Brazil Wheeled Tractor Machinery Market (2017 - 2022)

Published - Jan 2017 | Category - Agriculture | No. of Pages - 74 | Published By - Mordor Intelligence

Report Highlights

Brazil’s wheeled tractor machinery market is expected to grow at a CAGR of 5.5% from 2016 to 2021 and is expected to reach USD X.X billion.  Tractors provide the power and traction to automate agricultural jobs, especially tillage. However, the tractor is used in varied tasks even outside agriculture. Agricultural implements are towed behind a tractor, which then provides a source of power for the mechanization of implements. The agricultural usage of tractors is the largest segment in the agricultural machinery sector. Improvement in efficiency is one of the reasons why tractors are popularly employed by farmers. Besides, demand from emerging economies and the high level of government support in these regions is fueling the growth of the industry.

Market Dynamics

The market is driven by the increasing population, growing demand for food, the necessity to increase yields, and an increase in productivity. The future of the tractor machinery market appears positive. However, the low purchasing power appears to be a hindrance to the otherwise lucrative market.

Market Segmentation

The market is segmented by type of machinery into:

Utility Tractors

Row Crop Tractors

Orchard Type Tractors

Industrial Tractors

Garden Tractors

Rotary Tillers

Implement Carriers

Earth Moving Tractors

Some of the key players in Brazil’s wheeled tractor machinery market are:

AGCO tractor

Belarus Tractor

Case IH

Caterpillar Inc.

Claas Tractor

CNH Global NV

Daedong-USA, Inc.

Deere and Company

Deutz-Fahr

Escorts

Farmtrac Tractor Europe

Fendt

Kioti Tractor

Kubota Tractor Corp

Mahindra & Mahindra Ltd.

Massey Ferguson Tractor

McCormick Tractors

SAME Deutz-Fahr

Valtra

 

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