Press release
Brazil Agricultural And Construction Equipment Market on Track for Strong Growth by 2031 | CASE, New Holland, Massey Ferguson, and Valtra.
Brazil Agricultural And Construction Equipment Market || 2024-2031
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What is the projected growth rate (CAGR) of the Global Brazil Agricultural And Construction Equipment market from 2024 to 2031, and what is the market value expected to change by 2031?
The Brazil Agricultural and Construction Machine Equipment Market reached US$ 13.09 billion in 2022 and is expected to reach US$ 23.87 billion by 2030, growing with a CAGR of 7.8% during the forecast period 2024-2031
What is Brazil Agricultural And Construction Equipment Market?
Agricultural and Construction Equipment refers to a wide range of machinery and tools specifically designed for use in agricultural and construction activities.
Growing Agricultural Sector in Brazil
Brazil has established itself as a leading force in global agriculture, thanks to its extensive arable land and favorable climate for cultivating various crops. According to the Food and Agriculture Organization (FAO), Brazil utilizes 63.5 million hectares of its total potential arable land, which exceeds 410 million hectares, for crop production. As farmers increasingly embrace mechanization for tasks such as land preparation, planting, crop maintenance, harvesting, and post-harvest processing, the demand for agricultural machinery-such as tractors, harvesters, planters, and sprayers-is on the rise. This trend is significantly contributing to the growth of the agricultural sector in Brazil.
Key Players:
Profiles of some of the major players in the global Brazil Agricultural And Construction Equipment market, which include:
CASE, New Holland, Massey Ferguson, and Valtra.
Industry Development:
In August 2023, New Holland Agriculture, a division of CNH Industrial, launched the world's first accessible farm tractor. The TL5 "Acessível" (meaning Accessible in Brazilian Portuguese), manufactured at the brand's facility in Curitiba, PR, is designed for individuals with lower limb limitations, enabling them to work independently in agricultural fields.
In July 2023, XCMG, a global heavy machinery manufacturer, introduced a new range of electric trucks and construction equipment in Brazil. This lineup includes five trucks, two loaders, and one excavator.
The purpose of the report is to offer a comprehensive analysis of the market, along with insightful conclusions, statistical data, historical information, market data that has been confirmed by the industry, and predictions based on a sound methodology. By identifying and examining market segments and forecasting global market size, the study also contributes to understanding the dynamics and structure of the global Brazil Agricultural And Construction Equipment market.
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Market Segments:
The report covers the segmentation of the market into different segments based on various classifications such as applications, end users, product types, and others. The segmentation is divided into two sections, one for development and the other for different roles, needs, and behaviours.
By Type: Agriculture Machinery (Tractor, Ploughing and Cultivating Machinery, Planting Machinery, Harvesting Machinery, Others), Construction Machinery (Earthmoving Equipment, Material-Handling Equipment, Heavy Construction Vehicles, Others
By Operation: Autonomous, Semi-Autonomous
By Capacity: Small, Medium, Large
By Application: Agriculture Industry, Construction Industry
Regional Break out:
☞ South America- Brazil
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Key Features:
➧ Gain deep insights into market dynamics, trends, and opportunities to stay ahead in a competitive landscape.
➧ Track competitor's movements in real time, allowing you to swiftly adapt strategies and remain competitive.
➧ Compare your performance with industry leaders to identify gaps, strengths, and areas for improvement.
➧ Stay updated with emerging market trends, technological advancements, and customer behaviour to refine your strategy.
➧ Receive actionable insights and recommendations to drive your business toward growth and long-term success.
➧ Tailor competitive intelligence to your unique business needs, ensuring relevant and focused analysis.
➧ Evaluate supply chain efficiency and logistics strategies to optimize operations and minimize disruptions.
➧ Understand key players, stakeholders, and partnerships to navigate the competitive landscape more effectively.
➧ Identify and target specific market segments with detailed intelligence on customer preferences and behaviours.
➧ Stay informed on regulatory changes and legal requirements impacting your industry to ensure compliance and mitigate risks.
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Contact Person: Sai Kiran
Email: Sai.k@datamintelligence.com
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DataM Intelligence is a Market Research and Consulting firm that provides end-to-end business solutions to organizations from Research to Consulting. We, at DataM Intelligence, leverage our top trademark trends, insights and developments to emancipate swift and astute solutions to clients like you. We encompass a multitude of syndicate reports and customized reports with a robust methodology.
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