Latin America Center Pivot Irrigation Systems Market Size & Outlook
The center pivot irrigation systems market in Latin America is expected to reach a projected revenue of US$ 450.9 million by 2030. A compound annual growth rate of 10.9% is expected of Latin America center pivot irrigation systems market from 2024 to 2030.
Revenue, 2023 (US$M)
$218.4
Forecast, 2030 (US$M)
$450.9
CAGR, 2024 - 2030
10.9%
Report Coverage
Latin America
Latin America center pivot irrigation systems market, 2018-2030 (US$M)
Latin America center pivot irrigation systems market highlights
- The Latin America center pivot irrigation systems market generated a revenue of USD 218.4 million in 2023.
- The market is expected to grow at a CAGR of 10.9% from 2024 to 2030.
- In terms of segment, pivot points was the largest revenue generating component in 2023.
- Pivot Points is the most lucrative component segment registering the fastest growth during the forecast period.
Latin America data book summary
| Market revenue in 2023 | USD 218.4 million |
| Market revenue in 2030 | USD 450.9 million |
| Growth rate | 10.9% (CAGR from 2023 to 2030) |
| Largest segment | Pivot points |
| Fastest growing segment | Pivot Points |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Pivot Points |
| Key market players worldwide | AGCO Corp, Deere & Co, Kubota Corp, CNH Industrial NV, Mahindra & Mahindra Ltd DR, STIHL, DJI, Yamaha Motor Co Ltd, Exel Industries, Buhler Industries Inc, Ecorobotix |
Other key industry trends
- In terms of revenue, Latin America region accounted for 13.5% of the global center pivot irrigation systems 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 581.3 million by 2030.
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Center Pivot Irrigation Systems Market Scope
Center pivot irrigation systems market segmentation & scope
Farm Size
Small
Medium
Large
Crop Type
Oilseeds & Pulses
Cereals
Others
Countries
U.S.
Canada
Mexico
Germany
France
UK
China
India
Japan
Brazil
UAE
Saudi Arabia
South Korea
Australia
South Africa
Center Pivot Irrigation Systems Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Latin America center pivot irrigation systems market
Related regional statistics
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