Brazil Agricultural Equipment Market Brazil Agricultural Equipment market size | Page 2

Over the review period, Brazilian economy has gone through rough times but it is showing
signs of recovery since 2017, and agribusiness is set to be the first to emerge from the
economic slump. The farmers are likely to shift from agriculture to smart agriculture with
the growing involvement of technology in the agriculture industry. It is anticipated that
technology will be an increasingly important ally, especially in the area of digital farming,
which will offer new opportunities to support farmers in decision-making based on data,
leading to efficiency and management gains. It is expected that there will be more favorable
weather and economic conditions which will boost agriculture sector in the country which
will indirectly affect the agricultural equipment demand in the country. The prices of
commodities will increase in the near future which will improve profit margins for the
farmers and it will aid them in purchasing agricultural equipments for improvement of
gains and better productivity.
The growth in sales of two wheel and four wheel tractors is complemented with the growth
in tractor implements as majority of farmers purchase tractor implements along with new
tractors. The market for tractor and implements is expected to augment in the future as
manufacturers will quote prices of implements such as levelers and ploughs along with
tractors. Agricultural equipment companies in Brazil have huge expectations for expansion
in Asian countries and high demand from African countries. With a good position in the
international market, Brazil faces competition from developed countries, regarding quality
and industrial tradition, as well as developing countries, which offer competitive prices due
to the low cost of their inputs and labor. With the economic recovery and increase in
demand for mechanization the market for agricultural equipments will grow during
forecasted period.
Area under Cultivation in Brazil, Crop Production in Brazil, Number of Farms in Brazil,
GDP from Agriculture and Spendings on Agriculture are some other key factors that may
have positive impact on the market, according to the Analyst at Ken Research.
Ken Research in its latest study, Brazil Agricultural Equipment Market by Major Products
(Tractors, Combine Harvesters, Tractor Implements and Rice Transplanters), By
Application (Land Development, Sowing & Planting, Weed Cultivation, Harvesting &
Threshing, Post-harvest & Agro Processing), By Planting Equipment (Row Crop Planters,
Air Seeders, Grain Drills and Others) and By Major Regions – Outlook to 2022, suggests
that demand for agriculture equipment in the country will grow at a positive growth rate
majorly owing to ease in credit policies and recovery of agriculture sector.
Key Topics Covered in the Report
Agricultural Equipment Market in Brazil
Business Model in Brazil Agricultural Equipment Market
Brazil Agricultural Equipment market size
Brazil Tractor Market Size