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:-
Related Reports:-
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Ken
Research
Ankur
Gupta, Head Marketing & Communications
+91 9015378249
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