, these machines effectively reduce wastage and optimise activities like sowing, making efficient use of available space. Additionally, machinery like combine harvesters eliminates the loss of harvested products, thereby improving farming efficiency and ensuring a greater food supply for a larger population.

As per the Argentina agricultural machinery market analysis, tractors are an essential product type due to their ability to efficiently perform a wide range of tasks necessary for successful farming operations. From plowing and planting to harvesting and transporting crops, tractors are indispensable in increasing productivity and ensuring the success of agricultural activities in the country. Argentina is known for its vast agricultural lands, with a significant portion of its economy relying on the production of crops such as soybeans, wheat, corn, and barley. Tractors are crucial in preparing the soil for planting, as well as maintaining and harvesting crops in a timely and efficient manner.

The Argentina agricultural machinery market growth is supported by rapid technological advancements and modernisation of farming practices. Argentina’s agriculture sector has been transforming with the adoption of autonomous agricultural vehicles and systems like drones. Drones are being used in agricultural applications as they are capable of autonomously carrying out tasks such as planting and seeding, and spray applications. This advanced machinery reduces the reliance on manual labour and enhances agricultural productivity. Furthermore, drone technology enables farmers to monitor crop conditions, identify problem areas, and apply pesticides with precision, minimising waste and environmental harm. The adoption of these efficient and modern farming techniques is steadily gaining popularity.

Market Segmentation

“Argentina Agricultural Machinery Market Report and Forecast 2024-2032” offers a detailed analysis of the market based on the following segments:

Competitive Landscape

The market players are focusing on product improvements incorporating advanced technologies, along with partnerships and collaborations to increase their market share

• AGCO Corporation

• NH INDUSTRIAL N.V.

• JC Bamford Excavators Ltd.

• CLAAS KGaA mbH

• KUBOTA Corporation

• Deere & Company

• AGRALE S.A

• Mahindra & Mahindra Ltd

• Orbia Advance Corporation S.A.B. (Netafim Ltd.)

• Yanmar Holdings Co., Ltd.

• Others

Key Highlights of the Report