Geography of the southern region of Brazil supports the production of machinery and equipment for agribusiness, as it plays a role in the agriculture sector. The state of Rio Grande do Sul solely contributes 65% of the equipment and implements used in Brazilian agriculture. Being home to a range of other industries as well, Southern Brazil is renowned for the production of furniture, petrochemical products, wines, paper, pulp, and foodstuffs, as well as many other consumption items and capital goods. Advanced manufacturing, tooling, and machinery is a sector to be approached on a reactive basis, as it is a very complex and wide-reaching sector, connected and tied with many other industries.
Key Market Trends
Manufacturing sector promises a greater boom in the region for the metal fabrication equipment market
Brazil’s competitiveness in the manufacturing sector is expected to strengthen over the coming years. The increasing awareness toward the benefits of Industry 4.0 and creating a strategy for the effective implementation of the 4.0 technologies will certainly aid in driving the success of Industry 4.0 in the Brazilian manufacturing sector. The leadership in the region largely depends on the traditional strengths in mining, agriculture and forestry, and livestock, coupled with its steel, aerospace, automotive, manufacturing, and technology sectors. With a firm vision and a staunch determination to continue its leadership in the region, the country is aiming for more innovative approaches to manufacture these equipment, which are essential for many metal fabricators.
Machining equipment is growing at a faster rate
Brazil is expected to be the largest regional contributor to the metal fabrication process and machining equipment growth in the upcoming years. The regions’ emerging construction and the automotive industries are expected to increase the applications of industrial machining equipment in Latin America. The machine equipment builders increasingly eye for foreign markets, such as the United States. The companies operating in this sector strive to offer equipment solutions that meet customer-specific production problems, not just pieces of equipment. They are continuously integrating with higher levels of technology, and greater capabilities are witnessed in their designs.
Competitive Landscape
There is huge competition in the market, with the presence of both domestic and foreign players. The market is somewhat consolidated with the presence of a few large players with a higher market share. There is enough scope for innovation, and the companies are striving to cater to the changing and ever-evolving needs of the consumers with the best of their ability.
Additional Benefits:
- The market estimate (ME) sheet in Excel format
- 3 months of analyst support
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