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.
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
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