Brazil Agricultural Tractors Market (2020-2026) | Industry, Size, Value, Forecast, Growth, Revenue, Share, Trends, Analysis, Outlook & COVID-19 IMPACT

Brazil Agricultural Tractors Market | Country-Wise Share and Competition Analysis

In the year 2021, India was the largest exporter in terms of value, followed by Italy. It has registered a growth of 65.57% over the previous year. While Italy registered a growth of 67.28% over the previous year. While in 2017 the USA was the largest exporter followed by Italy. In terms of the Herfindahl Index, which measures the competitiveness of countries exporting, Brazil has a Herfindahl index of 2504 in 2017 which signifies high concentration while in 2021 it registered a Herfindahl index of  5781 which signifies high concentration in the market

Brazil Agricultural Tractors Market - Export Market OpportunitiesLatest (2023) Development of the Brazil Agricultural Tractors Market

Brazil Agricultural Tractors Market is crucial for the economy of the country. The government is investing heavily in the agricultural industry. The use of outdated equipment leads to low productivity. The latest Tractors with innovative features are making farming convenient, effective, and productive. The advanced features of these tractors detect the weather patterns and the conditions of the soils. The latest development in these tractors provides maximum performance. The modern communication system in tractors is another development in the market. Farmers use their tablets and phones to access information.  Farmers can monitor their crops daily without visiting the farm due to modern technology.

Topics Covered in Brazil Agricultural Tractors Market Report

Brazil Agricultural Tractors Market report thoroughly covers the market by driver type, by system type, by design type, by power output, by applications. The market outlook report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

Brazil Agricultural Tractors Market Synopsis

Brazil Agricultural Tractors Market is likely to grow in the forecast year. The increase in population and rising income and increasing demand for food are the reasons for the expansion of the market. There is rising demand for high-quality products.

According to 6Wresearch, Brazil Agricultural Tractors Market size is anticipated to grow during 2020-2026. The market is growing significantly due to increasing mechanization and demand for premium products. The government is encouraging farmers to use data-driven precision agriculture. This will help farmers to increase their productivity. The key driver for the growth is the ever-growing population of Brazil. More population will demand more food and it will lead to an increase in demand for tractors for agriculture. The depletion of arable land in the country is also leading to the growth of the market as the farmers are striving hard to maintain the yield level of their fields. The technologically advanced tractors will lead to more production of crops. There are some challenges faced by the Brazil Agricultural Tractors Industry. There is economic instability in the country. The high-interest rates are restraining the growth of the market. Inflation is the major challenge faced by the farmers of Brazil. The economic recession in the country has hugely impacted the sales of tractors.

COVID-19 Impact on Brazil Agricultural Tractors Market

The agricultural sector of Brazil was disrupted due to the outbreak of COVID-19. Due to lockdowns and social distancing measures farmers and producers were hit hard. The supply chains were disturbed. There was a reduction in demand for tractors from the farmers due to the financial uncertainties. There was limited availability of credit in the market. There was also a reduction in the income of the farmers. The producers faced difficulty in maintaining the production level of tractors. Due to the government-mandated lockdown, many factories reduced their workforce. There were delays in the delivery of the final product.

Brazil Agricultural Tractors Market: key players

The major key players in the market are-

• AGCO Corporation
• CNH Industrial N.V.
• Deere & Company
• Mahindra & Mahindra Ltd.
• LS Mtron Ltd.
• Kubota Corporation
• Yanmar Holdings Co., Ltd.
• TAFE - Tractors and Farm Equipment Limited
• Valtra Inc.
• Claas KGaA mbH

Market by Driver Type

On the basis of driver type, the market is segmented into Two-Wheel Drive and Four-Wheel Drive.  Both segment will dominate the market due to their need for different farming operations.

Market by System Type

On the basis of system type the market is segmented into Without Loaders, Front Loaders, and Backhoe Loaders. All segments will dominate the market due to the need for effective equipment.

Market by Design Type

On the basis of design type, the market is segmented into tractors without CAB and tractors with CAB. Both segments will dominate the market due to the different sizes of the farms and the demand for comfortable equipment.

Market by Power Output

According to Ravi Bhandari, Research Head, 6Wresearch, on the basis of power output, the market is segmented into <30 Hp, 31-100 Hp, 101-200 Hp, 201-300 Hp, and>300 Hp. All the segments will dominate the market due to the specific requirements of the farmers.

Market by Application

On the basis of application, the market is segmented into Row Crop Tractors, Orchard Tractors, and Other Applications.Top of Form

Key Attractiveness Of The Report

• COVID-19 Impact on the Market.
• 10 Years Market Numbers.
• Historical Data Starting from 2016 to 2019.
• Base Year: 2019.
• Forecast Data until 2026.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report:

• Brazil Agricultural Tractors Market Outlook
• Market Size of Brazil Agricultural Tractors Market, 2019
• Forecast of Brazil Agricultural Tractors Market, 2026
• Historical Data and Forecast of Brazil Agricultural Tractors Revenues & Volume for the Period 2016 - 2026
• Brazil Agricultural Tractors Market Trend Evolution
• Brazil Agricultural Tractors Market Drivers and Challenges
• Brazil Agricultural Tractors Price Trends
• Brazil Agricultural Tractors Porter's Five Forces
• Brazil Agricultural Tractors Industry Life Cycle
• Historical Data and Forecast of Brazil Agricultural Tractors Market Revenues & Volume By Drive Type for the Period 2016 - 2026
• Historical Data and Forecast of Brazil Agricultural Tractors Market Revenues & Volume By Two-wheel drive for the Period 2016 - 2026
• Historical Data and Forecast of Brazil Agricultural Tractors Market Revenues & Volume By Four-wheel drive for the Period 2016 - 2026
• Historical Data and Forecast of Brazil Agricultural Tractors Market Revenues & Volume By System Type for the Period 2016 - 2026
• Historical Data and Forecast of Brazil Agricultural Tractors Market Revenues & Volume By Without loaders for the Period 2016 - 2026
• Historical Data and Forecast of Brazil Agricultural Tractors Market Revenues & Volume By Front loaders for the Period 2016 - 2026
• Historical Data and Forecast of Brazil Agricultural Tractors Market Revenues & Volume By Backhoe loaders for the Period 2016 - 2026
• Historical Data and Forecast of Brazil Agricultural Tractors Market Revenues & Volume By Design Type for the Period 2016 - 2026
• Historical Data and Forecast of Brazil Agricultural Tractors Market Revenues & Volume By Tractor without CAB for the Period 2016 - 2026
• Historical Data and Forecast of Brazil Agricultural Tractors Market Revenues & Volume By Tractor with CAB for the Period 2016 - 2026
• Historical Data and Forecast of Brazil Agricultural Tractors Market Revenues & Volume By Power Output for the Period 2016 - 2026
• Historical Data and Forecast of Brazil Agricultural Tractors Market Revenues & Volume By <30 hp for the Period 2016 - 2026
• Historical Data and Forecast of Brazil Agricultural Tractors Market Revenues & Volume By 31-100 hp for the Period 2016 - 2026
• Historical Data and Forecast of Brazil Agricultural Tractors Market Revenues & Volume By 101-200 hp for the Period 2016 - 2026
• Historical Data and Forecast of Brazil Agricultural Tractors Market Revenues & Volume By 201-300 hp for the Period 2016 - 2026
• Historical Data and Forecast of Brazil Agricultural Tractors Market Revenues & Volume By >300 hp for the Period 2016 - 2026
• Historical Data and Forecast of Brazil Agricultural Tractors Market Revenues & Volume By Applications for the Period 2016 - 2026
• Historical Data and Forecast of Brazil Agricultural Tractors Market Revenues & Volume By Row Crop Tractors for the Period 2016 - 2026
• Historical Data and Forecast of Brazil Agricultural Tractors Market Revenues & Volume By Orchard Tractors for the Period 2016 - 2026
• Historical Data and Forecast of Brazil Agricultural Tractors Market Revenues & Volume By Other Applications for the Period 2016 - 2026
• Brazil Agricultural Tractors Import Export Trade Statistics
• Market Opportunity Assessment By Drive Type
• Market Opportunity Assessment By System Type
• Market Opportunity Assessment By Design Type
• Market Opportunity Assessment By Power Output
• Market Opportunity Assessment By Applications
• Brazil Agricultural Tractors Top Companies Market Share
• Brazil Agricultural Tractors Competitive Benchmarking By Technical and Operational Parameters
• Brazil Agricultural Tractors Company Profiles
• Brazil Agricultural Tractors Key Strategic Recommendations

Market Covered

The report offers a comprehensive study of the subsequent market segments:

By Driver Type

• Two-Wheel Drive
• Four-Wheel Drive

By System Type

• Without Loaders
• Front Loaders
• Backhoe Loaders

By Design Type

• Tractor without CAB
• Tractor with CAB

By Power Output

• <30 Hp
• 31-100 Hp
• 101-200 Hp
• 201-300 Hp
• >300 Hp

By Application

• Row Crop Tractors
• Orchard Tractors
• Other Applications