South America Agriculture Tractors is Forecasted to Grow at a CAGR of 5.4% During the Forecast Period, 2019-2024 – ResearchAndMarkets.com

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DUBLIN–(BUSINESS WIRE)–The “South America Agriculture Tractors Market-Size, Trends, Competitive Analysis and Forecasts (2019-2024)” report has been added to ResearchAndMarkets.com’s offering.

The agriculture tractor market was worth USD 7.5 billion in 2018 and is forecasted to grow at a CAGR of 5.4% during 2019-2024.

The South America region is an important region for global agricultural commodity production, accounting for 14% of total global food and agriculture exports and 4% of total food and agriculture imports. The region is expected to play a pivotal role in global food production and exports in the future considering the vast expanse of unexploited agricultural land. Nevertheless, the region is focused on raising agriculture productivity to meet domestic food demand in a sustainable manner and develop export competitiveness. To achieve these goals, the Governments in the region are opting for innovation and technology in agriculture.

This has brought the focus of the region towards

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