Brazil Agricultural Equipment Market Research Report: Ken Research

1
Brazil Agricultural Equipment Market was led by
Huge Demand in the Domestic as well as
International Market Coupled with Support from
Brazilian Government Ken Research
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Considerable potential in agriculture sector,
economic recovery, regain in the commodity prices
and growing replacement demand will majorly drive
Brazil agriculture equipment market in upcoming
years. Agriculture is an important part of
Brazils economy and it is the only country in
Latin America that achieves surplus in
agricultural machinery import and export trade.
However, fall of commodity prices and difficult
measures adopted by Brazil have negatively
affected the sales of agriculture equipments in
the country. The sale of the equipment is
expected to climb in near future on the back of
implementation of national policies offering
subsidization on rates of machines and hike in
commodity prices.
3
From common tools of farming like plough and
sickle, the agricultural machinery industry in
Brazil offers diversified products in every stage
of a crop cycle. Tractors and combine harvesters
account for the major source of revenue in the
country with a well-developed ecosystem of
manufacturing and sales across various regions.
The replacement market has huge potential in the
country which is further influenced by the
overall economic environment, access to
financing, and the development of new,
technologically-advanced models that can boost
crop yields and reduce production costs. The
agricultural equipment market in Brazil is
supported by government which has set up a series
of policy and mechanism to support agriculture
development, which includes agricultural loan
system, policies of agriculture assurance and
minimum price. Brazil is a huge market for both
finished equipments and parts components.
Brazil is a vital market for parts and components
for final assembly in domestic factories due to
its high tariffs and other barriers to the
importation of finished goods. Additionally,
Brazil has capability of increasing its planted
area which provides considerable room for growth
of the countrys commercial agricultural sector.
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However, during the review period, the sale of
agricultural equipments registered volatile
growth due to falling commodity prices and
increase in the interest rate on official credit
for purchasing agricultural machinery but the
overall agricultural equipments market witnessed
a positive growth. The report titled 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 by Ken
Research suggested that growth in international
trade of agricultural equipment and rising demand
from tractor segment will majorly account for the
overall revenue growth of Brazil agricultural
equipment market in next 5 years till 2022.
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For more information on the research report,
refer to below link https//www.kenresearch.com/
agriculture-and-animal-care/agriculture-equipment/
brazil-agricultural-equipment-market/142609-104.ht
ml Contact UsKen ResearchAnkur Gupta, Head
Marketingsales_at_kenresearch.com91-124-4230204