According to SPER Market Research, the Brazil’s Agriculture Equipment Market is a dual agricultural nation because its agricultural sector is composed of both large-scale commercial farmers and cooperatives and subsistence-based family farmers. The nation is self-sufficient in terms of agricultural products, and in the last ten years, it has evolved from being a major net importer to a global exporter of agricultural products. The southern half of the nation experiences higher rainfall, more fertile soil, and improved technological utilization, making it a highly productive region, particularly for cereals and oilseeds. The nation is currently in its recovery stage as a result of the recent decrease in sales brought on by a severe recession and drought, which had stifled productivity growth.
In Brazil, the market for agricultural equipment is anticipated to have CAGR growth. A number of variables, such as population increase, rising energy demand, multifunctional machinery, changes in consumer behavior, and rising demand and pricing for agricultural products, are anticipated to contribute to the double-digit growth. Because it provides farmers greater efficiency and production, precision agricultural equipment is expected to develop at the fastest rate. The main catchment areas in Brazil are the country's cerrado and central and southern west regions.
The COVID-19 pandemic also resulted in limits on worker mobility, a fall in farmer demand, and the closure of equipment manufacturing facilities, in addition to the disruptions in the industry's value chain from raw materials supply through manufacture, packaging, and distribution. Due to frequent lockdowns, the industry experienced acute labour shortages that had an impact on machinery production. As a result, during the early stages of the pandemic in previous years, problems in transportation and logistics had a negative impact on production and the market for agricultural equipment in terms of sales volumes.
Brazil Agriculture Equipment Market Overview:
- Forecast CAGR (2022-2032): XX%
- Forecast Market Size (2032): XX billion
Brazil is a dual agricultural nation because its agricultural industry is made up of both large-scale commercial farmers and cooperatives and family farmers who only cultivate for sustenance. The nation has been a top net exporter of agricultural products globally in the last ten years, becoming self-sufficient in terms of agricultural products. Because of its higher rainfall, richer soil, and sophisticated use of technology, the southern half of the nation is a highly productive area, particularly for cereals and oilseeds. Due to previous sales declines brought on by a severe recession and drought, which constrained productivity growth, the nation is currently in its recovery stage.
Impact of COVID-19 on the Brazil Agriculture Equipment Market
The COVID-19 problem has caused a drop in agricultural income and commodity prices, which forced farmers to forego investing in new machinery and consequently reduced market sales. The market slowed down during the pandemic as global supply chains were disrupted and industrial industries shut down in compliance with government initiatives to stop the virus from spreading.
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Brazil Agriculture Equipment Market Key Segments Covered:
The SPER Market Research report seeks to give market dynamics, demand, and supply forecasts for the years up to 2032. This report contains statistics on product type segment growth estimates and forecasts.
By Product Type:
- Combine Harvesters
- Planters & Seeders
- Precision Farming Equipment
- Sprayers
- Tillage Equipment
- Tractors
By Place of Production:
- Domestic Manufacturing
- Imports
By Tractor Power Level:
- Low Level- Up to 130 HP
- Medium Level-130 to 200 HP
- High Level-200 HP to 500 HP
By Region:
- Mideast
- Midwest
- North
- South
In terms of sales volume, the South holds the largest market share, closely followed by the Midwest and the East. The highest level of mechanization and optimal conditions for agricultural production are found in the southern areas, particularly the cerrado region, which accounts for the region's significant market share.
Brazil Agriculture Equipment Market Key Players:
The market study provides market data by competitive landscape, revenue analysis, market segments and detailed analysis of key market players such as; Agrale, Art’s Manufacturing and Supply, Inc., BrazAgro, Case IH, Durham Geo Enterprises, Innovative Sensor Technology, John Deere, Kesoja, Kubota, Kuhn, Landini, MacDon Brazil, Mahindra, Massey Ferguson, Myron L Company, New Holland, NovaLynx Corporation, Sameato, Stara, Valtra, Yanmar.
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Brazil Agriculture Equipment Market Size
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