| Study Period | 2019 - 2030 |
| Base Year For Estimation | 2024 |
| Forecast Data Period | 2025 - 2030 |
| Historical Data Period | 2019 - 2023 |
| CAGR | 2.80% |
Major Players
*Disclaimer: Major Players sorted in no particular order |
South America Utility Tractor Market Analysis by Mordor Intelligence
The South America Utility Tractor Market is expected to register a CAGR of 2.8% during the forecast period.
South America Utility Tractor Market Trends and Insights
Rising Labour Scarcity and Wages
Increasing labor wages and lack of farm labor have led to the increasing rates of mechanization in the region. This is driving the growth of the utility tractor market. Farmers are increasingly adopting agricultural mechanization as a substitute for manual labor with a more cost-effective, easily available, and more efficient means of agricultural operation. According to the world bank, the agricultural employment rate in Brazil in 2016 was 10.8% which had declined to 9.39% by 2018. This trend is expected to continue during the forecast period. The declining employment rate in agriculture coupled with the rising cost of labor is enabling farmers to shift towards mechanization. Thus the utility tractors usage will see a growth during the forecast period.
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Brazil Dominates the Market
Agriculture is one of the main activities in Brazil that contributes significantly to the Brazilian economy. Brazil is one of the major producers of grain, meat, sugar, coffee, and other products. The declining farm laborers to excessive urbanization and industrialization along with the above factors have created a very strong growth for the agriculture tractors market. As per world bank statistics, Brazil's agricultural land area accounted for 33.9% of the total land area a slight decline from the previous year, and this trend is anticipated to continue during the study period indicating the need for enhancing the productivity which can be done through mechanization. The Government is focused on increasing the agriculture export outputs and hence promoting enhancing farm productivity and the quality of products. The Brazilian government has several incentive programs for agriculture from credit lines. Inovagro, which enables technological innovation of agribusiness, planned for technological advancements had received USD 382 million during 2016-17.
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Competitive Landscape
The South America utility tractors market is consolidated with very few players cornering the majority of the market share. New product launches, partnerships, and acquisitions are the major strategies adopted by the leading companies in the market. Some of the leading players in the market studied are Deere & Company, AGCO Corporation, Mahindra & Mahindra Ltd., CNH Industrial America LLC. and CLAAS KGaA mbH.
South America Utility Tractor Industry Leaders
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Deere & Company
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AGCO Corporation
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Mahindra & Mahindra Ltd.
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CLAAS KGaA mbH
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CNH Industrial America LLC.
- *Disclaimer: Major Players sorted in no particular order
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South America Utility Tractor Market Report Scope
For the purpose of this report, the tractors used in agricultural operations between 35 HP-100 HP, especially four-wheeled tractors, have been considered. The report does not cover other agricultural machinery and attachments to tractors. Tractors used for industrial and construction purposes are also excluded from the study.
Geography
| South America | Brazil |
| Argentina | |
| Rest of South America |
| Geography | South America | Brazil |
| Argentina | ||
| Rest of South America |
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Key Questions Answered in the Report
What is the current South America Utility Tractor Market size?
The South America Utility Tractor Market is projected to register a CAGR of 2.8% during the forecast period (2025-2030)
Who are the key players in South America Utility Tractor Market?
Deere & Company, AGCO Corporation, Mahindra & Mahindra Ltd., CLAAS KGaA mbH and CNH Industrial America LLC. are the major companies operating in the South America Utility Tractor Market.
What years does this South America Utility Tractor Market cover?
The report covers the South America Utility Tractor Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the South America Utility Tractor Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.
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South America Utility Tractor Market Report
Statistics for the 2025 South America Utility Tractor market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. South America Utility Tractor 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.
