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Brazil Agriculture Equipment Industry

Improved technology such as in precision farming, expanding planted area, increased government initiatives, reducing import tariffs, improvements in infrastructure and a growing demand for soybeans have been the key factors driving growth in the Brazil agriculture equipment market.

The Brazilian agriculture equipment market is currently in a recovery stage after its decline during 2013-2016. The financial crisis faced by Brazil during 2014-2016 has impacted the sales of agricultural machinery during the review period and the market has slowly begun its revival, starting from 2017. The market is largely dominated by the top three global players John Deere, ACGO & CNH as farmers prefer the international companies due to the higher quality of product and better after sales service offered by these players. Domestic manufacturing accounts for the vast majority of machinery sales due to the presence of local production plants of all the major companies. The major region in terms of sales volume is the Southern region of Brazil followed by the Midwestern and Midwestern areas. Tractors account for the majority of sales, followed by tillage equipments and precision farming tools.

The report titled“Brazil Agricultural Equipment Market Outlook to 2023-By Product Type (Tractors, Combine Harvesters, Tillage Equipment, Precision Farming Equipments, Planters & Seeders and Others), By Domestic Production & Imports and By Region (South, North, Midwest and Mideast) suggests that the growth key is in the hands of rate of adaptation of advance machinery by both small & large scale farmers in Brazil. The market is growing at a rate slightly over 8% year-on-years in 2018.


Brazil Agricultural Equipment Market

The ongoing trade war between China and the US has drastically shifted China’s import of oilseed from the US to Brazil. Farmers in Brazil have invested heavily in soybean resulting in Brazil’s soybean production increasing from 88 million tons in 2013/2014 to an expected 119 million tons by 2018. This has led to the increased procurement of machinery specific for soybean planting and harvesting. The significant boost in productivity and efficiency offered by the use of machines has encouraged the purchase of the latest combine harvesters, planters and sprayers in Brazil. The use of machines improves the quality and quantity of produce, leading to increased revenues and also reduces the perils of the business.

The increased productivity and efficiency of precision farming has led to the inclusion of tools such as GPS, plant monitoring and mapping. This has increased the prices of machinery such as sprayers, seeders and tractors, leading to higher revenues. World population is steadily growing and Brazil is expected to cater to the growing demand for food as it is one of the few countries in the world with the availability of expanded planted area. Brazil is growing its planted area at a pace of 500,000-700,000 hectares each year and the county is expected to increase its arable land by 49 million hectares over the coming decades. The increased land available for production has led to higher purchases of agricultural equipment. The government of Brazil has also implemented various incentive programs supporting the growth of small to medium sized rural producers driving the growth in the agricultural machinery market. Pronamp and Inovagro are two such initiatives that facilitate the financing of investments and incorporation of technological innovations in rural holdings with the aim to increase productivity. Pronamp received a 12% increase in budget to BRL 21.7 billion for the 2017/2018 cycle. These are some of the factors responsible for the growth of the agricultural equipment market in Brazil.

Keywords:-

Brazil Agricultural Equipment Market

Brazil Agricultural Equipment Industry

Brazil Agriculture Machinery Market

Agriculture Equipment Product Competition

Brazil Tractor Market Major Companies

Tractor Horse Power Brazil

Tractor Wheel Type Brazil

Sprayers Market Brazil

Harvester Financing Brazil

Machine Rental Space Brazil

Harvester Rental Brazil

Best Seller Harrow Brazil

Best Seller Harvester Brazil

Farmers Weekly Brazil

Brazil Coffee Plantation Machines

Brazil Rice Agriculture Equipment Market

Key Segments Covered:-

Market Segmentation by Product Type Including Tractors, Tillage Equipment, Planters & Seeders, Sprayers, Combine Harvesters, Precision Farming Equipments and Other Agricultural Equipments on the Basis of Sales Volume

Tractor Market Segmentation by Tractor Power Level (Low Level-Upto 130 HP, Medium Level-130 to 200 HP, High Level-200 HP to 500 HP) on the Basis of Sales Volume

Market Segmentation By Place of Production (Domestic Manufacturing & Imports) on the Basis of Sales Volume

Market Segmentation By Region (South, Midwest, Mideast, North) on the Basis of Sales Volume

Key Target Audience:-

Existing Agricultural Equipment Companies

New Market Entrants

Agricultural Equipment Financing Companies

Government Bodies

Investors & Venture Capitalist Companies

Agricultural Equipment Manufacturers

Agricultural Equipment Distributors

Agricultural Equipment Importers

Agricultural Equipment Associations

Agricultural Equipment Original Equipment Manufacturer

Time Period Captured in the Report:-

2013-2018 – Historical Period

2019-2023 – Future Forecast

Companies Covered:-

John Deere, Massey Ferguson, Valtra, Case IH, New Holland, Kuhn, Agrale, Stara, Sameato, Yanmar, Landini, Kubota, MacDon Brazil, Mahindra, Kesoja, Mahindra Group, Myron L Company, Art’s Manufacturing and Supply, Inc. (AMS Inc.),  Innovative Sensor Technology (IST), Durham Geo Enterprises (part of Nova Metrix LLC), NovaLynx Corporation, BrazAgro

For more information on the research report, refer to below link:-

Brazil Agricultural Equipment Market

Related Reports:-

South Africa Agricultural Equipment Market Outlook to 2025-By Product Type (Tractors, Tillage Equipment, Planters & Seeders, Sprayers, Combine Harvesters, Precision Farming and Others); By Domestic Sales and Import; By Region (Free State, Mpumalanga, Kwa Zulu Natal and others)

Egypt Agricultural Machinery Market Outlook to 2021 – Consolidation of Small Farm Holdings and Improving Credit Conditions to Foster Future Growth

India Agricultural Equipment Market Outlook to 2017 – High Labor Scarcity and Government Subsidies Driving Agricultural Mechanization

Indonesia Agricultural Machinery Market Outlook to 2020 – Integration of Small Farm holding Structure and Government Support to Foster Growth

Thailand Agricultural Machinery Market Outlook to 2020 – Changing Labour Force Pattern and Improving Credit Conditions to Foster Future Growth

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Ken Research

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+91 9015378249

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