Argentina Agricultural Machinery Market -  Share, Growth, Trends, Forecast (2017  - 2022)

Argentina Agricultural Machinery Market - Share, Growth, Trends, Forecast (2017 - 2022)

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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

1. INTRODUCTION

                1.1 Research Methodology

                1.2 Definition of the Market

                1.3 Assumptions

2. KEY FINDINGS OF THE STUDY

3. MARKET DYNAMICS

                3.1 Introduction

                3.2 Drivers

                                3.2.1 Government subsidies and policy support for Farm Mechanization

                                3.2.2 Extensive commercial farming sector

                                3.2.3 Growing export market

                3.3 Constraints

                                3.3.1 Falling commodity prices affecting farmer margins

                                3.3.2 Low purchasing power and high cost

                3.4 Opportunities

                                3.4.1 Demand for modern machineries

                                3.4.2 Precision farming

                3.5 Porter's Five Forces Analysis

                                3.5.1 Bargaining Power of Suppliers

                                3.5.2 Bargaining Power of Buyers

                                3.5.3 Threat of New Entrants

                                3.5.4 Threat of Substitute Products and Services

                                3.5.5 Degree of Competition

4. MARKET SEGMENTATION

               4.1 By Product & phase Type

                                4.1.1 Tractors

                                                4.1.1.1 By Product types

                                                                4.1.1.1.1 Pedestrian

                                                                4.1.1.1.2 Wheeled

                                                4.1.1.2 By Application

                                                                4.1.1.2.1 Utility Tractors

                                                                4.1.1.2.2 Row crop tractors

                                                                4.1.1.2.3 Garden & Orchard type Tractor

                                                                4.1.1.2.4 Others

                                4.1.2 Plowing and Cultivating Machinery

                                                4.1.2.1 By Product Type

                                                                4.1.2.1.1 Ploughs

                                                                4.1.2.1.2 Harrows

                                                                4.1.2.1.3 Cultivators & Tillers

                                                                4.1.2.1.4 Others

                                                4.1.2.2 By Application Type

                                                                4.1.2.2.1 Soil Loosening

                                                                4.1.2.2.2 Clod Size reduction

                                                                4.1.2.2.3 Clod sorting

                                                                4.1.2.2.4 Others

                                4.1.3 Planting and Fertilizing Machinery

                                                4.1.3.1 Planting Machinery

                                                                4.1.3.1.1 Seed Drill

                                                                4.1.3.1.2 Planters

                                                                4.1.3.1.3 Broadcast Seeders

                                                                4.1.3.1.4 Transplanters 

                                                4.1.3.2 Fertilizing Machinery

                                                                4.1.3.2.1 Dry Fertilizer Spreaders

                                                                4.1.3.2.2 Drop Spreaders

                                                                4.1.3.2.3 Rotary Spreaders

                                                                4.1.3.2.4 Others

                                4.1.4 Harvesting Machinery

                                                4.1.4.1 Crop & Grain Harvesting Machine

                                                4.1.4.2 Rootcrop Harvesting Machine

                                                4.1.4.3 Fruits and Vegetable Harvesting Machine

                                                4.1.4.4 Threshers

                                                4.1.4.5 Others

                                4.1.5 Haying and Forage Machinery

                                                4.1.5.1 By Product & phase Type

                                                                4.1.5.1.1 Pull type Forage Harvester

                                                                4.1.5.1.2 Forage Blower

                                                4.1.5.2 By Application types

                                                                4.1.5.2.1 Mowers

                                                                4.1.5.2.2 Conditioners

                                                                4.1.5.2.3 Tedders or inverters

                                                                4.1.5.2.4 Hay rakes

                                4.1.6 Irrigation Machineries

                                                4.1.6.1 By Irrigation types

                                                                4.1.6.1.1 Sprinkler Irrigation

                                                                4.1.6.1.2 Drip Irrigation

                                4.1.7 Parts and Attachments

                                4.1.8 Other Agricultural Equipment

5. Competitive Landscape

                5.1 Mergers & Acquisitions

                5.2 Joint Ventures

                5.3 New Product Launches

                5.4 Most active companies in the past five years

                5.5 Market Share Analysis

6. Company Profiles

                6.1 Agrale

                6.2 Messey Ferguson (AGCO)

                6.3 Deere and Company

                6.4 AGCO Corp.

                6.5 CNH Industrial N.V

                6.6 Randon SA

                6.7 WEG SA

                6.8 Lupatech SA

                6.9 Escorts Group

                6.10 Kubota Tractor Corp

                6.11 Kepler Weber SA

                6.12 Mahindra & Mahindra Ltd.

                6.13 Industrias Romi SA

                6.14 Escorts Limited

                6.15 Foton Lovol International Heavy Industries Company Ltd.

                6.16 Yanmar Company Limited

                6.17 Kubota Corporation

                6.18 Netafim Limited

7. Appendix

                7.1 Sources

                7.2 Disclaimer

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