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Brazil Agricultural Machinery Market - Growth, Trends, and Forecast (2019 - 2024)

  • ID: 4515752
  • Report
  • May 2019
  • Region: Brazil
  • 82 pages
  • Mordor Intelligence
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FEATURED COMPANIES

  • AGCO do Brasil
  • ARGO SpA
  • Claas KGaA mbH
  • John Deere Brasil Ltda
  • Kubota Tractor Corp
  • Massey Ferguson
  • MORE
Market Overview

Brazil agricultural machinery market is expected to grow at a CAGR of 6.7% during the forecast period, 2019-2024. The market is characterized by active manufacturing and trading. The market is dominated mainly by global companies having regional manufacturing units. Brazil is also the sixth largest exporter of machinery units in the world.

Scope of the Report

Machinery used for agricultural activities like planting, seeding, fertilizing, pest control, irrigation, harvesting, haymaking, and post-harvest activities like loading, unloading, and storage are broadly termed as agricultural machinery.

Key Market Trends

The Brazilian Farm Structure and Consolidation of Smaller Farms

The availability of skilled labor in Brazil has been reducing as compared to the increasing area under agricultural activities. As farming is a heavy job for most farmers, they depend on technology to help increase productivity. As of 2018, the agricultural land in Brazil covers about 31% of the total land available out of which 65% is occupied by smaller farms of less than 20 ha. More and more farms are being consolidated in Brazil in order to share the cost of heavy agricultural machinery and solve the national problem of food scarcity in Brazil. Also, as small farms are slowly getting acquired by the bigger ones, the need for agricultural machinery is increasing. Hence, the market for agricultural machinery can be expected to grow at a fast pace in Brazil.

Rising Soybean Production in the Country Driving the Machinery Market

Soybean is the majorly cultivated and exported crop in Brazil. In 2018, Brazilian farmers have witnessed an increase in soybean production by about 10% from 2017 covering more than 30 million hectares of cultivated land in the country. The farmers' investment towards high-cost inputs resulted in positive yields of the soybean crop. Increasing high-cost inputs in the agricultural farms will prevail over the forecast period as the country’s economic conditions have started recovering in 2018 and anticipated to grow during the forecast period. High return profits with increasing crop production and investment towards technology will urge the farmers to adopt agricultural machinery during the forecast period.

Competitive Landscape

The agricultural machinery market in Brazil is consolidated and is dominated by global manufacturers since farmers prefer international companies for assurance of quality and after-sales services offered by the big companies. Machines that are manufactured domestically account for the majority of sales since most international companies have their local production setups in the country.
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • AGCO do Brasil
  • ARGO SpA
  • Claas KGaA mbH
  • John Deere Brasil Ltda
  • Kubota Tractor Corp
  • Massey Ferguson
  • MORE
1 INTRODUCTION
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS
4.1 Market Overview
4.2 Introduction to Market Drivers & Restraints
4.3 Market Drivers
4.4 Market Restraints
4.5 Porter's Five Forces Analysis
4.5.1 Bargaining Power of Suppliers
4.5.2 Bargaining Power of Buyers
4.5.3 Threat of New Entrants
4.5.4 Threat of Substitute Products
4.5.5 Intensity of Competitive Rivalry

5 MARKET SEGMENTATION
5.1 Tractors
5.1.1 Engine Power
5.1.1.1 Less than 35 HP
5.1.1.2 35 to 45 HP
5.1.1.3 46 to 75 HP
5.1.1.4 76 to 100 HP
5.1.1.5 Above 100 HP
5.2 Tractor Attachments
5.2.1 Plowing & Cultivating Machinery
5.2.2 Planting & Fertilizing Machinery
5.2.3 Other Tractor Attachments
5.3 Spraying Machinery
5.3.1 Field Sprayers
5.3.2 Orchard Sprayers
5.4 Harvesting Machinery
5.4.1 Combine Harvesters
5.4.2 Forage Harvesters
5.4.3 Other Crop Harvesting Machinery
5.5 Haying & Forage Machinery
5.5.1 Mowers & Conditioners
5.5.2 Balers
5.5.3 Tedders & Rakes

6 COMPETITIVE LANDSCAPE
6.1 Market Share Analysis
6.2 Company Profiles
6.2.1 John Deere Brasil Ltda
6.2.2 AGCO do Brasil
6.2.3 CNH Industrial Brasil Ltda
6.2.4 Kubota Tractor Corp
6.2.5 Claas KGaA mbH
6.2.6 ARGO SpA
6.2.7 Massey Ferguson

7 MARKET OPPORTUNITIES AND FUTURE TRENDS

8 APPENDIX
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  • John Deere Brasil Ltda
  • AGCO do Brasil
  • CNH Industrial Brasil Ltda
  • Kubota Tractor Corp
  • Claas KGaA mbH
  • ARGO SpA
  • Massey Ferguson
Note: Product cover images may vary from those shown
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