남미의 농기구 시장 : 시장 점유율 분석, 업계 동향 및 통계, 성장 예측(2026-2031년)

According to Mordor Intelligence, the South America farm implements market was valued at USD 10.98 billion in 2025, estimated at USD 11.64 billion in 2026, and is forecasted to reach USD 15.55 billion by 2031, at a CAGR of 5.97% during the forecast period from 2026 to 2031.

This report is Segmented by Product Type (Tractors, Harvesters, Soil Preparation and Cultivation Equipment, and More), by Mode of Operation (Powered Implements and Unpowered Implements), by Power Output (Below 30 HP, 31-70 HP, 71-130 HP, and Above 130 HP), and by Geography (Brazil, Argentina, and Rest of South America). The Market Forecasts are Provided in Terms of Value (USD).

South America Farm Implements Market Trends and Insights

Labor Scarcity and Rising Mechanization Intensity

Labor shortages across South America's agricultural sector are accelerating the adoption of mechanized farm implements. Rural-to-urban migration, an aging agricultural workforce, and declining availability of seasonal labor are increasing the reliance on machinery for field operations across major agricultural economies, including Brazil, Argentina, and Chile. The impact is particularly evident in labor-intensive crops such as sugarcane, fruits, coffee, and horticultural products, where timely planting, crop protection, and harvesting are critical to maintaining productivity. As a result, growers are increasingly investing in farm implements that improve operational efficiency, reduce dependence on manual labor, and ensure field operations are completed within narrow seasonal windows. These structural labor constraints continue to support long-term demand for farm implements across the South America farm implements market.

Public Credit and Mechanization Subsidies

Brazil launched Plano Safra 2025-2026 with BRL 89 billion (USD 17.18 billion) in rural credit for family farming. The program supports machinery purchases by producers who may not qualify for conventional commercial lending. Its financing structure helps farmers replace basic equipment and purchase smaller implements suited to their acreage and operational needs. The National Program for Strengthening Family Farming (PRONAF) supports this route to mechanization and broadens the potential customer base. For suppliers in the South America farm implements market, public financing links demand growth with local production and dealer access. This trend highlights the importance of public financing programs in expanding access to mechanization, supporting broader adoption of farm implements across the South America farm implements market.

High Upfront Cost and Interest-Rate Sensitivity

According to Banco Central do Brasil data, Brazil's enterprise rural-credit disbursements declined 12% in the 2025/2026 crop plan. Tighter lending conditions can delay fleet replacement, particularly for smaller and mid-sized operations. Higher collateral requirements and farm debt make unsupported borrowing harder to secure. The gap between commercial and subsidized financing rates determines whether many producers can make equipment purchases. This exposes suppliers to shifts in lending conditions and the availability of government-backed programs. The South America farm implements market will remain sensitive to financing costs, as machinery represents a high-value farm investment.

Other drivers and restraints analyzed in the detailed report include:

1. Precision Agriculture and Input-Optimization Adoption
2. Contract Farming, Custom Hiring, and Dealer-Led Rental Services
3. Commodity-Price and Farm-Income Volatility

For complete list of drivers and restraints, kindly check the Table Of Contents.

Segment Analysis

Tractors accounted for 45.3% of the South America farm implements market in 2025. They remain central to planting, tillage, spraying, transport, and other field activities across commercial farms. Dealers commonly bundle tractor and attachment financing, making the tractor a key component of broader equipment purchases. Replacement activity in Brazil and commercial farming operations in Argentina continue to support this category. Harvesters also held a significant share, with Argentina recording stronger combined sales in 2025 as producers renewed their fleets. Soil-preparation equipment, planting and seeding equipment, irrigation equipment, and crop-protection implements serve the main stages of field production. Haying and forage equipment supports livestock and dairy operations where reliable feed preparation is essential. These product groups provide suppliers with multiple entry points into farm accounts with varying crop and acreage requirements.

Precision and autonomous implements are the fastest-growing product category in the South America farm implements market, forecast to expand at a 12.5% CAGR between 2026 and 2031. This growth is driven by demand for GPS guidance, variable-rate application, section control, and connected machinery. These functions help farms manage inputs more efficiently and improve operational consistency. Grupo Jacto commercially launched Brazil's first autonomous sprayer at Agrishow 2026, marking the entry of autonomous equipment into commercial use. Growth opportunities exist in both newly manufactured equipment and add-on technology for existing fleets. European precision suppliers may gain greater market access as the Mercosur-European Union trade framework moves into implementation. Brazil's Manual de Credito Rural (MCR) rules continue to support local manufacturing or partnerships when equipment is purchased using equalized rural credit. Product suppliers therefore require both advanced technology capabilities and local service infrastructure.

Complete Report Scope:

• By Product Type
  • Tractors
  • Harvesters
  • Soil Preparation and Cultivation Equipment
  • Planting, Seeding, and Fertilizing Equipment
  • Irrigation and Crop-Protection Implements
  • Precision and Autonomous Implements
  • Haying and Forage Equipment
  • Other Implements
• By Mode of Operation
  • Powered Implements
  • Unpowered Implements
• By Power Output
  • Below 30 HP
  • 31-70 HP
  • 71-130 HP
  • Above 130 HP
• By Geography
  • Brazil
  • Argentina
  • Rest of South America

List of Companies Covered in this Report:

1. Deere & Company
2. CNH Industrial N.V. (Exor N.V.)
3. AGCO Corporation
4. Mahindra and Mahindra Ltd.
5. Kubota Corporation
6. CLAAS KGaA mbH
7. J.C. Bamford Excavators Ltd.
8. LS Mtron Ltd. (LS Holdings Co., Ltd.)
9. Maquinas Agricolas Jacto S.A. (Grupo Jacto)
10. Stara S/A Industria de Implementos Agricolas
11. Marchesan Implementos e Maquinas Agricolas TATU S.A.
12. Agrale S.A.
13. Valmont Industries, Inc.
14. Lindsay Corporation
15. Metalfor S.A.

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support

TABLE OF CONTENTS

1 INTRODUCTION

• 1.1 Study Assumptions and Market Definition
• 1.2 Scope of the Study

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET LANDSCAPE

• 4.1 Market Overview
• 4.2 Market Drivers
  • 4.2.1 Labor scarcity and rising mechanization intensity
  • 4.2.2 Public credit and mechanization subsidies
  • 4.2.3 Expansion of medium-horsepower tractor and implement fleets
  • 4.2.4 Contract farming, custom hiring, and dealer-led rental services
  • 4.2.5 Precision agriculture and input-optimization adoption
  • 4.2.6 Regional manufacturing and Mercosur-linked supply localization
• 4.3 Market Restraints
  • 4.3.1 High upfront cost and interest-rate sensitivity
  • 4.3.2 Fragmented holdings and low equipment utilization
  • 4.3.3 Commodity-price and farm-income volatility
  • 4.3.4 Import, currency, and component-cost exposure
• 4.4 Regulatory Landscape
• 4.5 Technological Outlook
• 4.6 Porter's Five Forces Analysis
  • 4.6.1 Intensity of Competitive Rivalry
  • 4.6.2 Supplier Power
  • 4.6.3 Buyer Power
  • 4.6.4 Threat of New Entrants
  • 4.6.5 Threat of Substitutes

5 MARKET SIZE AND GROWTH FORECASTS (VALUE)

• 5.1 By Product Type
  • 5.1.1 Tractors
  • 5.1.2 Harvesters
  • 5.1.3 Soil Preparation and Cultivation Equipment
  • 5.1.4 Planting, Seeding, and Fertilizing Equipment
  • 5.1.5 Irrigation and Crop-Protection Implements
  • 5.1.6 Precision and Autonomous Implements
  • 5.1.7 Haying and Forage Equipment
  • 5.1.8 Other Implements
• 5.2 By Mode of Operation
  • 5.2.1 Powered Implements
  • 5.2.2 Unpowered Implements
• 5.3 By Power Output
  • 5.3.1 Below 30 HP
  • 5.3.2 31-70 HP
  • 5.3.3 71-130 HP
  • 5.3.4 Above 130 HP
• 5.4 By Geography
  • 5.4.1 Brazil
  • 5.4.2 Argentina
  • 5.4.3 Rest of South America

6 COMPETITIVE LANDSCAPE

• 6.1 Market Concentration
• 6.2 Strategic Moves
• 6.3 Market Share Analysis
• 6.4 Company Profiles (Includes Global Level Overview, Market Level Overview, Core Segments, Financials as Available, Strategic Information, Market Rank/Share, Products and Services, Recent Developments)
  • 6.4.1 Deere & Company
  • 6.4.2 CNH Industrial N.V. (Exor N.V.)
  • 6.4.3 AGCO Corporation
  • 6.4.4 Mahindra and Mahindra Ltd.
  • 6.4.5 Kubota Corporation
  • 6.4.6 CLAAS KGaA mbH
  • 6.4.7 J.C. Bamford Excavators Ltd.
  • 6.4.8 LS Mtron Ltd. (LS Holdings Co., Ltd.)
  • 6.4.9 Maquinas Agricolas Jacto S.A. (Grupo Jacto)
  • 6.4.10 Stara S/A Industria de Implementos Agricolas
  • 6.4.11 Marchesan Implementos e Maquinas Agricolas TATU S.A.
  • 6.4.12 Agrale S.A.
  • 6.4.13 Valmont Industries, Inc.
  • 6.4.14 Lindsay Corporation
  • 6.4.15 Metalfor S.A.

7 MARKET OPPORTUNITIES AND FUTURE OUTLOOK