Brazil Agricultural Machinery Market Insights Forecasts to 2033

• The Brazil Agricultural Machinery Market Size was valued at USD 7.06 Billion in 2023.
• The Market is Growing at a CAGR of 4.59% from 2023 to 2033
• The Brazil Agricultural Machinery Market Size is Expected to Reach USD 11.06 Billion by 2033

The Brazil Agricultural Machinery Market Size is Anticipated to Reach USD 11.06 Billion by 2033, growing at a CAGR of 4.59% from 2023 to 2033

Market Overview

Agricultural machinery refers to the mechanical tools and devices used in farming. They range from completely manual hand tool, power tool to tractors. These tools are used for both organic and inorganic farming. In terms of arable land Brazil is the largest country and net largest exporter, it exports 5 out of 34 agricultural commodities to other countries hence it contributes to the growth of the agricultural machinery market. Farmers are becoming more aware of the advanced devices and equipment provided by technology related to farming. To increase the cost of production and to enhance sales farmers are adopting agricultural machinery hence propelling the agricultural machinery market.

Report Coverage

This research report categorizes the market for the Brazil agricultural machinery market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the Brazil agricultural machinery market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the Brazil Agricultural Machinery Market.

Driving Factors

Due to the rapid acquisition of small land by the large farmland owners, this unification of land increases demand for farm labor and availability constrain of farm labor in Brazil farmers are shifting towards the use of agricultural machinery hence it propelling the Brazil agricultural machinery market. To improve productivity and meet the national-level demand for agricultural commodities and adoption of modern farming practices enhances the need for advanced agricultural machinery.

Restraining Factors

High costs associated with advanced agricultural machinery constrain market growth. Fragmented land holding by the small land owner and lack of education in the operation of advanced agricultural machinery restrains the market growth.

Market Segmentation

The Brazil agricultural machinery market share is classified into category and haying and forage machinery.

• The tractors segment dominated the largest share of the Brazil agricultural machinery market in projected period.

The Brazil agricultural machinery market is segmented by category into tractors, harvesters, and irrigation systems. Among these, the tractors segment dominated the largest share of the Brazil agricultural machinery market in projected period. The availability of tractors in different sizes and configurations helps in serving various purposes related to agriculture. Due to technological advancement efficacy and performance of the tractor are increased consequently enhancing agricultural productivity and propelling the market. Lower cost effectiveness of tractor plays crucial role in the tractor market. 

• The balers segment is expected to dominate the Brazil agricultural machinery market during the forecast period.

Based on the haying and forage machinery, the Brazil agricultural machinery market is divided into mowers, balers, windrowers, forage choppers, fodder processors, rakers, and tedders. Among these, the balers segment is expected to dominate the Brazil agricultural machinery market during the forecast period. Balers are important for compressing cut and raked crops into compact bales which make them easy to handle, storage, and transportation. Balers are used in animal livestock. It increases the effectiveness of work.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the Brazil agricultural machinery market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Agrale, Art's Manufacturing and Supply, Inc.
• BrazAgro
• Case IH
• Durham Geo Enterprises
• Innovative Sensor Technology
• John Deere
• Kesoja
• Kubota
• Landini
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Recent Developments

• In May 2024, Case IH, a brand of CNH Industrial, launched the Axial-Flow Series 160 Automation, a new line of harvesters. These harvesters are produced in the Sorocaba plant in São Paulo, Brazil. 

• In February 2024, Mahindra & Mahindra has recently made significant strides in the Brazilian agricultural machinery market. They announced the establishment of new production facility in Ararica, Rio Grande do sul, Brazil.

Market Segment

This study forecasts revenue at Brazil, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the Brazil Agricultural Machinery Market based on the below-mentioned segments:

Brazil Agricultural Machinery Market, By Category

• Tractors
• Harvesters
• Irrigation Systems

Brazil Agricultural Machinery Market, By Haying and Forage

• Mowers
• Balers
• Windrowers
• Forage Choppers
• Fodder Processors
• Rakers
• Tedders