“The Brazil Agricultural and Construction Equipment Market is expected to grow at a CAGR of 7.17% during the forecasting period (2021-2028).”
An agricultural system is equipment utilized in farming or different agriculture. There are many forms of such material, from hand equipment and electricity tools to tractors. Construction gadget is the devices used in structures to shift large quantities of dust, dig foundations, and panorama regions.
Brazil is one of the few nations which is still capable of increasing its planted vicinity. Large quantities of Brazil’s savanna or prairie vicinity are to be had for cultivation, leaving substantial room for growth of the united states of America’s industrial agricultural area.
The growing populace is leading to the expansion of farm place in the united states, thereby contributing to the call for agricultural devices.
Brazil is one of the big, dynamic, and rapidly developing marketplaces for agricultural devices. This boom is pushed by using an extensive industrial farming area. Moreover, the USA leads in exporting agricultural merchandise along with soybean, sugar, coffee. It is expected the state has approximately 219 million hectares of land unfastened for agribusiness.
This, mixed with good weather and the supply of water and fertile land, locations Brazil as one of the nations with the very best capacity to meet the growing demands for meals on earth.
According to the World Bank population of Brazil has grown from 196 million in 2010 to 210 million by using 2017.
Government guide to farmers with the aid of presenting subsidies over the agricultural devices is boosting the market.
By Agricultural Equipment
< 30 hp Farm Tractor Market
31-100 hp Farm Tractor Market
100-200 hp Farm Tractor Market
> 200 hp Farm Tractor Market
By Construction Equipment
Heavy Construction Vehicles
The Brazilian agricultural equipment market is a consolidated market with three companies occupying the majority of the market share in 2017. Around 60% of the Brazil agrarian equipment market is attributed to three companies namely CNH Industrial, AGCO Corporation, and John Deere. CNH possesses tractor brands such as CASE, New Holland. Whereas other major tractor maker holds two major tractor brands namely Massey Ferguson and Valtra. Other prominent tractor makers in Brazil include Agrale, Kubota, Yanmar, M&M.
The Brazil construction equipment market is a moderately consolidated market with five companies occupying the majority of the market share in 2017. Caterpillar and Komatsu are the major players in the Brazilian construction equipment market; these two companies’ significant product portfolio includes excavators, material handlers. Volvo is another player in which is prominent player in this market driven by the excavator, material handling vehicle products.