Argentina Agricultural Machinery Market - Share, Growth, Trends, Forecast (2020 - 2025)

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The Argentinian agri-equipment scenario is characterized by an active manufacturing and trading industry. As per the market share, Brazil and Argentina and Mexico constitute the agricultural machinery market. The industry is dominated mainly by the local machinery manufacturing industries and Argentina is the sixth largest exporter of the machinery units.

The manufacturing of farm machinery and implements in Argentina is long-established and was one of the first industries to develop because of agriculture’s historically lead role in the Argentine economy. Argentina domestic production of agricultural machinery and equipment accounts for between 15%-35% of the total market. There are approximately 130 manufacturers of a wide variety of machinery and many of them rely on imported key parts and components.

However, in line with low commodity prices and austerity measures adopted by Argentina, sales of agri-equipment have plummeted. These sales are expected to climb after implementation of national policies offering support, and a global hike in commodity prices. South American countries like Brazil and Argentina also are growing market share using integrated solutions for higher inputs.

Currently worth $X billion, the Argentinian agri-equipment and machinery market is expected to grow at no less than CAGR 24% over 2015-2020. The market in the country is adversely influenced by economic woes. These include the implementation of its austerity measures, and a global drop in commodity prices. Over 2014, the Football World Cup also influenced sales, as it did for a number of related and peripheral sectors. Other factors include availability of an optimized supply chain, productivity concern, experienced labour force and involvement of FDI in agriculture.

Starting with common tools of farming like plough and sickle, the agricultural machinery industry has products to offer in every stage of a crop cycle. Here market segmentation is done on the basis of product and phase type, for example, tractors, plowing and cultivating machinery, planting and fertilizing, harvesting machinery etc. The combine machine of scarifying, fertilizing and seeding is popular in Argentina; the plough, mineral fertilizer applicator, combine harvester and grain thresher are also in great demand, although only by relatively fewer, affluent farmers.

The Argentina agricultural machinery is dominated by the locally manufactured machinery an export to the other parts of the globe too. The Argentina agricultural machinery and equipment industry faces high competition from renowned players like Deere and Company, AGCO Corp., CNH Industrial N.V, Iseki & Co. Ltd., Kuhn Group, Kverneland Group and Escorts Group operating in market place. The companies here thrive to strengthen their base on the basis of product features, pricing, quality, scale of operation and technology innovation

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