Brazil Agricultural and Construction Equipment Market Expected To Grow At A CAGR Of 7.17% By 2027| CNH industrial, AGCO Corporation, John Deere, Agrale S.A, Kubota Tractor Corporation, YANMAR COMPACT EQUIPMENT, Caterpillar Inc, Komatsu Construction

Recent research and the current scenario as well as future market potential of "Brazil Agricultural and Construction Equipment Market 2020".

The Brazil Agricultural and Construction Equipment Market is expected to grow at a CAGR of 7.17% during the forecasting period (2020-2027).

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Brazil Agricultural and Construction Equipment Market Overview

Agricultural equipment is a machinery used in farming or other agriculture. There are many types of such equipment, from hand tools and power tools to tractors. Construction equipment are the equipment's used in constructions to shift large amounts of dirt, dig foundations, and landscape areas. Brazil is one of the few countries which is still capable of increasing its planted area. Large portions of Brazil's savanna or prairie region are available for cultivation, leaving considerable room for growth of the country's commercial agricultural sector.

Brazil Agricultural and Construction Equipment Market - Market Dynamics

Growing population is leading to the expansion of farm area in the country, thereby contributing to the demand for agricultural equipment. Brazil is one of the major, dynamic and rapidly growing market for agricultural equipment. This growth is driven by an extensive commercial farming sector, Moreover the country leads in exporting agriculture products such as soy bean, sugar, coffee. It is estimated the country has about 219 million hectares of land free for agribusiness. This, combined with a favorable climate and the availability of water and fertile land, places Brazil as one of the countries with the greatest potential to meet the growing demands for food on the planet.

According to the World Bank population of Brazil has grown from 196 million in 2010 to 210 million by 2017.

Government support to farmers by providing subsidies over agricultural equipment is boosting the market. Also, ongoing trade war issue will likely to drive demand for Brazil agricultural products and hence agricultural equipment demand.

The construction sector, is undergoing a profound restructuring prompted by structural transformation of the Brazilian economy after the end of the commodities boom, low government spending and the ongoing corruption investigations. Owing to this there has been a recession due to the ailing economy, high inflation and restricted credit supply, which has led to postponed projects and mounting financial, liquidity and reputational problems for domestic construction companies. All these factors are hindering the market growth.

Brazil Agricultural and Construction Equipment Market - Segment Analysis

Based on agricultural equipment the Brazil agricultural and construction equipment market is segmented as >200 hp, 100-200 hp, 31-100 hp,

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