"Agriculture equipment" encompasses a wide variety of tools and machines used to increase the production, productivity, and efficiency of farming operations at various stages of the farming cycle. These categories of equipment cover anything from basic hand tools to elaborate machinery including tractors, irrigation systems, harvesters, plows, and seeders. The primary objective is to automate tasks that would otherwise be labor-intensive, time-consuming, or impractical to perform by hand. The equipment used in agriculture today is essential to farming operations because it allows farmers to cultivate larger areas of land, make better use of available resources, increase crop yields, and manage agricultural inputs with efficiency.
According to SPER market research, ‘Mexico Agriculture Equipment Market Size- By Tractors, By Equipment, By Irrgigation Machinery, By Harvesting Machinery, Haying and Forage Machinery - Regional Outlook, Competitive Strategies and Segment Forecast to 2033’ state that the Mexico Agriculture Equipment Market is predicted to reach USD 1096.89 million by 2033 with a CAGR of 4.83%.
Drivers:
The tractor market in Mexico has been driven by the government's beneficial measures, which include funding and support for the acquisition of agricultural machinery and equipment, training programs for those who use this equipment, and the ability to automate agriculture.
Global demand for state-of-the-art machinery has surged due to the growing usage of autonomous and semi-automated planting and fertilizing systems. Additionally, because of improved efficiency, self-propelled spreaders and sprayers are now working faster and across wider swath regions. By ensuring that nutrients and fertilizers are applied uniformly, these devices help the agricultural sector reduce overall operational costs and times while simultaneously boosting crop yields.
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Challenges:
The growth and efficiency of Mexico's agriculture equipment industry are hampered by many challenges. Financial constraints usually prevent the purchase of new machinery, particularly for small-scale farmers who have trouble obtaining loans. Furthermore, poor rural infrastructure—such as poor roads and minimal utilities—hinders the inefficient utilization of equipment. Precision agricultural instruments are examples of modern technology, but their implementation is still sluggish due to factors including lack of awareness and expertise in the field.
The Mexican market for agricultural equipment has been significantly impacted by the COVID-19 pandemic. Lockdowns and other steps to stop the virus's spread caused supply chain disruptions, labor shortages, and economic instability in the agriculture sector, as they did for many other sectors. Delays in the purchase of equipment, a decrease in manufacturing capacity, and difficulties with distribution network logistics resulted from this. Additionally, the economic slump brought on by the epidemic decreased the need for new tools and machinery, which lowered farmers' purchasing power. Despite this, the agricultural sector has shown resilience because it is crucial to the supply of food, as seen by government support programs and actions to maintain agricultural operations.
Mexico Agriculture Equipment Market Key Players:
Additionally, Some of the market key players are AGCO Corp., Aquafim Culiacan, Case IH, CLAAS KGaA mbH, CNH Industrial NV, EnorossiMexicana SA de C, John Deere Mexico, Jumil Mexico Implementos Agricolas.
Mexico Agriculture Equipment Market Segmentation:
By Tractors: Based on the Product Group, Mexico Agriculture Equipment Market is segmented as; Engine Power (Less than 40 HP, 41 to 60 HP, 61 to 100 HP, 101 to 150 HP, More than 150 HP)
By Equipment: Based on the Equipment, Mexico Agriculture Equipment Market is segmented as; Plow, Harrows, Rotovators and Cultivators, Others.
By Irrigation Machinery: Based on the Irrigation Machinery, Mexico Agriculture Equipment Market is segmented as; Sprinkler Irrigation, Drip Irrigation, Others.
By Harvesting Machinery: Based on the Harvesting Machinery, Mexico Agriculture Equipment Market is segmented as; Combine Harvesters, Forage Harvesters, Others.
By Haying and Forage Machinery: Based on the Haying and Forage Machinery, Mexico Agriculture Equipment Market is segmented as; Mowers and Conditioners, Balers, Others.
By Region: This research also includes data for Eastern, Western, Southern, Northern.
This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.
For More Information, refer to below link:-
Mexico Farm Machinery Market Size
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