The Sale of Tractors in Argentina to Reach 7,545 units by 2028, John Deere, CNH Industrial, AGCO, & Kubota are the Major Stakeholders – Arizton

According to Arizton’s latest research report, the Argentina tractor market will grow at a CAGR of 3.42% during 2022-2028. 

The report considers the present scenario of the Argentina tractor market and its market dynamics for 2023−2028. It covers a detailed overview of several market growth enablers, restraints, and trends. The study covers both the demand and supply sides of the industry. It also profiles and analyzes leading companies and several other prominent companies operating in the industry. 

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The agriculture equipment industry heavily relies on the personal experience of farmers with machines and word-of-mouth compliments of users. This scenario is quite evident among farmers that grow similar crops and have comparable land areas. Vendors make a presence among potential buyers with the help of exhibitions and events in which they showcase their latest tractors and related equipment to many farmers. This method is also beneficial in making the potential buyer aware of the latest developments and products vendors offer. The tractor business gears toward social media along with regular catalogs, flyers, and word-of-mouth marketing, as visuals make a strong selling point in the market. The digital space is the latest channel used to promote products on a massive scale. With its distribution partner for tractors, Mahindra carries outdoor campaigns in major agriculture areas of Argentina, highlighting their features and benefits. The company also has a new website and keeps customers up to date with the latest news and developments through social media.  

Transformative Impact of International Vendors on Argentina's Tractor Industry: Enhanced Choices, Innovation, and Brand Loyalty 

The entry of international vendors, such as John Deere and AGCO, changed Argentina's tractor industry's outlook. Farmers now have the option to choose products that fulfill their needs to the maximum. Small farmers can choose lower HP tractors, and large agriculture corporations can easily opt for higher HP tractors. International vendors that invested in the country brought their expertise to agriculture equipment. These players utilized their global presence and capabilities to invest in R&D to develop innovative farming activities.  

Massey Ferguson and John Deere have loyal customers in the country. These brands offer low-maintenance tractors, which helps farmers associate themselves with international brands. The products these global manufacturers make enable high performance and increase yields for farmers in the region. Young farmers follow elder farmers, relying on these global tractor brands to farm their fields. Recently, Argentina witnessed several investment programs carried out by tractor manufacturers through joint ventures and acquisitions. Sonalika, an Indian manufacturer, also sells its tractors under the name Solis in Argentina. 

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Recent Developments in the Argentina Tractor Market 

• In March 2023, John Deere​ announced MY24 updates for its 7, 8, and 9 Series Tractors lineup that will help prepare them for the future of precision agriculture. 
• In June 2022, The CLAAS AXION 900 series of large tractors for contractors and big farms the new AXION 900 series are equipped as standard with the updated, continuously variable ZF Terramatic transmission. 
• AGCO launched the latest Fendt 700 Vario series tractors in August 2022, featuring an upgraded powertrain with VarioDrive transmission and Fendt iD low engine speed concept. This new generation aims to enhance efficiency and productivity for customers. 
• In March 2022, John Deere launched the new electric variable transmission (EVT) for select 8 Series Tractors and a new JD14X engine for 9 Series. 
• Massey Ferguson launched the MF 6S series tractors in In February 2022. This machine provides up to 180 HP with advanced technology. 

Key Company Profiles 

• John Deere 
• CNH Industrial 
• AGCO 
• Kubota 
• CLAAS 
• Deutz-Fahr 
• Mahindra 
• KIOTI 
• Hanomag 
• RolandH 
• Agrale 
• Zetor 
• LS Tractor 
• TYM Corporation 

Market Segmentation 

• Horsepower: Less Than 50 HP, 50 HP-100 HP, 101–150 HP, and Above 150 HP 
• Wheel Drive: 2-Wheel-Drive and 4-Wheel-Drive 
• Region: Pampas, North, Patagonia, and Andes 

Key Questions Answered in the Reports: 

What are the expected units sold in the Argentina tractor market by 2028? 

What is the growth rate of the Argentina tractor market? 

How big is the Argentina tractor market? 

Which region holds the largest Argentina tractor market share? 

Who are the key companies in the Argentina tractor market?  

Check the detailed table of contents of the report @ https://www.arizton.com/market-reports/argentina-tractors-market?details=tableOfContents 

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