Latin America Autonomous Tractors Market Size & Outlook
The autonomous tractors market in Latin America is expected to reach a projected revenue of US$ 267.3 million by 2030. A compound annual growth rate of 11.8% is expected of Latin America autonomous tractors market from 2024 to 2030.
Revenue, 2023 (US$M)
$122.5
Forecast, 2030 (US$M)
$267.3
CAGR, 2024 - 2030
11.8%
Report Coverage
Latin America
Latin America autonomous tractors market highlights
- The Latin America autonomous tractors market generated a revenue of USD 122.5 million in 2023.
- The market is expected to grow at a CAGR of 11.8% from 2024 to 2030.
- In terms of segment, less than 40 hp was the largest revenue generating power output in 2023.
- Less than 40 HP is the most lucrative power output segment registering the fastest growth during the forecast period.
Latin America data book summary
| Market revenue in 2023 | USD 122.5 million |
| Market revenue in 2030 | USD 267.3 million |
| Growth rate | 11.8% (CAGR from 2023 to 2030) |
| Largest segment | Less than 40 hp |
| Fastest growing segment | Less than 40 HP |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Less than 40 HP |
| Key market players worldwide | Deere & Co, CNH Industrial NV, AGCO Corp, Kubota Corp, CLAAS, Yanmar, Mahindra & Mahindra Ltd DR, SDF S.p.A., TYM, Monarch Tractor |
Other key industry trends
- In terms of revenue, Latin America region accounted for 7.3% of the global autonomous tractors market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 1,018.9 million by 2030.
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Autonomous Tractors Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| TYM | View profile | 1001-5000 | Seoul, Seoul-t'ukpyolsi, South Korea, Asia | https://tym.world |
| SDF S.p.A. | View profile | 1001-5000 | Treviglio, Lombardia, Italy, Europe | https://www.sdfgroup.com |
| Yanmar | View profile | 1001-5000 | Adairsville, Georgia, United States, North America | http://yanmar.com |
| Monarch Tractor | View profile | 11-50 | Livermore, California, United States, North America | https://monarchtractor.com/ |
| CLAAS | View profile | 10001+ | Harsewinkel, Nordrhein-Westfalen, Germany, Europe | https://claas-gruppe.com |
| Kubota Corp | View profile | 65532 | 2-47, Shikitsuhigashi 1-Chome, Naniwa-ku, Osaka, Japan, 556-8601 | http://www.kubota.co.jp |
| Mahindra & Mahindra Ltd DR | View profile | 61874 | Dr. G. M. Bhosale Marg, Mahindra Towers, 5th Floor, Worli, Mumbai, MH, India, 400 018 | https://www.mahindra.com |
| AGCO Corp | View profile | 27900 | 4205 River Green Parkway, Duluth, GA, United States, 30096 | https://www.agcocorp.com |
| CNH Industrial NV | View profile | 40496 | Cranes Farm Road, Basildon, Essex, London, United Kingdom, SS14 3AD | https://www.cnhindustrial.com |
| Deere & Co | View profile | 83000 | One John Deere Place, Moline, IL, United States, 61265 | https://www.deere.com |
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