Latin America Compact Agricultural Tractors Market Size & Outlook
Latin America compact agricultural tractors market highlights
- The Latin America compact agricultural tractors market generated a revenue of USD 756.7 million in 2024.
- The market is expected to grow at a CAGR of 7.5% from 2025 to 2030.
- In terms of segment, below 30hp was the largest revenue generating engine power in 2024.
- Below 30HP is the most lucrative engine power segment registering the fastest growth during the forecast period.
Latin America data book summary
| Market revenue in 2024 | USD 756.7 million |
| Market revenue in 2030 | USD 1,159.8 million |
| Growth rate | 7.5% (CAGR from 2025 to 2030) |
| Largest segment | Below 30hp |
| Fastest growing segment | Below 30HP |
| Historical data covered | 2018 - 2023 |
| Base year for estimation | 2024 |
| Forecast period covered | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Below 30HP |
Other key industry trends
- In terms of revenue, Latin America region accounted for 4.3% of the global compact agricultural tractors market in 2024.
- Globally, Asia Pacific 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 15,857.5 million by 2030.
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Compact Agricultural Tractors Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Daedong Industrial | View profile | 1001-5000 | Daegu, Taegu-jikhalsi, South Korea, Asia | http://www.daedong.co.kr |
| Mahindra & Mahindra | View profile | 10001+ | Mumbai, Maharashtra, India, Asia | http://mahindratractor.com |
| TYM | View profile | 1001-5000 | Seoul, Seoul-t'ukpyolsi, South Korea, Asia | https://tym.world |
| Yanmar | View profile | 1001-5000 | Adairsville, Georgia, United States, North America | http://yanmar.com |
| International Tractors Ltd | View profile | 501-1000 | Hoshiarpur, Punjab, India, Asia | http://www.international.sonalika.com/ |
| Kubota Tractor | View profile | 1001-5000 | Grapevine, Texas, United States, North America | https://www.kubotausa.com |
| AGCO Corporation | View profile | 10001+ | Beloit, Kansas, United States, North America | https://www.sunflowermfg.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 |
Latin America compact agricultural tractors market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to compact agricultural tractors market will help companies and investors design strategic landscapes.
Below 30hp was the largest segment with a revenue share of 106.94% in 2024. Horizon Databook has segmented the Latin America compact agricultural tractors market based on below 30hp covering the revenue growth of each sub-segment from 2018 to 2030.
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Our clientele includes a mix of compact agricultural tractors market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America compact agricultural tractors market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America compact agricultural tractors market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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