The Brazil agricultural machinery market size is estimated at USD 7.4 billion in 2024 and is expected to reach USD 9.28 billion by 2029, registering a CAGR of 4.6% during the forecast period (2024-2029).
The Brazilian agricultural machinery market is concentrated, with the international players occupying most of the market share. Some key players in the market are Deere and Company, Mahindra and Mahindra Ltd, CNH Industrial, Kubota Corporation, and AGCO Corporation. Farmers prefer international companies for assurance of quality and after-sales services offered by the big companies. Machines manufactured domestically account for most sales, as most international companies have local production setups in the country.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook